CoreLogic: July Prices up 6.2 Percent

Home prices are still on a tear, but growing less significantly than in 2017, according to CoreLogic’s latest Home Price Index (HPI™) report. In July—around the height of one of history’s hottest housing markets—prices rose 6.2 percent year-over-year, the report shows. “With increased interest rates and home prices, the CoreLogic Home Price Index is rising […]

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Flood Insurance Reforms Critical for a Vibrant Housing Market

Now that the National Flood Insurance Program (NFIP) has been extended through Nov. 30, 2018, Congress should pass a long-term reauthorization and reform measure that strengthens the program while providing certainty to property owners in 22,000 communities nationwide. Administered by the Federal Emergency Management Agency (FEMA), the NFIP offers hundreds of thousands of dollars of […]

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Housing in 2020: Construction Costs Grow, Mortgage Rates Slow

Where will housing be in 2020? According to the latest Metrostudy predictions, if all continues on its current track, construction costs could continue to increase, and mortgage rates could reel in. While rates have increased in the last six months, impacting affordability, the rise is not significant according to historical trends, says Mark Bound, chief […]

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CoreLogic: April Home Prices Rise 6.7 percent

April home prices rose 1.2 percent month-over-month and 6.7 percent year-over-year, according to the CoreLogic Home Price Index (HPI™) and HPI Forecast™. Home prices are projected to rise 0.2 percent from April to May, and 5.3 percent from April 2018 to April 2019. Additionally, of the 100 largest markets, 40 percent are overvalued, or have […]

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2019 to Bring Change in Market Momentum

Although demand’s exploding and home prices are rising swiftly, analysts are anticipating a market moderation in the next year. According to new projections, the fluctuation is forecasted to start in 2019. Analysts at Freddie Mac are anticipating appreciation will decelerate to 3.1 percent in 2019, with home sales to soften at a 2 percent growth […]

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$1 Million: What It Buys in the U.S. Housing Market

One-million dollars is a lot of money to most of the world’s population, but it’s a drop in the bucket to a billionaire. The housing market in the U.S. seems to have a similar relationship with homes valued between $900,000 and $1.1 million: Some of them are sprawling estates, while others are considered middle-of-the-road homes. […]

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Half of Markets Outpacing Peaks Prior to Recession

ATTOM Data Solutions has released its Q1 report on sales, which found homes in 54 percent of metros are at prices above their pre-recession top-out. “Rising interest rates and recently enacted tax reform that removed some tax incentives for homeownership were not enough to cool off red-hot home price appreciation in many parts of the […]

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Assessing the State of the Housing Union

In 2018, the challenge for the housing industry will be balancing bursting demand with a severe shortage of supply, according to realtor.com®’s State of the Housing Union, released in-step with the U.S. State of the Union this week. As with 2017, first-time buyers will have the hardest time, with little in their price point. “The […]

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Housing Is Recouping Value Unevenly: Report

With the downturn long past, housing has gained its lost value—$9 trillion, according to a new report by Zillow. How the recovery has shaken out, however, is telling. “A decade after the financial crisis, the scars of the housing bust are still with us,” says Aaron Terrazas, senior economist at Zillow. “The gap between the […]

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Experts: Expect a Downturn, but Not Because of Housing

Housing experts questioned in Zillow’s latest Home Price Expectations Survey are anticipating another downturn in the next three years, but one set off by a “geopolitical crisis,” not the real estate market. There is a 73 percent chance a recession will happen by 2020, according to the quarterly survey, and of the more than 100 […]

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