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Posts Tagged ‘Dodd-Frank’

Bloomberg View Column: Guess What’s Holding Back Housing

September 27, 2014 | 12:54 pm | BloombergViewlogoGray | Charts |

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Read my latest Bloomberg View column Guess What’s Holding Back Housing. Please join the conversation over at Bloomberg View. Here’s an excerpt…

During the U.S. housing boom, real-estate appraisers acted like deal-enablers rather than valuation experts. Indeed, inflated appraisals were a key ingredient in the erosion of mortgage-lending standards that led to the housing bust. Now we are seeing the opposite — low appraisals — with unwelcome consequences for the housing market.

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Pending Home Sales Down 10.2% YOY And That’s Not A Bad Thing

March 27, 2014 | 11:55 am | Charts |

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NAR released their pending home sale index today and the news was not unexpected. US home sales volume has slowed since last spring’s taper miscue by the fed which caused mortgage rates to jump. If you look at the May surge in pending sales, sales volume, seasonally speaking (comparing year over year) has fallen 10.2% (unadjusted).

The introduction of QM earlier in the year probably doesn’t help volume levels, but I’m not really convinced that the housing recovery is actually stalling. It seems more like sales levels are settling to more sustainable levels. And as sales go, so goes the insane price gains seen in the national reports.

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