Yep, It’s Another Housing Bubble

Low inventory continues to plague the D.C. housing market

(RealEstate Business Intelligence)

Mark Hanson, Hanson Advisors, breaks down the latest data on housing with CNBC’s Rick Santelli. The affordability index measures the household income needed to qualify for other a traditional mortgage on a median-priced single family home. So it’s looking at a mortgage with a 20 percent down payment and a monthly payment below 25 percent of income at the currently effective rate on conventional mortgages. When the index is at 100, that means that a household earning the median income has exactly the amount it needs to qualify for a conventional mortgage on a median-priced home. When it is above 100, it signals that the median income is higher than needed to qualify for a mortgage.
For the original version including any supplementary images or video, visit http://www.cnbc.com/id/101019905?doc=101019905|Yep,%20it’s%20another%20housing&.tsrc=mobifone

While that is encouraging news, the number of active listings is still 34.5 percent below the five-year average for August (12,673). Active listings of single-family detached homes are at an eight-year low for the month of August; active listings for condos are at a nine-year low for August. The 1,420 town house listings were an all-time low for August.
For the original version including any supplementary images or video, visit http://www.washingtonpost.com/blogs/where-we-live/wp/2013/09/10/low-inventory-continues-to-plague-the-d-c-housing-market/

Housing prices have gone up, and it’s only going to get worse

MDT Updated: 4 hours ago In this, Tuesday, March 12, 2013, file photo, a sold sign is posted in front of a home for sale in Mariemont, Ohio. As the recession continues to subside (sort of) the housing market has made substantial improvements. That is to say, as the Washington Post put it, its the worst time to buy a house in five years. Al Behrman, Associated Press Enlarge photo Summary As the recession continues to subside (sort of) the housing market has made substantial improvements. That is to say, as the Washington Post put it, its the worst time to buy a house in five years. The Great Recession: It was the best of times, it was the worst of times for the housing market, at least.
For the original version including any supplementary images or video, visit http://www.deseretnews.com/article/865586122/Housing-prices-have-gone-up-and-its-only-going-to-get-worse.html

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