Median Income and Median Home Price
|
|
- Grant Golden
- 5 years ago
- Views:
Transcription
1 Homeownership Remains Unaffordable; Rental Affordability Showing Signs of Improvement Richard E. Taylor, Research Manager at MaineHousing MaineHousing has released the 217 Maine Homeownership and Rental Affordability Index. The index indicates buying or renting a home in Maine remains unaffordable. The index provides a statewide, county and local breakdown of home buying and rental affordability. The index calculation is based on the ratio of home prices affordable at median household income to median home price. A ratio at or above 1 indicates homes are affordable while below 1 indicates they are unaffordable. Homeownership Remains Unaffordable In 217, home buying in Maine remained unaffordable for the second year in a row as the index moved from.97 down to.93. The median home price increased 7.1%, or $13, to a postrecession high of $197,. Driving the affordability gap, median household income has not kept pace, rising only 4.3% to $53,19, also a post-recession high. As the market began recovering in 21, the combination of higher inventories of foreclosed and low cost homes, historically low interest rates, and income growth outpacing home prices led to a brief two year time frame, , when buying a home became affordable at median income. After 215, the gap between income and median home prices narrowed and home buying returned to being unaffordable. $2, $195, $19, $185, $18, $175, $17, $165, $16, $155, Median Income and Median Home Price $54, $53, $52, $51, $5, $49, $48, $47, $46, $45, $44, Median Home Price Source: US Census, ACS 1 Year Survey and Maine Association of Realtors Median Income The Inventory Problem High demand and low inventory pushes up home prices. The current dearth of new construction and the increased use of single-family units as rentals (12% increase) combined with a declining population and slowing in-migration, have contributed to slower household formation and low inventory. Additionally, many of the single-family homes being rented were those of owners who were underwater or in negative equity. Though increasing home values and sales prices have lessened that issue, many owners may have kept the property as a rental because demand for rental 1
2 Homeownership Rate Vacancy Rate Inventory units remained strong. The average days on market in Maine has gone from 78 in 213 to 35 in 217. Based on current sales rates, there is about 6 months of inventory available. As we move from spring to summer that inventory will likely decrease Single-Family Unit Inventory Maine 1st Qtr 218 Source: Zillow Inventory Historical Changes Maine s homeownership rate, among the highest in the nation has been declining since the peak of the pre-recession housing boom. The decline in vacancies has been less steady but took the most considerable one-year drop from 216 to 217 when vacancies reached a 12 year annual low of 1.2 percent. Average Annual Homeownership and Vacancy Rates and 218 1st Quarter Annual Average Ownneship Rate Annual Average Home Vacancy Rate Source: US Census, Ownership Rate and Housing Vacancy Survey 2
3 Total Valuation Units More Expensive New Units Increasing costs of land, building materials, and labor are driving the cost of new single-family development upward putting many of the new units out of reach for first time home buyers. This trend will likely force younger buyers who do decide to buy to purchase existing homes as opposed to new regardless of the financing program. Total Valuation and Permits for Single-Family Homes $1,4, 9, $1,2, $1,, $8, $755,783 8, 7, 6, 5, $6, $4, $2, Single Family Unit Value Single Family Units 3,583 4, 3, 2, 1, $ Source: US Census, Residential Construction Survey, Units Authorized, Table 2u Unadjusted The Shift to Renting Continues Current flat homes sales in Maine may be due, in part, to the continued shift to renting. Households 64 and younger continue to rent in increasing numbers. Those households in the 25 to 54 age cohorts have historically bought homes at greater rates than other age groups. For households 25 to 34, continuing to rent is attributed to high home prices, student debt, and the locational preferences of younger Maine residents. 3
4 Renting Is Still Unaffordable but Improving The rental affordability index measurement is based on the ratio of a 2-bedroom rent affordable at median renter income to average 2-bedroom price. In 217, renting an apartment remained unaffordable but the statewide index score improved to.88 up from.85 in 216. The improving affordability index score is due primarily to a leveling off of average two-bedroom rents and improvements in renter incomes Affordable MaineHousing Affordability Index Jan-9 1-Jan-1 1-Jan-11 1-Jan-12 1-Jan-13 1-Jan-14 1-Jan-15 1-Jan-16 1-Jan-17 Home Ownership Renting Source: MaineHousing More Rental Units but Fewer Affordable The rental vacancy rate has reached its lowest point in over a decade but there are fewer affordable units in stock. The supply of affordable rental units has shrunk by over 6, units since 211. This is approximately the same number of homes that have fallen from the owned category between 211 and 216 and may reflect the growth in single-family rental units. The increase in single-family rental units which are generally larger homes has likely contributed to increased rents and subsequently, continued market unaffordability. As with single-family owned units, multifamily construction activity has increased but has yet to return to pre-recession levels. 4
5 Shrinking Supply of Affordable Rents 16, 14, 12, 1, 8, 6, 4, 2, 1,65 2,751 28,731 38,21 36,465 39,32 49,784 45,455 22,395 19, < $4 $4-749 $ $1,-1,999 $2,+ Source: ACS 5-Year, 211&16, Table B2563 Maine Average Annual Rental Vacancy Rate and 1st Quarter US Census: Rental Vacancy Rate Survey Current market conditions indicate that home prices will continue to rise as inventory remains tight. Buying a home will remain out of reach for a growing number of Maine residents. On the rental side of the equation, various forecasts have predicted a softening of rents, as the MaineHousing index suggests. The forecasts of rental prices leveling off are largely based on greater participation in home ownership, particularly among prime age buyers. If rental prices are beginning to decrease, the decrease is not occurring at the levels needed to bring rental prices down to an affordable level. 5
Quarterly Housing Market Update
Quarterly Housing Market Update An Overview New Hampshire s current housing market performance, as well as its overall economy, is slowly improving, with positives such as increasing employment and rising
More informationHousing Market Update
Housing Market Update March 2017 New Hampshire s Housing Market and Challenges Market Overview Dean J. Christon Executive Director, New Hampshire Housing Finance Authority New Hampshire s current housing
More informationConnecticut First Nine Months Housing Report 2014
Connecticut First Nine Months Housing Report 2014 First Nine Months of 2014 Highlight Positive Outlook for Multi-family Home Construction Millennial buyers are finally increasing their rate of household
More informationMultifamily Market Commentary December 2015 Single-Family Rental Sector Attracting Institutional Investment
Multifamily Market Commentary December 2015 Single-Family Rental Sector Attracting Institutional Investment Prior to the Great Recession, the cratering of single-family home prices, and declines in the
More informationNothing Draws a Crowd Like a Crowd: The Outlook for Home Sales
APRIL 2018 Nothing Draws a Crowd Like a Crowd: The Outlook for Home Sales The U.S. economy posted strong growth with fourth quarter 2017 Real Gross Domestic Product (real GDP) growth revised upwards to
More information} Construction jobs have
Texas Housing Market Finally Building a Solid Recovery By D Ann Petersen } Construction jobs have contributed to total employment consistently beginning this year, making construction the last of the major
More informationHousing 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 informationCity of Lonsdale Section Table of Contents
City of Lonsdale City of Lonsdale Section Table of Contents Page Introduction Demographic Data Overview Population Estimates and Trends Population Projections Population by Age Household Estimates and
More informationMinneapolis St. Paul Residential Real Estate Index
University of St. Thomas Minneapolis St. Paul Residential Real Estate Index Welcome to the latest edition of the UST Minneapolis St. Paul Residential Real Estate Index. The University of St Thomas Residential
More informationHousing Market Update
Housing Market Update September 2017 EXECUTIVE SUMMARY TIGHT HOUSING MARKET CONTINUES, REFLECTS LOW INVENTORY AND HIGHER PRICES Dean J. Christon, Executive Director September 2017 The trend continues in
More informationMassachusetts 2016 First Quarter Housing Report
Massachusetts 2016 First Quarter Housing Report Outlook for 2016 Positive as Unit Sales Continue to Climb The re-entry of boomerang buyers and potential for millennial homeownership point to a strengthening
More informationOBSERVATION. TD Economics IS THE AMERICAN HOUSING REBOUND SUSTAINABLE?
OBSERVATION TD Economics IS THE AMERICAN HOUSING REBOUND SUSTAINABLE? Highlights 2012 was a very good year for the U.S. housing market. Home prices were up almost 8% and housing starts by close to 30%.
More informationState of the Nation s Housing 2011: A Preview
State of the Nation s Housing 2011: A Preview Christopher Herbert Remodeling Futures Conference April 5, 2011 www.jchs.harvard.edu No Signs of a Recovery Yet % Change % Change Description: 2008 2009 2010
More informationEconomic Highlights. Payroll Employment Growth by State 1. Durable Goods 2. The Conference Board Consumer Confidence Index 3
August 26, 2009 Economic Highlights Southeastern Employment Payroll Employment Growth by State 1 Manufacturing Durable Goods 2 Consumer Spending The Conference Board Consumer Confidence Index 3 Real Estate
More informationHousing Price Forecasts. Illinois and Chicago PMSA, March 2018
Housing Price Forecasts Illinois and Chicago PMSA, March 2018 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationREGIONAL. 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 informationSELF-STORAGE REPORT VIEWPOINT 2017 / COMMERCIAL REAL ESTATE TRENDS. By: Steven J. Johnson, MAI, Senior Managing Director, IRR-Metro LA. irr.
SELF-STORAGE REPORT VIEWPOINT 2017 / COMMERCIAL REAL ESTATE TRENDS By: Steven J. Johnson, MAI, Senior Managing Director, IRR-Metro LA The Self Storage Story The self-storage sector has been enjoying solid
More informationCONTINUED STRONG DEMAND
Rental Housing Although slowing, renter household growth continued to soar in 13. The strength of demand has kept rental markets tight across the country, pushing up rents and spurring new construction.
More informationThe Knox County HOUSING MARKET
T E C H REPORT SERIES The Knox HOUSING MARKET Date: August 2007 For more information: MPC Contact Person: Bryan Berry 215-2500 MPC Website and e-mail www.knoxmpc.org contact@knoxmpc.org INTRODUCTION In
More information2018 Real Estate Forecast Breakfast. Real Estate Market Update
2018 Real Estate Forecast Breakfast Central Oregon Association of REALTORS Real Estate Market Update Paul C. Bishop, PhD, CBE Vice President, Research NATIONAL ASSOCIATION OF REALTORS February 22, 2018
More informationanalyst REGIONAL San Joaquin County Housing: Current Challenges, Future Needs Stockton
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 december
More informationECONOMIC 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 informationCALIFORNIA ECONOMIC & MARKET OUTLOOK. October 29,2014 Contra Costa Association of REALTORS Leslie Appleton Young, Chief Economist
2014 2015 CALIFORNIA ECONOMIC & MARKET OUTLOOK October 29,2014 Contra Costa Association of REALTORS Leslie Appleton Young, Chief Economist OVERVIEW Economic Outlook California Housing Market Outlook Housing
More informationANALYSIS OF THE CENTRAL VIRGINIA AREA HOUSING MARKET 1st quarter 2013 By Lisa A. Sturtevant, PhD George Mason University Center for Regional Analysis
ANALYSIS OF THE CENTRAL VIRGINIA AREA HOUSING MARKET 1st quarter By Lisa A. Sturtevant, PhD George Mason University Center for Regional Analysis Economic Overview Key economic factors in the first quarter
More informationINLAND EMPIRE REGIONAL INTELLIGENCE REPORT. School of Business. April 2018
INLAND EMPIRE REGIONAL INTELLIGENCE REPORT April 2018 Key economic indicators suggest that the Inland Empire s economy will continue to expand throughout the rest of 2018, building upon its recent growth.
More informationOVERVIEW OF RECENT/EXPECTED ECONOMIC/ HOUSING MARKET CONDITIONS
OVERVIEW OF RECENT/EXPECTED ECONOMIC/ HOUSING MARKET CONDITIONS STRONG ECONOMIC FUNDAMENTALS *BUT* EXTRAORDINARY SHORT-TERM FACTORS RESULTING IN MAJOR SHIFTS IN TYPES OF HOUSING PRODUCTS AND GEOGRAPHICAL
More informationThe state of the nation s Housing 2011
The state of the nation s Housing 2011 Fact Sheet PURPOSE The State of the Nation s Housing report has been released annually by Harvard University s Joint Center for Housing Studies since 1988. Now in
More informationrd Quarter Market Report
2012 3 rd Quarter Market Report The voice of real estate in Central Virginia CAAR Member Copy Expanded Edition Charlottesville Area 3 rd Quarter 2012 Highlights: Overall sales in Greater Charlottesville
More informationBriefing 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 informationSeptember 2016 RESIDENTIAL MARKET REPORT
September 2016 RESIDENTIAL MARKET REPORT The real estate investment market in Japan has had an abundance of capital (both domestic & foreign) over the past couple of years. This, along with the low (now
More informationCharacteristics of Recent Home Buyers
Characteristics of Recent Home Buyers Special Studies, February 1, 2019 By Carmel Ford Economics and Housing Policy National Association of Home Builders Introduction To analyze home buyers NAHB uses the
More informationECONOMIC CURRENTS. Vol. 4, Issue 3. THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY
ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Vol. 4, Issue 3 Economic Currents provides an overview of the South Florida regional economy. The report presents current employment,
More informationThe supply of single-family homes for sale remains
Oh Give Me a (Single-Family Rental) Home Harold D. Hunt and Clare Losey December, 18 Publication 2218 The supply of single-family homes for sale remains tight in many markets across the United States.
More informationHousing 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 informationMinneapolis St. Paul Residential Real Estate Index
University of St. Thomas Minneapolis St. Paul Residential Real Estate Index September 2017 Welcome to the latest edition of the UST Minneapolis St. Paul Residential Real Estate Index. The University of
More informationHousing Price Forecasts. Illinois and Chicago PMSA, August 2017
Housing Price Forecasts Illinois and Chicago PMSA, August 2017 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationCity of Exeter Housing Element
D. Housing Stock Characteristics Government Code Section 65583(a) requires an analysis and documentation of household characteristics, including level of payment compared to ability to pay, housing characteristics,
More informationState of the Nation s Housing 2008: A Preview
State of the Nation s Housing 28: A Preview Eric S. Belsky Remodeling Futures Conference April 15, 28 www.jchs.harvard.edu The Housing Market Has Suffered Steep Declines Percent Change Median Existing
More informationHousing Price Forecasts. Illinois and Chicago PMSA, July 2016
Housing Price Forecasts Illinois and Chicago PMSA, July 2016 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs
More informationYoung-Adult Housing Demand Continues to Slide, But Young Homeowners Experience Vastly Improved Affordability
Young-Adult Housing Demand Continues to Slide, But Young Homeowners Experience Vastly Improved Affordability September 3, 14 The bad news is that household formation and homeownership among young adults
More informationMonthly Market Snapshot
SEPTEMBER 2018 Vacancy continues to fall. Nearing the end of the third quarter, the vacancy rate dropped 10 basis points to 6.4%, compared to this time last month at 6.5%. Occupancy of the 1.1 million
More informationSTRENGTHENING RENTER DEMAND
5 Rental Housing Rental housing markets experienced another strong year in 2012, with the number of renter households rising by over 1.1 million and marking a decade of unprecedented growth. New construction
More informationModeling 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 informationMonthly Indicators - 8.0% + 4.2% - 3.4% Activity Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price
Monthly Indicators 2018 If the last few months are an indication of the temperature of housing markets across the country, a period of relative calm can be expected during the last three months of the
More informationHousing Price Forecasts. Illinois and Chicago PMSA, April 2018
Housing Price Forecasts Illinois and Chicago PMSA, April 2018 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationHousing Price Forecasts. Illinois and Chicago PMSA, August 2016
Housing Price Forecasts Illinois and Chicago PMSA, August 2016 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public
More informationRegional Snapshot: Affordable Housing
Regional Snapshot: Affordable Housing Photo credit: City of Atlanta Atlanta Regional Commission, June 2017 For more information, contact: mcarnathan@atlantaregional.com Summary Home ownership and household
More informationTRENDS IN HOUSING AND BROKERAGE. A discussion by REAL Trends Iowa Association of Realtors July 26, 2017
TRENDS IN HOUSING AND BROKERAGE A discussion by REAL Trends Iowa Association of Realtors July 26, 2017 Trends in Housing and Brokerage 2017 National trends House price trends Homeownership rate Household
More informationAffordably- Priced Housing
Affordably- Priced Housing Can the next generation afford to live in Chester County? Chester County Planning Commission This slide deck is an annotated version of one presented at the Chesco2020 Affordably-Priced
More informationBriefing 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 informationHousing 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 informationHousing Price Forecasts. Illinois and Chicago PMSA, January 2019
Housing Price Forecasts Illinois and Chicago PMSA, January 2019 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationHousing Price Forecasts. Illinois and Chicago PMSA, March 2017
Housing Price Forecasts Illinois and Chicago PMSA, March 2017 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationFY General Revenue Forecast Presentation
FY 2015-2019 General Revenue Forecast Presentation Steven A. Solomon Director of Finance February 18, 2014 Overview Current Economic Outlook National State Local FY 2014 2nd Quarter Revenue Update Five
More informationNew affordable housing production hits record low in 2014
1 Falling Further Behind: Housing Production in the Twin Cities Region December 2015 Key findings Only a small percentage of added housing units were affordable to households with low and moderate incomes.
More informationHousing Price Forecasts. Illinois and Chicago PMSA, March 2016
Housing Price Forecasts Illinois and Chicago PMSA, March 2016 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs
More informationRental Housing: Poised for a Return to Growth
Rental Housing: Poised for a Return to Growth Christopher Herbert Remodeling Futures Conference November 9, 21 www.jchs.harvard.edu Summary of Ongoing Joint Center Research on The Rental Housing Market
More informationFor the Reno MSA employment has historically been based largely on construction and the leisure and hospitality industry. The construction industry
For the Reno MSA employment has historically been based largely on construction and the leisure and hospitality industry. The construction industry has lost almost 15,000 construction jobs since 2006,
More informationIndiana s Housing Market in 2014:
Indiana s Housing Market in 2014: Moving toward Stability Prepared for Indiana Association of REALTORS December 2014 Indiana s Housing Market in 2014: Moving toward Stability December 2014 Prepared for
More informationHousing Market Outlook Trois-Rivières CMA
H o u s i n g M a r k e t I n f o r m a t i o n Housing Market Outlook C a n a d a M o r t g a g e a n d H o u s i n g C o r p o r a t i o n Date Released: Fall 2011 Activity to remain strong in 2011 and
More informationHGAR HUDSON GATEWAY ASSOCIATION OF REALTORS, INC.
HGAR HUDSON GATEWAY ASSOCIATION OF REALTORS, INC. HUDSON GATEWAY ASSOCIATION OF REALTORS, INC. 60 South Broadway, White Plains, New York 10601 914.681.0833 Fax 914.681.6044 www.hgar.com 9 Coates Drive,
More informationRapid recovery from the Great Recession, buoyed
Game of Homes The Supply-Demand Struggle Laila Assanie, Sarah Greer, and Luis B. Torres October 4, 2016 Publication 2143 Rapid recovery from the Great Recession, buoyed by the shale oil boom, has fueled
More informationHas The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2.
Research & Forecast Report OAKLAND METROPOLITAN AREA OFFICE Q1 Has The Office Market Reached A Peak? > > Vacancy remained low at 5. > > Net Absorption was positive 8,399 in the first quarter > > Gross
More informationAnnual Report On Our National Real Estate Market
A TWINCITIESPROPERTYFINDER.COM RESOURCE Annual Report On Our National Real Estate Market 1 Contents Industry Facts 3 Mortgage Stats 4 Distressed Properties & Price Information 5 Today s Buyer 6 First-Time
More informationMANHATTAN MARKET REPORT. 2nd Quarter 2017 RESALE
MANHATTAN MARKET REPORT 2nd Quarter 2017 RESALE LETTER FROM THE PRESIDENT We are pleased to introduce the very first Berkshire Hathaway HomeServices New York Properties Manhattan Market Report, featuring
More information2017 MORTGAGE MARKET OUTLOOK: EXECUTIVE HOUSING REPORT JANUARY 2017
2017 MORTGAGE MARKET OUTLOOK: EXECUTIVE HOUSING REPORT JANUARY 2017 1 2017 FORECAST OVERVIEW For the 2017 housing market, the outlook is generally positive. The long recovery from the elevated delinquency
More informationState of the Housing Market in Bristol 2013
State of the Housing Market in Bristol 2013 Housing Stock Bristol has 190,000 homes, and plans to increase this by around 13,000 by 2026. Currently 15% of stock is owned by the city council, 6% by housing
More informationOwner spending on improvements to existing homes also rose over the past year. Benefiting from strengthening house sales, CONSTRUCTION RECOVERY
2 Housing Markets After another year of healthy growth in 213, the housing market paused in the first quarter of 214. The renewed weakness in residential construction, sales, and prices raised fears that
More informationTHE REAL ESTATE BOARD OF NEW YORK
THE REAL ESTATE BOARD OF NEW YORK REAL ESTATE BROKER CONFIDENCE INDEX FIRST QUARTER 2018 EXECUTIVE SUMMARY The Real Estate Board of New York s (REBNY) Real Estate Broker Index for the first quarter of
More informationINLAND EMPIRE REGIONAL INTELLIGENCE REPORT
INLAND EMPIRE REGIONAL INTELLIGENCE REPORT June 2016 EMPLOYMENT After a slow start to 2016, the Inland Empire s labor market returned to form, in recent job figures. Seasonally adjusted nonfarm employment
More informationHOUSING REPORT WASHTENAW DECEMBER 2018
WASHTENAW DECEMBER 218 Washtenaw County Don t Delay Prices and Interest Rates Rising A shortage of affordable listings combined with rising interest rates will continue to give mid and entry-level buyers
More informationOrange County Multifamily
MARKET REPORT / Orange County Multifamily Employment Gains Driving Rental Demand, Low Vacancy Rates More than 2,600 units have come online to this point in, and nearly 5,000 apartments are currently under
More informationSwimming Against the Tide: Forging Affordable Housing Opportunities from the Foreclosure Crisis
Swimming Against the Tide: Forging Affordable Housing Opportunities from the Foreclosure Crisis Prepared for: Rethink. Recover. Rebuild. Reinventing Older Communities Philadelphia, PA May 14, 2010 George
More informationEconomic Indicators City of Oakland
Economic Indicators City of Oakland PREPARED BY: THE OFFICE OF ECONOMIC AND WORKFORCE DEVELOPMENT CITY OF OAKLAND JULY 2014 CITY OF OAKLAND ECONOMIC INDICATORS 1 Introduction to Quarter 1, January March
More informationHamilton s Housing Market and Economy
Hamilton s Housing Market and Economy Growth Indicator Report November 2016 hamilton.govt.nz Contents 3. 4. 5. 6. 7. 7. 8. 9. 10. 11. Introduction New Residential Building Consents New Residential Sections
More informationReasons to consider buying a New Construction home?
Reasons to consider buying a New Construction home? It s only January 20, 2017 and the real estate market in San Diego is already buzzing! New listings are hitting the market daily, and many are going
More informationSingle-family housing supply tightest in 20 years, expected to get worse
Jan-99 Jan-01 Jan-03 Jan-05 Jan-07 Jan-09 Jan-11 Jan-13 Jan-15 Jan-17 Months of Supply New SF Housing Starts (000s) AMHERST CAPITAL MARKET COMMENTARY Single-family housing supply tightest in 20 years,
More informationYear to Date (thru June)
CAAR Market Report 2009 Mid-Year Published by the Charlottesville Area Association of REALTORS Where Are We Now? The pace of home purchases in the Charlottesville area continues to improve from the dismal
More informationLinkages Between Chinese and Indian Economies and American Real Estate Markets
Linkages Between Chinese and Indian Economies and American Real Estate Markets Like everything else, the real estate market is affected by global forces. ANTHONY DOWNS IN THE 2004 presidential campaign,
More informationMyth Busting: The Truth About Multifamily Renters
Myth Busting: The Truth About Multifamily Renters Multifamily Economics and Market Research With more and more Millennials entering the workforce and forming households, as well as foreclosed homeowners
More informationOntario Rental Market Overview & Outlook
Ontario Rental Market Overview & Outlook FRPO & GTAA Rental Market Update Breakfast February 2018 Ted Tsiakopoulos Regional Economist, CMHC ttsiakop@cmhc.ca CANADA MORTGAGE AND HOUSING CORPORATION KEY
More informationHousing Bulletin Monthly Report
January 21 1 Housing Bulletin Monthly Report Most new homes built in second half of 29 25, 2, 15, 1, 5, Dec 7 Jan 8 Feb 8 mar 8 apr 8 Alberta s 29 housing starts increased 72.8 per cent over 28, suggesting
More informationHousing Price Forecasts. Illinois and Chicago PMSA, January 2018
Housing Price Forecasts Illinois and Chicago PMSA, January 2018 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationHousing Price Forecasts. Illinois and Chicago PMSA, March 2019
Housing Price Forecasts Illinois and Chicago PMSA, March 2019 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More information2015 First Quarter Market Report
2015 First Quarter Market Report CAAR Member Copy Expanded Edition Charlottesville Area First Quarter 2015 Highlights: Median sales price for the region was up 5.1% over Q1-2014, rising from $244,250 to
More informationHousing Price Forecasts. Illinois and Chicago PMSA, May 2018
Housing Price Forecasts Illinois and Chicago PMSA, May 2018 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationAAug 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 informationSE Michigan Residential Real Estate Recovery Are we there yet or is it over?
SE Michigan Residential Real Estate Recovery Are we there yet or is it over? Changing View of Residential Transactions Changing View of Residential Transactions 2015 Short Sales 3% Leases Bank 11% Owned
More informationTHE POWER of Multifamily Investing
THE POWER of Multifamily Investing 12M Investment Properties, LLC A Commercial Multifamily Real Estate Investment Firm BENEFITS TO INVESTING IN COMMERCIAL Multifamily Real Estate 2 1 2 3 4 Principal Safety:
More informationFEBRUARY 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 informationVisit our Publications and Open Data Catalogue to find our complete inventory of our freely available information products.
Welcome to Mississauga Data This report and other related documents can be found at www.mississauga.ca/data. Mississauga Data is the official City of Mississauga website that contains urban planning related
More informationMonthly Indicators - 4.9% - 0.7% % Market Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price
Monthly Indicators 2018 If the last few months are an indication of the temperature of housing markets across the country, a period of relative calm can be expected during the last three months of the
More informationRents Up, Occupancy Steady
Rents Up, Steady Kansas City s apartment market closed 2014 with a significant increase in rents compared to the prior year. The average per-square-foot rent was $0.88. At the end of 2013 it had been $0.85.
More informationTENNESSEE HOUSING MARKET
1st Quarter 212 TENNESSEE HOUSING MARKET David A. Penn, Director Business and Economic Research Center Jennings A. Jones College of Business Middle Tennessee State University This quarterly series is supported
More informationResidential Real Estate Market Overview: September 2017 Data
Residential Real Estate Market Overview: September 2017 Data 2017 Mark A. Melikian Chief Valuation Officer mark.melikian@summitvaluations.com 2800 River Road, Suite 460 The following is a market data summary
More information2016 MID-YEAR MARKET UPDATE June 23, Breanna Vanstrom, MBA, RCE Chief Executive Officer
2016 MID-YEAR MARKET UPDATE June 23, 2016 Breanna Vanstrom, MBA, RCE Chief Executive Officer In 2015, Ada County surpassed $2 billion in total dollar volume sold. The first year since 2006. In May 2016,
More informationSTATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR AUGUST McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES
STATPAK WASHINGTON, DC SEPTEMBER 2017 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR AUGUST 2017 Contract activity in August 2017 was up 4.9% from August 2016, and there were increases
More informationZillow Group Uncovers
Zillow Group Uncovers Economic Trends in MF Housing Svenja Gudell, Zillow Chief Economist @SvenjaGudell svenjag@zillow.com June 15-18, 2016 Moscone Convention Center San Francisco Rents continue to grow,
More informationOur Housing Market Turns the Corner
Our Housing Market Turns the Corner OUR HOUSING MARKET TURNS THE CORNER After a very difficult half decade characterized by falling sales and prices, a surge in foreclosures and many underwater homeowners,
More information24). The weakest markets were in the West, with San Jose. Market Turmoil. The State of the Nation s Housing 2010
5 Rental housing Although renter household growth increased last year, rental vacancy rates climbed to a new high. Early in 21, however, occupancies in some areas appeared to be stabilizing. With multifamily
More information