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Market Analysis

Sellers Scale New Heights

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In March, sellers sold their homes for the highest average gain in price since December, 2007, the eve of the housing crash, according to a new report from RealtyTrac. This new peak is one of the most convincing achievements to date demonstrating how the housing recovery has turned around the fortunes of homeowners who suffered through nearly a decade of ... Read More »

Investors are Back Despite Higher Acquisition Costs

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Last year investor purchases rose for the first time in four years despite soaring prices paid by investors to acquire properties for flipping or converting into single family rentals. Investment-home sales in 2015 jumped 7.0 percent to an estimated 1.09 million from 1.02 million in 2014. The median investment-home sales price was $143,500, up 15.3 percent from $124,500 a year ... Read More »

HUD: FHA Sellers and Landlords Can’t Discriminate Against Criminals

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The Department of Housing and Urban Development, or HUD, released guidance on Monday for landlords and sellers on consideration of criminal records in housing, making it clear that blanket bans on renting or selling to anyone with a criminal record constitute illegal discrimination in violation of the Fair Housing Act. Instead, housing providers must have a policy that looks at ... Read More »

Lower Priced Homes lag in equity and sales growth

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Equity growth among lower priced homes is falling behind more expensive segments as sales performance for more affordable homes declined on a quarterly basis. Black Knight reported today that though negative equity rates continue to improve on the national level, the recovery is decidedly imbalanced regarding both home price levels and geography.  Borrowers whose homes are in the lowest tier ... Read More »

Boomerang Buyers are Back Big Time

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Nearly half of all homeowners who lost their homes to foreclosure during the housing bust own their own homes again and most have a mortgage. just nine years after home prices bottomed in 2007. A new report from the Urban Institute that compares credit profiles of renters and owners found nine million (7.1 percent) of all adult consumers with a ... Read More »

Where Have All the Sellers Gone?

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It looks like we are headed for the third season in a row when shortages of homes for sale will drive prices up too high for first-time buyers, keep renters renting and make it tough for move-up buyers from to move up.  Where have all the sellers gone? NAR’s chief economist, Lawrence Yun, chooses his words carefully and is careful ... Read More »

New Vs Old—Who’s Responsible for the Inventory Shortage?

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  Who’s responsible for the inventory shortage? Does the blame lay with owners of existing homes are aren’t motivated enough to sell or with builders who simply building enough to meet demand? As the days count down to the opening of the spring sales season, inventories are lagging behind last year—which lagged behind 2014.  The result has been upward pressure ... Read More »

Florida Prices Zoom as Markets Recover

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  Florida markets are dominating national price rankings this winter as demand remains strong for properties still priced far below their 2007 peaks. Florida and New York led gains among the states with 0.8 percent month-over-month appreciation I the Black Knight HPI December index and Florida accounted for every one of the top 10 best performing metro areas in December, ... Read More »

Falling Expectations for 2016 Depress Housing Confidence

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  Americans’ overall confidence in the U.S. housing market has declined from a year ago, according to the January 2016 Zillow Housing Confidence Index, driven lower by diminished expectations of the market’s future. The overall U.S. Housing Confidence Index fell to 66.9 in January from 67.4 a year ago according to the Zillow Housing Confidence Index, sponsored by Zillow and ... Read More »

Fewer than Half of Homeowners Expect Their Equity to Increase in 2016

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While three in five homeowners with a mortgage (60.2%) report that the equity in their homes has increased since 2013, including most of those who bought before prices bottomed out in 2009 (57.5%), less than half (46.2%) of homeowners expect their equity to increase in 2016. Those expecting an increase anticipate their equity will rise an average of 8.8 percent, ... Read More »

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