According to this HousingWire story, a good portion of the nation’s homebuyers fall into one of two camps: first-time buyers with low-interest FHA loans, and investors looking for single-family homes to rent. The battleground: the $225K to … [Read more...]
For homebuilders, multifamily is the future… and the present
The New York Times has an interesting piece on how the boom in rentals has led to a boom in rental construction. Multifamily construction nationwide is two-thirds of the way back to its prerecession peak, while single-family home construction is … [Read more...]
Unrealistically Low Appraisal Values in Up Markets a Problem
Each month, the National Association of REALTORS® obtains up-to-date and on-the-ground incisive comments from REALTORS® who participate in the REALTORS® Confidence Index (RCI) survey. The RCI survey tracks expectations about overall market … [Read more...]
Was 2012 a Better Year for Real Estate Than 2011?
There are still those questioning whether the housing market is truly making a comeback. We have decided to graph home sales over the last two years based on the National Association of Realtor‘s Pending Home Sales Report. We believe the graph … [Read more...]
Diffusion Index of Foot Traffic
Every month SentriLock, LLC. provides NAR Research with data on the number of showings. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the … [Read more...]
House Prices: Where Are They Headed This Winter?
In a blog post last month, we projected that home values might actually begin to soften on a month-over-month basis throughout the winter. There are other expert analysts that are also notifying their readership of this possibility. Calculated Risk, … [Read more...]
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