Sunday , 28 August 2016
Home » Housing Markets » Market Trends

Market Trends

Stormy Weather Hits Home Sales

shutterstock_293057072

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 »

Major Market Rents Decline as Apartment Construction Boom Arrives

shutterstock_127739651

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 »

Apartment Demand Surged in Second Quarter

apart article

  Demand for apartments surged during the second quarter, gaining momentum after a sluggish performance in the first three months of the year and outstripping new units completed during the quarter. The occupied apartment count across the nation’s 100 largest metros increased by 127,402 units in the secone quarter, topping 2015’s second quarter demand volume by 23 percent. Demand surpassed ... Read More »

All You Need to Know to Master Market Literacy

shutterstock_411295921

  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

shutterstock_421944781

  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

shutterstock_198470849

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

trustme

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

shutterstock_130605212

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?

shutterstock_258602471

  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

Florida-two

  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 »

Earn a 25% Commission Rebate on Any Home Purchase!

Hide