National Housing Market Intelligence

Here you will find all of our articles with topics that cover the national housing market.

Price Corrections Are Not As Bad As Reported

It is true that home prices have corrected more than any time in the past, and further price declines are likely. However, the methodology used to track home prices is overstating the actual correction. Some examples of reported overstatements thus …

Limited Government Intervention Needed Immediately

Here are our 5 suggested public policy solutions to solve the housing crisis: Immediately Create Tax Incentives to Encourage Home Buying Activity: Allow for a tax deduction equal to 3% of the purchase price for anyone buying a home for …

GIGO Cash Flows (Garbage in, Garbage Out)

We have reviewed more than 500 cash flow reports and appraisals this year, and we are stunned by what we are finding. It is very common to find: “Updated cash flows” with home price assumptions that are much higher than …

Affordability Has Improved Dramatically

Housing affordability has improved dramatically in the last year, particularly in those markets where affordability was previously the most concerning. Each month, we calculate our Housing Cycle Barometer™ rating – a measure of the relationship between incomes and housing costs …

Job Growth Remains Positive

Most service sectors of the economy continue to grow while the construction and manufacturing sectors continue to shed jobs. Overall job growth remains positive, despite 700,000 Construction and Manufacturing jobs lost in the last 12 months. Education and Health services …

Underwriting Risk

There are many new executives to the industry today who are trying to determine how to underwrite the risk of owning land. These executives range from lenders, who presumed they would never consider owning an asset, to opportunity funds who …

Grading Housing Market Fundamentals

After many months of testing, we are proud to introduce our Market Fundamentals grade, which has proven to be a 3-5 year leading indicator for home price appreciation and depreciation. Improving fundamentals usually result in increasing appreciation, and vice versa. …

Consumer Confidence Declines As Employment Growth Declines

The weakening job market is a key factor in rapidly deteriorating consumer confidence, which is now at its lowest level since March 2003, surrounding the beginning of the war in Iraq. The current consumer confidence index rating of 64.5 is …

An Educational Video on Housing Cycles

Co-Authored by Chris Porter, Chief Demographer This month, we are pleased to present a 7-minute video that we hope will be a very effective use of your time to understand where we are in the housing cycle. To see the video, …

Economic Fundamentals Slipping Away

While it is now clear that we are in regional recessions, the poor performance of many of our market indicators over the last several months supports speculation of a national recession. Our overall grade for the health of the U.S. …