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Market Trends

All You Need to Know to Master Market Literacy

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  Perhaps the most valuable lesson that real estate consumers learned from the housing crash was that home values can fall as well as rise.  More than seven million families lost their homes to foreclosures and short sales; a brutal wake-up calls that though homeownership is safer than most investments it still involves risk.  Today’s buyers are very aware that ... Read More »

Economists say Shortages, not Economic Growth, are Driving Home Prices

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  Tight inventories of homes for sale rather than economic factors, like rising income levels  or low interest rates, are driving higher than expected increases in home prices.  Yet recent low interest rates are not creating an unsustainable increase in home values, concluded the more than 100 housing economists and experts participating in the latest quarterly Zillow Home Price Expectations ... Read More »

Chinese Residential Purchases Soar

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Chinese nationals are the biggest foreign buyers of American homes, purchasing homes valued at $93 billion in the past five years, including $28.6 billion in 2015 alone according a new report released today by Asia Society and the Rosen Consulting Group. Chinese buyers spent at least $93 billion on residential real estate between 2010 and 2015. Spending rose at an ... 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 »

Tear Downs Are on a Tear

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Soaring home prices, shrinking inventories of homes for sale and a dearth of available lots for new home construction, especially in urban and close-in suburban locations, are creating a bull market for tear downs across the nation. Approximately 7.7% of single-family home starts in 2015 were attributable to tear-down related construction, according to the latest estimates from National Association of ... Read More »

How do Databases of Offenders Hurt Home Values?

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  It’s no secret that high levels of crime make neighborhoods less desirable, which negatively impacts home values.  For example, last year 10 percent of sellers said the primary reason they sold their home was that their neighborhood has become less desirable. With access to online databases of both criminal and sex offenders in recent years, buyers can easily check ... 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 »

CoreLogic: Affordability, Not Income, is Driving Millennial Purchases

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A new analysis by CoreLogic sheds new light on where Millennials—now the largest age cohort in residential real estate—are choosing to buy over renting suggest that the amount that millennials make is not as much of a factor as the affordability of the housing market. CoreLogic analyzed over 70 metrics associated with mortgage purchases by millennials across the nation over ... Read More »

Will Rental Housing, not Homeownership, be the Big Winner?

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  As household formation strengthens and returns to previous levels over the next ten years, a new report from the Demand Institute projects that demand for rental housing will continue to lead the way and the home ownership rate is unlikely to revert to previous highs seen during the housing boom in the early 2000s. According to the report, while ... Read More »

Local Market Conditions Shape How Interest Rates Impact Prices

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  Local market conditions raging from supply and demand to local population growth have a substantial impact on how federal monetary policy affects home prices, according to new study to be published in the Journal of Housing Economics next month. Motivated by the fact that the period of house price inflation prior to the economic downturn in 2008-9 was characterized ... Read More »

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