We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019. Recently, HousingWire analyzed data from the US Bankruptcy Courts and […]
Category Archives: Real Estate Market
Drop in Home Values Coming?
About 58% of homeowners across the United States believe home values are due to drop. According to the recently released Modern Home-buyer Survey from ValueInsured, this percentage of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the […]
Housing Inventory Hits 30-Year Low
Housing inventory has been the lowest it has ever been in the last 30 years. Spring has traditionally been the busiest season for real estate. This is because buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. Homeowners, in preparation for the increased demand, are enticed […]
Do Families Stay in Their Home?
What is the average amount of time most families stay in their homes? The National Association of Realtors keeps historical data on many aspects of this and ties to home-ownership. One of the data points that has changed dramatically is the median tenure of a family in a home. This means how long a family […]
Demand is Outpacing the Supply of Homes
Supply and demand are battling each other as the demand from buyers is continuing to outpace the homes that are actually available. The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their […]
Housing Inventory Hits a New Low
Housing Inventory in the U.S. Every summer, families across the country decide if this will be the year they sell their current house. People want to move into their dream home as soon as possible. But, how has this affected the U.S. housing inventory percentages? Mortgage rates have hovered around 4% for all of 2017, […]
Housing Shortage Reported
Housing Shortage of Epic Proportions Reported by JCHS The Joint Center of Housing Studies at Harvard University recently released their 2017 State of the Nation’s Housing Study. Also, an additional blog post revealed some of the more surprising aspects of the study. The first two revelations centered around the shortage of housing inventory available in […]
Don’t Pay These Interest Rates
Interest rates have caused owners to pay around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about three-quarters of a percentage point higher, at 4.5%, by the end […]
Achieving the American Dream Keeps Getting Better!
Forbes.com recently released the latest results of their American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.” The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and […]
It’s a Good Time to Sell!
Homeowners believe that now is the best time to sell. This finding comes out of The National Association of Realtors (NAR) and their recently released reports. Their reports come from their Q2 Homeownership Opportunities and Market Experience Survey. The report covers core topics like: if now is a good time to buy or sell a […]