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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Confidence in Housing at New Record

Confidence in housing is at a new record, with the Fannie Mae Home Purchase Sentiment Index® (HPSI) outdoing its past peak. The boost was ignited by optimism from sellers, who are benefitting from increasing prices. At 92.3, the Index rose 0.6 percentage points month-over-month and 6.1 points year-over-year. “The HPSI edged up to another survey […]

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Confidence in Housing at New Record

Confidence in housing is at a new record, with the Fannie Mae Home Purchase Sentiment Index® (HPSI) outdoing its past peak. The boost was ignited by optimism from sellers, who are benefitting from increasing prices. At 92.3, the Index rose 0.6 percentage points month-over-month and 6.1 points year-over-year. “The HPSI edged up to another survey […]

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Home affordability could reach an all-time low by 2023

Rising home prices are causing a sharp uptick in the monthly payments for new homeowners, but as rising wages fail to catch up, the current affordability boom may be unstable, a new report from financial data and analytic company Black Knight found.

Realtor.com: Early Signs of a Slowdown

Home prices and sales are at their speediest yet, but there are indicators of tempering, according to data from realtor.com®. In May, listings were at a median $297,000, which is 2 percent higher than in April and 8 percent higher than in May 2017. Annual growth, however, lost steam; in February, home prices were up […]

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Pending Home Sales Stopped by Supply

In a bear-out of the country’s dire inventory shortage, pending home sales are struggling, in April dropping 1.3 percent, according to the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). In April, three of the major regions in the U.S. experienced lower sales, falling 3.2 percent in the Midwest, 1 percent in the […]

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Home Prices: Boom Continues, but Leveling Out Needed

The boom is continuing for home prices, with a gain in March of 6.5 percent, according to the S&P CoreLogic/Case-Shiller Indices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite, which is an average of 10 metros (Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco and […]

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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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Appreciation Today Is Mirroring the Pre-Recession Sprint

Appreciation currently is at its fastest since June 2006, just ahead of the downturn, according to the April Zillow® Real Estate Market Report. Nationally, the median price is $215,600, growing at an 8.7 percent rate year-over-year, according to the Zillow Home Value Index (ZHVI), a gauge of median prices. Before the bubble burst, prices were […]

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