Although inflation isn’t entirely bad from a home owner’s perspective—it would help stop the drop in home values for one thing, at least at a nominal level—on the whole, inflation is a specter we want to avoid. It erodes confidence and productivity in the economy and distorts the allocation of capital.
When President George W. Bush in mid-February signed into law a $150 billion federal economic stimulus package, he gave the lenders something they’ve had trouble finding during the credit crunch: buyers for their big home loans.
Americans really know how to overspend. Bankruptcies, mortgage delinquencies, and credit card debts are all on the rise. But some of that debt isn't totally their fault. Here's a look at consumer debt is snowballing, in the form of bankruptcies and delinquencies.
In this interview with REALTOR® Magazine, Lawrence Yun, NAR vice president of research, puts the state of the economy into perspective, explaining just how contained the subprime problem is and why the trend lines are already contradicting many of the predictions of woe.
With many high-flying colleagues belly-up in the aftermath of the subprime mess, lenders are tightening their standards for all loans. But smart players are realizing that not all loans carry similar risks.
Consumers are hearing a lot in the media about the correction in housing, and they’re understandably concerned about whether now is a good time to get into the housing market. The irony, of course, is that although declines in sales volume have hurt real estate practitioners, they may be a plus for consumers.
NATIONAL ASSOCIATION OF REALTORS® Chief Economist David Lereah's new book, All Real Estate Is Local(Currency/Doubleday, 2007) hits bookstores in March. It's written for consumers and as a tool for you to help customers understand why your market marches to the beat of its own drum regardless of what’s happening elsewhere. Here's our interview with Lereah.
The pieces are falling into place for Congress, after years of gridlock, to pass measures that could help the NATIONAL ASSOCIATION OF REALTORS® boost the number of home buyers in his market and, just as important, curtail the destabilizing presence of predatory lenders.
If the second half of 2006 proved to be a tough period for residential real estate practitioners, “the good news is, the bad news is mostly behind us,” says NATIONAL ASSOCIATION OF REALTORS® Chief Economist David Lereah.
Everyone seems to be talking abut baby boomers—and for good reason. To help you benefit from this major market shift, the National Association of Realtors® has researched boomers’ real estate plans and preferences. Our findings suggest you have busy years ahead of you.