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Housing Forecasts

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 »

Climb to Price Peaks Resumed in November

climber

Though sales petered out in November, they were strong enough to continue America’s steady climb out of price troughs that drove more than 6 million American families into foreclosure. Among the nation’s top 100 largest markets, 93 markets increased their three month average index point change in November, up 35 markets from October, according to Homes.com, which has been tracking ... Read More »

Ready to Rumble in 2015?

dreamstime_xs_5397138

When home sales unexpectedly plummeted in November, the housing recovery entered the new year stuck in neutral.  Will sales switch gears and get revved up in the new year, regaining the roar of two years ago?  Or will they putt-putt along as they did in the pre-recovery years, every leap forward followed by a tire-burning skid? Economists making predictions for ... Read More »

Happier New Year?

2014

In an end of the year forecast, CoreLogic’s deputy chief economist came rang in a happy new year for the housing economy. Home sales will increase by 9 percent in 2015, housing starts are expected to grow 14 percent and home price growth is expected to moderate, predicted CoreLogic’s Sam Khater. “The lower-end home price category is growing faster than ... Read More »