Red Wall Coming?

From Prof. Anthony Sanders over at Confounded Interest, one of the best housing economics blogs out there, we get this story: Miami, Tampa, Dallas and Phoenix (red states) are growing at over 30% YoY. Boston, Chicago, Cleveland, Detroit, Minneapolis, New York, Portland and Washington DC (blue states) are all growing at over 10% YoY. Cleveland … Read more

Renting vs. Buying – RealPage Market Rent Report

This is just a quick look-see. Thanks to Jay Parsons, an economist with RealPage, I found the RealPage 2022 Market-Rate Apartment Affordability Report. There are some interesting findings in there with the main takeaway being that market-rate (i.e., non-subsidized) rentals are doing just great: But this first-of-its-kind study into one of the largest segments of … Read more

Last Time Housing Was Affordable

I’ve been writing the long Four Horsemen series, and one of the biggest issues I had to tackle was housing affordability. The federal guidelines from HUD says housing is affordable when gross costs are no more than 30% of the gross income of the residents. Since gross costs include things like utilities, property taxes, mortgage … Read more

Finally. No Bid on MBS.

From my friend Kevin Oakley, I see this news on Twitter: Kevin Oakley on Twitter: “https://t.co/FTcmvQa2GX? @AliWolfEcon @robhahn / Twitter” https://t.co/FTcmvQa2GX? @AliWolfEcon @robhahn The linked article is a longtime mortgage broker Louis Barnes sounding the alarm: During the last forty-four years, my days have begun and ended with the mortgage market. Four painful moments stand … Read more