Tuesday , 1 December 2015
Home » Housing Forecasts » Early Warning Signs

Early Warning Signs

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 »

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 »

Home Values Suffer a Mid-tier Body Blow


  The most populated segment of housing markets, mid-tier priced homes selling between $120,000 and $345,000 are the worst segment in terms of price appreciation, selling nearly 25 percent below peak levels, keeping the recovery locked into low gear July data from Clear Capital revealed that the low-tier is closest to peak 2006 levels, with prices only 10.1% below 2006 ... Read More »

Why are More Millennials Moving in with Mom and Dad?


By now, more and more Millennials were supposed to be cutting the apron strings, living independently from their parents and establishing their own households. But the opposite is happening.  Five years into the economic recovery, even though unemployment is down, full-time work is up and wages have modestly rebounded, the nation’s 18- to 34-year-olds are less likely to be living ... 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


  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?


  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 »

Negative Equity Freezes Lowest Tier Owners


One reason inventories for first-time buyers are chronically depleted is that lower priced homes continue to bear a more of the brunt of negative equity that those priced higher. A new report from Black Knight found that in March the number of underwater borrowers decreased by 1.6 million from this time last year and that the negative equity population has ... Read More »

Take a Closer Look at the Spring Boomlet: It’s a Remarkable Start

Take a look

It’s official.  Early signs and forecasts of an extraordinary sales season are proving to be true.  NAR’s March existing home sales rocketed to their highest annual rate in 18 months. Total March sales increased 6.1 percent to a seasonally adjusted annual rate of 5.19 million in March from 4.89 million in February—the highest annual rate since September 2013 (also 5.19 ... Read More »

Buyers Bail Just as Spring Arrives

boy and dpg

With the arrival of the first robins, families’ thoughts turn to buying a new home. Except maybe not this year, according to a new consumer survey by Fannie Mae. Consumer attitudes toward housing appear to have stalled somewhat amid a recent dip in confidence regarding personal finances and income growth, according to Fannie Mae’s March 2015 National Housing Survey™. Among ... Read More »

Earn a 25% Commission Rebate on Any Home Purchase!