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Market Trends

Tight Credit Slows Hispanic Homeownership


  Lack of reasonably priced low down payment programs and tighter mortgage credit in general limited the growth of Hispanic homeownership in 2014, according to the 2014 State of Hispanic Homeownership Report issued today by the National Associations of Hispanic Real Estate Professionals. However, population growth, income trends and consumer attitudes continue to support a highly optimistic outlook for Hispanic ... Read More »

Bank of Mom and Dad Puts Kids in Houses


  New research by loanDepot LLC indicates the number of parents who expect to help their Millennial-age children purchase a home in the future will increase by 31 percent compared to the past five years, from 13 to 17 percent. Half (50%) of the parents who will help their children buy a home say they’ll contribute toward down payments, while ... Read More »

RE/MAX: Low Inventories + Stronger Sales = Higher Prices


  Low inventories combined with higher sales in February resulted in a year over year price increase of 5.5 percent, according to the February RE/MAX National Housing Report. Unlike last February, this February experienced increased home sales, but with only a moderate rise in prices. Home sales in February rose 7.1% from January and 2.2% from February 2014. Sales through ... Read More »

Mortgages Rise Faster than Prices

© Koobooki | - Money Pit Photo

If you want proof that more and more middle and lower income Americans are being left behind by the housing recovery, look no farther than the latest Mortgage Bankers Association report on purchase loans. Loan sizes for purchase mortgage applications are now increasing faster than house prices. The MBA’s Weekly Application Survey for the week ending March 6, 2015 reported ... Read More »

Appraisals Dip Below Homeowner Estimates For First Time in 17 Months


Appraiser opinions of home values fell below homeowner estimates by 0.13 percent in February for the first time since August 2013 according to Quicken Loans’ Home Price Perception Index (HPPI), which measures the difference between what owners think their homes should be worth and what appraisers decide they actually are worth. Despite the drop in the national HPPI, appraiser opinions ... Read More »

CoreLogic Kicks off 2015 in Style

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CoreLogic reports shows that home prices nationwide increased 5.7 percent in January 2015 compared to January 2014. This change represents 35 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide increased by 1.1 percent in January 2015 compared to December 2014*.  Some 27 states and the District of Columbia are at or within 10 ... Read More »

Case Shiller: Maybe They Just Don’t Like December


Which of the following statements were made today by Standard & Poor’s David Blitzer about the December Case Shiller price indices? “Gains are slowing from month-to-month and the strongest part of the recovery in home values may be over. Year-over-year values for the two monthly Composites weakened and the quarterly National Index barely improved. The seasonally adjusted data also exhibit ... Read More »

Tight Inventories Propel Prices


  Supplies of listed homes in REMAX’s database lit a fuse under January prices, sending pricing soaring 11.2 percent over a year ago.  Inventories were down 10.2 percent and months’ supply fell to 5.2, pushing the 6.0 boundary where markets are out of balance. The dramatic drop in listings tracked by REMAX echoed findings by NAR, and Zillow that ... Read More »

Winter Inventories Plant Seeds for Spring Surprises

winter for sale

Behind the headlines proclaiming heather inventory levels, there are good reasons to be concerned that tight inventoiers today might presage price explosions tomorrow, especially in two areas where the real estate economy is vulneratble to bubbles:  hot regions that led demand and price increases last year and lower tiered entry level homes popular with new home buyers. On a national ... Read More »

What’s Happening to the Most Important Homes in Real Estate?

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  What’s really happening with homes in the bottom price tiers? These are the most important homes in the entire real estate economy.  They are where the housing ladder begins: they are then entry point for new buyers, the starter homes that MUST be available and affordable for Millennials if the housing economy is to ever function again as it ... Read More »

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