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Fewer foreclosures, tight market led to price gains.
Micro numbers in a macro world we don't understand yet.
This is just another excuse to have the assessor raise my valuation and raise my taxes. When the housing market went down and I lost value my taxes did not decrease. You can bet they will skyrocket now.
Some don't understand...those who advocate renting vs. buying should pay attention.
Yay, another housing bubble! Get ready for foreclosure apocalypse round 2 in about a year.
There is over 2 million moe people in America in 2013. There are 2 million less jobs. Less people working doesn't bode well.
"Get ready for foreclosure apocalypse round 2 in about a year." That wouldn't surprise me. If the U.S. had instituted tougher lending standards like the Canadians, you wouldn't have these problems. Since the banks run this country and own both political parties, I don't see that happening anytime soon.
Good news if you are looking to sell or downsize. Bad news if you are looking to buy or upgrade...
What percentage of sold homes are bought by people who will live in them, and what percentage are being bought by investors? That's an important question both for those who need a place to live and for those who wonder whether a new bubble is being blown.
Whoa! We have a DFL governor,DFL legislature here. Unemployment is among the lowest in the nation and now housing prices rising? What happened to all the havoc supposed to happen when we corrected a bad mistake and kicked out the republicans? If this is gloom and doom I want more!
This is an interesting case of either not enough regulation/standards or too few.
We give our lending institutions a safety net that allows them to push the risk to the government. If we took away the safety net it the banks would likely raise standards independently as they do not want to accept risk. On the other hand, we could also introduce tighter regulation around who can get loans and how banks operate. This, however, would impact programs designed to help new homeowners or those unable to afford houses without government assistance or special programs.
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