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Market Analysis

The Rent Trap Redux: Why Millennials Can’t Buy

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Though 2015 was dubbed the Year of the Millennial, though the final sales data are not yet in, actual purchases by young first-time buyers disappointed many real estate observers. Between July 2014 and June 2015. first–time buyers declined to 32 percent (33 percent a year ago), which is the second–lowest share since the survey’s inception (1981) and the lowest since ... Read More »

New Study Suggests MLS Sold Prices are Inflated in Down Markets

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  Transaction prices reported by multiple listing services may differ by an average of 8.75 percent from sold prices reported on HUD-1 settlement statements, possibly because brokers are under pressure to inflate prices in a declining market, according to a new study by three real estate economists at Florida Gulf Coast University published last month by the Appraisal Journal. In ... 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 »

QM Rule is a Yawner

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Despite months of turmoil and repeated complaints from lenders, Realtors, builders and other members of the housing lobby, the Consumer Finance Protection Bureau’s Qualified Mortgage Rule enacted in 2014 has not had any significant impact on risk taking and credit availability, according to a new study by the Federal Reserve. Congress passed one of the most comprehensive financial reform laws ... 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 »

No Relief in Sight on Rents

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  The long anticipated slowdown in rent increases from record numbers of new multi-family projects opening for business has yet to materialize as rental demand drove rents to record levels in the first three quarters of 2015, sending the national apartment market soaring to its strongest year in a decade. According to data from Axiometrics, a specialist in apartment market ... Read More »

“Know Before You Owe” Blamed for Sudden Sales Slump

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Existing-home sales dropped off considerably in November to the slowest pace in 19 months, but the National Association of Realtors said some of the decrease was likely due to the “Know before you owe” or the TILA-RESPA Integrated Disclosures rule (TRID), which took effect October 3. The rule requires lenders and service providers to provide binding estimates and final accounting ... 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 »

Will 2016 Bring Rent Relief?

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Stands to reason that if you make too much of something, you’re going to lower its price in the marketplace—basic supply and demand.  But things don’t seem to work that way in apartment business today.  They’ve been cranking out high rises and converting condos in every vacant lot and still rents keep rising.   More apartments, more renters, higher rents. According ... Read More »

Why the Housing Boom is Good for Minority Homeownership

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Fourteen years ago, improving minority homeownership was front burner issue.  In 2002, the Bush Administration even set a goal of expanding the number of minorities who owned their own homes by 5.5 million—approximately the number of existing homes sold in a very good year. The subprime crash and housing depression put a sudden end to that effort.  Minority homeownership plummeted ... Read More »

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