Entry-Level Housing Recovery Unsteady

Entry-level homes came in last in the recession, hit hard by sinking values—and now, they are the last to recover, according to the August Zillow® Real Estate Market Reports. Starter homes in 24 of the 35 largest metropolitan areas, or roughly 69 percent, are struggling to regain value, even with the national median value up […]

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Existing-Home Sales Flounder in August

Existing-home sales floundered in August, posting higher than one year prior but lower than in July, the National Association of REALTORS® (NAR) reports. Existing-home sales totaled 5.35 million, a 1.7 percent decrease from July but a 0.2 percent increase from one year prior. Inventory decreased 2.1 percent to 1.88 million, 6.5 percent below one year […]

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Confidence in Housing Doubles Back Toward All-Time High

Confidence in housing doubled back in August toward the all-time high in the Fannie Mae Home Purchase Sentiment Index® (HPSI), with home sellers’ optimism rebounding from July. The HPSI overall posted 88.0 in August, 1.2 percentage points higher than the month prior and moving toward the Index’s record high, reached for the second time in […]

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Confidence in Housing Doubles Back Toward All-Time High

Confidence in housing doubled back in August toward the all-time high in the Fannie Mae Home Purchase Sentiment Index® (HPSI), with home sellers’ optimism rebounding from July. The HPSI overall posted 88.0 in August, 1.2 percentage points higher than the month prior and moving toward the Index’s record high, reached for the second time in […]

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Home Sellers Are Making Bank in Today’s Market

Home sellers are making bank in today’s market, realizing a 24.1 percent, or $39,900, gain in 2016, according to a recent analysis by Zillow. Sellers on the West Coast—where home prices have rocketed since the recession—saw higher returns, with those in Oakland, Calif., taking home the most at 78 percent, or $235,000. Duration is key. […]

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Quantifying Gentrification: Where ‘Cool’ and Affordable Is Still Possible

Despite beards and man buns being on their way out, skinny jeans fading, and bread pudding in mason jars making way for gelato, the global hipster movement has left a mark on American lifestyle. Across the country, demand continues for neighborhoods where you can bike to coffee, pick up peaches at a farmer’s market, or […]

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A month in review: The July housing market

Every month, economists release a number of indices, reports and analyses of the housing market, and it can be difficult to keep up with them all …

Pending Home Sales Stall

Pending home sales stalled in July, down 0.8 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 109.1 in July, down from 110.0 in June. The Index is based on contract signings. “With the exception of a minimal gain in the West, pending sales were weaker in most […]

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Home Prices ‘Unlikely’ to Reverse Course

Home prices increased in the latest S&P CoreLogic Case-Shiller Indices, up 5.8 percent year-over-year in June, compared to 5.7 percent in May. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite rose 4.9 percent year-over-year, down from 5.0 percent in May, while its 20-City Composite rose 5.7 percent year-over-year, identical to May. […]

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Case-Shiller: Home prices ascend up, up and away

June’s S&P/Case-Shiller Home Price Index shows that home prices are continuing to ascend — impacting affordability and the overall robustness of the housing market …