Wednesday , 1 April 2015
Writers Wanted - Would you like to help others by shedding some light on the real estate economy? Email Steve Cook at scook@commsconsulting.com for the info!
Home » Housing Forecasts

Housing Forecasts

Lower Income Homeowners Face Negative Equity Forever

Budgeting burdens

  First came the news that last fall saw an uptick in negative equity.  Now Zillow has found that most low end homes, including those already underwater, are losing value, not gaining as one would expect with the tight supplies of entry-level properties.  Suddenly negative equity is no longer yesterday’s news.  Its a huge threat to the entry point for ... Read More »

Zillow Index Shows Access to Credit Halfway to Recovery

Young couple paying bills

Mortgage credit availability as measured by Zillow’s Mortgage Access Index  has risen steadily over the past two years to surpass a halfway point between the depths of 2011 and the peak of the boom in August 2004. The new metric (ZMAI) combines seven sources of data: credit score data, debt to income ratios, PMI availability, quotes on Zillow’s mortgage platform, ... Read More »

Is it Cold Feet or Just the Weather?

coldfeet

With the opening of the 2015 home selling season just a few weeks away, are sellers showing signs of getting cold feet?  Do many plan to sit out 2015 or are they just moving slowly because their toes are still numb from the latest winter wallop and all will be well with the first daffodils? Fannie Mae’s monthly National Housing ... Read More »

CoreLogic Kicks off 2015 in Style

fred astaire

CoreLogic reports shows that home prices nationwide increased 5.7 percent in January 2015 compared to January 2014. This change represents 35 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide increased by 1.1 percent in January 2015 compared to December 2014*.  Some 27 states and the District of Columbia are at or within 10 ... Read More »

Flips Flopped in 2014

tippin

Don’t tell the HGTV producers who find audiences for their endless stream of shows devoted to house flipping, but it’s looking like flipping is losing popularity. RealtyTrac® reports that last year flips fell to their lowest market share since 2011.  Some 136,269 U.S. single family homes were flipped in 2014, 5.4 percent of all single family home sales during the ... Read More »

REO’s: They’re B-A-A-A-A-A-ACK

Theyre Baaack

Four years of declining distress sales quietly ground to a halt last year and now real estate owned properties (REOs) have increased steadily for four months in a row, rising to 23.2%, based on a three-month moving average, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. The distressed property share of home sales peaked at 45.5% in March ... Read More »

Case Shiller: Maybe They Just Don’t Like December

christmas

Which of the following statements were made today by Standard & Poor’s David Blitzer about the December Case Shiller price indices? “Gains are slowing from month-to-month and the strongest part of the recovery in home values may be over. Year-over-year values for the two monthly Composites weakened and the quarterly National Index barely improved. The seasonally adjusted data also exhibit ... Read More »

Winter Inventories Plant Seeds for Spring Surprises

winter for sale

Behind the headlines proclaiming heather inventory levels, there are good reasons to be concerned that tight inventoiers today might presage price explosions tomorrow, especially in two areas where the real estate economy is vulneratble to bubbles:  hot regions that led demand and price increases last year and lower tiered entry level homes popular with new home buyers. On a national ... Read More »

Forecast: Rents to Rise until 2017

crystal ball

Rent increases aren’t likely to ease up for at least two years, according to the latest Zillow® Home Price Expectations Survey of 101 economists and experts conducted quarterly by Pulsenomics LLC.  Survey respondents were asked “How much longer to you expect rental affordability to continue deteriorating?” Of those with an opinion, 5 percent said less than one year, 33 percent said ... Read More »

What’s Happening to the Most Important Homes in Real Estate?

th (2)

  What’s really happening with homes in the bottom price tiers? These are the most important homes in the entire real estate economy.  They are where the housing ladder begins: they are then entry point for new buyers, the starter homes that MUST be available and affordable for Millennials if the housing economy is to ever function again as it ... Read More »

Earn a 25% Commission Rebate on Any Home Purchase!

Hide