Sunday , 4 October 2015
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Housing Forecasts

Boomers Creating Massive Boom in Retrofitting Homes


With 78 million baby boomers entering or on the verge of retirement, a concerted national effort is required to adapt homes and communities for the 73 percent of seniors who prefer to age in place, according to a new report released yesterday by the Bipartisan Policy Center (BPC). The preference to grow older in one’s own home and community stems ... Read More »

Is the Lack of Credit Crippling Local Housing Recoveries?


A new report from Pro Teck Valuation Services’ Home Value Forecast suggests that the availability of credit in local markers influences local housing recoveries and accounts for dramatic differences in home prices. HVF looked at regular average sold prices versus total mortgage trends in San Francisco and Detroit and found that in San Francisco, buyers have averaged 20+% down over ... Read More »

More homes are losing value


  The number of homes nationwide losing value on a monthly basis has more than tripled over the past year while the number of appreciating homes has fallen more than 12 percent, Allan Weiss, CEO of Weiss Residential Research reported today. Depreciating homes increased from 7.60 percent to 23.40 percent while the number of appreciating homes has fallen from 65.20 ... Read More »

Homeowners’ Equity Takes Big Leap Forward


Only 9 million out of 50 million mortgaged homes still have less than 20 percent equity at the end of the second quarter, a decline of 700,000 homes from the first quarter.  The percentage of under equitied homeowners fell from 19.9 percent to 17.8 percentage of homes with a mortgage, CoreLogic reported today. Borrowers who are “under-equitied” may have a ... Read More »

Home Prices: Old Peaks and New Pitfalls


In July, the National Association of Realtors announced that by its calculations, the national median existing-home price for all housing types surpassed the record national median sales price of $230,400   set nine years ago. For many, reaching the price peak is a good reason to break out the bubbly and celebrate the official end of the housing recession.  It’s been ... Read More »

Corelogic: July Prices Rose 6.9 Percent and 4.7 Percent Hike Forecasted Next Year

crystal ball

CoreLogic remained as bullish in July as June, reporting price increases of 6.9 percent in July 2015 compared with July 2014. On a month-over-month basis, home prices nationwide, including distressed sales, increased by 1.7 percent in July 2015 compared with June 2015. Including distressed sales, only Colorado has more than 10 percent year-over-year growth. Additionally, only 10 states have experienced increased ... Read More »

Condos Struggle to Recover


  Appreciating home values in the bottom third of the market helped pull more homeowners out of negative equity in the second quarter of 2015, but condos were more likely than houses to be underwater , according to the Zillow® Negative Equity Report. •             The U.S. rate of negative equity among mortgaged homeowners continued to drop in the second quarter ... Read More »

Wake-Up Call: Depreciation Soars in Top Markets

wake up call

Though rising median home prices paint a favorable picture of current housing markets, the population of houses losing over 2 percent of value per year has increased to 24 percent from just 6 percent a year ago in ten of the nation’s largest markets. According to June data, in three major urban markets–New York City, Washington DC and Chicago–more than ... Read More »

The Dry Rot in America’s Housing Stock: A Sad Legacy of the Foreclosure Era


  What would an influx of 3.8 million entry-level homes do for housing affordability? Limited inventory and strong demand continue to push home prices higher in America’s hottest housing markets, leading to declining affordability.  Forecasters are raising their predictions as tight inventories of homes, particularly lower priced properties, keep first-time buyers on the sidelines. Those 3.8 million homes, nearly twice ... Read More »

Corelogic: Hot Market Won’t Cool for Another Year


Home prices nationwide rose by 6.5 percent in June, the 40th straight month of year-over-year increases, and will keep on rising by 4.5 percent through June 2016, CoreLogic said today. On a month-over-month basis, home prices nationwide, including distressed sales, increased by 1.7 percent in June 2015 compared with May 2015. The national average price on the CoreLogic index is now ... Read More »

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