Quicken Loans' Home Price Perception Index, a measure of the gap between appraiser and homeowner opinions of home values, shows appraisers' home value estimates were on average 1.56 percent higher than homeowners nationally.
Read More »One in Five Housing Markets Less Affordable than Their Historical Averages
Out of 475 U.S. counties analyzed in the company's latest real estate report, 98—21 percent—had a higher affordability percentage than their historical average. In addition, 58 counties—12 percent of all markets analyzed—posted a median price higher than their bubble-era peaks as values continue to rise.
Read More »Forecast: Millennials to Take Housing Reins in 2015
In his 2015 outlook, Zillow's chief economist, Dr. Stan Humphries, predicts millennials will take on a much greater presence in the housing market, overtaking Generation X as the largest group of homebuyers.
Read More »Inventory Improves in October, but Affordable Homes Still Scarce
In its latest market update, Zillow reported that the number of for-sale homes nationwide rose 15.8 percent year-over-year in October. While the increase may be welcome news for home shoppers in some of the country's most supply-starved metros, the number comes with a catch: The biggest gains were seen in the highest price tier of homes.
Read More »Rising Home Values Spark HELOC Activity
TD Bank reported Monday the results of its inaugural Consumer Borrowing Index, a survey of more than 1,300 U.S. HELOC borrowers created to provide insights into their motivation, usage, and perceptions of the loan. According to the bank's survey, 53 percent of homeowners polled said the value of their home has increased in the past few years, giving them more equity to pull from.
Read More »Survey: Another Few Years Left for Recovery as Housing Faces Headwinds
In a quarterly survey of more than 100 real estate experts and economists, real estate data firm Zillow found 40 percent of respondents believe it will take another three to five years for the housing market to normalize, based on current home price trends and homebuyer activity.
Read More »Home Value Growth Tops 2% in October
Based on appraisal data from around the country, Quicken Loans reported Tuesday that home values were up 2.03 percent from September to October. At the metro level, values were up month-to-month in 15 of the 27 largest markets.
Read More »Rate of Seriously Underwater Homes Drops in Q3
RealtyTrac reported that 8.1 million U.S. homeowners, representing 15 percent of all mortgages in the country, were seriously underwater on their mortgage in Q3, the lowest percentage of underwater mortgages nationwide since RealtyTrac began tracking the data in Q1 2012.
Read More »Home Value Growth Continues to Slow in Q3
Real estate data firm Zillow reported a 6.5 percent year-over-year gain in its Home Value Index for September, bringing the index up to $176,500. Zillow's chief economist, Dr. Stan Humphries, said the latest report comes as a relief compared to last year, when the market was experiencing unsustainable price growth that went well into the double digits in some areas.
Read More »Report Maps Top Markets for Price Appreciation
According to the latest market forecast from Veros Real Estate Solutions, released Thursday, 83 percent of American homes are appreciating, especially in markets west of the Mississippi. In fact, the top 25 markets are west of the river. In contrast, 24 of the weakest 25 markets are east of it.
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