08-02-2019 DECREASED INCREASES There’s been a dip in home price gains. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.4% annual gain in May, down from 3.5% in the previous month. S&P Dow Jones Indices’ Philip Murphy said, “Nationally, year-over-year home price gains were lower […]
07-26-2019 OWNER ACCUMULATION Equity news keeps getting better: Average profit margins for homeowners who sold in the second quarter rose to nearly 34%, up from 31% in Q1 according to ATTOM Data Solutions. ATTOM’s Q2 2019 U.S. Home Sales Report (HSR) also showed average dollar gains over purchase price reached $67,500 during the same time […]
07-19-2019 MARKET MOOD It’s still a seller’s market according to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae. Fannie’s June data release showed that 67% of Americans think it’s a good time to sell a home, while 56% say it’s a good time to buy one. Still, 63% of respondents said they would […]
07-12-2019 REAL REBOUND The National Association of Realtors® (NAR) says existing-home sales rebounded in May, recording an increase in sales for the first time in two months. Noting that each of the four major U.S. regions saw sales growth, NAR Chief Economist Lawrence Yun said, “The purchasing power to buy a home has been bolstered […]
07-05-2019 UP AGAIN Home prices were up month-over-month .9% and 3.6% year-over-year according to CoreLogic’s May Home Price Insights report. CoreLogic Chief Economist Dr. Frank Nothaft describes the latest numbers saying, “Interest rates on fixed rate mortgages fell by nearly one percentage point between November 2018 and May. This has been a shot-in-the-arm for home […]
06-28-2019 PERPLEXING PRICES It might be hard to tell if home prices are up or down, depending on the source and the measures used. The latest S&P CoreLogic Case-Shiller National Home Price Index shows that while home prices grew by 3.5% in April, it was the 13th consecutive month-over-month decline in growth. Regional numbers showed […]
06-21-2019 HELPFUL HOUSING Fannie Mae’s (FNMA) Economic and Strategic Research (ESR) Group downgraded its projections for full-year 2019 and 2020 U.S. economic growth to 2.1 percent and 1.5 percent respectively, due to expected weakness in business investment and global economic conditions. The previous forecast was 2.3% growth for 2019 and 1.8% for 2020. Housing remains […]
05-17-2019 GOOD GAINS? There’s good news for homeowners and potential home buyers according to the latest Existing Home Sales data released by the National Association of Realtors (NAR). The median sales price nationwide was up 3.8% year-over-year in March with more homes for sale. There was 3.9 months’ worth of inventory on the market in […]
05-10-2019 UP AGAIN Home prices were up 3.7% year-over-year in March according to the latest CoreLogic Home Price Insights (HPI). Prices were up 1% month-over-month between February and March, but the HPI forecast predicts a significant escalation in the coming year, indicating that home prices will increase by 4.8% on a year-over-year basis from March […]
04-19-2019 SURGING SENTIMENT The Home Purchase Sentiment Index (HPSI) reached its highest point since June 2018 last month. Fannie Mae’s March HPSI showed a 5.5 point increase over February; 56% of survey respondents said it’s a good time to buy a home and 66% said it’s a good time to sell. ANOTHER ADJUSTMENT Interest rates […]
