Housing Markets

Pending Homes Sales Remain Sluggish

Posted by Michael Bates on September 01, 2017

Pending homes sales fell in July for the fourth time in five months, as only the West saw an increase in contract activity, according to the National Association of Realtors. NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator based [Read More]

First-Time Home Purchases at Highest Mark in Almost 20 Years

Posted by Michael Bates on August 30, 2017

During the second quarter, first-timers accounted for 57% of all purchase mortgages originated.

S&P CoreLogic Case-Shiller Index at All-Time High

Posted by Michael Bates on August 30, 2017

S&P Dow Jones Indices has released the latest results for the S&P CoreLogic Case-Shiller Indices, which shows that in June 2017, home prices continued their rise across the country. The index, which covers all nine U.S. census divisions, reported a [Read More]

Lack of Housing Supply Still Creating Downward Pressure

Posted by Michael Bates on August 25, 2017

First American’s proprietary Potential Home Sales model for the month of July 2017 shows that a lack of supply “continues to be the main story of the 2017 housing market.” “Just a few months ago, the difference between the actual [Read More]

Many Metros’ Home Values Surpassing Bubble-Era Peaks

Posted by Michael Bates on August 25, 2017

Home values are setting new records in about half of the country’s largest metros, and the national median home value is now $4,100 more than it was in April 2007, just before the market crashed, according to the July Zillow [Read More]

‘Pre-Mover’ Interest Is Strong in Affordable Areas

Posted by Michael Bates on August 25, 2017

ATTOM Data Solutions’ Q2 2017 Pre-Mover Housing Index shows that the markets with the highest pre-mover indices during the second quarter – predictive of strong sales activity in the third quarter – were Colorado Springs, Colo.; Chicago; Washington, D.C.; Reno, [Read More]

Existing-Home Sales Down 1.3 Percent in July

Posted by Michael Bates on August 25, 2017

Listings in July typically went under contract in under 30 days for the fourth consecutive month because of high buyer demand, but existing-home sales ultimately pulled back as large declines in the Northeast and Midwest outweighed sales increases in the [Read More]

Housing Market in California Slowing Down for Fall

Posted by Michael Bates on August 23, 2017

California pending home sales trended lower in July versus June and year over year, according to recent data assembled by the California Association of Realtors. The strong sales momentum that occurred during the peak home-buying season gave way in July [Read More]

Number of Equity-Rich Properties Continues to Grow

Posted by Michael Bates on August 18, 2017

ATTOM Data Solutions’ Q2 2017 U.S. Home Equity & Underwater Report shows that at the end of the second quarter of 2017, there were more than 14 million U.S. properties that were equity-rich – where the combined loan amount secured [Read More]

NAR: Housing Supply at ‘Pitiful Levels’

Posted by Michael Bates on August 17, 2017

According to the latest quarterly report from the National Association of Realtors, the national median existing single-family home price in the second quarter was $255,600, which is up 6.2% from the second quarter of 2016 ($240,700) and surpasses the third [Read More]