Could baby boomers spur a housing bust?

From The Chicago Tribune: Will baby boomers turn into party poopers when they unload their homes in large numbers starting in the next decade? Could they create an indigestible oversupply in the market that lowers home prices and frustrates sales? That’s a sobering scenario outlined by two new, provocative studies. One, from Fannie Mae’s Economic and Strategic

Schar School Stat: Existing Home Sales Decreased in June

This piece ran in the Washington Business Journal in the June 13, 2018 edition. The graphic was prepared by the Washington Business Journal using data supplied by the Institute. Between June 2017 and June 2018, the number of existing home sales in the Washington region decreased 4.6 percent (466 sales). The number of closed sales has now

As home prices remain high, some uncertainty lingers for region’s market

From The Frederick News-Post: While a report out last week showed that June’s median housing prices in the Washington region were the highest ever, another new report suggests that the area’s housing market may face some volatile factors in the coming years. The median sales price for the Washington metro area in June was $471,000, up

Why longtime DC-area homeowners may have trouble selling

From WTOP: A new report predicts that some baby boomer homeowners in the D.C. region who try to sell soon may have trouble getting the price they want. The study comes from the Stephen S. Fuller Institute at George Mason University. It points out that people have been predicting a nationwide housing sell-off tied to aging boomers

Congressman Taylor Introduces Legislation That Seeks to Stop Continuing Resolutions

From wtvf: Congress doesn’t have a reputation for managing money well. But these days it seems like lawmakers are unwilling — or unable — to balance the checkbook on time. These days it seems like Washington budgets by a series of never-ending continuing resolutions — a way of delaying action until well past the last minute.