More to Come from China

This blog just reported yesterday on the banner year it’s been for foreign investors in U.S. real estate, and for China in particular. Coincidentally, Sam Van Horebeek, a director at a U.S. real estate advisory firm based in China wrote about the effect of the...

Tax-Deductible Solar for Everyone!

Property taxes aren’t the purview of the Feds; however, the FHA opposed plans to make solar power tax deductible because tax assessments take precedence over mortgages in the event of a default, there was general opposition to so called PACE (Property Assessed...

Housing Market to Drive GDP

Bill Greiner makes a fairly convincing argument in Forbes that the housing market will be driving real GDP growth upwards of 3% over the next 18 months. He distinguishes between existing home sales and new home sales, and gives an explanation of key factors:...

Closings May Get Slower before They Get Faster

The mortgage industry has been moving towards e-closings for quite a while now (as this blog has covered before), and there are great hopes that this will streamline and simplify the process. However, before we get all the way there, things may take a step backwards....

Thank China for Your Interest Rate

As this blog reported a few days ago, mortgage application rates were relatively flat in total, but underlying that data were some big swings that didn’t show up in the average. These changes are particularly surprising given the rate of home building starts and...