Waiting for Household Formation

Millennials Are Not Forming Households Fast Enough To Support the Housing Recovery How To Buy Gold How to Buy Silver “This is the time of year to write to the Great Pumpkin“- Peanuts character Linus “You must be crazy. When are you going to stop believing in something that isn’t true?” – Peanuts character Charlie Read More →

The Recovery Has Reversed Course – Welcome to the Revocery

Welcome to the Recovery! How To Buy Gold How to Buy Silver Real Estate News The recovery that started in 2009 and never really progressed has reversed. The recovery is over. Welcome to the Revocery. QE- Recovery Medicine or Extension of Bailonomics? The current recovery was artificially born in 2009 from the ashes of the Read More →

Case Shiller Index Futures Traders vs. Smaulgld: You Vote!

Real Estate News. I have written many articles questioning the strength and length of the current housing bubblet. Here is the most recent one. Here is another one that contains links to many of the others. These articles caught the eye of John H. Dolan, who is the sole market maker in the Case Shiller Read More →

The Disconnect Between Home Prices and The Economy

The Disconnect Between Rising Home Prices and the Economy Real Estate News “Mortgage Interest rates, even though they have risen, are still at historically low levels” – common refrain from those saying the housing “recovery” can continue. It’s hard to argue with a true statement, but it’s easier to argue against the supposed consequences that Read More →

Can the Housing Recovery Continue?

Can the Housing Recovery Continue? Real Estate News Who Will Buy the Houses to Sustain the Real Estate Market? The current real estate recovery is characterized by higher home prices driven by low inventory and high demand relative to the existing inventory. The demand is driven by Fed induced low interest rates that has invited Read More →

The Dark Side of Rising Home Prices

smaulgld class and superclassic mug

The Dark Side of Rising Home Prices What’s Wrong With Higher Home Prices? The Real Estate Industry and Media Tout Rising Home Prices as a Good Thing, But Are They? Real Estate News I guess I don’t buy your premise, its a pretty unlikely possibility, we have never had a decline in housing prices on Read More →

You Can’t Get There From Here – Straining to Regain Real Estate’s Promised Land

You Can’t Get There From Here Real Estate News “The mind is its own place, and in itself can make a heaven of hell, a hell of heaven..” ― John Milton, Paradise Lost As the real estate market gained steam earlier this year, a common anti bubble meme emerged- “this ain’t no bubble, home prices Read More →

The Coming Real Estate Supply/Demand Inventory Reversal

Real Estate Supply and Demand Real Estate News “Housing prices have risen dramatically not because of simple supply and demand, but because the Fed literally created demand by making the cost of borrowing money artificially cheap” Ron Paul 2007 The real estate market as measured by price increase (not volume of sales) is recovering. This Read More →

Student Loans and Unemployment are Holding Back the Economy and Real Estate Market

Student Loans and The Economy Real Estate News What’s the difference between a high school graduate and a college graduate? About $50,000 in debt. The real estate market is recovering, the economy isn’t. Most indicators – employment, personal income, manufacturing, durable goods, GDP – and consumer sentiment show that the economy is stuck in a Read More →