Thursday , 21 August 2014
REEW Launches New Site! - Latest Articles:
Home » Housing Markets

Housing Markets

It’s the Year of the Renter

apartment-search

  Apartment rentals are setting records right and left.  Year-to-date  effective apartment rent growth through July leads all post-Great Recession years for the fourth straight month and is just 10 basis points away from the recovery’s peak YTD figure, reached in 2012. Annualized effective rent growth was 3.8% in July, a 12 bps increase from the 3.7% recorded in June ... 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 »

California Markets Deliver Best Long-term Rental Profits

SF

For small investors looking for long-term profits from rental properties, five California markets top the list, according to a Zillow Rentals analysis. In terms of rental income, tax benefits and accumulated home equity (thanks to rapid home value appreciation), landlords in San Jose, California, make the most money: $8,927 per month, or $107,122 per year over a six year period. Other California markets in ... Read More »

Pets Are Still Homeownership’s Secret Weapon

sad-dog1

      No one knows exactly how many renters become homeowners because—or partly because–they love their dog or cat. Faced the option of losing a loved pooch or biting the bullet and buying, certainly many more choose homeownership to keep a pet than admit it. There’s no doubt that pet unfriendly landlords are partly to blame for the boom in ... 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 »

Rising Prices Push Homes Out of Reach

pyramid2014

  Price increases over the last two years of the recovery are reducing the numbers of households who can afford to buy homes above the lowest pricing tiers, creating a bottom heavy market. At the base of the market for housing is a large number of households with relatively modest incomes. The homes that these households can afford are also ... Read More »

Price Increases Cool Down in the Summertime

dogs-and-summer

Home prices nationwide, including distressed sales, increased 7.5 percent in June 2014 compared to June 2013 and rose 1 percent over May, setting new highs for 12 states.  Despite low rates, investor purchases and tight supplies, prices are expected to slow down to a .07 percent monthly increase in July. A total of 12 states, plus the District of Columbia, ... 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 »

Freddie Mac: Apartments are Booming

Moving_Mess

With vacancy rates at a 13-year low, a large cohort of young adult renters and potential renters and a continued demand for apartments that is expected to meet the new supply of units under construction, the multifamily market is looking extraordinarily strong at mid-year. Freddie Mac’s six month outlook for the multifamily rental housing market is strong despite the fluctuating ... Read More »

Buyers are Tossing in the Towel

Molly Hayden, U.S. Army Garrison Grafenwoehr Public Affairs

  Prospective buyers aren’t even going through the motions of applying for financing as applications for purchase mortgages weakened in May.  Most housing markets remain stalled largely markets moved into their stable range of housing activity according to Freddie Mac’s Multi-Indicator Market Index (MiMi). The national MiMi value stands at -2.64 points indicating a weak housing market overall with only ... Read More »