Reporting on its recent “Future Housing” conference the Council of Mortgage Lenders (CML) says it expects the UK to see a smaller proportion of homeowners and a higher proportion of tenants, mostly in the private sector, in the years ahead. Changing consumer preferences and affordability...
Posted to
Finance
on 03-04-2010
Filed under: All Financial News, Property News, first-time buyers, CML, housing, Council of Mortgage Lenders, deposit, affordability, homeowners, tenants, lack of supply
In 2009, legendary bond investor Bill Gross started talking about something called the “new normal,” where low growth and lower rates of return now exemplifies the U.S. economy and financial markets.
A new study suggests the U.S. housing market may be heading down that same path.
From MarketWatch’s Amy...
Posted to
Economics
on 02-08-2010
Filed under: Mortgages, Housing market, Housing, Foreclosures, residential real estate, housing bust, Home Prices, Homeowners, Immigration, Baby Boomers, housing demand, suburbs, Generation Y, Urban Living, homeownership, homeownership rate, suburban sprawl, immigrants, urban century, suburban development, Urban Land Institute, urban, mixed-use, John K McIlwain, suburban, suburban century
I thought I noticed more “for sale” signs in the neighborhood lately. From Reuters earlier today:
The number of U.S. homes listed for sale rose in January compared to December after 18 consecutive months of decline, according to data released on Thursday by real estate brokerage ZipRealty.
The increase...
Posted to
Economics
on 02-05-2010
Filed under: Housing market, Housing, Foreclosures, foreclosed properties, home buyer tax credit, homes for sale, home listings
Ah, I remember those good old days of the American housing bubble, when some homeowners would leave not-so-nice comments on sites like Boom2Bust that warned of the coming housing bust. Here’s one infamous example:
It makes me shiver when I imagine any of you bitter renter peons using the word “think...
Posted to
Economics
on 02-05-2010
Filed under: Mortgages, Housing market, Housing, Foreclosures, housing bubble, Credit, Interest Rates, Homeowners, Renters, Bubbles, home ownership, homeownership, homeownership rate, housing collapse, easy credit, home-ownership rate