Friday , 2 December 2016
Home » Housing Forecasts

Housing Forecasts

Summer Ends with Crippling Inventory Shortages

shutterstock_235460815

August brought even worse news for first-time and move-up buyer as chronic inventory shortages grow even, inflating home prices even more.  A double whammy of unaffordable prices and shrinking selections of homes for sale continue to handcuff the housing recovery. “Hopes of a meaningful sales breakthrough as a result of this summer’s historically low mortgage rates failed to materialize because ... Read More »

Freddie Raises Price Forecast, Fannie Turns Bearish on Sales

2016-09-21_14-44-07

Like the blind men with different interpretations of the same elephant, September forecasts by economists at the nation’s largest housing GSEs emphasize differing outcomes from the same forces shaping the nation’s housing economy. After July’s disappointing existing sales report, which NAR’s Lawrence Yun attributed in part to chronically low inventories, Fannie Mae lowered its existing sales forecast for 2016 from ... Read More »

Stormy Weather Hits Home Sales

shutterstock_293057072

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

Okies

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”

shutterstock_267145220

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

shutterstock_421944781

  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

shutterstock_89662711

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

Florida-two

  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

© Paulus Rusyanto | Dreamstime.com - Disappointed businessman looking at laptop

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

shutterstock_317335346

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 »

Earn a 25% Commission Rebate on Any Home Purchase!

Hide