Friday , 19 September 2014
REEW Launches New Site! - Latest Articles:
Home » Housing Forecasts » Forecasts

Forecasts

Price Increases Stay Strong Through July, Forecasted to Diminish

Falling-home-prices2

Home prices nationwide increased 7.4 percent in July compared to July 2013 but next year at this time, year over year increases will fall to 5.7 percent, CoreLogic forecasted today. On a month-over-month basis, home prices nationwide, including distressed sales, increased 1.2 percent in July 2014 compared to June 2014. However the CoreLogic HPI Forecast indicates that home prices, are ... Read More »

Clear Capital: Welcome Back to 2004

Bush-vs-Kerry

  National home prices have been nominally unchanged for a lost decade and we’re back to 2004 levels without even accounting for inflation, leaving many homeowners with no more equity than when they bought.  That’s the grim assessment by Clear Capitol in its September market report. If national home price growth continues to diminish, the lost decade will drag out. August home price ... Read More »

Economists in Reuters Poll See Stronger Sales, Weaker Prices in 2015

crystal-ball-ljxmtsnc

The annual pace of existing home sales will likely rise to 5.25 million units in the first three months of 2015 from 5.09 million in the current quarter, according to a Reuters poll of economists But prices next year will be weaker than this year. The S&P/Case-Shiller gauge of property values in 20 metropolitan areas was seen rising just 5.0 ... Read More »

Case-Shiller Still Stuck

mud-stuck-cars_tmb

  The June Case-Shiller consensus reports an 8.4% year-over-year increase in the Composite 20 index but the Zillow forecast is for the Composite 20 to slow the increase 8.1% year-over-year, and for prices to be unchanged month-to-month. Zillow’s forecast for Case-Shiller’s July 2014 data cuts the non-seasonally adjusted 20-City Composite Home Price Index increase to 7.0 percent and the 10-City ... Read More »

Fannie Sees Sales Plunging as Prices Rise

imagesFC7DYZP5

  Fannie Mae’s economists downgraded their outlook for 2014 sales following the disappointing housing activity seen during the first half of the year but remained bullish on the housing market’s ability to consolidate it price gains this year. According to the forecast in Fannie’s August Housing Forecast, home sales will fall 3.2 percent below last year’s level of 5,519,000 units ... Read More »

Housing Recovery Hits the Brakes Across America

reduced

    Home price increases that were generated in the heady days of spring are drying up quickly in the summer months, increasing the chances that the year will end with the housing recovery’s performance far short of last year’s stellar performance and possibly in the red in more marginal markets than last year. The national median existing single-family home ... Read More »

Hello Moderation, Bye Distress Sales

detroit-after-60-years-of-progressives1_24002ccd70b487147e1ef774ae48b70d

As a percent of all sales, distressed sales fell to 18 percent in July from their peak of 40.8 percent in March of 2011. The major shift in home sale type, from distressed to fair market, will continue to impact future growth potential for markets overall, reports Clear Capital’s July Market Report. Does that mean home price gains will continue ... Read More »

Experts’ Crystal Ball Sees 4.6 Percent Gain

crysatl2

A survey of 104 economists, real estate experts and investment and market strategists predicted the U.S. Zillow Home Value Index would rise 4.6 percent year-over-year by the end of 2014, to $177,895, and expected the pace to slow in each of the next four years. The most optimistic group of panelists predicted a 5.6 percent annual increase in home values ... Read More »

Stubborn Negative Equity Delays National Price Rebound

underwater

Too many homeowners are still underwater on their mortgages for home values in half of the nation’s 100 largest metro areas to reach their pre-recession peak levels  within the next  three-plus years, according to the second quarter Zillow Real Estate Market Reports Nationally, home values remain 11.3 percent below their 2007 peak. Looking ahead, U.S. home values are expected to ... Read More »

Zillow: Don’t Buy a Home in Hartford!

Poor-Copy

The folks in Conecticut will be unpleasantly surprised to learn they beat out Vegas and Miami as the riskiest market to buy a home. Zillow set out to look at the markets where housing prices have declined the most over the past 35 years  and chained the Zillow Home Value Index (ZHVI) backward in time to 1979 Q4 using the ... Read More »