A rise in mortgage rates over the past year and inflationary concerns have constrained the purchasing power of prospective buyers, resulting in home price declines of the past two quarters.Read More »
Housing Price Forecast Turns Negative
Eric Fox, Chief Economist at Veros, commented, “This decrease to an average depreciation of -0.5% over the next 12 months is the first time in over a decade that Veros’ average house price forecast has gone negative."Read More »
Will Projected Price Declines Drive Pandemic Homebuyers Underwater?
According to a new Redfin analysis, a projected 3% of pandemic homebuyers could fall underwater with next year’s estimated 4% home price decline, with metros such as Sacramento and Phoenix at a higher risk.Read More »
Your Home Probably Earned More Than You Did Last Year
There Are 2,080 work hours in a year, assuming a standard 40-hour work week, and depending on your job, your earnings may vary widely. But according to Zillow, if you owned a home last year in a major metropolitan Area, ...Read More »
Property Value Growth Slows in January
The January 2022 Home Data Index Market Report (HDI) has been released by Clear Capital—a Nevada-based property valuation management and data solutions company—which shows that the average American home increased in value by 3.4% over the previous quarter. According to the report, ...Read More »
Is a New Normal on the Horizon?
A “new normal” may be on the horizon after a tumultuous year in 2021 which saw a conflagration of market trends reach new highs, and lows, which have continued into 2022. According to the Economic and Strategic Research Group (ESR) ...Read More »
Housing Inventory Rises for the Fifth Consecutive Month
With the winter around the corner, Zillow has found the minor growth in inventory is helping shift the scales slightly in favor of buyers.Read More »
A Housing Heat Wave Hits the South
Here are the hottest housing markets for 2019. They’re mostly located in the South with a few outliers.Read More »