Buyers Lured to Midwest: Realtor.com

Buyers are eyeing the Midwest, where, compared to the coasts, there are more practical prices, according to the latest ranking by realtor.com®. July’s hottest housing markets, based on days on market and online views, were: 1. Midland, Texas Age of Inventory (Median): 29 days 2. Fort Wayne, Ind. Age of Inventory (Median): 34 days 3. […]

The post Buyers Lured to Midwest: Realtor.com appeared first on RISMedia.

NAHB: Affordability Hits Lowest in 10 Years

Affordability has hit its lowest in 10 years, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunities Index (HOI) for the second quarter of 2018. Approximately 57 percent of homes sold in the second quarter were affordable based on income (the median, nationally, is $71,900), down from roughly 62 percent in the […]

The post NAHB: Affordability Hits Lowest in 10 Years appeared first on RISMedia.

Homes by the Millions ‘Missing’ Thanks to Underbuilding

With building halted in the recession and construction at insufficient levels since, there is a 6.3 million deficit in the housing stock, according to an analysis newly released by Zillow. From 2008 on, there have been 1.9 approved building permits (single-family) per 1,000 people—but, historically, the number has been 3.9. According to the analysis, if […]

The post Homes by the Millions ‘Missing’ Thanks to Underbuilding appeared first on RISMedia.

Confidence in Housing Teeters

After a positive start to the summer, the confidence consumers have in housing is teetering, according to the Fannie Mae Home Purchase Sentiment Index® (HPSI) for July. At 86.5, the Index sunk 4.2 percentage points month-over-month, and 0.3 percentage points year-over-year. Twenty-four percent of homebuyers were optimistic about purchasing—a four-percentage point dip from June—and 41 […]

The post Confidence in Housing Teeters appeared first on RISMedia.

More than 10% of US properties still ‘seriously underwater’ in Q2

More than 10 percent of U.S. properties were still seriously underwater in the second quarter of 2018, according to a new study from ATTOM Data Solutions.

Home prices in the nation’s metros reach an all-time high

Home prices in the nation’s metropolitan areas reached an all-time high in the second quarter of 2018, according to a new survey from NAR.

Affordability Challenges Keep Millennials on the Sidelines

Affordability is fading fast—and although millennials are eager to enter the market, and succeeding, they’re bearing the brunt of the challenge, according to recent research. Sixty-three percent of millennials under 29 are challenged by the cost of homeownership, according to a CoreLogic and RTi Research study. The expense, in fact, is their No. 1 reason […]

The post Affordability Challenges Keep Millennials on the Sidelines appeared first on RISMedia.

Inventory: Is the Drought Easing?

When it comes to the housing market, the conversation has been dominated by pricey properties and short supply—but, under the radar, there has been an improvement in inventory, according to realtor.com®’s recently released July 2018 Monthly Housing Trend Report. The easing, however, is not at the entry level, but in the high-priced tier. In July, […]

The post Inventory: Is the Drought Easing? appeared first on RISMedia.

Half of Homes Past Pre-Recession Values

Half of the homes—50.4 percent—in the nation are past their peaks prior to the recession, with 21 of the 35 largest markets at the milestone value, according to the June Zillow® Real Estate Market Report. Based on the Zillow Home Value Index (ZHVI), in June, home prices were up 8.3 percent year-over-year, to a median […]

The post Half of Homes Past Pre-Recession Values appeared first on RISMedia.

Case-Shiller: Housing Market Pressured by Prices

Affordability is beginning to drag on housing, and there is little price relief in sight, according to the latest S&P CoreLogic/Case-Shiller Indices, which found May prices rising steadily, at 6.4 percent year-over-year. “Not only are prices rising consistently; they are doing so across the country,” says David M. Blitzer, chairman and managing director of the […]

The post Case-Shiller: Housing Market Pressured by Prices appeared first on RISMedia.