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Economists upgrade housing outlook. Should we worry?

Stronger Hiring Boosts Outlook for US Home Sales, say the teasers for Reuters’ latest poll of 29 “investors and economists”, or maybe they were just “economists”, or maybe they were just “property analysts”–all these descriptions appear in the article, and I have to think that an investor is different from an economist is different from a property analyst. But anyway, we know that Reuters asked 29 people, none of whom were me. How about you?

contractor sawing wide

New homeowners, meet your new contractors.

New homeowners are keeping themselves and their contractors busy, according to a Nielsen Scarborough study and, I’m guessing, keeping Home Depot and Orchard in business. Leading the list of home improvements are kitchen remodels and landscaping jobs, the two projects that, in my experience, usually offer the most bang for the buck.

salewithdollarsign

Gen Y is ready to buy. Yes, that means you.

The “one cool fact” infographics are fun, and they always present a relevant idea in a catchy way, but they usually need translating for local market conditions. I get them from the California Association of REALTORS, which gets its data from the National Association of REALTORS, which means we’re steadily moving away from “all real estate is micro-local” and toward the illusory national real estate market that exists mainly for the benefit of statisticians and the economists who love them.