USA Home Prices and Rents Climbing in February 2012

by Guest Author Scott Sambucci, Altos Research “The latest home prices data shows that a stable market in January is leading to an up month in February.  Rents and newly listed property prices all climbing weekly.” Like Giants fans around the country still celebrating a big win, the housing markets seem to want to play …

Housing Affordability Only Means Cheap Houses

by Guest Author Scott Sambucci, Altos Research Affordability measures price, but Capita per Inventory measures housing demand relative to supply, and isn’t that the point? RIM’s Playbook tablet, originally priced at $499, is now selling for $200. Very affordable compared to Apple’s iPad at $499-800+.  But which tablet do you want for Christmas? And that’s …

Housing Inventory: Hard and Soft Shadows

The “soft shadow” inventory in residential real estate is larger than the total of current inventory and the “hard” shadow. Resolution of the soft inventory is uncertain; it depends on how the economy goes in the coming years. If the recovery continues to bypass Main Street (read that as employment), a significant amount of soft shadow will enter the active inventory. In an improving economy a significant part of the soft shadow will simply fade away.