Helping you navigate the new normal
Signs of stress seem to be appearing in the US housing market once more. Thus the Wall Street Journal reports: “An estimated one in seven appraisals conducted from 2011 through early 2014 inflated home values by 20% or more..Bankers, appraisers and federal officials in interviews said inflated appraisals are becoming more widespread as the recovery […]
Housing used to be the key driver for US chemical demand in the SuperCycle, and went into overdrive in the subprime era between 2003-6, when housing starts rose to 2 million/year. We don’t yet have December’s data, but we already know that 2013′s total will be only half this level, despite all policymakers’ efforts to revive the […]
The blog is changing its regular presentation of US house price movements, to mirror that used for auto sales. This should help to identify month-by-month changes.
It also means there is no need to use seasonally adjustmed numbers. These are guessw…
Since 2007, every spring has seen a rush of hopeful forecasts claiming that – finally – the US housing market has hit bottom. Sadly, for those trapped in foreclosure, and for those in the chemical industry who depend on housing sales, there is little …
Since 2007, every spring sees a rush of forecasters to claim that – finally – the US housing market has hit bottom. Sadly, for those trapped in foreclosure, and for those in the chemical industry who depend on housing sales, there is little real evide…