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Housing Forecasts

Clear Capital Hopes a Thaw will Warm up Prices

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Winter continues to slow growth in housing price appreciation across the nation, but distressed saturation levels – the percentage of real estate owned and short sales to all sales – could point to a strong market return come spring. Across the nation, regions continue to wane in quarter-over-quarter (QoQ) growth in home prices during the slow winter real estate season. ... Read More »

Florida Prices Zoom as Markets Recover

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  Florida markets are dominating national price rankings this winter as demand remains strong for properties still priced far below their 2007 peaks. Florida and New York led gains among the states with 0.8 percent month-over-month appreciation I the Black Knight HPI December index and Florida accounted for every one of the top 10 best performing metro areas in December, ... Read More »

Fewer than Half of Homeowners Expect Their Equity to Increase in 2016

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While three in five homeowners with a mortgage (60.2%) report that the equity in their homes has increased since 2013, including most of those who bought before prices bottomed out in 2009 (57.5%), less than half (46.2%) of homeowners expect their equity to increase in 2016. Those expecting an increase anticipate their equity will rise an average of 8.8 percent, ... Read More »

Inventory Update: Pre-season Inventories Get Scary

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As the build-up to the spring buying season winds down in a matter of weeks, the inventory picture is shaping up be significantly worse than it was last year—which was one of the tightest in recent years.  A rush of new listings in February and March could brighten the picture, but through January it’s clear that inventories are going starting ... Read More »

Experts Raise Estimate on 2016 Home Prices But Still Trail 2015

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The consensus of more than 100 real estate experts and economists’ 2016 home price expectations has risen slightly from last quarter but is lower than 2015 price levels.  The experts predict that annual price appreciation in 2016 will end up at 3.65 percent by the end of the year, according to the first quarter 2016 survey conducted by Pulsenomics, up ... 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 »

Inventory Update: Get the Cavalry Ready

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When we published “Will Sellers Step up the Plate in 2016? “two weeks ago December market report weren’t in yet and it was clearly too early to blow the bugle over the inventory picture for the coming season The reports are now in and hands are reaching for the nearest brass instruments.  Too many signals from too many sources are ... Read More »

Homeowners Still Overvalue their Homes

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Average appraised values in December were 1.8 percent lower than homeowners’ opinion of their home’s value, marking the 11th straight month when appraised values were lower than homeowners expected, although the gap between the two values has narrowed since August. The Quicken Loans’ national Home Value Index (HVI) – a measure of home values based on recent appraisals used in to ... Read More »

NAR Lowers Sales Forecast

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The National Association of Realtors has reduced its outlook for existing sales in 2016 from a 3 percent increase over 2015 (5.45 million sales) to an increase of only 1 to 2 percent (5.30 to 5.40 million sales). The new forecast, three months before the opening of the home sales season, amends an early one made at NAR’s annual meeting ... Read More »

Clear Capital Puts a Chill in 2016 Price Forecasts

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  Prices in the year to come are going to be a lot worse than most earlier forecasts, according to  Clear Capital’s view of the market, which refuses to “sugarcoat the data”.  The provider of real estate valuations, data and analytics calls for continued market instability and a trend of decreasing rates over the next 12 months, especially in mid ... Read More »

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