tag:blogger.com,1999:blog-6399730406480392183.post9042283118483653260..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: The Monsters of the American Housing MarketA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6399730406480392183.post-78871393034220915992013-11-26T16:48:12.396-04:002013-11-26T16:48:12.396-04:00I question the Philadelphia data I am certain the ...I question the Philadelphia data I am certain the "Zombies" you speak of are a large % owned by city agencies which is a separate discussion and pertains to the loss of population in industrial areas from the 70's thru 2000 due the manufacturing decline. <br /><br />The other areas discussed seem valid to a degree but from experience realty track is not always up to date in their data and often disclose a 15-20% +/- variation. Lastly, Blackstone has acquired volumes of these zombie homes in Ca, Illinois, and Nevada for reit purposes. <br /><br />there are signs of a bubble in places but I do not think the doom and gloom portrayed here is accurate. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-84529542951890452892013-10-26T09:02:17.054-03:002013-10-26T09:02:17.054-03:00Calling the home buying we have seen in both the n...Calling the home buying we have seen in both the new and existing markets "pent up demand" may be a stretch, many houses still remain empty or under leased, this means the occupants are not fulfilling their obligations. With population growth slowing, values changing, and slightly more occupants per home, less houses will be needed. Some of what we are currently witnessing is a repositioning and refinancing at historically low rates. The demographics of the baby boomers cutting back on spending and downsizing will also effect the number of new units going forward. This will extend into the size of new homes being built, expect smaller to become the norm. In coming quarters do not expect housing to lift the GDP as much as it has recently in coming quarters. More on why housing is not going to soar in the post below,<br /><br />http://brucewilds.blogspot.com/2013/01/has-housing-bottomed.html<br /><br />Bruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.com