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Housing Forecasts

Apartment Rents Soar Even HIgher

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Annualized effective rent growth rose to 4.7 percent in November, the biggest increase of the year and the highest since August 2011 when the rate measured 5.0 percent. According to research from Axiometrics, November’s rent-growth rate was a 38-basis-point increase from the 4.3 percent recorded in October and the largest growth margin since the 39-bps increase from February-March 2011 (4.6 percent ... Read More »

Rents Rise, Ownership Costs Fall, Part Deux

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The squeeze renters will feel over the next twelve months will not be pleasant, especially for lower income renters.  But those who can afford to buy in 2015 have multiple incentives to do so, beginning with their monthly rental bill. In a new piece of research on the dynamics of renting vs. buying, Zillow’s economists have update the numbers on ... Read More »

Are You Ready for the Next Boom?

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According to a new study from the New York Federal Reserve the best way to stimulate demand is to reduce down payments, a strategy that’s more effective than lowering interest rates–whicb is probably obvious to most street Realtors.  Now it can be proved scientifically. The Fed economists queried prospective buyers to determine their willingness to buy a home under different ... Read More »

Rents Will Rise Faster than Home Values

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Zillow predicts a big year for home buyers in 2015, with more millennials entering the market amid rising rents. Zillow’s annual housing predictions also identify the five best housing markets for first-time homebuyers this coming year. 2015 Predictions U.S. rents will outpace home values by the end of the year Builders will begin constructing more, less expensive homes Millennials will ... Read More »

Is the Recovery Coming to a Screeching Halt?

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  After slowly winding down over the summer months, the third and fourth quarter data now being released shows that price appreciation is no longer slowing.  It is now within inches of a total screeching halt that could presage a shift in the recovery’s momentum as real estate markets don their pajamas for the winter hibernation. The September 2014 index ... Read More »

Freddie Mac: Get Ready for 5% Rates in 2015

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    Rates on a thirty-year fixed rate mortgage will hit 5 percent by the end of next year, according to the latest forecast from Freddie Mac’s economists.  Expect to see interest rates climb throughout 2015, with yields on the 10-year Treasury averaging about 2.9 percentage points, up from about 2.6 percentage points in 2014, and rates on the 30-year ... Read More »

CoreLogic: Healthy or Wealthy?

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  Through August, CoreLogic figures that national median home prices have risen 17.5 percent during a 20 month run that’s now tapering off.  According to the October 2014 CoreLogic HPI™, in 2013 alone, national home prices rose by more than 11 percent. By August, national home prices had risen another 6.5 percent year-to-date. Wealthy is not necessarily healthy when it ... Read More »

College Towns Get an A for Appreciation

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Colleges and universities are having an effect on housing across the country. Metros with noteworthy university influence are at the top of their class, with home price trends far outperforming national rates of growth since 2004, according to data provider Clear Capital. A sample of ten metros, each having a university presence, shows an average growth of 32 percent since ... Read More »

Auction.com’s “Nowcast” uses Market Data for Forecasts

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By combining industry data, proprietary company transactional data and publicly available Google Trends data, Auction.com has launched a new report called “Nowcast” to predict home sales as they are occurring. Findings from the first Auction.com Nowcast predict that existing home sales in October will fall between seasonally adjusted averages of 4.967 and 5.380 million annual sales, with a targeted prediction ... Read More »

Tight Credit Chokes Pending Sales

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Pending home sales rose slightly in September and are now above year-over-year levels for the first time in 11 months, according to the National Association of Realtors®.  But NAR’s monthly pending sales repot disappointed observers and underscored the problems facing the housing sector The pending home sales index increased 0.3% after dropping 1% in August, the National Association of Realtors ... Read More »