Thursday , 8 October 2015
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Market Analysis

Student Debt Is a Bigger Barrier to Homeownership than ever


Student loan debt continues to grow as an obstacle in a consumer’s ability to buy a home, as 57 percent of 2015 respondents who acknowledge having student loans said this debt was either “very much” or “somewhat” of an obstacle, compared to 49 percent of 2014 respondents, according to the third annual America at Home survey from NeighborWorks America. The survey ... Read More »

Forecasted Values in 17 Top Markets on Weiss Maps


Want to know what home values in your market will probably look like next July? Here are 17 digital maps from the 100 million house database created by Allan Weiss, former CEO of Case Shiller Weiss.  Each house is a repeat sales index, which enables each index to anticipate values accurately up to 12 months in the future. The colors ... Read More »

Home Prices: The Tilting of America


  The chart below from Case-Shiller’s release today of its July data says it all.  Prices now are shifting a lot on a monthly basis.  The range between appreciating and depreciating markets seems to be growing and no longer do the “sand” states, judicial foreclosure states or foreclosure states or cities with the best economies and most jobs. Rather, with ... Read More »

Boomers Creating Massive Boom in Retrofitting Homes


With 78 million baby boomers entering or on the verge of retirement, a concerted national effort is required to adapt homes and communities for the 73 percent of seniors who prefer to age in place, according to a new report released yesterday by the Bipartisan Policy Center (BPC). The preference to grow older in one’s own home and community stems ... Read More »

Move up Buyers Move the Housing Markets


Purchases by current homeowners helped bolster home prices in August, according to results from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. “Current homeowner purchases are supporting the housing market,” said Tom Popik, research director for Campbell Surveys. “Metrics such as the sales-to-list price ratio show a strong housing market, particularly in western states. Nonetheless, forward-looking commentary from real estate ... Read More »

Is the Lack of Credit Crippling Local Housing Recoveries?


A new report from Pro Teck Valuation Services’ Home Value Forecast suggests that the availability of credit in local markers influences local housing recoveries and accounts for dramatic differences in home prices. HVF looked at regular average sold prices versus total mortgage trends in San Francisco and Detroit and found that in San Francisco, buyers have averaged 20+% down over ... Read More »

Do Millennial Buyers Really Prefer the City?


A study by Federal Reserve economists Elora Raymond and Jessica Dill found that it’s true that first-time homebuyers prefer to buy in the city.  They tend to live closer city centers than existing homeowners who are burying a new home.  First-timers buy within an average of 5.8 to 5.9 miles from city centers whereas existing owners prefer 6 to y25 ... Read More »

More homes are losing value


  The number of homes nationwide losing value on a monthly basis has more than tripled over the past year while the number of appreciating homes has fallen more than 12 percent, Allan Weiss, CEO of Weiss Residential Research reported today. Depreciating homes increased from 7.60 percent to 23.40 percent while the number of appreciating homes has fallen from 65.20 ... Read More »

In 10 Years, 13 Million Households will spend half their income on rent


The crisis in housing affordability will only get worse in the deceased to come, according to new research by the Joint Center for Housing Studies at Harvard and Enterprise Community Partners Inc (Enterprise).  The number of households spending more than 50 percent of their income on rent is expected to rise at least 11 percent from 11.8 million to 13.1 million by ... Read More »

Trulia: Commuting and Utilities Squeeze Homeowners

"Work by Chris Brown (7211166)" by zoonabar - Licensed under CC BY-SA 3.0 via Wikimedia Commons -

While most buyers focus on the big costs of owning–down payment, mortgage payments and maintenance—for many owners the factors that push them over the tipping point are the small costs that add up.  A new analysis by Trulia’s Ralph McLaughlin found that utilities and commuting costs play a bigger role that most people think in separating affordable from not-so-affordable places ... Read More »

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