Tuesday , 21 February 2017
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Market Trends

Bad Signs for Sales?

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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

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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 »

Imprev Thought Leader Study Shows Softer Confidence in 2017 Housing Market

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Top real estate executives’ confidence in the U.S. economy and housing market for 2017 has softened compared to two years ago, and 42 percent have grown less confident in the world economy since January, according to the latest Imprev Thought Leader Real Estate Confidence study. Respondents included nearly 240 broker-owners and top executives at leading franchises and independent brokerage firms, ... Read More »

Experts Forecast Prices Will Cool Off in 2017

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Home price increases will slow next year from this year’s above average pace of 4.75 percent, and in November 2017, values will reach the median price peak set a decade ago, in April 2007, according to the latest quarterly Zillow® Home Price Expectations (ZHPE) Survey sponsored by Zillow and conducted by Pulsenomics LLC. Estimates based on the survey of 111 ... Read More »

Are Trophy Homes Losing their Lustre?

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With pressure on the homebuilding industry to build fewer trophy homes and concentrate on filling the demand for affordable housing, the data does not bode well for builders. Median prices of new homes have risen steadily during the recession. In September, the median sold price of a new home hit $313,500, 5.5 percent higher than last year’s median of $296,400 ... Read More »

Unmasking the Millennials

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Zillow’s new Zillow Group Report on Consumer Housing Trends, authored by Stan Humphries, Chief Analytics Officer and Chief Economist, is a remarkably valuable 21st Century addition to the body of research profiling the changing face of residential real estate. Its many jewels of new or intuitive findings regarding the mysterious Millennials, the generation that so far has defied expectations, are ... Read More »

Americans Move Less and Impact the Economy

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The median tenure homeowners plan to stay in their homes soared with the housing recession in 2008 for good reasons. Millions of owners were underwater and millions more lacked the 20 percent equity need to sell their home.  Many facing the need to move for job or space reasons found it easier to move and keep their old home to ... Read More »

Rents Cooled in the Third Quarter

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Record levels of new multi-family construction are meeting demand in the nation’s hottest market, cutting in half the pace of rent increases nationwide and driving down median rents in more markets during the third quarter, according to rental analytics firm Axiometrics. Nationally, rents rose only 3% for the third quarter of 2016, more than 2 percentage points below the robust ... Read More »

Summer Ends with Crippling Inventory Shortages

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August brought even worse news for first-time and move-up buyer as chronic inventory shortages grow even, inflating home prices even more.  A double whammy of unaffordable prices and shrinking selections of homes for sale continue to handcuff the housing recovery. “Hopes of a meaningful sales breakthrough as a result of this summer’s historically low mortgage rates failed to materialize because ... Read More »

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