News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Lorraine Woellert / Bloomberg / October 21, 2013
Purchases of previously owned U.S. homes fell in September for the first time in three months, retreating from an almost four-year high as rising prices and mortgage rates discouraged would-be buyers.
Sales dropped 1.9 percent to a 5.29 million annual rate, the National Association of Realtors reported today in Washington. The median forecast of 67 economists in a Bloomberg survey called for the pace to slow to 5.3 million. Prices climbed 11.7 percent, pushing affordability to an almost five-year low, the group said.
Higher borrowing costs will probably hold back demand, slowingRead More
Sam Ro / Business Insider / February 7, 2013
Robert Shiller, the Yale economist who nailed the housing bubble before it burst, was on Bloomberg Television with Trish Regan and Adam Johnson on Wednesday afternoon to discuss the U.S. housing market.
As usual, Shiller was reluctant to declare that home prices had bottomed. He explained that the housing market is a speculative one and that there’s no telling, which way prices would go tomorrow. He also explained that there wasn’t much reason to believe that home prices would appreciate back to levels seen during the last cycle.
Regan followed up with a question that gotRead More
Brad Hunter, chief economist at Metrostudy, talks about the outlook for the U.S. housing market and home prices. He speaks with Tom Keene on Bloomberg Television’s “Surveillance Midday.” Chris Low, chief economist at FTN Financial, also speaks.
Metrostudy’s Brad Hunter talks about the turnaround in home prices, and the latest problem in the new home industry: lot shortages. He speaks with Tom Keene and Sara Eisen on Bloomberg Television’s “Surveillance.”