What Do Rising Prices Have To Do With A Housing Recovery? Nothing.



In the wake of the housing market crash of 2008, those with a direct interest in the housing industry are bound and determined to to create a housing recovery, even if they have to make it up. I have in front of me at this moment, exhibit “A”: A classic example of manufactured “evidence” that […]

Fannie Mae Report Finds Higher Mortgage Rates Won’t Affect Recovery



According to a new report from Fannie Mae, the recent rise in mortgage rates is unlikely to have any significant impact on home prices. Researchers for Fannie Mae looked at mortgage rates going back more than 20 years, and found that although rising mortgage rates may affect the number of sales, they were unlikely to impact house prices.

Brazil’s Slums Are Running Out of Space



Middle and low-income buyers are in danger of being squeezed out of Brazil, due to the country’s shortage of affordable housing.  According to some estimates, Brazil needs at least 6 million more houses to accommodate its poor citizens. Shanty apartments cover the hillsides of the slums (or favelas) of Rio de Janero, and while some […]

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