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Home | Tag Archives: Trulia

Tag Archives: Trulia

Housing, Economy Stuck in Catch 22

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Delinquency and foreclosure rates also were much improved. According to Trulia and Black Knight, the national delinquency and foreclosure rate was 74 percent back to normal in August—the same as one quarter ago and up from 56 percent one year ago. Trulia's chief economist, Jed Kolko, said that with the share of mortgage borrowers with negative or near-negative equity dropping, the default rate should continue to drop.

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Wages Fail to Keep Up With Home Prices

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Home price increases have started to plateau, but with wages remaining stagnant, cash-strapped shoppers are still feeling put out. According to Trulia, asking prices on listed homes rose 1.2 percent month-to-month in June, the highest monthly increase in more than a year. The increase was the same both with and without foreclosures.

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Millennials are Heading to Suburbia

Analyzing data from the United States Census, Trulia's chief economist Jed Kolko found that the population growth of millennials in big, dense cities was outpaced by big-city suburbs and lower-density cities. Kolko also found that baby boomer growth in big, dense cities also fell short of growth in the big-city suburbs.

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Trulia: Undervalued Homes Squash Housing Bubble Concerns

While persistent price gains continue to dominate headlines, homes in a majority of major markets across the country remain slightly undervalued, quashing any concerns of a rising housing bubble, according to the latest data from Trulia. Nationally, homes remain undervalued by 3 percent compared with long-term fundamentals, according to Trulia's Bubble Watch.

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Home Prices Moderate as Markets Stabilize

According to Trulia, for the first time since July 2012, none of the 100 largest markets in May—anywhere in the United States—saw home prices rise more than 20 percent year-over-year. This is the first sign of sustainability in the housing market in years and is a welcome change from the hyper-rebounding that occurred in some markets—particularly in the West, where asking prices rose by as much as 30 percent from 2012 to 2013.

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