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Americans Want Action on Affordability

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A new national survey of consumers commissioned by the MacArthur Foundation uncovers the depth of concern over America’s crisis in housing affordability, provides provocative insights into how a large number of Americans perceive the housing economy and outlines support for public policy solutions. The study found that eight out of ten Americans (81%) believe that housing affordability is a problem ... Read More »

Redfin: Shortages are Killing Demand

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It’s no secret that chronicle inventory shortages are curtailing home sales.  Now Redfin reports evidence that buyers are getting the message and buyers are staying away. The Redfin Housing Demand Index fell 5.5 percent to 97 in February from a year earlier, marking the third consecutive month of year-over-year declines in demand. The drop in demand was a result of ... Read More »

Falling Expectations for 2016 Depress Housing Confidence

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  Americans’ overall confidence in the U.S. housing market has declined from a year ago, according to the January 2016 Zillow Housing Confidence Index, driven lower by diminished expectations of the market’s future. The overall U.S. Housing Confidence Index fell to 66.9 in January from 67.4 a year ago according to the Zillow Housing Confidence Index, sponsored by Zillow and ... Read More »

Will Rental Housing, not Homeownership, be the Big Winner?

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  As household formation strengthens and returns to previous levels over the next ten years, a new report from the Demand Institute projects that demand for rental housing will continue to lead the way and the home ownership rate is unlikely to revert to previous highs seen during the housing boom in the early 2000s. According to the report, while ... Read More »

Higher Prices Chill Buyers

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In the cold light of winter. concerns about affordability are cooling potential buyers, according to the latest Sentiment Index from Fannie Mae. Fevers consumers believe this is a “Good Time to Buy”; figures trended down for the year in 2015 and declined an additional 4 percentage points in January. The share of consumers who reported that their income was significantly ... Read More »

The Rent Trap Redux: Why Millennials Can’t Buy

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Though 2015 was dubbed the Year of the Millennial, though the final sales data are not yet in, actual purchases by young first-time buyers disappointed many real estate observers. Between July 2014 and June 2015. first–time buyers declined to 32 percent (33 percent a year ago), which is the second–lowest share since the survey’s inception (1981) and the lowest since ... Read More »

Home Seller Equity Soars

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  They say that good things happen to those who wait. That’s certainly true for the millions of home owners who struggled through seven years of falling values and false-starting recoveries to see their equity return and resume an upward path. The latest evidence comes from NAR’s new 2015 Profile of Home Buyer and Sellers just released today.  The venerable ... Read More »

Is Clear Capital a Voice in the Wilderness or a Skunk at the Picnic?

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  With annualized sales and price appreciation reports blowing away the early forecasts for 2015 and putting smiles on the faces of professionals and real estate consumers alike, is there reason to worry that there’s a major downturn lurking around the corner? Clear Capital’s vice president of research and analytics Alex Villacorta, a fearless contrarian who called Florida’s investor-driven recovery ... Read More »

Millennials are Rays of Sunshine amid Clouds of Pessimism

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Remarkably negative findings from the 2015 How Housing Matters survey released this week by the MacArthur Foundation were punctuated by two critically important findings.  Attitudes on the value of housing as an excellent long term investment have flip-flopped and Millennials put a higher priority on the dream of homeownership than their elders. Though the survey found that  most Americans believe ... Read More »

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