Posts tagged "home prices"

Home Price Forecast: Experts Unfazed By Recent Market Slowing

Home Price Forecast: Experts Unfazed By Recent Market Slowing
As I mentioned last week the most recent release of the Case Shiller home price index for the nation showed considerable slowing in the rate of home price increases. You would think that this would temper the enthusiasm of the experts as they provide their own home price forecasts but I guess not. Zillow/ Pulsenomics... Read more »

Here's Why The Case Shiller Home Price Index Doesn't Stink

Here's Why The Case Shiller Home Price Index Doesn't Stink
When the Case Shiller home price index for February was released on Tuesday an article appeared on the Business Insider site entitled: Here’s Why The Case Shiller Home Price Index Stinks. The article, written by Mamta¬† Badkar, referenced the work of Ian Shepherdson of Pantheon Macroeconomics, who has come to the conclusion that the Case... Read more »

San Francisco's Google Bus Protests And The Affordable Housing Mythology

San Francisco's Google Bus Protests And The Affordable Housing Mythology
Earlier this week I posted on the growing tensions in the bay area caused by the rapid increase in housing costs that is displacing renters employed outside the tech industry. Some of the residents of San Francisco and Oakland who are concerned about the ever shrinking supply of affordable housing have been staging protests against... Read more »
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San Francisco Housing Affordability And The Google Bus Protests

San Francisco Housing Affordability And The Google Bus Protests
It’s a well known fact that people are never happy. Housing prices go down and everyone bitches about the loss of wealth. Housing prices go up and people complain about housing affordability – or the lack thereof. Such is the case in San Francisco and Oakland these days, which seem on the verge of all... Read more »

Chicago's Invisible Wall That Million Dollar Homes Can't Seem To Penetrate - Yet

Chicago's Invisible Wall That Million Dollar Homes Can't Seem To Penetrate - Yet
It’s as if there is an invisible wall running through the middle of Chicago, along Western Avenue all the way south of Montrose. When buyers of million dollar homes specify their search criteria they will often specify that they want to stay east of Western Avenue – or if they specify Ukrainian Village, Bucktown, Wicker... Read more »

Economists And Markets Show Continued Optimism For Chicago Home Prices

Economists And Markets Show Continued Optimism For Chicago Home Prices
Pulsenomics just came out with their quarterly, Zillow sponsored five year home price expectations survey¬†of a little more than 100 economists. This survey came out last week and it shows continued optimism for home price appreciation. The graph below sums up the current outlook and compares it to previous expectations. Note that this quarter’s survey... Read more »
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Case Shiller: Chicago Home Prices Hit Highest Level In 3 Years

Case Shiller: Chicago Home Prices Hit Highest Level In 3 Years
This morning’s release of the Case Shiller home price index for July shows prices for both single family homes and condos in Chicago hitting a 3 year high. The index for single family homes was up 3.2% over June while condo prices were up 3.9%. That 3.2% increase for single family homes was the highest... Read more »

Economists Show Growing Optimism On Home Prices

Economists Show Growing Optimism On Home Prices
Speaking of home prices….Zillow released their December Home Price Expectations Survey yesterday, coincident with the release of the Case Shiller home price index. It is a survey of 105 economists conducted by Pulsenomics – and the consensus is that home prices at the national level will rise a bit more than 3% per year over... Read more »

Chicago Home Price Rise Slows In August

Chicago Home Price Rise Slows In August
The August Case Shiller home price index must have been hotly anticipated because their Web site was unresponsive until about 8:20 this morning. When I finally got the data it showed a continuing rise in Chicago home prices but at a slower rate than recent months. Single family home prices rose 0.6% from July while... Read more »
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Housing Guru: Low Mortgage Rates Can't Fix Housing; Too Soon To Call Bottom

Housing Guru: Low Mortgage Rates Can't Fix Housing; Too Soon To Call Bottom
On Friday CNBC interviewed Robert Shiller, the guru of the housing market – the man who saw the housing bubble coming, developed the Case Shiller home price index, and coined the term “irrational exuberance”. This Yale economics professor has studied the housing market going back 150 years and is always a great source of insight.... Read more »
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