RealEstateEconomyWatch.com Insight and Intelligence on Residential Real Estate
Will the long-awaited sellers’ market be extraordinarily short-lived? An email survey of big market agents found that the pendulum is shifting in favor of buyers. Read More »
Forecasts
CoreLogic Sees Even Higher Prices in September
In its forecast for September year over year home prices, CoreLogic is ignoring predictions for a slowing down of the recovery with the end of the 2013 home buying season and predicts a 12.7 percent price hike in September after reporting August prices reached 12.4 percent. Read More »
Most Americans Think Home Prices Will Rise Next Year
Most Americans think home prices will go up over the next 12 months, especially upper-middle-income households according to a new Bankrate.com report. Read More »
Economists Expect Fed to Cut Asset Purchases Next Year
Businesses economists surveyed by the National Association of Business Economists believe there is an 80 percent probability the Federal Reserve will reduce its purchase of assets next year and 45 percent believe both purchases of Treasurys and mortgage-backed securities will be reduced this year. The Fed’s asset purchase program has been keeping mortgage rates are record lows in recent years. Read More »
Another 8.3 Million Underwater Homeowners on Track to Resurface Before 2015
While 10.7 million residential homeowners nationwide owe at least 25 percent or more on their mortgages than their properties are worth, another 8.3 million homeowners are either slightly underwater or slightly above water, putting them on track to have enough equity to sell sometime in the next 15 months — without resorting to a short sale. Read More »
CoreLogic: Prices to Rise 12.3 Percent in August
| The housing recovery will keep rolling right along through August as price increases continue to score in the double digit range and rise for the 18th straight month, according to CoreLogic’s pending sales index. |
More Consumers Expect Rates to Rise
The share of consumers who believe interest rates will go up over the next year increased another 5 percentage points to 62 percent, the highest level in the three-year history of Fannie Mae’s July 2013 National Housing Survey. Read More »
Experts Raise Forecast for Home Values in 2013
More than 100 forecasters said they expect home values to end 2013 up an average of 6.7 percent year-over-year, according to the latest Zillow Home Price Expectations Survey, a significant jump from the 5.4 percent annual increase predicted the last time the survey was conducted. Read More »
Are July Prices Signaling the New Normal?
While extremes continue in some markets, the national trend in Clear Capital’s July data is moderation as markets at both ends of the spectrum stabilize and return to historic patterns. Has the New Normal arrived? Read More »
CoreLogic: July Prices to Increase 12.5 Percent
July 2013 home prices, including distressed sales, are expected to rise by 12.5 percent on a year-over-year basis from July 2012 and rise by 1.8 percent on a month-over-month basis from June 2013m, the fastest pace since 1977, according to CoreLogic’s Pending HPI released this morning. Read More »