Tuesday , 25 April 2017
Home » Author Archives: Steve Cook

Author Archives: Steve Cook

Single Family Rental Update: Are Landlords Selling?


During the Foreclosure Flood, four to six million foreclosures—about as many homes as are sold nationally every year—switched from ownership to rental, bringing the total of single family rentals to about 14 million, more than ever recorded. The boom in single-family rentals has left an indelible mark on the nation’s housing economy.  The loss of these properties, most of the ... Read More »

Trump Budget Cuts HUD-Funded Down Payment Assistance and Homebuyer Education Programs


Three major sources of support for local down payment assistance and homebuyer education programs—Community Development Block Grants, the HOME Investments Partnerships Program and NeighborWorks America—would be eliminated under the Trump Administration’s proposed FY 2018 budget released March 16. Also, under a revised FY 2017 budget proposal announced March 28, the Administration seeks to cut funding by half this year for ... Read More »

Listings Drought Threatens as New Listings Fall Short

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February is a critical month, a time when the spring market is opening in warmer states and is just weeks away in the upper Midwest and New England.  In a typical year, it is a month when the best stagers are booked, painters are busy, landscapers are trimming hedges and sodding lawns of homes soon to be listed, and agents ... Read More »

Will Rising Rates Slow Home Price Appreciation?


For buyers and real estate professionals, the specter of consistently rising rates over the balance of the year is not a pleasant one.  Higher rates raise the total cost of buying a home for the majority of buyers who finance their purchases.  At some point, rising rates will hurt sales. If so, won’t rising rates also dampen the torrid price ... Read More »

January Market Reports: Inventories are Down to the Wire


January is the month when real estate markets traditionally take a breather to restock their shelves for the spring season. In the final quarter of 2016 record demand powered by concern over interest rates and rising prices encouraged buyers to clear the shelves of depleted supplies and strong sales continued into the new year. An analysis of the January market ... Read More »

Millennials Move Less but Rent More than Older Generations

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Though younger adults typically move more often than their older peers, Millennials (ages 25 to 35) are moving significantly less than Gen Xers and Boomers, yet they still are more likely to rent than buy than older generations at the same age. New data from the Census Bureau and an analysis by the Pew Research Center found that Americans are ... Read More »

Six Signs That Sales are Softening


Last year was not a great one for the housing economists who forecast home sales.  Most, include NAR[1] and Fannie Mae[2], predicted that existing homes sales would end up south of a 3 percent increase over 2015.  In fact, sales did a little better, rising 3.2 percent for the best sales year since 2006.[3] This year, experts are low-balling sales ... Read More »

January Home Sales: Don’t Break out the Bubbly


  The good news about January home sales is that the year over year rate reached the highest they reached an all-time high, an annualized total that was a little bit higher than it was last November. The bad news is that the serious problems facing the residential real estate economy grew even more serious during the slowest month of ... Read More »

Duck! The Rental Balloon is Starting to Leak


It had to happen. Put too many billions into building new apartment buildings atop subway stops and exurban min-cities and you can bet your bottom dollar the multifamily folks will end up with too much capacity. Not even massive demand from Millennials can deny the forces of supply and demand. Here’s the latest. “Fresh supply is beginning to overwhelm demand. ... Read More »

Rates Beat Inventories as 2017 Bad Guys


Rising mortgage interest rates and their impact on mortgage affordability beat out inventory shorttagers as the most significant force driving the 2017 housing market, according to the latest Zillow Home Price Expectations Survey. On average, experts said rates on a 30-year, fixed mortgage will need to reach 5.65 percent before significantly impacting home value growth, though a sizable share said ... Read More »

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