Johnstown forever

So if there is any doubt what drives the stats behind this article today: Full home ownership here is nation’s best, it really is pretty simple.  Of those who did not leave Pittsburgh, we have not had many folks move around.  Likely for many depressed home values prevented the type of equity appreciation that . . . → Read More: Johnstown forever

What's a decimal point worth?

Not new, but from Zillow and via Calculated Risk is a table of negative equity in the largest real estate markets in the US.

Phoenix: 68% of all mortgages are ‘under water’ calculated as the percentage of single family homes with mortgages where the equity value less than current market value.

Pittsburgh: 6.8%.

The disparity . . . → Read More: What’s a decimal point worth?