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Market Trends

Today’s Teenagers Will Rock Real Estate


Sea changes are in store for residential real estate ten years from now.  Millions of new households will lift rental and starter home markets, half of the new families will be minorities and their ability to access mortgage finance will determine whether they own or rent. Those are some of the headlines from the Harvard’s Joint Center for Housing Studies’ … Read More »

Mixed Signals: Improving Economy is Not Helping Housing


  Most housing markets remain weak despite declining mortgage delinquencies, improving local employment, house price gains and attractive mortgage rates due to weak home purchase mortgage applications. The latest data from Freddie Mac’s Multi-Indicator Market Index(SM) (MiMi(SM)) showing mixed signals for the U.S. housing market: The national MiMi value stands at -3.01 points indicating a weak housing market overall with … Read More »

Homeownership is Movin’ on Up


Rising prices, shortages of entry level homes and a lackluster economy are combining forces to change the face of homeownership.  The result is a sea change in the median prices of home purchases and a growing gap in the financial profiles of those who can afford to own a home and those who will live their lives as renters.  These … Read More »

Sales Surge, Still Trail Last Year


Existing-home sales rose strongly in May as did new home sales, which rose in May by greatest monthly increase in 22 years.  Yet sales still trailed the torrid sales pace of a year ago. Total existing-home sales rose 4.9 percent to a seasonally adjusted annual rate of 4.89 million in May from an upwardly-revised 4.66 million in April, but remain … Read More »

Equity Poverty Keeps Inventories Begging


Steady price increases driven by another season of inventory shortages has convinced a record number of consumers that now is a good time to sell a house.  Unfortunately, millions of homeowners are missing the opportunity. A new Rasmussen Reports national telephone survey finds that 44pecent of American adults say it’s a good time for someone in their area to be … Read More »

Freddie Mac: Housing Weaker than Projected


  Though home purchase applications have picked up with onset of the spring season, they’re still currently 13 percent below last year. As a result, last week Freddie Mac’s economists lowered their overall homes sales forecast from 5.5 million to 5.4 million. Low for-sale inventory is helping to sustain house price and rent gains but at the expense of affordability … Read More »

Zillow: Coming Soon to an MLS Near You

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  Zillow’s “Coming Soon” program raises important questions about potential role of  ”pre-listings” in MLS marketplaces and whether economists should use them to track prices and inventories. Zillow now is posting properties that are “not yet on the market, but expect to be listed for sale within 30 days” so that buyers can “identify homes that will be listed for … Read More »

Will Locked-in Owners be Locked Out of the Market?


Put five of the nation’s top housing economists together on a panel and it’s unlikely they will agree on the big issues facing residential real estate, but at a June 12 panel at this year’s spring conference of the National Association of Real Estate Editors in Houston, they did.  Unfortunately, their consensus was not good news for anyone who makes … Read More »

CoreLogic: Prices to Rise Deep into 2015


Home prices are projected to increase 1.0 percent every month from until May 2014, reaching an 6.3 percent year-over-year increase (+/- 1.5 percent) from April 2014 to April 2015, according to the latest forecast by the CoreLogic Home Price Index. excluding distressed sales like foreclosures and short sales,  prices are expected to rise between 0.8 percent month over month and … Read More »

Homeowners Get Whole Faster When the Water is Deeper

Couples performing underwater at Weeki Wachee Springs near Brooksville

One of the best measures of the housing recovery is the steady progress than is being made in markets across the country to return home values to their peak values seven or eight years ago.  While sales sag despite retreating interest rates and inventories provide just enough listings to prevent last year’s price eruption, homeowners are leaving negative equity and … Read More »

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