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Tag Archives: Housing Market

Research Says Construction is Prepping for a 15-Year Growth Spurt

Construction is the key to a positive long-term outlook for the housing market. It is likely the most important facet of the industry and can be a determining factor of a slowly recovering housing market. In an article titled “New Home Construction Is Gearing Up for a 15-Year Boom. Who's Ready?” author John Burns, CEO of John Burns Real Estate Consulting, did research on the rate of construction over the next 15 years and came up with data that determines how to meet the overwhelming housing demand.

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National Home Cash Sales Drop for March

For the 27th consecutive month, cash sales made have fallen to 34.6 percent of total home sales nationally in March 2015, down from 39 percent in March 2014, according to CoreLogic data released today.

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Homeownership Escapes Low Earners

According to a study released by Zillow, low income and rising home values have made homeownership unaffordable and unattainable for the country’s lowest paid workers. Over the past two years, one-third of Americans have not been able to afford homes due to low wages. As the housing market recovered, incomes did not.

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Pending Home Sales Up Over Last Month, Reach Highest Point in Two Years

The index, an indicator of sales based on contract signings, was released this morning. It showed a 1.1 percent increase in pending sales for March and an 11.1 percent increase over the same time last year. This marks the third month in a row the sales have risen and the seventh year that pending sales numbers have improved.

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Analyst: Gains the Housing Market Has Made Are ‘Good Enough’

Blackstone is the largest single private owner of residential homes in the U.S. with approximately 47,000 homes and about $90 billion in real estate assets. Schwarzman said his company is putting money into the housing market, although not as much as it was during the height of the financial crisis.

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Survey Reveals Buyer Optimism, Concerns, and Motivating Factors

According to the survey, three of every 10 potential homebuyers intend to purchase a home in the next 18 months, and 62 percent think now is a better time to purchase than last year. In fact, 32 percent attribute their intent to buy to current low mortgage rates. Another 35 percent said if 30-year fixed mortgage rates were to rise above 4 percent, it would delay their purchase.

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Home Prices Up 4 Percent from Last Year

U.S. home prices for February were up by 4.6 percent year-over-year and 0.7 percent for the month, according to a home price index (HPI) report released by Black Knight Financial Services this morning. This is the largest monthly gain in home prices since June of last year.

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