Category Archives: Housing

How Refinancings Fueled the Housing Bubble

The wave of mortgage refinancing by millions of households has distorted the housing market and contributed to the 2000s bubble. It makes sense for a household to refinance their mortgage when interest rates decline. In addition to lowering monthly payments, refinancing can be … Continue reading

Posted in Economy, Housing, Investment, Real Estate, United States, US Economy

New Home Sales: Better but Still Historically Weak

New home sales for February were stronger than expected, at an annualized pace of 539,000 units vs. 465,000 expected. This is good news because it is the highest number since early 2008. However, the chart below shows that we are still … Continue reading

Posted in Analysis and Opinion, Demography, Economy, Housing, United States, US Economy | 2 Comments

What’s Holding Back Affordable Housing in India?

The demand is huge but poor infrastructure, antiquated business models, government bureaucracy and lack of financing are all impediments. From KNOWLEDGE@WHARTON: When real estate developer Xrbia recently launched a 170-acre housing project in Hinjwadi, a suburb on the outskirts of … Continue reading

Posted in Asia, Emerging Markets, Housing, India

USA: Will Property Prices Need a Crutch as the Population Ages?

MARK HESCHMEYER at the COSTAR GROUP writes: There has been much speculation that single-family housing prices could take a hit as increasing numbers of baby boomers downsize and leave larger homes behind as they move into retirement age. That assumption … Continue reading

Posted in Demography, Health Care, Housing, United States, Urbanization, US Economy

Video: ‘Detropia’ Official Trailer

From DETROPIA’s website, by Caroline Libresco: Detroit’s story has encapsulated the iconic narrative of America over the last century— the Great Migration of African Americans escaping Jim Crow; the rise of manufacturing and the middle class; the love affair with … Continue reading

Posted in Depopulation, Detroit, Housing, Michigan, Urbanization, Video

Nine Out of 10 Latin Americans Will Live in Cities by 2050

Region is already the world’s most urbanized, with 80 percent of the population living in cities.  FROM FOX NEWS LATINO: RIO DE JANEIRO –  Almost nine out of every 10 people in Latin America will live in a city by the year … Continue reading

Posted in Housing, Latin America, Poverty, Urbanization

China Entering Demographic Danger Zone, BOJ Official Says

PATRICK HARRINGTON writes at BLOOMBERG BUSINESSWEEK: China is entering a “danger zone”where a financial crisis may become more likely because of increases in loans and property prices coinciding with an aging of the population, a Bank of Japan (8301) official … Continue reading

Posted in Asia, China, Demography, Emerging Markets, Housing, Japan, United States

US Demographics and Housing

Expectations of a robust housing recovery are not well supported by US demographics. From Bloomberg News (February 8, 2012): Chief Executive Officer Jamie Dimon told investors and analysts in a January conference call that housing is “getting closer” to a bottom. “We’re going … Continue reading

Posted in Analysis and Opinion, Demography, Housing, Immigration, United States, US Economy