Tuesday , 28 July 2015
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Housing Forecasts

Home Prices are now only 6.5 Percent below Peak

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  In terms of national averages, the recovery has raised prices within a hair of their highest peaks reached during the boom nearly ten years ago, but on a market-by-market basis, median prices in fewer than half of the nation’s larger markets have fully rebounded from the housing crash. At $251,000, US home prices are now just 6.5 percent off ... Read More »

Sellers are Pocketing their Biggest Profits since the Peak

Greedy Business Partners

Single family home and condo sellers in the first half of 2015 sold for more above their purchase price in the first half of this year than any time since prices were at the peak of the boom. Homes sold for an average of 13 percent above their original purchase prices, the highest average percentage in home price gains realized ... Read More »

Nearly Half of Homes in Top Markets are Losing Value

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  Despite market reports of strong median home price appreciation this spring, gains are very uneven and nearly half of homes in ten of the nation’s largest markets actually lost value in May. On a house-by-house basis, about one-third fewer homes in the largest markets gained value during the heart of the spring buying season this year compared to last, ... 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 »

Some 5.7 Million Crash Victims Still Feel the Pain

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Though about five million families lost their homes to foreclosure from 2009 to 20013, some seven million consumers’credit was negatively impacted by the housing crash.  Today, only 1.2 million, or 18 percent, have completely recovered.  But over the next five years some 2.2 million of the remaining 5.7 million unrecovered consumers could meet agency underwriting guidelines, according to a report from ... 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 »

New Studies Illustrate How Consumers Misjudge Home Values

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Encouraged by strong price increases and hot sales this spring, increasing numbers of owners are listing their homes for sale. But chances are good that millions of owners are making wrong assumptions about the value of their homes, according to two new studies. Wrong valuation assumptions can lead to bad decisions about whether to sell, when to sell and how ... Read More »

Nascent Demand, Tight Inventories Supercharge April Prices

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  Prices took an unexpectedly big leap upward in April as rising demand collided with tight supplies to propel sale prices. With headlines like The Re-Explosion of U.S. House Prices Is Over, most forecasts in January had prices rising 4-5 percent over 2014.  Only the CoreLogic and NAR were on the sunny side, predicting 5/9 and 6 percent respectively. Only ... Read More »

Freddie Forecasts Higher Prices, Volatile Rates

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  Freddie Mac’s economists expect the balance of the year to be a hectic one as housing markets are likely to see increasing interest rate volatility for the remainder of the year and consumers try to anticipate the Federal Reserve’s timing around rising short term interest rates.  Home buyers may encounter “bouts of affordability shock” if rates rise suddenly. With ... Read More »

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