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Housing Forecasts

Stormy Weather Hits Home Sales

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Is it just the end of the buying season or are home sales hitting a wall? A growing consensus of economists foresees a flattening in sales growth—or even year-over-year declines in the months to come–for the balance of the year and even into next year.  Sales may have reached a ceiling for the season. A combination of rising prices, slow ... Read More »

Housing Experts Foresee Migration to the Midwest

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Job growth and better housing values in America’s heartland will reverse the movement of families to the coasts in recent years and generate population growth in Midwestern markets which have declinded in recent years. Over half of experts surveyed in the latest quarterly Zillow Home Price Expectations (ZHPE) Survey said they don’t expect migration to the coasts to continue indefinitely. ... Read More »

Summer Sales Slow as 2016 Heads for ‘Moderation”

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The first analysis of June market data confirms forecasts that sales peaked in the first half of the year and will hold on to make 2016 a moderating, normalizing housing market like those preceding boom, at the turn of the Millennium. Clear Capital forecasted between sales growth at 1% to 3% in January and is sticking a with the same forecast, which ... Read More »

Economists say Shortages, not Economic Growth, are Driving Home Prices

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  Tight inventories of homes for sale rather than economic factors, like rising income levels  or low interest rates, are driving higher than expected increases in home prices.  Yet recent low interest rates are not creating an unsustainable increase in home values, concluded the more than 100 housing economists and experts participating in the latest quarterly Zillow Home Price Expectations ... Read More »

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 »

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