Saturday , 21 January 2017
Home » Author Archives: Steve Cook

Author Archives: Steve Cook

Meet Tomorrow’s Rising Star Chief Economists

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Not so ago, national reporters covering housing relied on four or five chief economists in the housing sector to help to understand and interpret real estate economic data for their readers. These gurus were on everyone’s Rolodex because they worked for big organizations like NAR, Fannie Mae, Freddie Mac, the National Association of Home Builders and megabanks. With the housing ... Read More »

The Color of Homeownership

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It’s no secret that the nation’s homeownership rate has reached its lowest point since the Census Bureau began tracking it in 1994. What’s less known is how greatly homeownership divides America by race.  New research from the Pew Institute raises fears that the bleaching of homeownership will continue for at least another generation. In 23 years of boom and bust, ... Read More »

Better Days are Ahead for Marginal Home Buyers?

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As the top officials to serve in the new Trump Administration are named and they outline their priorities, the broad outlines of the new government’s housing policies are taking shape.  Further details won’t complete the picture until the weeks follow the inauguration. Even once they settle into office, some of the policy changes in store—especially reducing and revoking regulations—can take ... Read More »

As Homeowners Move Less Often Will Agents Sell Fewer Homes?

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Did you miss the news item that will certainly impact your business for years to come? Homeowners are selling the homes two and a half times less often than they did just a few years ago—and now it is clear that it’s not a temporary aberration.  Homeowners are staying put 50 percent longer than they did in 2007, from six ... Read More »

The Return of the Prodigal Single Family Rentals

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It’s no secret that inadequate inventories have been stunting the housing recovery.  Through November, total housing inventory has fallen year-over-year for 18 straight months and supplies are now 11.4 percent lower than they were two years ago.[1] As inventories decline, rising income, improved employment, and historically low mortgage rates have given demand a shot in the arm.  Sales in November ... Read More »

Homebuyers Aren’t Fazed by Rate Run-up

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The super sensitivity of home buyers to the slightest uptick in mortgage interest rates is one of the more puzzling examples of human misperception.  Buyers will rush to close or put their buying plans on ice when rates are rising a wrinkle, even if the actual monthly impact on a mortgage is less than a dinner out at McDonald’s.  They ... Read More »

Imprev Thought Leader Study Shows Softer Confidence in 2017 Housing Market

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Top real estate executives’ confidence in the U.S. economy and housing market for 2017 has softened compared to two years ago, and 42 percent have grown less confident in the world economy since January, according to the latest Imprev Thought Leader Real Estate Confidence study. Respondents included nearly 240 broker-owners and top executives at leading franchises and independent brokerage firms, ... Read More »

Experts Forecast Prices Will Cool Off in 2017

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Home price increases will slow next year from this year’s above average pace of 4.75 percent, and in November 2017, values will reach the median price peak set a decade ago, in April 2007, according to the latest quarterly Zillow® Home Price Expectations (ZHPE) Survey sponsored by Zillow and conducted by Pulsenomics LLC. Estimates based on the survey of 111 ... Read More »

Why Foreclosures are Never-ending Credit Nightmares

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The popular belief that the seven million Americans who lost their homes to foreclosure during the Housing Crash are healed, whole and forgiven of their debts after seven years have passed is only partly true. For foreclosures, Fannie Mae and Freddie Mac set a seven-year waiting period before defaulters can apply for a mortgage, measured from the completion date of ... Read More »

Are Trophy Homes Losing their Lustre?

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With pressure on the homebuilding industry to build fewer trophy homes and concentrate on filling the demand for affordable housing, the data does not bode well for builders. Median prices of new homes have risen steadily during the recession. In September, the median sold price of a new home hit $313,500, 5.5 percent higher than last year’s median of $296,400 ... Read More »

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