housing

Housing Inflation Here We Come!

One of this issues I have been highlighting is the potential for inflation. One of the biggest places we probably have seen inflation is in assets like stocks.

Well, housing will certainly be part of the equation. Even with everything shutdown in April, house price increases ACCELERATED in April! Even in Seattle, New York, and SFO where things were REALLY closed!

Here’s the Case Shiller Index.

This will be something to watch over the next few months with Housing Inventory low and mortgage purchase apps high. It’s the perfect recipe for some serious house price increases.

By Christopher Schwarz, ago

Housing Market Roaring Back

As predicted last week, mortgage applications for home purchases are now UP year-over-year according to the latest MBA Purchase Index data.

MBA Mortgage Purchase Index, year-over-year change

There was a brief drop in March to as low as -40%, but the index recovered quickly.

The question now is if there will be enough supply for these buyers and if not, will that cause a spike in prices.

By Christopher Schwarz, ago