Tuesday , 9 February 2016
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Inventory Update: Get the Cavalry Ready

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When we published “Will Sellers Step up the Plate in 2016? “two weeks ago December market report weren’t in yet and it was clearly too early to blow the bugle over the inventory picture for the coming season The reports are now in and hands are reaching for the nearest brass instruments.  Too many signals from too many sources are ... Read More »

NAR Lowers Sales Forecast

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The National Association of Realtors has reduced its outlook for existing sales in 2016 from a 3 percent increase over 2015 (5.45 million sales) to an increase of only 1 to 2 percent (5.30 to 5.40 million sales). The new forecast, three months before the opening of the home sales season, amends an early one made at NAR’s annual meeting ... Read More »

Clear Capital Puts a Chill in 2016 Price Forecasts

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  Prices in the year to come are going to be a lot worse than most earlier forecasts, according to  Clear Capital’s view of the market, which refuses to “sugarcoat the data”.  The provider of real estate valuations, data and analytics calls for continued market instability and a trend of decreasing rates over the next 12 months, especially in mid ... Read More »

Will Sellers Step up the Plate in 2016?

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Richard Paul Kane / Shutterstock.com

    “It is important to recognize that 2016 is shaping up to be the best year in recent memory to sell. Supply remains very tight, so inventory is moving faster. Given the forecast that price appreciation will slow in 2016 to a more normal rate of growth, delaying will not produce substantially higher values, and will also see higher ... Read More »

Mortgage Rates in 2016: Nothing to get Excited About

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    Bankrate’s senior financial analyst Greg McBride isn’t sweating the new environment in mortgage rates.  December’s FOMC decision to start the upward climb one baby step at a time won’t really mean much to home sales in the larger scheme of things and most homeowners who wanted to refinance have already done so. McBride sees rates on a 30-year ... Read More »

Recovery Will Slow in 2016 as Fewer Homes Gain Value

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    The number of homes nationwide gaining value on a monthly basis are expected to fall by 12 percent over the next 10 months as the housing recovery slows. Just over half, 51.3 percent, of America’s homes will continue to appreciate by October 2016, according to forecasts by Weiss Analytics. The percentage of homes losing value nationwide are expected ... Read More »

Inventory Smoke Signals: More of the Same in 2016?

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It’s no secret the chronic inventory shortage that began three years ago is a ball-and-chain that’s crippling sales and keeping the recovery from achieving its potential. Evidence: Just as the 2014 market opened in March, Realtors reported a severe inventory shortage in most areas, especially for properties in the lower price range and for those that are move-in ready. In ... Read More »

2016 Price Outlook: Experts Agree Prices will Moderate

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    The experts have spoken and their short and long term expectations for home prices next year are slightly more conservative than leading economists at real estate research organizations and trade associations have forecasted that after price growth around 4 percent this year, they will moderate in 2016 and thereafter. More than 100 real estate experts and economists participating ... Read More »

Appreciating Homes Increased in Third Quarter but Still Trail 2014

Weiss map of New York City market.

The number of homes nationwide gaining value on a monthly basis increased during the third quarter from 56.80 percent in July to 59.37 percent of all homes in September and the appreciation rate increased for the third straight month. However, the percentage of homes gaining value still trails the rate of 66.31 percent in September 2014, Allan Weiss, CEO of ... Read More »

CoreLogic Forecast: Price Increases to Cool to 5.2 Percent Next Year

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Home prices, including distressed sales, are projected to rise by 5.2 percent from October 2015 to October 2016 after rising 6.8 percent nationally for the single family combined tier this past October, an increase of 1.0 percent for the national single family combined tier, according to CoreLogic’s latest price report. Including distressed sales, the U.S. has experienced 44 consecutive months of ... Read More »

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