We have often said that the quarterly Office of Housing Enterprise Oversight (OFHEO) Home Price Index (HPI) report is one of the most interesting of the dozens of surveys and measures of the housing market that come out every month, quarter, or year. The report, which is based on same house sales, is...
Home buyers have waited for years but perhaps the agony is over. It is official; the National Association of Realtors® has confirmed that we are now in a buyers' market . According to the NAR June report on existing home sales issued last week there is now a 6.8 month supply of existing homes on...
The problem with the majority of real estate surveys and reports is that they are by definition lagging indicators. So while some "experts" are predicting the end of the real estate world and others are assuring us of a soft landing or a gradual deflation of the housing bubble , or employing other euphemisms...