articles new-home-sales-hot-but-not-bubbly 
Housing Wire
MAY 9, 2022
Home prices in the U.S. have been skyrocketing since 2020, however, I often like to remind people that no matter how crazy home-price growth is in America, at least we aren’t Canada. When it comes to home prices — and especially home prices compared to income — our neighbors up north are like Godzilla to our gecko.
Housing Wire
NOVEMBER 18, 2022
The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. We don’t have any housing bubble or overheated demand data, nor can we. million in October.
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Housing Wire
DECEMBER 29, 2021
economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. We started the year with many pundits saying that the U.S.
Housing Wire
DECEMBER 8, 2021
My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. million new and existing home sales combined. This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag.
Cleveland Appraisal Blog
OCTOBER 14, 2021
Speaking of things rising, home prices, as well as the prices of most other things, are rising rapidly. Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008. How does yeast work? For instance, sourdough.
Eppraisal
MAY 13, 2022
It was a sizzling hot seller's market, as sellers took advantage of the low housing inventory available for sale. According to an April 22, 2022 article on forbes.com , "The average rate rose on a 30-year fixed mortgage, inching up to 5.35% from 5.34% yesterday. " Home prices are still rising.
Housing Wire
JULY 26, 2022
Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. However, for the new home sales sector, it would put their business model at risk. That makes sense to me; builders missed sales estimates in 2013, 2014, and 2015. Today, rates are even higher.
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