As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices? Are prices appreciating at … Continued
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They … Continued
June market: sales up, price hits high mark After several months of sales decreases compared to a year prior, June numbers were up both in terms of unit sales and median price. Even so, second quarter and year-to-date data showed sales numbers still lagging behind those of the second quarter in 2016. Among the statewide … Continued
Same story: sales down, prices up Put the market message on a loop, because it hasn’t changed in a while: Sellers’ market, inventory low, closed sales down, and prices on the rise. Among the statewide highlights: Inventory: There were 5,982 residential homes on the market at the end of May, a 27 percent decrease from … Continued