There are nearly 400 mandatory inclusionary housing policies designed to low-priced housing within market-rate developments.
Read More »Report Examines Sustainability of Price Gains in Recovering States
Capital Economics recently explored concerns that particular states are seeing "unsustainable, investor-fueled" increases.
Read More »Redfin: Sales, Prices Strong in January, Inventory ‘Anemic’
Redfin's Real-Time Price Tracker, which tracks prices, sales, and inventory, shows home sales were up in January 12 percent year-over-year.
Read More »Freddie Mac Sees Room for Growth in Housing
Well housing activity remains near historical lows, Freddie Mac is taking a more optimistic view: There's still plenty of room to grow. This glass-half-full viewpoint was reflected in the GSE's forecast for housing in 2013, especially for housing starts, which are projected to increase to 950,000 units this year--22 percent higher than 2012 levels. The GSE also expects prices to increase 3 percent in 2013 and 2014, while sales are forecast to rise to an annual rate of 5.45 million and 5.80 million, respectively.
Read More »Deloitte Consumer Spending Index Falls in January
Deloitte's Consumer Spending Index declined for the third straight month in January, the company reported. The index, which tracks consumer cash flow as an indicator of future spending, fell to 3.87 from a previous reading of 3.93. Patricia Buckley, director of economic policy and analysis at Deloitte and author of the monthly index, explained the decrease is "primarily due to slowing increases of new home prices," though gradual improvements in initial unemployment claims and real wages may reverse the downward trend in the future.
Read More »Report: Conditions Indicate Home Value Growth in 2013
Conditions are ripe for home values in 2013, according to January national housing data collected by Realtor.com.
Read More »Report: Gap Between Listing Prices, Closing Prices Narrows in 2012
The gap between the listing price and closing price of an average home sold continued to narrow last year as market conditions gave the advantage to sellers.
Read More »Mortgage Rates Find Solid Ground
Fixed mortgage rates continued to hold steady last week, according to data from Freddie Mac and Bankrate.com.
Read More »President Addresses Housing Concerns, Demands Congressional Action
In his State of the Union address, President Obama acknowledged the progress that has been made in the housing market with rising prices, increasing home purchases, and an uptick on construction. However, "even with mortgage rates near a 50-year low, too many families with solid credit who want to buy a home are being rejected," he said. Obama also proclaimed his support for expanding access to refinancing, calling on Congress to pass a refinance bill currently in the pipeline.
Read More »California Sees Largest Rent Price Growth in 2012
RentRange, LLC, a Westminster, Colorado-based data and analytics provider for the single-family rental market observed changes in rent prices for three-bedroom, single-family homes located in cities with at least 25,000 residents. The data firm found the greatest growth in La Quinta, California, where rents increased 35.75 percent from December 2011 to December 2012.
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