Market Trends

Aug. 15, 2015

Foreclosures Plunge and Overall Household Debt Remains Flat

Household debt balances were largely flat in the second quarter of this year, according to the Federal Reserve Bank of New York’s Household Debt and Credit Report. Total indebtedness increased just $2 billion from Q1 2015. Foreclosures hit their lowest point in the 16-year history of the New York Fed’s ...

View More
July 19, 2015

Bidding Wars Still Dominate Low-Inventory Markets

While the pace of home-buying activities picks up around the nation, certain areas are seeing more excitement than others.

As is usually the case during economic recoveries, no two cities recover in exactly the same way. Some have a glut of inventory that will take many years to turn over ...

View More
July 19, 2015

May Home Prices Up 1.2 Percent

In a sign that the U.S. housing market is on track for a strong spring/summer buying season, home prices continue to show solid gains in May, according to the latest FNC Residential Price Index™ (RPI). Prices across the country climbed 1.2 percent following an upwardly-revised April, which ...

View More
May 27, 2015

March Home Prices Continue to Rise

According to FNC’s Residential Price Index™ (RPI), U.S. home prices continued to rise at a brisk pace in March and up 0.9 percent nationwide.

March’s increase follows a strong momentum in February that recorded some of the largest unseasonable gains in many of the nation’s key housing markets ...

View More
Posted in Market Trends
April 22, 2015

Share of Seriously Underwater Homes Increases in First Quarter for First Time Since 2012

RealtyTrac® recently released its U.S. Home Equity & Underwater Report for the first quarter of 2015, which shows that at the end of the first quarter of 2015 there were 7,341,922 U.S. residential properties seriously underwater — where the combined loan amount secured by the property ...

View More
April 21, 2015

Forecast for Full-Year Economic Growth Stalls at 2.8 Percent

Economic activity was suppressed in the first-quarter due largely to the West Coast port disruptions and difficult weather patterns across the Northeast, but the economy is expected to gain momentum throughout the spring and reach previously anticipated levels by year-end, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research ...

View More
April 19, 2015

Modest Increase in Housing Production

Housing starts and permits rose modestly in March after a very disappointing February. Total housing starts increased 2 percent to an annual rate of 926,000 from an upwardly revised 908,000 in February. Single-family starts improved slightly better at a 4.4 percent increase to 618,000 from a ...

View More
April 18, 2015

Doctor, Doctor! Why Are Home Sales in My Market Still Slumping?

This spring, I was introduced to a new specialist—Dr. Housing Bubble (www.doctorhousingbubble.com). In a recent blog, the 'Doctor' went to work diagnosing why new-home sales in many U.S. markets are still slumping.

In reviewing hard data like Census figures, Dr. Housing Bubble learned that despite slowly brightening ...

View More
Posted in Market Trends
April 15, 2015

Foreclosure Activity Drops to Lowest Quarterly Level in Eight Years

Foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 313,487 U.S. properties in the first quarter of 2015, down 7 percent from the previous quarter and down 8 percent from the first quarter of 2014 to the lowest quarterly total since the first quarter of 2007, according ...

View More
Dec. 29, 2014

U.S. Home Values Gain $1.7 Trillion in Value in 2014

The total value of all the homes in the United States is expected to end 2014 at $27.5 trillion, a 6.7 percent increase from last year and the third consecutive overall increase, according to Zillow. Homes lost $6.1 trillion in value between December 2006 and December 2011 ...

View More