Thursday , 11 February 2016
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Market Trends

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 »

Higher Prices Chill Buyers

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In the cold light of winter. concerns about affordability are cooling potential buyers, according to the latest Sentiment Index from Fannie Mae. Fevers consumers believe this is a “Good Time to Buy”; figures trended down for the year in 2015 and declined an additional 4 percentage points in January. The share of consumers who reported that their income was significantly ... Read More »

Will Sellers Step up the Plate in 2016?

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    “It is important to recognize that 2016 is shaping up to be the best year in recent memory to sell. Supply remains very tight, so inventory is moving faster. Given the forecast that price appreciation will slow in 2016 to a more normal rate of growth, delaying will not produce substantially higher values, and will also see higher ... Read More »

No Relief in Sight on Rents

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  The long anticipated slowdown in rent increases from record numbers of new multi-family projects opening for business has yet to materialize as rental demand drove rents to record levels in the first three quarters of 2015, sending the national apartment market soaring to its strongest year in a decade. According to data from Axiometrics, a specialist in apartment market ... Read More »

“Know Before You Owe” Blamed for Sudden Sales Slump

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Existing-home sales dropped off considerably in November to the slowest pace in 19 months, but the National Association of Realtors said some of the decrease was likely due to the “Know before you owe” or the TILA-RESPA Integrated Disclosures rule (TRID), which took effect October 3. The rule requires lenders and service providers to provide binding estimates and final accounting ... Read More »

Recovery Will Slow in 2016 as Fewer Homes Gain Value

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    The number of homes nationwide gaining value on a monthly basis are expected to fall by 12 percent over the next 10 months as the housing recovery slows. Just over half, 51.3 percent, of America’s homes will continue to appreciate by October 2016, according to forecasts by Weiss Analytics. The percentage of homes losing value nationwide are expected ... Read More »

Why the Housing Boom is Good for Minority Homeownership

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Fourteen years ago, improving minority homeownership was front burner issue.  In 2002, the Bush Administration even set a goal of expanding the number of minorities who owned their own homes by 5.5 million—approximately the number of existing homes sold in a very good year. The subprime crash and housing depression put a sudden end to that effort.  Minority homeownership plummeted ... Read More »

Luxury Dips While Mid-tier Zips

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Call it poetic justice.  While median home prices continue their upward climb, in the third quarter luxury prices stumbled and fell for the first time in over three years.  Redfin reported prices of luxury homes fell 2.2% on a yearly basis, while prices for the rest of the market rose 3.8 percent in the same period.  (Luxury homes are defined ... Read More »

Northeast, Midwest Markets Warm up as Year Winds Down

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Outside it may be cold and snowy with early storms, but housing prices are warning up in some of the most stunningly negative Midwestern and Northeastern markets, according to Clear Capital’s November market report. Regionally the West still leads the appreciation parade, with quarterly increases of 1.2 percent and annualized price growth at 7.5 percent.  But the Northeast and Midwest ... Read More »

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