Tuesday , 25 July 2017

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Market Trends

Tear-downs Rise 7.7 Percent

  Last year more that one out of ten new homes built in America was a tear-down, a 7.7 percent increase over 2015, according to the latest estimates from the National Association of Home Builders. Some 10.2 of all new home starts were tear-downs in 2016, which translates into an estimated 79,300 single-family tear-down starts—up significantly from the 55,200 in ... Read More »

Depleted Inventories Seen Cutting Home Sales This Year

The supply of homes for sale this spring is so depleted that one of the nation’s valuation firms predicts that the inventory drought will reduce total home sales this year as shortages drive up prices and buyers fail to find properties they can afford, according to the latest analysis from Pro Teck Valuation’s Home Value Forecast. “The lack of inventory ... Read More »

March Sales: New Listings Were Off to the Races

March buyers blew the roof off housing markets as they heeded warnings about the limited supplies of home for sale and found houses in record time.  National monthly market reports on March transactions chronicled surge of sales as the spring season kicked off and tens of thousands of new listings turned over in a matter of days. “We expected a ... Read More »

Truth from Trulia: The Unrecovered Housing Economy

Donald Trump’s rise through the GOP primaries and a surprise victory in November unmasked a deep and widespread angst over the quality of nation’s economic recovery. While national numbers on job growth and income levels have looked encouraging to national journalists and Washington-centric politicians, from the perspective of corner cafes and assembly line floors in heartland states, the picture has ... Read More »

Single Family Rental Update: Are Landlords Selling?

During the Foreclosure Flood, four to six million foreclosures—about as many homes as are sold nationally every year—switched from ownership to rental, bringing the total of single family rentals to about 14 million, more than ever recorded. The boom in single-family rentals has left an indelible mark on the nation’s housing economy.  The loss of these properties, most of the ... Read More »

January Market Reports: Inventories are Down to the Wire

January is the month when real estate markets traditionally take a breather to restock their shelves for the spring season. In the final quarter of 2016 record demand powered by concern over interest rates and rising prices encouraged buyers to clear the shelves of depleted supplies and strong sales continued into the new year. An analysis of the January market ... Read More »

January Home Sales: Don’t Break out the Bubbly

  The good news about January home sales is that the year over year rate reached the highest they reached an all-time high, an annualized total that was a little bit higher than it was last November. The bad news is that the serious problems facing the residential real estate economy grew even more serious during the slowest month of ... Read More »

Bad Signs for Sales?

Will 2016 be remembered as the peak of the recovery?  It was the best year for sales in more than a decade.  Will sales take a break in 2017, a victim of political uncertainty, rising rates and prices that are outpacing incomes? Even worse, will 2017 herald a multi-year downtrend in sales? Last year, existing-home sales finished 2016 at 5.45 ... Read More »

The Return of the Prodigal Single Family Rentals

It’s no secret that inadequate inventories have been stunting the housing recovery.  Through November, total housing inventory has fallen year-over-year for 18 straight months and supplies are now 11.4 percent lower than they were two years ago.[1] As inventories decline, rising income, improved employment, and historically low mortgage rates have given demand a shot in the arm.  Sales in November ... Read More »

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