Tuesday , 30 August 2016
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Market Analysis

Low Appraisals are BAAAAACK

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  Three things you can take to the bank: Politicians will bend with the wind, Property taxes will never decline, and Rising home prices will increase low appraisals. It’s no surprise that complaints that appraisals are once again killing too many sales are once again on the rise this summer.  Through June, home prices nationwide, including distressed sales, increased year ... Read More »

Stormy Weather Hits Home Sales

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Is it just the end of the buying season or are home sales hitting a wall? A growing consensus of economists foresees a flattening in sales growth—or even year-over-year declines in the months to come–for the balance of the year and even into next year.  Sales may have reached a ceiling for the season. A combination of rising prices, slow ... Read More »

Retirees Still Still Struggle with Mortgage Payments

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A new Freddie Mac study of older Americans over 55 finds that more than a third still have a mortgage—36 percent–, and a majority of those with a mortgage have more than ten years left until their loan is paid off.  In many ways , the Freddie Mac survey that was released last month, “Fun After Fifty”,  found that the ... Read More »

Major Market Rents Decline as Apartment Construction Boom Arrives

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Apartment rental rates are declining so much in several of the nation’s hottest major real estate markets that the national annual effective rent growth rate fell to 3.1 percent in July, which recorded the lowest rate since 2.8 percent in July 2014, according to the latest report from Axiometrics. Leading the declines were: Houston, whose -2.2% annual effective rent growth ... Read More »

Are Homeowners Selling More Frequently?

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  Prior to the Great Recession and home-price crash, the typical length of ownership had been fairly stable, but after 2008 the length of time that owners have kept their home lengthened. And the trend is consistent whether looking at how long recent sellers had owned their home, or looking at how long current homeowners have been in their home. ... Read More »

Housing Experts Foresee Migration to the Midwest

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Job growth and better housing values in America’s heartland will reverse the movement of families to the coasts in recent years and generate population growth in Midwestern markets which have declinded in recent years. Over half of experts surveyed in the latest quarterly Zillow Home Price Expectations (ZHPE) Survey said they don’t expect migration to the coasts to continue indefinitely. ... Read More »

Mortgage Fees Rise Slowly

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Despite the increased costs of complying with new disclosure rules that took effect October requiring lenders to provide estimates for closing costs at the time borrowers apply, fees charged by lenders rose less than 2 percent last year. Mortgage fees went up only slightly this year, an exclusive Bankrate.com survey finds, even as lenders complain that new federal regulations have ... Read More »

Voters Split on Housing Issues

Romney Accepts Party Nomination At The Republican National Convention

The conventions are over and both nominees have laid out their agendas but neither has yet to capture the housing vote.   A new survey by the national Association of Home Builders taken July 22-24 during the Republican convention was evenly split on which presidential candidate would be best for housing. Thirty-eight percent of the respondents cited Hillary Clinton, 37 ... Read More »

Summer Sales Slow as 2016 Heads for ‘Moderation”

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The first analysis of June market data confirms forecasts that sales peaked in the first half of the year and will hold on to make 2016 a moderating, normalizing housing market like those preceding boom, at the turn of the Millennium. Clear Capital forecasted between sales growth at 1% to 3% in January and is sticking a with the same forecast, which ... Read More »

Rental Cost Crisis Worsens as Ownership Improves

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The percentage of renters paying more than 30 percent of their income on housing costs is increasing while cost-burned homeowners are decreasing, according to the 2014 State of the Nation’s Housing report released yesterday by the Harvard Joint Center for Housing Studies. On the owner side, the number of households facing cost burdens has fallen steadily as high foreclosure rates ... Read More »

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