December home sales were up from a shaky November, but they could have been better if not for the inventory shortage. Tthe market for existing-home sales underperformed its potential by 2.2 percent or an estimated 129,000 (SAAR) of sales, an improvement from the 6.2 percent underperformance in November The difference is the gap between actual and potential sales, as … Read More »

The real estate economy in the year just past broke records as well as hearts.  As soaring values left homeowners with more equity than they’ve seen in a decade, there’s not much good news in store for thousands of frustrated buyers who couldn’t find a home to buy last year. December’s data from the nation’s leading monthly market reports paint … Read More »

The first analysis of June market data confirms forecasts that sales peaked in the first half of the year and will hold on to make 2016 a moderating, normalizing housing market like those preceding boom, at the turn of the Millennium. Clear Capital forecasted between sales growth at 1% to 3% in January and is sticking a with the same forecast, which … Read More »

  Demand for apartments surged during the second quarter, gaining momentum after a sluggish performance in the first three months of the year and outstripping new units completed during the quarter. The occupied apartment count across the nation’s 100 largest metros increased by 127,402 units in the secone quarter, topping 2015’s second quarter demand volume by 23 percent. Demand surpassed … Read More »

The National Association of Realtors has reduced its outlook for existing sales in 2016 from a 3 percent increase over 2015 (5.45 million sales) to an increase of only 1 to 2 percent (5.30 to 5.40 million sales). The new forecast, three months before the opening of the home sales season, amends an early one made at NAR’s annual meeting … Read More »

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 »

  The number of homes nationwide losing value on a monthly basis has more than tripled over the past year while the number of appreciating homes has fallen more than 12 percent, Allan Weiss, CEO of Weiss Residential Research reported today. Depreciating homes increased from 7.60 percent to 23.40 percent while the number of appreciating homes has fallen from 65.20 … Read More »

  With annualized sales and price appreciation reports blowing away the early forecasts for 2015 and putting smiles on the faces of professionals and real estate consumers alike, is there reason to worry that there’s a major downturn lurking around the corner? Clear Capital’s vice president of research and analytics Alex Villacorta, a fearless contrarian who called Florida’s investor-driven recovery … Read More »

By combining industry data, proprietary company transactional data and publicly available Google Trends data, Auction.com has launched a new report called “Nowcast” to predict home sales as they are occurring. Findings from the first Auction.com Nowcast predict that existing home sales in October will fall between seasonally adjusted averages of 4.967 and 5.380 million annual sales, with a targeted prediction … Read More »

    Appreciation in home values is slowing definitively after nearly two years of accelerating year-over-year growth, according to the third quarter Zillow® Real Estate Market Reports. Homebuyers who have been priced out of hot markets will welcome the cooling off. The rate of annual home-value appreciation peaked at 8.1 percent in April and has fallen in every month since. … Read More »