City of San José. Housing Market Update Q 2. Produced by City San José Department of Housing

Size: px
Start display at page:

Download "City of San José. Housing Market Update Q 2. Produced by City San José Department of Housing"

Transcription

1 City of San José Produced by City San José Department of Housing Housing Market Update Q

2 Q San José Housing Market Rents continue to set records, grow 11% annually Renters must earn around $52/hour ($109,440/year) to afford the average rent for a two bedroom apartment 1 No-cause evictions filed with City continue to rise Median single-family home prices continue to set record highs, up 9% year over year (YoY); townhome prices increase even more, up 20% YoY Only 1 in 5 families can afford to purchase a median priced home in the San José, Sunnyvale, Santa Clara Metropolitan Service Area (MSA), compared to 3 of 5 families, nationally 2 1 Based on Realfacts average rents, income calculation assumes rents are 30% of income, 40 hour work week,and a single income household 2 National Association of Home Builders Housing Opportunity Index, Q

3 Q Multi-Family Residential Permit Activity Trends Low (all Market-Rate) Permits Pulled vs 1,287 Permits in Q ,500 Number of Multifamily Residential Permits 4,000 3,500 3,000 2,500 2,000 1,500 1, To-Date Multifamily Market Rate Multifamily Affordable SOURCE: City of San José Housing Department, Q

4 Average Rent Continues to Rise, Up 8% Quarterly and 11% YoY $3,173 $2,736 $2,407 $2,186 $1,749 SOURCE: RealFacts Q Data only includes rental projects with 50 apartments or more 4

5 SJ Vacancy Rate rises from 3.3% in Q1 to 4.7% in Q2 2015, Just Below the Natural Rate 5 % 4.7% 4.3% SOURCE: RealFacts Data Q2, 2015 Data only includes rental projects with 50 apartments or more 5

6 Rents in Some Areas Trend Higher than Average Citywide Rents Project 1BR 2BR Average Citywide Rents (Q Realfacts) Riverview (North SJ) Sycamores at North Park (North SJ) One South Market (Downtown SJ) 101 San Fernando (Downtown SJ) Ascent Apartments (Edenvale SJ) $2,186 $2,736 $2,645 - $3,185 $3,335 - $3,685 $2,650 - $3,215 $3,130 - $3,520 $2,616 - $3,316 $3,342 - $8,858 $2,348 - $2,894 $3,393 - $3,893 $2,136 - $2,526 $2,809 - $3,382 SOURCE: Zillow, Aug 11,

7 Market Rents Significantly Out of Reach for Many San José Workers SOURCE: Employment Development Department (EDD) May 2015 Wages; Income to rent calculation assumes rent at 30% of income and a single income household 7

8 No Cause Evictions Filed with the City Continue to Climb Evictions Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q Evictions Source: City of San José Housing Department Does not include all evictions in San Jose, only evictions filed with the City on rent controlled buildings. 8

9 San José Housing Affordability Remains Low Relative to the Nation (5 th least affordable) Only 1/5 th of San José s Families Can Afford a Median Priced Home % of Homes Affordable to Families Earning Median Income Q % Q % Q3 14 Q3 13 Q3 12 Q3 11 Q3 10 Q3 09 Q3 08 Q3 07 Q3 06 Q3 05 Q3 04 Q1 02 Q1 01 Q1 00 Q1 99 Q1 98 Q1 97 Q1 96 Q1 95 Q1 94 Q1 93 Q1 92 San Jose, Sunnyvale, Santa Clara Metropolitan Area HOI National HOI SOURCE: National Association of Home Builders, Housing Opportunity Index Q

10 Mortgage Rates Record Slight Increase from Q % 2.54 % 0.13% SOURCE: Federal Reserve, Freddie Mac Primary Mortgage Market Survey, June

11 Single-Family Median Home Prices Continue to Climb after Reaching Record Levels, Up 10% (SCC) & 9% (SJ)YoY $1,000,000 $997,000 $900,000 $865,000 Median Single Family Home Price ($) $800,000 $700,000 $600,000 $500,000 $400,000 Jun-04 Jun-05 Jun-06 Jun-07 Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Santa Clara County San José SOURCE: Santa Clara County Association of Realtors, June

12 Townhome/Condo Median Price at Record High, Up 22% (SCC) and 20% (SJ) YoY $675,000 $642,000 Median Towhome Price ($) $575,000 $475,000 $375,000 $275,000 $550,000 $175,000 Jun-04 Jun-05 Jun-06 Jun-07 Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Santa Clara County San José SOURCE: Santa Clara County Association of Realtors, June

13 Inventory remains low 4,000 3,500 3,000 San José Data 2,500 2,000 1,500 1, Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 New Listings Sales Total Listings Jun-14 Jun-15 SOURCE: Santa Clara County Association of Realtors, MLS Listings June

14 Hot Market - DOM at Lowest Level since Mid 2005, SF down by 4 days and Condo down by 9 days from Q Days on the Market in San Jose Days 0 Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Single Family Condo/Townhomes 14 Days SOURCE: Santa Clara County Association of Realtors June

15 Foreclosure Filings Stay Low, at Pre-Recession Levels 1,400 1,200 1, Sep-06 Dec-06 Mar-07 Jun-07 Number of Filings in San José Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Notice of Defaults Auctions Bank-owned SOURCE: San José PropertyRadar.com June

City of San José. Housing Market Update Q 3. Produced by City San José Department of Housing

City of San José. Housing Market Update Q 3. Produced by City San José Department of Housing City of San José Produced by City San José Department of Housing Housing Market Update Q 3 2 0 1 5 Q3 2015 San José Housing Market San José is the third most expensive rental market and the second most

More information

City of San José. Produced by of San Jose Department of Housing. Housing Market Update Q2 2014

City of San José. Produced by of San Jose Department of Housing. Housing Market Update Q2 2014 City of San José Produced by of San Jose Department of Housing Housing Market Update Q2 2014 San José Housing Market 1,280+ multi-family residential permits issued in Q2 2014, thrice the number of permits

More information

City of San José. Housing Market Update. Second Quarter Produced by City of San José Department of Housing

City of San José. Housing Market Update. Second Quarter Produced by City of San José Department of Housing City of San José Produced by City of San José Department of Housing Housing Market Update Second Quarter 2016 Q2 2016 San José Housing Market In Q2 2016, 368 residential permits were issued - 81 affordable,

More information

City of San José. Produced by City of San José Department of Housing. Housing Market Update. First Quarter 2018

City of San José. Produced by City of San José Department of Housing. Housing Market Update. First Quarter 2018 City of San José Produced by City of San José Department of Housing Housing Market Update First Quarter 2018 Q1 2018 San José Housing Market 812 residential permits issued - 83 were for affordable housing

More information

City of San José. Produced by City of San José Department of Housing. Housing Market Update

City of San José. Produced by City of San José Department of Housing. Housing Market Update City of San José Produced by City of San José Department of Housing Housing Market Update Sparq, is a 105 unit, mixed use, transit-oriented, market-rate project in downtown San Jose. It will be developed

More information

Santa Clara County Real Estate Market Overview Dynamics

Santa Clara County Real Estate Market Overview Dynamics Santa Clara County Real Estate Market Overview Dynamics Data from sources deemed reliable, but may contain errors and subject to revision. All numbers should be considered approximate. Jan-90 Sep-90 May-91

More information

California Housing Market Update. Monthly Sales and Price Statistics October 2018

California Housing Market Update. Monthly Sales and Price Statistics October 2018 California Housing Market Update Monthly Sales and Price Statistics October 2018 Sales Had the 2 nd Largest Drop in the Last 6 Months California, October 2018 Sales: 397,060 Units, -3.7% YTD, -7.9% YTY

More information

California Housing Market Update. Monthly Sales and Price Statistics May 2018

California Housing Market Update. Monthly Sales and Price Statistics May 2018 California Housing Market Update Monthly Sales and Price Statistics May 2018 Sales Lost Momentum as Mortgage Rates Continued to Climb California, May 2018 Sales: 409,270 Units, +0.3% YTD, -4.6% YTY 700,000

More information

Jackson County Residental Market Trends. February Pending Sales New Listings

Jackson County Residental Market Trends. February Pending Sales New Listings Jackson County Residental Market Trends February 2017 Pending Sales..2 New Listings..3 Overall activity trends are not a measure of pricing or value for individual properties. Small Sampling sizes can

More information

California Housing Market Update. Monthly Sales and Price Statistics December 2018

California Housing Market Update. Monthly Sales and Price Statistics December 2018 California Housing Market Update Monthly Sales and Price Statistics December 2018 Sales Reached the Lowest Level since Jan 2015 California, December 2018 Sales: 372,260 Units, -5.2% YTD, -11.6% YTY 700,000

More information

SFR Condo Residential Lot Sales Inventory Sales Inventory Sales Inventory. Month YTD Month Month YTD Month Month YTD Month

SFR Condo Residential Lot Sales Inventory Sales Inventory Sales Inventory. Month YTD Month Month YTD Month Month YTD Month Grand Strand Market Report 2017 capped off a great year for the Grand Strand as full year SFR sales volume and median sales price were up 9.8% and 4.3%, respectively. Condo sales activity increased 3.0%

More information

California Housing Market Update. Monthly Sales and Price Statistics September 2018

California Housing Market Update. Monthly Sales and Price Statistics September 2018 California Housing Market Update Monthly Sales and Price Statistics September 2018 Sales Had the Largest Decline since March 2014 California, September 2018 Sales: 382,550 Units, -3.3% YTD, -12.4% YTY

More information

California Housing Market Update. Monthly Sales and Price Statistics November 2018

California Housing Market Update. Monthly Sales and Price Statistics November 2018 California Housing Market Update Monthly Sales and Price Statistics November 2018 Home Sales: Largest Decline Since 2014 California, November 2018 Sales: 381,400 Units, -4.6% YTD, -13.4% YTY 700,000 600,000

More information

California Housing Market Update. Monthly Sales and Price Statistics August 2018

California Housing Market Update. Monthly Sales and Price Statistics August 2018 California Housing Market Update Monthly Sales and Price Statistics August 2018 Sales Declined for the 4 th Consecutive Month California, August 2018 Sales: 399,600 Units, -2.1% YTD, -6.6% YTY 700,000

More information

Pikes Peak area housing Market Statistics (As of: 2/28/2018)

Pikes Peak area housing Market Statistics (As of: 2/28/2018) Jan-1-1 -1-1 Jan-2-2 -2-2 Jan-3-3 -3-3 -4-4 -4-5 -5-5 -6-6 -6-7 -7-7 -8-8 -8-9 -9-9 -1-1 -1-11 -11-11 -12-12 -12-13 -13-13 -14-14 -14-15 -15-15 -16-16 -16-17 -17-17 Jan-1-1 -1-1 Jan-2-2 -2-2 Jan-3-3 -3-3

More information

Josephine County Residental Market Trends. January Pending Sales New Listings

Josephine County Residental Market Trends. January Pending Sales New Listings Josephine County Residental Market Trends January 217 Pending Sales..2 New Listings..3 Overall activity trends are not a measure of pricing or value for individual properties. Small Sampling sizes can

More information

Jackson County Residental Market Trends. November Pending Sales New Listings

Jackson County Residental Market Trends. November Pending Sales New Listings Jackson County Residental Market Trends November 2017 Pending Sales..2 New Listings..3 Overall activity trends are not a measure of pricing or value for individual properties. Small Sampling sizes can

More information

Pikes Peak area housing Market Statistics (As of: 9/30/2018)

Pikes Peak area housing Market Statistics (As of: 9/30/2018) $156,25 $184, $174,697 $177,2 $21,53 $185,83 $173, $178,29 $172,25 $212,75 $21,95 $226,692 $197,5 $199, $196, $28, $25, $223,95 $216,75 $29,527 $234,9 $218,82 $229,74 $235,518 $231,457 $255, $259,11 $269,98

More information

2019 Housing Market Forecast. Palos Verdes Peninsula AOR January 8, 2019 Jordan G. Levine Senior Economist

2019 Housing Market Forecast. Palos Verdes Peninsula AOR January 8, 2019 Jordan G. Levine Senior Economist 2019 Housing Market Forecast Palos Verdes Peninsula AOR January 8, 2019 Jordan G. Levine Senior Economist Overview Good News: Economic fundamentals solid Homeownership still the dream Rates might not go

More information

Monthly Indicators % % - 9.2%

Monthly Indicators % % - 9.2% Monthly Indicators 2016 New Listings were down 1.4 percent for single family/duplex homes and 25.0 percent for townhouse-condo properties. Pending Sales increased 58.3 percent for single family/duplex

More information

Monthly Indicators + 4.8% - 3.5% %

Monthly Indicators + 4.8% - 3.5% % Monthly Indicators 2015 New Listings were up 45.0 percent for single family/duplex homes but decreased 44.1 percent for townhouse-condo properties. Pending Sales increased 14.3 percent for single family/duplex

More information

RESIDENTIAL REVIEW. Better Technology Better Marketing BETTER RESEARCH Better Education Better Support

RESIDENTIAL REVIEW. Better Technology Better Marketing BETTER RESEARCH Better Education Better Support RESIDENTIAL REVIEW Better Technology Better Marketing BETTER RESEARCH Better Education Better Support TABLE OF CONTENTS 3 Residential Resale Overview 4 Residential Investment Research 5 Better Technology

More information

MLS of Greater Cincinnati - Charts for the Month: November 2017

MLS of Greater Cincinnati - Charts for the Month: November 2017 MLS of Greater Cincinnati - Charts for the Month: November 2017 The following charts provide an overview of what has occurred in the MLS over the past month. Each chart provides a historical trend. The

More information

January 2018 Loudoun County Market Trends Report Inventory has another record low month; home sales continue to decline compared to last year.

January 2018 Loudoun County Market Trends Report Inventory has another record low month; home sales continue to decline compared to last year. FOR IMMEDIATE RELEASE Contact: Brenda Morton 703 777 2468 Dulles Area Association of REALTORS bmorton@dullesarea.com January 2018 Loudoun County Market Trends Report Inventory has another record low month;

More information

Monthly Indicators + 7.3% + 6.6% + 8.3% Single-Family Market Overview Condo Market Overview New Listings Pending Sales.

Monthly Indicators + 7.3% + 6.6% + 8.3% Single-Family Market Overview Condo Market Overview New Listings Pending Sales. Monthly Indicators 2018 The three most prominent national market trends for residential real estate are the ongoing lack of abundant inventory, the steadily upward movement of home prices and year-over-year

More information

2017 RESIDENTIAL REAL ESTATE MARKET REPORT

2017 RESIDENTIAL REAL ESTATE MARKET REPORT 2017 RESIDENTIAL REAL ESTATE MARKET REPORT Published January 26, 2018 Our market reports have been focused on the effects of low inventory on our housing market and for good reason. December 2017 marked

More information

Monthly Indicators % + 9.7% %

Monthly Indicators % + 9.7% % Monthly Indicators 2016 Percent changes calculated using year-over-year comparisons. New Listings were up 11.1 percent for single family homes and down 30.8 percent for townhouse-condo properties. Pending

More information

Monthly Indicators % % %

Monthly Indicators % % % Monthly Indicators 2016 Percent changes calculated using year-over-year comparisons. New Listings were down 27.6 percent for single family homes and 41.8 percent for townhouse-condo properties. Pending

More information

MARCH 2019 Harrisonburg & Rockingham County Real Estate Market Report

MARCH 2019 Harrisonburg & Rockingham County Real Estate Market Report MARCH 219 Real Estate Market Report An analysis of real estate activity through February 28, 219 provided courtesy of Scott P. Rogers, Funkhouser Real Estate Group Spacious Four Bedroom Brick Colonial

More information

Jackson County Residental Market Trends. October Pending Sales New Listings

Jackson County Residental Market Trends. October Pending Sales New Listings Jackson County Residental Market Trends October 2015 Pending Sales..2 New Listings..3 Overall activity trends are not a measure of pricing or value for individual properties. Small Sampling sizes can lead

More information

FEBRUARY 2019 Harrisonburg & Rockingham County Real Estate Market Report

FEBRUARY 2019 Harrisonburg & Rockingham County Real Estate Market Report FEBRUARY 219 Real Estate Market Report An analysis of real estate activity through January 31, 219 provided courtesy of Scott P. Rogers, Funkhouser Real Estate Group Immaculate Brick Highland Park Colonial

More information

NOVEMBER 2018 Harrisonburg & Rockingham County Real Estate Market Report

NOVEMBER 2018 Harrisonburg & Rockingham County Real Estate Market Report NOVEMBER 218 Real Estate Market Report An analysis of real estate activity through October 31, 218 provided courtesy of Scott P. Rogers, Funkhouser Real Estate Group Custom-Built Highland Park Home with

More information

California Housing Market Update. Monthly Sales and Price Statistics January 2018

California Housing Market Update. Monthly Sales and Price Statistics January 2018 California Housing Market Update Monthly Sales and Price Statistics January 2018 Sales Started with a Slight Decrease California, Jan. 2018 Sales: 388,800 Units, -2.9% YTD, -2.9% YTY 700,000 600,000 500,000

More information

OCTOBER 2018 Harrisonburg & Rockingham County Real Estate Market Report

OCTOBER 2018 Harrisonburg & Rockingham County Real Estate Market Report OCTOBER 218 Real Estate Market Report An analysis of real estate activity through September 3, 218 provided courtesy of Scott P. Rogers, Funkhouser Real Estate Group Five Bedroom City Home with Finished

More information

ECONOMIC CURRENTS. Vol. 3, Issue 1. THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction

ECONOMIC CURRENTS. Vol. 3, Issue 1. THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction ECONOMIC CURRENTS THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction Economic Currents provides an overview of the South Florida regional economy. The report contains current employment, economic and real

More information

Charlottesville Housing Market Report Year-End (Published by the Charlottesville Area Association of REALTORS )

Charlottesville Housing Market Report Year-End (Published by the Charlottesville Area Association of REALTORS ) Charlottesville Housing Market Report - 2009 Year-End (Published by the Charlottesville Area Association of REALTORS ) This Quarterly Market Report is produced by the Charlottesville Area Association of

More information

Washington, D.C. Metro Area December 2017 Housing Market Update

Washington, D.C. Metro Area December 2017 Housing Market Update Washington, D.C. Metro Area December 2017 Housing Market Update Washington D.C. Metro housing market closes out 2017 with record high December house price of $420,050; December inventories decline for

More information

Housing Price Forecasts. Illinois and Chicago PMSA, December 2015

Housing Price Forecasts. Illinois and Chicago PMSA, December 2015 Housing Price Forecasts Illinois and Chicago PMSA, December 2015 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public

More information

Bureau of Business Research Webinar Series October 2016

Bureau of Business Research Webinar Series October 2016 Bureau of Business Research Webinar Series October 2016 Presented by Eric Thompson W.W. Marshall Associate Professor of Economics Director, Bureau of Business Research Outline Importance of Affordable

More information

2013 Housing Market Forecast. SILVAR: Los Gatos/Saratoga District October 10, 2012 Leslie Appleton-Young, Vice President & Chief Economist

2013 Housing Market Forecast. SILVAR: Los Gatos/Saratoga District October 10, 2012 Leslie Appleton-Young, Vice President & Chief Economist 2013 Housing Market Forecast SILVAR: Los Gatos/Saratoga District October 10, 2012 Leslie Appleton-Young, Vice President & Chief Economist What we saw from the roof.. C.A.R. NAR THE ECONOMY Recent Housing

More information

THE OUTLOOK FOR HOUSING IN ILLINOIS

THE OUTLOOK FOR HOUSING IN ILLINOIS THE OUTLOOK FOR HOUSING IN ILLINOIS Jonathan Smoke Chief Economist January 25, 2017 NATIONAL TRENDS 2 2000.01 2000.05 2000.09 2001.01 2001.05 2001.09 2002.01 2002.05 2002.09 2003.01 2003.05 2003.09 2004.01

More information

San Francisco Bay Bridge proximity

San Francisco Bay Bridge proximity wood street apartments for sale San Francisco Bay Bridge proximity entitled high density multifamily site ±6.16 acres transit-oriented san francisco/oakland opportunity :: 1401-1599 Wood Street oakland,

More information

Monthly Indicators % % - 3.5%

Monthly Indicators % % - 3.5% Monthly Indicators 2017 New Listings were up 6.3 percent for the category but decreased 33.1 percent for the category. Pending Sales increased 5.0 percent for but decreased 1.3 percent for. The Median

More information

Briefing Book. State of the Housing Market Update San Francisco Mayor s Office of Housing and Community Development.

Briefing Book. State of the Housing Market Update San Francisco Mayor s Office of Housing and Community Development. Briefing Book State of the Housing Market Update 2014 San Francisco Mayor s Office of Housing and Community Development August 2014 Table of Contents Project Background 2 Household Income Background and

More information

HOUSING REPORT WASHTENAW SEPTEMBER 2018

HOUSING REPORT WASHTENAW SEPTEMBER 2018 WASHTENAW SEPTEMBER 2018 Washtenaw County Recovery Run How Much Longer? This month marks the 10-year anniversary of the market peak prior to the burst of the housing bubble. The nationwide median home

More information

M onthly arket. July Table of Contents. Monthly Highlights

M onthly arket.   July Table of Contents. Monthly Highlights Table of Contents Market Inventory...2 www.gaar.com Monthly Highlights The median sale price of single-family, detached homes climbed to $190,000 in July 2014, the highest level since August 2008. Market

More information

MARKET AREA UPDATE Year: 2017 Report as of: 1Q 2Q 3Q 4Q

MARKET AREA UPDATE Year: 2017 Report as of: 1Q 2Q 3Q 4Q MARKET AREA UPDATE Year: 2 Report as of: 1Q 2Q 3Q 4Q Market Area (City, State): Fort Myers/Cape Coral, Florida Provided by (Company / Companies): Real Estate Provided by RDC Member(s): What are the most

More information

Metropolitan Area Statistics

Metropolitan Area Statistics Metropolitan Area Statistics Apartment Completions 1Q 2011 1Q 2012 % Chg Atlanta - - n/a Boston 133 39-71% Chicago - 20 n/a Cleveland - - n/a Columbus - 272 n/a Dallas-Ft. Worth 604 1,059 75% Denver 328

More information

RESIDENTIAL MARKET ANALYSIS

RESIDENTIAL MARKET ANALYSIS RESIDENTIAL MARKET ANALYSIS EVAN ABRAMOWITZ Joseph Bernard Investment Real Estate Oregon Association of Realtors Student Fellow Masters of Real Estate Development Graduate Student National housing market

More information

ECONOMIC CURRENTS. Vol. 3, Issue 3 SOUTH FLORIDA ECONOMIC QUARTERLY. Introduction

ECONOMIC CURRENTS. Vol. 3, Issue 3 SOUTH FLORIDA ECONOMIC QUARTERLY. Introduction ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Economic Currents provides an overview of the South Florida regional economy. The report presents current employment, economic and real

More information

The Florida Housing Market

The Florida Housing Market Florida International University FIU Digital Commons Economics Research Occasional Paper Series Department of Economics 1-2007 The Florida Housing Market Jorge Salazar-Carrillo Department of Economics,

More information

Real gross domestic product California vs. United States

Real gross domestic product California vs. United States Real gross domestic product California vs. United States Percent change, year ago 6 4 U.S. California 2 0-2 -4-6 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: Bureau of Economic Analysis.

More information

Greater Las Vegas Snapshot by Sale Type

Greater Las Vegas Snapshot by Sale Type 9.% Closed Sales Trend by Type December Closings by Type 8.% 7.% 6.% 8% Short Sales 1% 5.% 4.% 3.% Traditional Equity 82% 2.% 1.%.% Greater Las Vegas Snapshot by Sale Type - SFR Only Available List Price

More information

Baltimore, MD Metro Area September 2017 Housing Market Update

Baltimore, MD Metro Area September 2017 Housing Market Update Baltimore, MD Metro Area September 2017 Housing Market Update Baltimore Metro median sales price of $253,000 is near September record; Active inventories decline by 11.4% to lowest September level of the

More information

Home Price Monitor August 2012 National Association of REALTORS

Home Price Monitor August 2012 National Association of REALTORS Home Price Monitor August 2012 National Association of REALTORS Research Division Cutting Through the Noise: Various Home Price Measure Highlights Case Shiller data showed the first annual increase in

More information

MARKET OUTLOOK FOR SAN MATEO

MARKET OUTLOOK FOR SAN MATEO MARKET OUTLOOK FOR SAN MATEO Jonathan Smoke Chief Economist August 2, 2016 NATIONAL TRENDS 2 JOB CREATION REBOUNDED IN JUNE 229,000 jobs created by month in 2015; 172,000 average this year Employment and

More information

4. HOUSEHOLD INCOME AND AFFORDABILITY

4. HOUSEHOLD INCOME AND AFFORDABILITY 4. HOUSEHOLD INCOME AND AFFORDABILITY The analysis of the Household and Affordability section relied primarily on data from the State Department of Housing and Community Development (HCD), California Tax

More information

Denver-Aurora-Lakewood, CO CBSA

Denver-Aurora-Lakewood, CO CBSA MARKET REPORT Denver-Aurora-Lakewood, CO CBSA The tight labor market continues to put a strain on new development. In some cases, larger developers are choosing to remain on the sidelines and leave the

More information

August 2017 Loudoun County Market Trends Report Sales Price Reaches Record High; Sales Decline; Inventory Remains Low

August 2017 Loudoun County Market Trends Report Sales Price Reaches Record High; Sales Decline; Inventory Remains Low FOR IMMEDIATE RELEASE Contact: Christine Windle 703 777 2468 Dulles Area Association of REALTORS cwindle@dullesarea.com August 2017 Loudoun County Market Trends Report Sales Price Reaches Record High;

More information

CAAR Market Report 2010 Mid-Year Published by the Charlottesville Area Association of REALTORS

CAAR Market Report 2010 Mid-Year Published by the Charlottesville Area Association of REALTORS CAAR Market Report 2010 Mid-Year Published by the Charlottesville Area Association of REALTORS Where Are We Now? The pace of home purchases in the Charlottesville market area showed a significant increase

More information

1200 Premier Drive, Suite 140 Chattanooga, TN Each office is independently owned and operated.

1200 Premier Drive, Suite 140 Chattanooga, TN Each office is independently owned and operated. THIS MONTH IN REAL ESTATE K im aulston R REALTOR 1200 Premier Drive, Suite 140 Chattanooga, TN 37421 Each office is independently owned and operated. Cell: 423-316-4022 Office: 423-664-1600 Email: kcraulston@gmail.com

More information

Economic Outlook in Uncertain Times

Economic Outlook in Uncertain Times Economic Outlook in Uncertain Times Lawrence Yun, Ph.D. Chief Economist NATIONAL ASSOCIATION OF REALTORS Presentation to Silicon Valley Association of REALTORS October 11, 2010 Federal Reserve FOMC Ben

More information

Briefing Book. State of the Housing Market Update San Francisco Mayor s Office of Housing and Community Development

Briefing Book. State of the Housing Market Update San Francisco Mayor s Office of Housing and Community Development Briefing Book State of the Housing Market Update 2014 San Francisco Mayor s Office of Housing and Community Development August 2014 Table of Contents Project Background 2 Household Income Background and

More information

HOUSING MARKET ANALYSIS

HOUSING MARKET ANALYSIS HOUSING MARKET ANALYSIS NGAN NGUYEN Oregon Association of Realtors Student Fellow & Certificate of Real Estate Development Graduate Student National housing market statistics reflect a decreasing prices

More information

TEXAS HOUSING INSIGHT

TEXAS HOUSING INSIGHT TEXAS HOUSING INSIGHT JAMES P. GAINES CHIEF ECONOMIST WESLEY MILLER RESEARCH ASSISTANT BAILEY CUADRA RESEARCH ASSISTANT LUIS B. TORRES RESEARCH ECONOMIST TECHNICAL REPORT 2 1 2 0 OCTOBER 2017 TR Contents

More information

Monthly Market Watch for the Prescott Quad City Area. Provided by Keller Williams Check Realty Statistics from August 2012 Prescott MLS

Monthly Market Watch for the Prescott Quad City Area. Provided by Keller Williams Check Realty Statistics from August 2012 Prescott MLS August 2012 Monthly Market Watch for the Prescott Quad City Area Provided by Keller Williams Check Realty Statistics from August 2012 Prescott MLS Report Overview: This report includes MLS data for the

More information

Monthly Indicators % % %

Monthly Indicators % % % Monthly Indicators 2018 Percent changes calculated using year-over-year comparisons. New Listings were down 12.9 percent for single family homes and 21.3 percent for townhouse-condo properties. Pending

More information

Housing Price Forecasts. Illinois and Chicago PMSA, June 2012

Housing Price Forecasts. Illinois and Chicago PMSA, June 2012 Housing Price Forecasts Illinois and Chicago PMSA, June 2012 Presented To Illinois Association of REALTORS From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs

More information

MARKET AREA UPDATE Year: 2018 Report as of: 1Q 2Q 3Q 4Q

MARKET AREA UPDATE Year: 2018 Report as of: 1Q 2Q 3Q 4Q MARKET AREA UPDATE Year: 2 Report as of: 1Q 2Q 3Q 4Q Market Area (City, State): Dallas-Fort Worth & N. Texas Metropolitan Area Provided by (Company / Companies): Coldwell Banker Residential Brokerage,

More information

San Francisco Bay Area to Alameda and Contra Costa Counties Housing and Economic Outlook

San Francisco Bay Area to Alameda and Contra Costa Counties Housing and Economic Outlook San Francisco Bay Area to 2020 Alameda and Contra Costa Counties Housing and Economic Outlook Economic Forecast Summary 2017 Presented by Pacific Union International, Inc. and John Burns Real Estate Consulting,

More information

San Francisco Bay Area to Marin, San Francisco, and San Mateo Counties Housing and Economic Outlook

San Francisco Bay Area to Marin, San Francisco, and San Mateo Counties Housing and Economic Outlook San Francisco Bay Area to 2020 Marin, San Francisco, and San Mateo Counties Housing and Economic Outlook Economic Forecast Summary 2017 Presented by Pacific Union International, Inc. and John Burns Real

More information

Manhattan Residential Rental Market Report

Manhattan Residential Rental Market Report Manhattan Residential Rental Market Report Second Quarter 217 Second Quarter 217 This report follows overall conditions in the Manhattan rental market during June as well as throughout the second quarter

More information

YTD TOTAL VOLUME YTD SOLD PROPERTIES Q: WHAT IS YOUR HOME WORTH? A: CALL ME. SOLD DOM

YTD TOTAL VOLUME YTD SOLD PROPERTIES Q: WHAT IS YOUR HOME WORTH? A: CALL ME. SOLD DOM SOLD DOM 2012-13 2013-14 2014-15 306 387 324 Q: WHAT IS YOUR HOME WORTH? A: CALL ME. YTD SOLD PROPERTIES YTD TOTAL VOLUME CONDO & TOWN CONDO MEDIAN HOME SALES MEDIAN PRICE SALES PRICE 2013 2014 2015 2013

More information

May 2008 MLS Month in Review

May 2008 MLS Month in Review May 28 MLS Month in Review The Albuquerque Market continues to improve, and it s evident that finally, the negative media is turning into positive media. This month s TOP Selling Price Range is $2K to

More information

MARKET AREA UPDATE Report as of: 1Q 2Q 3Q 4Q

MARKET AREA UPDATE Report as of: 1Q 2Q 3Q 4Q MARKET AREA UPDATE Report as of: 1Q 2Q 3Q 4Q Year: 2013 Market Area (City, State): Washington DC Metropolitan Area Provided by (Company / Companies): LONG & FOSTER REAL ESTATE, INC. What are the most significant

More information

Demand down with net migration

Demand down with net migration July 1 Demand down with net migration City of Calgary, August, 1 In step with City census data on declining net migration levels, housing sales activity totaled 1,71 units in July, a 1. per cent decrease

More information

Modeling Housing Affordability in Corpus Christi, Texas

Modeling Housing Affordability in Corpus Christi, Texas Modeling Housing Affordability in Corpus Christi, Texas December 13, 2018 Overview I. Background II. Owner-Occupied Housing Affordability III. Renter-Occupied Housing Affordability IV. Future Housing Needs

More information

2016 ECONOMIC AND HOUSING MARKET FORECAST

2016 ECONOMIC AND HOUSING MARKET FORECAST 2016 ECONOMIC AND HOUSING MARKET FORECAST April 06, 2016 San Francisco Association of REALTORS Oscar Wei, Senior Economist of C.A.R. OVERVIEW Economic Outlook California Housing Market Outlook Regional

More information

TEXAS HOUSING INSIGHT

TEXAS HOUSING INSIGHT TEXAS HOUSING INSIGHT JAMES P. GAINES CHIEF ECONOMIST WESLEY MILLER RESEARCH ASSOCIATE PAIGE WOODSON RESEARCH INTERN LUIS B. TORRES RESEARCH ECONOMIST 2 1 2 0 REPORTING AUGUST 2018 DATA TECHNICAL REPORT

More information

November 1, 2016 Sacramento AOR Membership Meeting Oscar Wei, Senior Economist of C.A.R.

November 1, 2016 Sacramento AOR Membership Meeting Oscar Wei, Senior Economist of C.A.R. November 1, 2016 Sacramento AOR Membership Meeting Oscar Wei, Senior Economist of C.A.R. Overview Economic Outlook California Housing Market Outlook Regional Housing Market Outlook 2017 Forecast Economic

More information

Monthly Indicators. October 2010

Monthly Indicators. October 2010 37-2 Monthly Indicators 31-3 31-5 31-1 41-2 31-2 31-3 41-1 21-1 31-4 37-4 37-6 41-4 20 26-1 21-2 26-2 26-3 26-4 2010 26-7 26-5 26-6 9-1 9-2 9-4 22-1 22-2 22 (3-7) 55-2 16 17 10 11 25 55-1 60 59 23 18 12

More information

Housing Price Forecasts. Illinois and Chicago PMSA, October 2014

Housing Price Forecasts. Illinois and Chicago PMSA, October 2014 Housing Price Forecasts Illinois and Chicago PMSA, October 2014 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public

More information

CALIFORNIA ECONOMIC & MARKET OUTLOOK. October 29,2014 SILVAR Leslie Appleton-Young, Chief Economist

CALIFORNIA ECONOMIC & MARKET OUTLOOK. October 29,2014 SILVAR Leslie Appleton-Young, Chief Economist 2014-2015 CALIFORNIA ECONOMIC & MARKET OUTLOOK October 29,2014 SILVAR Leslie Appleton-Young, Chief Economist OVERVIEW Economic Outlook California Housing Market Outlook Housing Affordability Regional Market

More information

MONTHLY STATISTICS PACKAGE. City of Calgary. May creb.com

MONTHLY STATISTICS PACKAGE. City of Calgary. May creb.com MONTHLY STATISTICS PACKAGE City of Calgary May 1 creb.com Housing supply swells in cool spring market MONTHLY STATISTICS PACKAGE City of Calgary May 1 City of Calgary, June 1, 1 Calgary s housing inventory

More information

San Francisco Bay Area to Santa Clara and San Benito Counties Housing and Economic Outlook

San Francisco Bay Area to Santa Clara and San Benito Counties Housing and Economic Outlook San Francisco Bay Area to 2020 Santa Clara and San Benito Counties Housing and Economic Outlook Economic Forecast Summary 2017 Presented by Pacific Union International, Inc. and John Burns Real Estate

More information

San Francisco Bay Area to Santa Clara & San Benito Counties Housing and Economic Outlook

San Francisco Bay Area to Santa Clara & San Benito Counties Housing and Economic Outlook San Francisco Bay Area to 019 Santa Clara & San Benito Counties Housing and Economic Outlook Bay Area Economic Forecast Summary Presented by Pacific Union International, Inc. and John Burns Real Estate

More information

RESIDENTIAL MARKET ANALYSIS

RESIDENTIAL MARKET ANALYSIS RESIDENTIAL MARKET ANALYSIS EVAN ABRAMOWITZ RMLS Student Fellow Master of Real Estate Development Graduate Student September existing-home sales declined modestly, but inventory continued to tighten and

More information

FOR IMMEDIATE RELEASE Contact: Brenda Morton Dulles Area Association of REALTORS

FOR IMMEDIATE RELEASE Contact: Brenda Morton Dulles Area Association of REALTORS FOR IMMEDIATE RELEASE Contact: Brenda Morton 703 777 2468 Dulles Area Association of REALTORS bmorton@dullesarea.com August 2018 Loudoun County Market Trends Report Despite persistent low inventory, sales

More information

Housing and Mortgage Market Update

Housing and Mortgage Market Update Housing and Mortgage Market Update Views from the Top Frank E. Nothaft Vice President and Chief Economist January 8, 2015 Summary: Housing & Mortgage Market Outlook for 2015 Interest rates expected to

More information

ECONOMIC CURRENTS. Vol. 5 Issue 2 SOUTH FLORIDA ECONOMIC QUARTERLY. Key Findings, 2 nd Quarter, 2015

ECONOMIC CURRENTS. Vol. 5 Issue 2 SOUTH FLORIDA ECONOMIC QUARTERLY. Key Findings, 2 nd Quarter, 2015 ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Economic Currents provides an overview of the South Florida regional economy. The report presents current employment, economic and real

More information

U.S. Economic and Institutional Apartment Market Overview and Outlook. January 7, 2015

U.S. Economic and Institutional Apartment Market Overview and Outlook. January 7, 2015 U.S. Economic and Institutional Apartment Market Overview and Outlook January 7, 2015 Emerging Economic Trends Inflation Adjusted Crude Oil Prices In Alignment with Long-Term Average Price per Barrel (Nov.

More information

MARKET AREA UPDATE Report as of: 1Q 2Q 3Q 4Q

MARKET AREA UPDATE Report as of: 1Q 2Q 3Q 4Q MARKET AREA UPDATE Report as of: 1Q 2Q 3Q 4Q Year: 2013 Market Area (City, State): Arlington, Virginia Provided by (Company / Companies): McEnearney Associates, Inc. Realtors What are the most significant

More information

San Francisco Bay Area to Napa County Housing and Economic Outlook

San Francisco Bay Area to Napa County Housing and Economic Outlook San Francisco Bay Area to 019 Napa County Housing and Economic Outlook Bay Area Economic Forecast Summary Presented by Pacific Union International, Inc. and John Burns Real Estate Consulting, LLC On Nov.

More information

Economic and Housing Market Outlook ( ) October 31, Contra Costa AOR

Economic and Housing Market Outlook ( ) October 31, Contra Costa AOR Economic and Housing Market Outlook (2012 2013) Contra Costa AOR October 31, 2012 Oscar Wei Senior Research Analyst California Association of REALTORS Overview US and California Economies California Housing

More information

REGIONAL. Rental Housing in San Joaquin County

REGIONAL. Rental Housing in San Joaquin County Lodi 12 EBERHARDT SCHOOL OF BUSINESS Business Forecasting Center in partnership with San Joaquin Council of Governments 99 26 5 205 Tracy 4 Lathrop Stockton 120 Manteca Ripon Escalon REGIONAL analyst april

More information

The San Francisco Bay Area Apartment Building Market

The San Francisco Bay Area Apartment Building Market The San Francisco Bay Area Apartment Building Market April 2018 Market Report Main Focus on 2-4 Unit Buildings For San Francisco, Alameda & Marin Counties Sales in Millions of Dollars San Francisco Apartment

More information

November 2017 Loudoun County Market Trends Report Inventory decline persists as total and new listings are down; Sales growth continues to drop

November 2017 Loudoun County Market Trends Report Inventory decline persists as total and new listings are down; Sales growth continues to drop FOR IMMEDIATE RELEASE Contact: Brenda Morton 703 777 2468 Dulles Area Association of REALTORS bmorton@dullesarea.com November 2017 Loudoun County Market Trends Report Inventory decline persists as total

More information

Affordability First: Concerns about Preserving Housing Options for Existing and New Residents on Atlanta s Westside

Affordability First: Concerns about Preserving Housing Options for Existing and New Residents on Atlanta s Westside Affordability First: Concerns about Preserving Housing Options for Existing and New Residents on Atlanta s Westside Recent Trends in Median Rents on the Westside Dan Immergluck Professor School of City

More information

HOUSING MARKET ANALYSIS

HOUSING MARKET ANALYSIS HOUSING MARKET ANALYSIS EVAN ABRAMOWITZ Joseph Bernard Investment Real Estate Oregon Association of Realtors Student Fellow & Masters of Real Estate Development Graduate Student National housing market

More information

AAug ugust 2017

AAug ugust 2017 August 17 17 Housing recovery a balancing act Growth in new listings outpaced sales preventing inventory declines City of Calgary, September 1, 17 Sales posted a modest gain in August, but a rise in new

More information