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Around The Web
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Existing Homes: Double Digit Months-of-Supply Watch
How the NAR calculates existing home inventory is a bit of a mystery. However housing economist Tom Lawler has been tracking inventory several different ways. For July, Lawler reports listings totaled 4,038,133, up about 1.6% from June (using Realtor.com). And this brings us to the double digit months-of-supply watch ... For June, the NAR reported sales were at a 5.37 million seasonally adjusted annual rate (SAAR), and inventory was at 3.992 million. To calculated the months of supply, divide 3.992 by 5.37 and multiply by 12 months. This gives 8.92 months-of-supply (note: there is a seasonal pattern for inventory, but the NAR uses the NSA data). Click on graph for larger image in new window. This graph shows the 'months-of-supply' metric. The NAR reported that the months-of-supply increased...(read more)
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‘Free Stimulus’ via Refinancing, Debate Grows
Some argue that refinancing is a slam-dunk economic stimulus....(read more)
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Paulson: Revamp Homeownership Policy, After Market Stabilizes
Once the housing market is stabilized, the federal government should dial down its support for policies that promote homeownership over other investments, writes former Treasury Secretary Hank Paulson....(read more)
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Federal Reserve announces agenda for August 5 public hearing on Home Mortgage Disclosure Act
Federal Reserve announces agenda for August 5 public hearing on Home Mortgage Disclosure Act...(read more)
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House Passes NCSHA-Supported Legislation Extending FHA MF Programs
read more...(read more)
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