An analysis by Chris Porter, a senior manager at the John Burns Real Estate Consulting practice, has some frightening findings for the housing industry.  Americans aged 30 to 34 years old in 2012 had the lowest homeownership rate of any similarly aged group before them… yet just five years earlier, in 2007, the same people had the highest homeownership rate … Read More »

  Florida’s housing market reported higher median prices, more new listings, fewer days on the market and the continued stabilization of inventory in December, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 19,497 last month, up 8.6 percent over the December 2012 figure. “Florida’s housing market continues to demonstrate its recovery,” … Read More »

As the year ended, inventories retreated to virtually the same levels as last year, erasing the year-over-year inventory growth and raising questions about the possibility of a return to the market dynamics of last year, which saw inventory shortfalls drive price increases and curb demand. Inventories fell 6.24% in November as the home sales season ended and owners pulled their homes off the market until spring. Read More »

A home’s curb appeal is the first thing buyers notice about a home. That’s why Realtors rated eight exterior projects among the top ten most valuable home improvement projects in the 2014 Remodeling Cost vs. Value Report. Read More »

Fannie Mae’s latest economic outlook for the year is counting on housing to double its contribution to GDP in 2014, largely due to new homebuilding activity. Read More »

As 2013 came to a close, homebuyer demand fell more sharply than the year before. From November to December 2013, the number of Redfin customers taking tours and signing offers fell 14.8 percent and 20.2 percent, respectively. In comparison, tours declined 7.1 percent and offers dropped 16.7 percent in December 2012. Read More »

Nearly half the nation’s states plus the District of Columbia have reached their price peaks from the housing boom or are within 10 percent of doing so, CoreLogic reported today. Read More »

Even though the new year began with list prices 11.1 percent higher than they were a year ago and at least 4.9 million homeowners have been freed from negative equity since 2012, inventories of listings are only 2.7 percent higher on December 30 than they were a year ago. Read More »

Prices on both S&P/Case-Shiller Home Price Indices reached their highest year-over-year gain in nearly eight years in October as they rose 0.2 percent over September. It was the seventeenth consecutive month that both the 10 and 20-city indexes increased on an annual basis. Read More »

After nearly a decade of disaster that reached levels of despair not seen since the Great Depression., the year ending today was more than a turnaround year. Within its short life, it changed housing from a liability to an asset so favorable that it had to power to take the rest of the nation’s economy along for its ride upward, in the eyes of the Bernankes and Obamas. Read More »