This morning, Zillow Chief Economist Dr. Stan Humphries testified before the Senate Subcommittee on Housing, Transportation and Community Development at a hearing called “New ideas to address the glut of foreclosed properties.” His full written testimony is below, and an archived webcast of the hearing can be viewed here. Written Testimony of Dr. Stan Humphries, FULL POST
Everybody wants credit for doing something about the housing crisis. Right now the government is hoping to convert hundreds of thousands of foreclosures owned by Fannie Mae and Freddie Mac into rentals. Why isn’t this already happening? Or is it? I worry that we’re about to repeat earlier mistakes and create expensive market distortions that FULL POST
Zillow’s Chief Economist Stan Humphries was recently on CNBC discussing the best places to invest in 2011. So what type of investor was the focus of his remarks? When discussing “real estate investors,” there are three main categories; each has a different time horizon and source of profiting off of his or her investment: 1. FULL POST
Well, what initially looked to be a technical road bump in the foreclosure process is now certainly blossoming into something with a more material impact on the housing market. Initially, this situation had the appearance of a sloppy record-keeping scandal, one that was important to resolve but that involved supporting documents that could ultimately be FULL POST