housing

Sq FT per person

Housing Is Getting Less Affordable

The average square footage in new single-family houses has been declining since 2015. House sizes tend to fall just during recessionary periods. It happened from 2008 to 2009, from 2001 to 2002, and from 1990 to 1991. But even with strong economic-growth numbers well into 2019, it looks like demand for houses of historically large size may have finally peaked even before the 2020 recession and our current economic malaise. (Square footage in new multifamily construction has also increased.)

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Real Estate Rental Trends

The Making of the Next Housing Crisis

Who could imagine that the seeds of the next housing crisis would be planted by the CDC during a pandemic? But that is exactly what happened. On September 4, 2020… well past the peak of COVID cases, the CDC unilaterally decided that landlords shouldn’t be allowed to evict tenants for non-payment of rent because a bunch of homeless people milling around could spread the disease. 

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30 Year Mortgage Rates

Financial Real Estate Trends Investors Should Understand for 2020

As we enter into the New Year, it’s important for successful home investors to understand your investment properties outlook for 2020 and beyond. Currently, the prices of single-family homes in high-population areas like San Fransisco and Seattle have almost doubled since the bottom of the cycle in 2011. According to Zillow the median home in San Francisco is almost $1.4 million. But the median household income is only $96,265. Can this be sustainable?

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UK Inflation 2017

Brexit and House Prices – What’s going on?

The impact of the Brexit decision has been much debated, with many economists stating that the UK economy would be harmed by a decision to leave, whether that’s through a loss of cheap labour that powers the fruit picking industry or the restriction of movement for those in the Square Mile. Unfortunately, one of the biggest challenges with determining how the economy is performing is the ‘lag’ between the economic data being collected and the data being analysed and reported on. Take GDP growth for instance, which usually reports on the performance of the past three months. The financial markets on the other hand, often have an almost immediate reaction to political crisis’, and indeed fluctuations in Sterling have certainly occurred since the Brexit vote. But the financial markets don’t always accurately reflect the state of a national economy.

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Another Housing Bust On The Way?

Evidence of Another Even More Sweeping Housing Bust is Already Starting to Appear By Elliott Wave International Editor’s note: With permission, the following article was adapted from the October 2014 issue of The Elliott Wave Financial Forecast, a publication of Elliott Wave International, the world’s largest market forecasting firm. You may review an extended version

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FED Magic

Yellen’s Wand Is Running Low on Magic

The FED Thinks it has a “Magic Wand” that can boost the economy and solve all of our country’s problems. But as interest rates near zero… Housing is a major portion of GDP and lower interest rates make housing more affordable, thus boosting the economy but there is an actual limit to how low-interest rates can go and a theoretical limit to how long they can stay at zero.

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Africa

Will Africa Finally Shed its “Dark Continent” Image?

For centuries now, Africa has been a wild and unknown place full of impenetrable jungles and steeped in mystery earning it the name the “Dark Continent”. Several countries in Africa including Kenya, Ghana, Nigeria, Congo, and Rwanda  are embarking on ambitious projects to provide centers of upscale housing and high tech jobs in an effort to join the 21st century. Are these just “pipe dreams” or are they the wave of the future?

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