Psychology of Real Estate

WSJ: Home Sale Frenzy Eases

Great WSJ article about the impact of rising interest rates, seller pricing and potential outlook for the housing recover, as follows: After a yearlong rally, the U.S. housing market is showing signs of cooling as higher prices and interest rates, a slowdown in investor purchases and shortages of homes for sale weigh on one of the economy’s brightest sectors. While …

Flood

Natural Disasters & Real Estate?

While Boulder’s real estate market is something of a localized anomaly, we may be able to draw some insight into upcoming market behavior by studying the results of other natural disasters. Hurricane Katrina displaced over 750,000 households.  The regional real estate market recovered years after.  From May 2008 to May 2009, there was a 23% decrease in home sales. Gulf …

Miami Crane

Miami Cranes Indicative of National Real Estate Turn-Around

All Miami construction came to an abrupt halt in 2008.  There was no construction for the next three years.  In May of 2011, a new high-rise targeted to Latin-American buyers broke ground.   Almost 1 1/2 years later, 20 new Miami buildings are going up, and 150 more are being planned.  Click here for more details.

Hot Mortgage Deals

Small Lenders Providing Hot Mortgage Deals?

According to Housing Wire, incoming regulations and rising interest rates are predicted to slow refinancing further, taking a toll on bottom lines for big mortgage lenders. This could provide an opportunity for small lenders and credit unions to absorb market share.   Keep your eyes peeled for better deals from smaller lenders.