| 美國房市有希望復甦嗎？ 很多人以過去的歷史經驗來解讀和預測美國房市的復甦信號，這不，下面又是一篇解讀房市復甦的大忽悠文章。 房市“需要”復甦，是因為曾經跌的太多，而能夠跌和大跌，又是因為泡沫的存在和泡沫的巨大，而泡沫的存在，則又是因為大量外來“投資者”炒作的結果。越是“開放” 的地方，在泡沫製造過程中，外來投資者也越多，故而房價上升的也最快。後來，泡沫破滅之後，也是它們，下跌的最厲害。 有點意思：原來，如果沒有人為的製造和“躁動”，房價的“高升”實際上是不應該也不會存在的，或者說，是不“必要”存在的。不然的話，被人為的捧上去，又被人為的踩下來，也真的是夠無聊的了。 拉斯維加斯、加州、佛羅里達，就是這種無聊遊戲的發生地。 而那些一直就沒有人覺得值得炒的地方，雖然在其它地方的人們靠房子“大發橫財”而自己只能自嘆不如時，有點自卑，但是，在泡沫消失的時候那些曾經得意一時者不得不面對的那種刺骨的疼痛和心寒，他們也沒有體會的機會。 上帝，看來還是真的很公平：喜歡折騰的人，在享受了昂奮、興奮之後，也必須體驗悲傷，才能算是平衡和公平了。 美國這次的房市泡沫，是“得益於”金融機器製造的龐大需求，所帶來的遠超過實際需求能力的供給。這種供給的存在，在短期，在未來的十年，恐怕都無法被市場消化掉。所以，在未來的十年之內來談論房市的復甦，實際上也只能是自我安慰和異想天開了。 美國靠房市和汽車這類大件消費來拉動經濟的時代，看來是很難再見到了，至少是在未來的十年之內。所以，在這幾年之中，談論房市復甦，也只能是天方夜譚。 而那些希望靠買低賣高，在房市上大撈一筆，在房市復甦之後再次見到房市的欣欣向榮的樂觀的人們，這一次，很可能會“發現”歷史不再重演，會因此而徹底的失望，甚至是絕望。 美國經濟在未來十年，是不是會再來一次展現輝煌，我個人看來，結論比較悲觀。 連接：經濟衰退結束了嗎？ 關注ULTA，或許有賺頭 The 10 States with the Strongest Housing Markets September 4, 2012 by 247wallst The housing market is showing signs of a recovery, albeit a halting one. In 10 states, median home prices increased by more than 5.5% from July 2011 to July of this year. While there is no single reason why housing markets in these states have done so well, most have several things in common. Many of them, like North and South Dakota, have maintained jobless rates at nationwide lows. In these states, home prices barely dropped when the national housing bubble burst. Since then, home prices in some of have even risen, while the national market plummeted. In these economically stable areas, home prices expected to continue to move higher, although recoveries are expected to be modest. However, some of the states with the biggest home price increases were hit particularly hard by the housing collapse. In Florida and Arizona, home prices dropped by nearly 50%. In Nevada the drop was nearly 60%. In all three states, the recovery is expected to be temporary. Median home value change will lag the national trend in the next year, but will improve over the next five years according to Fiserv. If the data tell anything, it is that the housing market recovery will continue to be uneven, and will be based to a large extent on what happened to home prices in geographically since its 2007. Housing markets in the states that exhibited economic strength throughout the recession will continue to improve relative to the national average. States that were broken by high unemployment and sharp drops in home values can expect their recoveries to be difficult, and in many cases, very long. To create the list of the 10 states with the strongest housing markets, 24/7 Wall St. relied the Corelogic Home Price Index for the year that ended in July. We also reviewed foreclosure data from RealtyTrac to reflect the extent to which foreclosures rates undermine ongoing recoveries. We obtained home price forecast for the near-term, measured from the first quarter of 2012 to the first quarter of 2013, the first quarter of 2013 to the first quarter of 2014, and the first quarter of 2012 to the first quarter of 2017 from Fiserv. Median sales prices as of Friday, August 28 are from Trulia. State unemployment as of July 2012 is from the Bureau of Labor Statistics. 10. Montana
> 1 yr. home price change: +5.6%
> Median home price: $151,300
> Unemployment rate: 6.4% (15th lowest) Montana shares characteristics with several of the Plains States. It never suffered from high unemployment during the recession; as a matter for fact, the jobless rate has been extraordinarily low. The agriculture and oil industries did well, and commodity prices were high. The cost of living in these states was, and still is, relatively low compared to the national average, and so are home prices. The benefits of being a homeowner in Montana should continue. Corelogic predicts that the appreciation in home prices in the state will be the 14th best among all states from the first quarter of 2013 to the first quarter of 2014, and the 12th best among all states from the first quarter of this year through the first quarter of 2017. 9. Hawaii
> 1 yr. home price change: +5.7%
> Median home price: $522,000
> Unemployment rate: 6.4% (14th lowest) Hawaii has the highest median home price of any state by a wide margin. That is even after home prices fell 20.4% between the 2007 housing market peak through the first quarter of this year. Forecasts, however, show that the recent improvement should moderate. Corelogic predicts home prices will rise 3.2% between the first quarter of next year and the first quarter of 2014. That ranks Hawaii No. 28 among all states. The value of a home in Hawaii is predicted to rise 3% on an annualized basis between the first quarter of 2012 and the first quarter of 2017, only the 35th highest increase among all states. 8. South Carolina
> 1 yr. home price change: +6.3%
> Median home price: $129,900
> Unemployment rate: 9.6% (6th highest) South Carolina suffered relatively high unemployment during the recession, and it remains above the national average of 8.3%. The real estate market also suffered during that time. And despite the year-over-year 6.3% home price in July, it may continue to suffer. RealtyTrac reported that foreclosure starts rose 25% in July 2012 over July 2011. That puts it in the 10th spot among all states. The recent improvement in home prices is expected to be short-lived. Corelogic expects home prices to improve only 2.3% between the first quarter of 2013 and the first quarter of the following year, only the 38th highest rise among all states. Longer term, from the first quarter of this year to the first quarter of 2017, prices on an annualized basis are predicted to rise only 3.2%, which ranks it 27th among all states. South Carolina is one of several states 24/7 Wall St. found will only have a momentary housing price recovery. 7. Florida
> 1 yr. home price change: +6.6%
> Median home price: $236,000
> Unemployment rate: 8.8% (12th highest) One of states most brutally damaged by the wreck of the housing market bubble, Florida’s home prices dropped 48.4% from the first quarter of 2007 to the first quarter of this year. Only Arizona, Nevada and California are even in that league. The problem arose from a combination of overbuilding and high unemployment, which was created to some extend by the drop in home construction jobs. The recovery of the state housing market is uneven at best. RealtyTrac reports that Florida’s foreclosure rate in July of of one in every 352 housing units ranked third among all states. Florida’s recovery in terms of home prices is expected to be poor short term, but substantially improved longer term. The improvement in price from the first quarter of 2013 to the first quarter of 2014 is expected to be a tepid 1.8%, putting it 45th among all states. However, from the first quarter of this year until the first quarter of 2017, the improvement on an annualized basis is forecast at 4.2%, which is 11th highest among all states. 6. North Dakota
> 1 yr. home price change: +7.1%
> Median home price: $88,600
> Unemployment rate: 3.0% (the lowest) North Dakota is another of the Plains States that never had substantial home price declines or severe unemployment as the national economy cratered between 2007 and 2010. Home prices during that period actually rose 17%, the highest in the nation. North Dakota has consistently ranked in the bottom three states in terms of unemployment rate. North Dakota home prices, at a median of below $90,000 are quite low — 45th among all states. Home prices should continue to appreciate in the future, although at a very modest rate. For the period from the first quarter of 2013 to the first quarter of 2014, prices are forecast to rise 2.8%, only 34th highest among all states. Over the period from the first quarter of 2012 to the first quarter of 2017, the annualized rate of home price improvement is predicted to be 3.4% — the 22nd highest. 5. Colorado
> 1 yr. home price change: +7.3%
> Median home price: $240,000
> Unemployment rate: 8.3% (20th highest) The Colorado housing market was not badly damaged when the housing bubble broke. Home prices dropped 9.5% from the first quarter of 2007 to the first quarter of 2012, which was the 18th best among all states. The market’s recovery rate will put it in the middle among the 50 states. Colorado home prices are forecast to recover at 3.7% between the first quarter of this year and the first quarter of next year, the 22nd-highest increase. Over the longer period from the first quarter of this year until the first quarter of 2017, prices are expected to improve 2.4% per annum, which ranks it 42nd. 4. South Dakota
> 1 yr. home price change: +8.3%
> Median home price: $101,700
> Unemployment rate: 4.4% (3rd lowest) South Dakota, another Plains State, has the same advantage of being home to industries that employ a great many of its residents as its neighbors do. Home prices are 44th among all states. Those prices barely budged when the housing market throughout most of the nation disintegrated. The median price of a home actually rose 3% between the first quarter of 2007 and the first quarter of this year. On that basis, South Dakota ranked second among all states. The improvement in the market is only expected to be mediocre moving forward, and certainly nowhere near the 8.3% home price increase of last year. Home prices are forecast to rise 4.6% from the first quarter of 2013 to the first quarter of 2014. That places its 15th among all states. But the growth rate will moderate considerably for the five years that began in the first quarter of this year. On a per annum basis, home prices are forecast to increase 3.4% during that time — 23rd among all states. 3. Utah
> 1 yr. home price change: +9.3%
> Median home price: $129,000
> Unemployment rate: 6.0% (11th lowest) The damage to the Utah housing market during 2007 to 2011 was worse than most states — home prices fell 21.6% over that period. That rate Utah 34th among all states based on that measurement. The recovery of the market is predicted to be particularly strong for the next several years, nearly as strong as the 9.3% jump in median home price from July 2011 to July 2012. Corelogic expects home prices to rise 5.8% from the first quarter of 2013 to the first quarter of 2014, which ranks it 10th among all states on that metric. Over the five years through the first quarter 2017, on a per annum basis, the improvement is forecast to be 3.9%, which ranks its 15th among states. 2. Idaho
> 1 yr. home price change: +10%
> Median home price: $85,000
> Unemployment rate: 7.5% (25th lowest) Idaho is one of only seven states with a median home price below $100,000. Unlike Montana, North Dakota and South Dakota to the east of it, Idaho did suffer from an unemployment problem. At 7.5%, the jobless rate is not terribly better than the national average. This may have contributed to the drop in Idaho home prices, which fell 29.6% from the first quarter of 2007 to the first quarter of this year. The home price recovery is expected to be stronger than almost any other state, a continuation of the 10% improvement over the past year. For the period from the first quarter 2013 to the first quarter 2014, home prices are expected to rise 8.8% — the highest in the nation. For the five-year period that began in the first quarter of this year, the per annum improvement is expected to be 4.8%, which rates Idaho eighth by that measurement. 1. Arizona
> 1 yr. home price change: +16.6%
> Median home price: $248,229
> Unemployment rate: 8.3% (18th highest) The Arizona real estate market was damaged as badly as any other when the home market collapsed, perhaps with the exception of Nevada. And the pain is not near the end yet, despite ranking first in home price improvement from July 2011 to July 2012. Arizona home prices fell 49.9% from the first quarter 2007 to the first quarter 2012. The state continues to have the second-highest foreclosure rate in the country, according to RealtyTrac, with one in every 346 housing units with a foreclosure filing in July. That troubling trend may be why the Arizona’s housing market recovery is expected to be extremely weak, over the shorter and longer term. Home prices are expected to rise only 1.4% from the first quarter of 2013 to the first quarter of 2014, which puts Arizona 48th among all states. Over the period from the first quarter of this year to the first quarter of 2017, the improvement is expected to be 2.5% per annum — 39th among all states. -Douglas A. McIntyre 連接： 經濟衰退結束了嗎？ 關注ULTA，或許有賺頭 |
