Home prices in California are stupid high, right? It must be a better deal to rent. At least in the big metros. Well not according to our friends at Movoto.com. Movoto looked at home prices in 11 counties across the state of California and compared them to the average rents in those counties. In...
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Lots of headlines around the web today about what the Facebook IPO means to Silicon Valley real estate. They all get it wrong. The short answer is that the Facebook IPO will have essentially no impact on the Silicon Valley housing market. Why? Because the market is already hot and has weathered the housing...
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Last week I highlighted the bullish signal that the price of newly listed homes after the first of the year were ticking up. This week I have another hint of good news. Rents. In addition to the active housing market, Altos Research now tracks the active rental market. Our set of 750,000 – 1...
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We track hundreds of local housing market stats here, but one of my favorite (because you can’t find it anywhere else, and because it’s so insightful) is the Median Price of Newly Listed Properties. It turns out that if you watch the prices of the properties that enter the market each week, you can...
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You want to understand the housing market. You’ve always tracked what sold, if you hang with Altos, you know what’s for sale and all that implies. What’s missing from this picture? Forty percent of this country doesn’t own the home they live in. So tell me, What’s for rent? Today Altos Research is announcing...
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The 2011 Forbes 500 is out! Each year we work with our friends at Forbes to help them compile the most expensive real estate markets. Forbes likes their lists. They come to Altos, because we can pull the data together, and Forbes has a particular way they like to run the methodology. For example,...
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The best way to predict the future is to invent it. – Alan Kay Or just measure really quickly. – me Sometimes I feel like we beat this dead horse too much. But I’m feeling particularly smug today so I’ll take another whack. The dominoes are falling as the traditional HPIs are starting to...
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Objects in mirror are closer than they appear. The headlines are roaring today. Double Dip! Foreclosures! Worse than expected! The S&P Case Shiller Index came in lower...
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I don’t practice Santeria / I ain’t got no crystal ball / Well I had a million dollars but I / I’d spend it all… - Santeria, Sublime If you’ve followed Altos Research for any length of time, you’ll have noticed that we’re a bit pedantic about the orientation of housing market data. For years we’ve been...
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The dominoes are falling, folks, and they’re falling in the wrong direction. Today the Texas AG moves to suspend all foreclosures to save the innocent homeowners from the big bad banks. (See Ken Brand for an FAQ on Texas ) Earlier in the week, JP Morgan Chase suspended 56,000 Florida foreclosures to investigate potential...
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