Housing Market Archives - Page 3 of 4 - J.P. Cook

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost

All the Presidents’ Home Prices

February 23, 2017

Housing Market

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There have been nine U.S. presidents since the National Association of Realtors® began its comprehensive reporting of home sales data in 1968. The country and the typical cost to buy a home have changed a lot. To celebrate President’s Day, here is the national median single-family home price at the time each president was sworn

Buyers Are Searching For Your House

February 9, 2017

For Sellers, Housing Market Updates

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The most recent Pending Homes Sales Index from the National Association of Realtors revealed a slight bump in contracts with an increase of 1.6% in December. This news comes as existing home sales are also forecasted to be on pace for 5.54 million in 2017, a 1.7% increase over 2016, which was the best year

Buyer Demand Is Outpacing the Supply of Homes for Sale

February 8, 2017

For Buyers, For Sellers, Housing Market Updates

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The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between Seller Traffic (supply)

Lack of Homes for Sale Slowing Down the Housing Market

February 6, 2017

For Buyers, For Sellers, Housing Market Updates

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The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again. However,

Case-Shiller: Home Price Growth Continues

December 28, 2016

Housing Market

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Home increased in October according to Case-Shiller’s 20City Home Price Index. Home prices rose from September’s annualized reading of 5.40 percent to 5.60 percent. Factors contributing to rising home prices include stronger economic conditions and outlook along with short inventories of available homes coupled with high demand. On average, October home prices rose 5.10 percent

NAHB Housing Market Index Dips 2 Points

October 20, 2016

Housing Market

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According to the National Association of Home Builders, overall builder confidence in housing markets dropped two points in October to an index reading of 63. September’s reading of 65 was the highest posted since the housing bubble peak. Component readings for October’s housing market index were mixed; the reading for builder confidence in market conditions

Forbes Magazine: Should You Invest In Arizona Real Estate?

July 12, 2016

Housing Market, Investment Properties, Real Estate Tips

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Quick Hits: If you’re planning to buy a home in Phoenix, Flagstaff or Prescott, do it now, because prices are going up for the next few years. Investments in single-family rental properties have good potential mainly in Phoenix. Apartment developments have the best potential in Phoenix, where splitting homes into rental units is also attractive,

Values Jump for Some AZ Homes, Millennials, Boomerang Buyers Credited for Climb

January 21, 2016

Market Outlook, Real Estate

Valley homes worth less than a quarter million dollars are growing in value according to the latest real estate report from the W.P. Carey School of Business at Arizona State University. The report credits increased appreciation of those homes to a lot of people wanting them and there not being a lot of them available.

FOMC Minutes: Housing Market Stable But Slow

April 9, 2015

Market Outlook

The minutes of the March meeting of the Fedâs Federal Open Market Committee (FOMC) were released Tuesday and included a staff review of current economic conditions. The minutes noted that while labor markets continued to grow, inflation to the Fedâs target rate of 2.00 percent was impeded by dropping fuel prices. The Committee noted that expectations for longer-term inflation remained stable.