September 14, 2009
By Lawrence Yun, Chief Economist
September has come again, and most folks are back from vacation. Kids are back in school. Traffic (in most locales) has returned to its usual nightmarish levels. Many of us are asking ourselves “where did the summer go?”
Well, summer is not the only thing that has ended. The world-wide […]

Passing through the Fort Myers, Fla., airport a few weeks ago, I noticed people eagerly signing up for a free bus tour of foreclosed real estate—with all properties offering water views. During the ride to my hotel, the young driver volunteered that he had just bought his first house, paying $65,000 for a foreclosed property […]

As a well-polished realtor, you’d never suspect that Donna used to be a cowgirl. Along with her five sisters and one brother, she worked a cattle ranch in southern Idaho. I don’t know how many acres the ranch is. A while back, I learned that asking such things is a bit impolite and somewhat like […]

The latest federal statistics on housing prices in hundreds of local markets reveal patterns that haven’t been making the nightly news: While on a national basis, homeowners have lost more than $1 trillion in equity since the end of the boom, the overwhelming majority of local markets continue to show net cumulative value growth over […]