Author Archives: David Blitzer

Does anyone want to buy a house any more?

The Mortgage Bankers Association reported that mortgage applications fell 5.6% last week while the US Census Bureau reports that home ownership slipped again in the first quarter of the year to 66.4% compared to peak of 69.2% in the 2004 fourth quarter. Is it possible that the housing bust has convinced some people that owning […]

Who’s Up, Who’s Down

This report of the S&P/Case-Shiller Home Price Indices points to a few cities seeing some stability, one seeing gains and several where prices remain weak.  Washington DC is the only place where home prices are rebounding and holding on to their gains.  Prices in the capital were up 2.7% in the last 12 months and […]

How It Looks from Here

Cut to the chase – another weak, disappointing report from S&P/Case-Shiller Home Price Indices. Little, if any, good news about housing. Prices down while trends in sales and construction are disappointing. Ten of the 11 metro areas that recorded index lows in January fell further in February. The one exception, Detroit, is 30% below its […]

Housing Starts at 549,000 in March – Maybe a step towards working off excess supply

Housing starts in March were 549,000, up from February and better than the Bloomberg survey expectations.  Single family homes were 422,000, also up from February.  But the big picture is still no real progress.  Starts peaked at the beginning of 2006 at an incredible 2.2 million, slide though the end of 2008 to about 500-600 […]

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