An Alternative To Traditional Real Estate Investing
About a month ago, I took a long weekend to visit Seattle. It was my first trip to the Pacific Northwest.
I expected to find a vibrant music scene, a world-famous coffee culture and some spectacular hiking trails - and I was not disappointed. What I did not expect to find, however, was a real estate bubble.
As this week’s chart shows, home prices in the Seattle area have grown 13.3% year over year. That’s more than double the national average home price growth rate.
And that chart isn’t the only indication of trouble in Pacific Northwest real estate prices. The signs of a regional bubble are obvious... if you know where to look.Read More
After another month of strong home price gains in August, the U.S. housing market was fast approaching a concerning threshold for affordability. Nearly half of the housing markets among the top 100 U.S. metros were “overvalued,” according to CoreLogic.Read More
Rising housing costs are putting a major squeeze on Americans.
Nearly 39 million households can't afford their housing, according to the annual State of the Nation's Housing Report from Harvard's Joint Center for Housing Studies.
Experts generally advise budgeting about 30% of monthly income for rent or mortgage costs.Read More
According to a new report on the top cities for out-of-town-buyers, U.S. home-buyers are on the move and about one in every five of them are not thinking local when they are looking for new places to live.Read More
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was approved in the aftermath of salient abuses against consumers, and in times of pressure from public opinion and the media. This pressure might have reduced the ability of Congress to foresee all the possible consequences of the new legislation.Read More
As house prices continue to rise nationwide, outpacing income growth, a rent-affordability crisis has gripped the nation, with the most acute effects being felt among predominately black and Hispanic neighborhoods, according to recent research by real estate database company Zillow.Read More
Anyone eager to buy a home this spring probably has reasons to feel good. The job market is solid. Average pay is rising. And mortgage rates, even after edging up of late, are still near historic lows.Read More
More jobs, higher wages and surging consumer confidence are combining to spur increasing demand for homes, but the flip side is that buyers are having a harder time finding homes in an affordable price range.Read More
Housing prices may be appreciating at a seemingly unsustainable rate once again in some markets around the country, but Christopher Thornberg believes the nation’s economic fundamentals will continue to be much more sound in 2017 than when the market began to implode back in 2005.Read More