Today’s housing news contributed to the market route but I don’t think the number were as bad as some people think.  Sales of existing homes were still up 9.6% from last year, and although they were down sequentially, inventories are low limiting sales opportunities.  It is going to be a tough slog especially with all...Read More

With every data point it is becoming more obvious that the housing market is recovering and the implications are massive.  While everybody is focused on Europe for the third year in a row, new single-family homes sales moved up 3.3% from March to a seasonally adjusted annual rate of $343,000.  Housing as been in a...Read More

It is interesting to see that hardest hit states from housing are leading gains in employment.  It is important to remember why states like California, Florida, Arizona, and Nevada were growing so fast to warrant the increasing home prices in the first place.  They are very desireable places to live, particularly for the baby boomer...Read More