Monday , 31 August 2015
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Corelogic: Hot Market Won’t Cool for Another Year

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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 »

Nearly Half of Homes in Top Markets are Losing Value

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  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?

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  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 »

New Studies Illustrate How Consumers Misjudge Home Values

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Encouraged by strong price increases and hot sales this spring, increasing numbers of owners are listing their homes for sale. But chances are good that millions of owners are making wrong assumptions about the value of their homes, according to two new studies. Wrong valuation assumptions can lead to bad decisions about whether to sell, when to sell and how ... Read More »

Nascent Demand, Tight Inventories Supercharge April Prices

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  Prices took an unexpectedly big leap upward in April as rising demand collided with tight supplies to propel sale prices. With headlines like The Re-Explosion of U.S. House Prices Is Over, most forecasts in January had prices rising 4-5 percent over 2014.  Only the CoreLogic and NAR were on the sunny side, predicting 5/9 and 6 percent respectively. Only ... Read More »

Freddie Forecasts Higher Prices, Volatile Rates

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  Freddie Mac’s economists expect the balance of the year to be a hectic one as housing markets are likely to see increasing interest rate volatility for the remainder of the year and consumers try to anticipate the Federal Reserve’s timing around rising short term interest rates.  Home buyers may encounter “bouts of affordability shock” if rates rise suddenly. With ... Read More »

Experts Split on Loosening Lending Standards

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Almost half (46 percent) of the real estate economists and experts surveyed in Zillow’s latest Home Price Expectations Survey believe mortgage underwriting standards are about right today, but an equal number, 47 percent, said they are too still restrictive. Though the experts couldn’t agree on where standards should be, most agreed on where they are going. More than 60 percent ... Read More »

Negative Equity Freezes Lowest Tier Owners

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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

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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 »

HELOC Resets? No Worries!

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Perhaps you’ve seen the headlines crafted to conjure up fearful memories of Alt-A and Option ARM loan defaults during the depths of the housing depression. Tidal wave of HELOC resets about to hit! HELOC Resets Will Undermine Any Housing Recovery. Boom-Era HELOC Resets Raise Concerns. Not to worry.  Home Equity Line of Credit (HELOC) resets are not going to cripple the housing ... Read More »

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