A recent study conducted by Trulia shows that while Democratic- and Republican-leaning U.S. markets were affected similarly by the housing crisis, the most pressing current issues of the housing industry seem to be more severely affecting Democratic-leaning metros.
Read More »Housing, Economy Stuck in Catch 22
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.
Read More »Judicial Foreclosure States Seeing Faster Gains in Home Asking Prices
Home asking prices are on the rise nationwide, according to the August 2014 Trulia Price Monitor released on September 9, but they are rising at a faster rate in "judicial" states where the foreclosure process takes longer.
Read More »Job Growth Responsible for Home Price Gains
The highest home price gains for July 2014 are in the Midwest and South, and those gains are more likely a result of job growth as opposed to other market influences, according to the Trulia Price Monitor. Average month-over-month gains ...
Read More »Report: Zillow Seeking to Acquire Trulia
Real estate website Zillow is reportedly making moves to acquire rival site Trulia in a deal that could see the merging of two of the country's most popular online real estate resources.
Read More »Consumers Would Change Lifestyle to Avoid Default
Trulia released the firm’s findings on how people would likely cope with having to spend less on their housing. More than anything, people downsize.
Read More »Wages Fail to Keep Up With Home Prices
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.
Read More »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.
Read More »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.
Read More »Will Aging Baby Boomers Downsize from Single-Family Homes?
Baby Boomers, as a focus of study for their effect on the housing market, have been an underserved population, according to a blog post written by Trulia's Jed Kolko. He investigated whether baby boomer downsizing—selling a single-family home in order to move into a multi-family unit—could be a future trend in the housing market.
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