Reading Rates: MBA Application Survey – November 20 2013

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here

Reading Rates: MBA Application Survey – October 23 2013

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here

Reading Rates: MBA Application Survey – September 25 2013

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here

Reading Rates: MBA Application Survey – July 24 2013

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here

Reading Rates: MBA Application Survey – August 07 2013

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here

[Three Cents Worth NY #237] Manhattan Prices ‘n Rates Don’t Jibe

Posted by Jonathan Miller - Thursday, July 11, 2013, 10:45 PM

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

Mortgage rates are rising and that’s probably a good long-term thing for the housing market in NYC and nationwide. One of the biggest misunderstandings about the market is the correlation between mortgage interest rate and price trends—sometimes I’ll get caught up in it myself. The logic follows that rising mortgage rates will leave less room for principal in the monthly housing payment and then prices fall. Makes sense logically if you don’t factor in access to credit. In the short term, changes in mortgage rates may have some knee jerk impact on prices—we often see demand surges with sudden rate changes—but over the long term it’s hard to pin down the cause and effect relationship between rates and prices using actual data. It’s never been successfully correlated to my knowledge…

[click to expand chart]

My latest Three Cents Worth column on Curbed: Manhattan Prices ‘n Rates Don’t Jibe [Curbed]
Three Cents Worth Archive Curbed NY
Three Cents Worth Archive Curbed DC
Three Cents Worth Archive Curbed Miami

View the original article here

Reading Rates: MBA Application Survey – May 29 2013

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here

Reading Rates: MBA Application Survey – March 13 2013

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here

[Three Cents Worth NY #187] Manhattan Mortgage Rates Are Listing

Posted by Jonathan J. Miller -Tuesday, April 24, 2012, 11:11 PM
Comments Off

It’s time to share my Three Cents Worth on Curbed NY, at the intersection of neighborhood and real estate in the capitol of the world. And I’m simply here to take measurements.

Read today’s 3CW post on Curbed New York:

By far the three most popular observations about the Manhattan housing market to date in 2012 are: “mortgage rates are at historic lows” and “listing inventory is tight” and…ok, there are just two that are worthy.

I thought I’d mash them together and see what happened since I’ve never made the direct association. Admittedly I was surprised with the visual that resulted….

[click to expand]

View the original article here

Reading Rates: MBA Application Survey – December 05 2012

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here

Yes, Mortgage Rates Impact Housing Prices

Posted by Jonathan Miller - Wednesday, December 26, 2012, 4:50 PM

I few weeks ago I was dressed down by an analytics friend of mine who is in the business. Based on his employment and housing sales analysis in Alabama (I’ve never been) he suggested my comments about mortgage rates influencing housing prices as anecdotal and hypocritical (who says analysts have to have tact) – that only employment can be correlated. And further…since mortgage rates can not be proved to influence housing sales through multiple regression, any such claims are hearsay and anecdotal. While I agree that housing’s largest influence comes from employment, I was a bit surprised by the out-of-left-field agita I inspired.

He was focused on the predictive element of a trend versus a knee jerk reaction to a sudden change in a metric. My comment about a spike in mortgage rates at this moment (not predicting it) as ending the party – is apparently what caused him to lose faith in my analysis. Appreciative of the constructive feedback, I whipped up a couple of US macro price charts.

Yes, US employment trends correlate with US housing prices and mortgage rates correlate by showing an inverse trend against housing prices.

Predictive? Only if considered with other metrics.
Anecdotal? Hardly.

View the original article here

Reading Rates: MBA Application Survey – November 28 2012

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here

Reading Rates: MBA Application Survey – November 28 2012

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here

Reading Rates: MBA Application Survey – November 14 2012

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here

Reading Rates: MBA Application Survey – October 24 2012

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here

Reading Rates: MBA Application Survey – November 14 2012

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here

Reading Rates: MBA Application Survey – October 31 2012

View the original article here

[Three Cents Worth NY #216] Manhattan’s Steamy Absorption Rates

Posted by Jonathan Miller - Thursday, November 8, 2012, 2:36 PM

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Read this week’s 3CW column on @CurbedNY:

…Manhattan listing inventory has been sliding for a few years yet sales have remained stable—playing havoc with the monthly absorption rate. The absorption rate used here is the number of months to sell all active listings at the annualized rate of sales activity. I like it because puts supply and demand into the same metric. I see it as defining the “pace” of the market. It is important to note that there are periods when inventory is rising AND sales are rising and vice versa, so limiting the view to only one of the two metrics tells just half the story…

[click to read column]

Curbed NY : Three Cents Worth Archive
Curbed DC : Three Cents Worth Archive
Curbed Miami : Three Cents Worth Archive

View the original article here

Reading Rates: MBA Application Survey – September 12 2012

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here

Reading Rates: MBA Application Survey – June 27 2012

Sorry, I could not read the content fromt this page.Sorry, I could not read the content fromt this page.

View the original article here