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Home | Tag Archives: Home Sales

Tag Archives: Home Sales

Based on Recent Signs, Analysts Still Hold High Hopes for Housing Recovery in 2015

house-for-sale

*+-Economists at both Fannie Mae and Freddie Mac have stuck to their predictions that housing will recover in 2015 despite receiving recent reports of slower-than-expected economic growth in the first quarter, including job gains that fell well short of expectations in March. "We remain comfortable with our call that the Fed funds rate lift-off will occur in September," Fannie Mae chief economist Doug Duncan said last week. "The setback in the hiring picture is in line with consumer sentiment regarding the housing market from the Fannie Mae National Housing Survey."

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All-Cash Sales Share Continues Year-Over-Year Decline

cash

*+-The share of all-cash home sales continued its streak of annual declines in October but remained elevated compared to pre-crisis levels, according to data released Wednesday. In a post on the company's blog site, CoreLogic estimated that cash transactions accounted for 35.5 percent of total home sales in October 2014, down from 38.7 percent the year prior.

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Fed: Economy Growing at ‘Modest to Moderate’ Pace Amidst Concerns Over Oil Prices

saving-money

*+-While lower prices are bound to keep Americans happy at the gas pump, they could potentially be a problem for housing in oil-dependent states, including Texas, Oklahoma, and Louisiana. If the current decline impacts the local labor market (as the Dallas Fed indicated Wednesday in its own Beige Book), it could be a weight on their housing health in the next few years.

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Stronger Economic Fundamentals Expected to Drive Increases in Home Sales, Housing Starts in 2015

HandGrabbingHouse

*+-Improvements in economic fundamentals, notably employment growth among millennials, will fuel significant increases in home sales and housing starts and a modest rise in home prices in 2015, according to CoreLogic's 2015 Housing Outlook released earlier this week. Sam Khater, deputy chief economist for CoreLogic, predicted an increase of 9 percent in home sales and a 14 percent spike in housing starts for the coming year in the report.

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