The declining inventory of older homes is spurring sales of new homes. New home sales are up 16% so far this year, compared with a year ago, while inventories of new homes fell in March to their lowest level since record keeping began in 1963. Real, Feelings Better, House Marketing, Years Ago, Lowest Level, Financial Marketing, A Year Ago, Bid Wars, Buyers Finding
8-8-2012: U.S. ECONOMY SLOWLY GETTING BETTER.
6-20-2012: THE U.S. HOUSING MARKET CONTINUES TO HEAL. Most zip codes are seeing a yoy increase in prices, which will make people feel better about their financial situation.
Why The Housing Market is Stabilizing: 3-19-2012. As foreclosures begin to dwindle, the housing supply/demand dynamics improve. This is a positive.
8-14-2012: THE U.S. HOUSING MARKET IS GETTING BETTER. These charts show you why we believe this statement.
9-19-2012: THE U.S. HOUSING MARKET CAN ONLY GET BETTER AS CREDIT STANDARDS SLOWLY LOOSEN.
The Wall Street Journal's quarterly survey found that the inventory of homes listed for sale declined sharply in all 28 markets tracked. Real-estate agents consider a market balanced when there is a six-month supply of homes for sale. At the height of the housing crisis, in 2008, there was an 11.1-months' supply. In March, there was a 6.3-months' supply.
This 43-acre property in Sonoma County, Calif., not only has a one-bedroom home with steel trusses and a stone fireplace, but the land is littered with fanciful features, from an airplane wing protruding from the lawn to a potting shed built upside down.
Great article that argues the transition from an Ownership Society to what might be called a Rentership Society, far from being a drag, will unleash a wave of economic efficiency that could fuel the next boom. The U.S. economy, it says, needs the dynamism that renting enables as much as—if not more than—it needs the stability that ownership engenders.