Housing in 2018: Where Are Home Values Headed?

Analysts are expecting even higher home prices in 2018 than originally projected, according to new research. Zillow’s 2017 Q4 Home Price Expectations Survey reveals experts are anticipating a 4.1 percent hike in the new year, up from the 3 percent they forecasted a year ago. Over 100 experts, including economists, participated in the survey. Their […]

The post Housing in 2018: Where Are Home Values Headed? appeared first on RISMedia.

ICYMI: Demand/Supply Dynamics Keep Prices Tracking Up

Home prices tracked up in the latest S&P CoreLogic/Case-Shiller Indices, up 6.2 percent year-over-year in September, compared to 5.9 percent in August. Conditions as they are are prompting the rise. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite rose 5.7 percent year-over-year, up from 5.2 percent in August, while its 20-City […]

The post ICYMI: Demand/Supply Dynamics Keep Prices Tracking Up appeared first on RISMedia.

2018 Forecast: Is Inventory Relief on the Way?

Ask the 60-some percent of brokers in RISMedia’s 2017 Power Broker Survey: Almost every housing market is plagued by short supply. In fact, inventory nationally for pre-owned properties is at 3.9 months, down 10.4 percent from last year, the National Association of REALTORS® (NAR) recently reported. The challenge, according to realtor.com®, could moderate in the […]

The post 2018 Forecast: Is Inventory Relief on the Way? appeared first on RISMedia.

Pending Home Sales Pick Up Steam

Pending home sales picked up steam in October, up 3.5 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 109.3 in October, up from 105.6 in September; however, sales were 0.6 percent lower year-over-year. The Index is based on contract signings. “Last month’s solid increase in contract signings […]

The post Pending Home Sales Pick Up Steam appeared first on RISMedia.

Homes in Major Markets Realize Thousands in One Year

Homes in major markets have realized over $10,000 in the last year in value, according to the October Zillow® Real Estate Market Report. In fact, the median nationally has risen over $12,500. Appreciation is highest in the San Jose, Calif., metropolitan area, where prices have soared $118,200, or 12.3 percent, to a median $1,076,400. Nationally, […]

The post Homes in Major Markets Realize Thousands in One Year appeared first on RISMedia.

New-Home Sales Surge in October

New-home sales rose in October, with sales of new, single-family homes up 18.7 percent to 685,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $400,200, while the median was $312,800. New-home listing inventory was 312,800—4.9 months supply. “In the strongest year-over-year growth […]

The post New-Home Sales Surge in October appeared first on RISMedia.

Existing-Home Sales at Pace Not Seen Since Summer

Existing-home sales in October were at a pace not seen since summer, the National Association of REALTORS® (NAR) reports. Existing-home sales totaled 5.48 million, a 2.0 percent increase from September but a 0.9 percent decrease from one year prior. Inventory decreased 3.2 percent to 1.80 million, 10.4 percent below one year prior. “Job growth in […]

The post Existing-Home Sales at Pace Not Seen Since Summer appeared first on RISMedia.

2018 Forecast: Affordable Homes in the Suburbs

In 2018, anticipate home-building will shift to the suburbs, according to a forecast recently released by Zillow. Cheaper construction costs, coupled with demand for entry-level homes, is expected to lead to increased inventory in the suburbs. “We’re on the other side of the housing recovery, and the real estate market looks quite different than it […]

The post 2018 Forecast: Affordable Homes in the Suburbs appeared first on RISMedia.

Home Prices Rapidly Rise: Is History Repeating Itself?

‘Rapid Price Increases Will Not Last Forever’ The current growth in home prices is echoing the lead-up to the recession. Is history repeating itself? The answer is likely not, according to a recently released realtor.com® report. Building is lacking in many markets—one hallmark 10 years ago was over-construction—and credit standards are more stringent, says Danielle […]

The post Home Prices Rapidly Rise: Is History Repeating Itself? appeared first on RISMedia.

Home Prices Keep Rolling, up 5.3 Percent in Q3

Home prices keep rolling, up 5.3 percent in third quarter of 2017, according to the latest quarterly report by the National Association of REALTORS® (NAR). “The stock market’s climb to new record highs, the continued stretch of outstanding job growth and mortgage rates under 4 percent kept homebuyer demand at a very robust level throughout […]

The post Home Prices Keep Rolling, up 5.3 Percent in Q3 appeared first on RISMedia.