Looking Ahead to 2019: Crosscurrents in the Housing Market

Size: px
Start display at page:

Download "Looking Ahead to 2019: Crosscurrents in the Housing Market"

Transcription

1 Looking Ahead to 2019: Crosscurrents in the Housing Market Gay Cororaton Research Economist, National Association of REALTORS Virginia Peninsula Association of REALTORS, Inc. General Membership Meeting January 15, 2019

2 Economic and Housing Market Trends

3 Q1/2000 Q1/2001 Q1/2002 Q1/2003 Q1/2004 Q1/2005 Q1/2006 Q1/2007 Q1/2008 Q1/2009 Q1/2010 Q1/2011 Q1/2012 Q1/2013 Q1/2014 Q1/2015 Q1/2016 Q1/2017 Q1/2012 Q3/2012 Q1/2013 Q3/2013 Q1/2014 Q3/2014 Q1/2015 Q3/2015 Q1/2016 Q3/2016 Q1/2017 Q3/2017 Q1/2018 Q3/2018 Sustained Economic Growth Since 2010 Driven by Private Consumption and Investment Gross Domestic Product Growth Drivers: Private Consumer and Investment Spending Real Gross Domestic Product (SAAR, Bil.Chn.2009$) Two-Sided Smoothed Estimate: Real Potential GDP (SAAR, Private Consumption Net Exports GDP Private Investment Gov't Cons & Inv

4 M Jobs Created Since 2010 Total Non-farm Employment Residential Construction Employment 155, , , , , , , , , , All Employees: Construction of Residential Buildings (SA, Thous) All Employees: Specialty Trade Contractors: Residential Construction (SA, Thous)

5 Jan/2004 Nov/2004 Sep/2005 Jul/2006 May/2007 Mar/2008 Jan/2009 Nov/2009 Sep/2010 Jul/2011 May/2012 Mar/2013 Jan/2014 Nov/2014 Sep/2015 Jul/2016 May/2017 Mar/ /Mar 2007/Nov 2008/Jul 2009/Mar 2009/Nov 2010/Jul 2011/Mar 2011/Nov 2012/Jul 2013/Mar 2013/Nov 2014/Jul 2015/Mar 2015/Nov 2016/Jul 2017/Mar 2017/Nov 2018/Jul Declining Unemployment Rate is Boosting Wages 12.0 Unemloyment Rate Y/Y Growth of the Average Weekly Wage of Private Sector Employees % 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 3.2% % 0.5% %

6 Q1/2000 Q2/2001 Q3/2002 Q4/2003 Q1/2005 Q2/2006 Q3/2007 Q4/2008 Q1/2010 Q2/2011 Q3/2012 Q4/2013 Q1/2015 Q2/2016 Q3/2017 Q1/2000 Q2/2001 Q3/2002 Q4/2003 Q1/2005 Q2/2006 Q3/2007 Q4/2008 Q1/2010 Q2/2011 Q3/2012 Q4/2013 Q1/2015 Q2/2016 Q3/2017 Aggregate Corporate Profits Have Increased Sharply, More than Income Corporate Profits (Billion $, SAAR) Index of Corporate Profits and Personal Disposable Income (2000 Q1 = 100) Index of Corporate Profits Index of Personal Disposable Income

7 Jan/2000 Feb/2001 Mar/2002 Apr/2003 May/2004 Jun/2005 Jul/2006 Aug/2007 Sep/2008 Oct/2009 Nov/2010 Dec/2011 Jan/2013 Feb/2014 Mar/2015 Apr/2016 May/2017 Jun/2018 Jan/2012 May/2012 Sep/2012 Jan/2013 May/2013 Sep/2013 Jan/2014 May/2014 Sep/2014 Jan/2015 May/2015 Sep/2015 Jan/2016 May/2016 Sep/2016 Jan/2017 May/2017 Sep/2017 Jan/2018 May/2018 Sep/2018 But Inflation Creeping Up, so Fed Raised Rates Federal Funds Rate and Inflation 6.00 Contract Rates on 30-Year Conventional Mortgages Have Increased as the Fed FOMC has Raised the Federal Funds Rate Federal Open Market Committee: Fed Funds Target Rate: Upper Limit (EOP, %) CPI-U: All Items, =100 (Y/Y %Change) FHLMC: 30-Year Fixed-Rate Mortgages: U.S. (%) Federal Open Market Committee: Fed Funds Target Rate: Upper Limit (%)

8 04/Jan/2018W 18/Jan/2018W 01/Feb/2018W 15/Feb/2018W 01/Mar/2018W 15/Mar/2018W 29/Mar/2018W 12/Apr/2018W 26/Apr/2018W 10/May/2018W 24/May/2018W 07/Jun/2018W 21/Jun/2018W 05/Jul/2018W 19/Jul/2018W 02/Aug/2018W 16/Aug/2018W 30/Aug/2018W 13/Sep/2018W 27/Sep/2018W 11/Oct/2018W 25/Oct/2018W 08/Nov/2018W 22/Nov/2018W 06/Dec/2018W 20/Dec/2018W 03/Jan/2019W Mortgage Rate Rise Halted after Fed s Signaled Fewer Rate Hikes Ahead Weekly 30-Year Fixed Mortgage Rates (as of Jan 10, 2019)

9 GDP Growth in VA Metro Areas in % 6.0% 4.0% 2.0% 0.0% -2.0% -4.0% GDP Growth Virginia Bch-Norfolk-Newport News, VA-NC MSA Richmond, VA MSA Wash-Arlngtn-Alxndria, DC-VA-MD-WV MSA 2.6% 2.1% 1.0% Winchester, VA-WV MSA Richmond, VA MSA Lynchburg, VA MSA Charlottesville, VA Wash-Arlngtn-Alxndria, Staunton-Waynesboro, VA Virginia Bch-Norfolk- Kingsport-Bristol-Bristol, Harrisonburg, VA Blacksbrg-Christnsbrg- Roanoke, VA MSA GDP Growth %-2.0%-1.0%0.0% 1.0% 2.0% 3.0% 1.0% 0.8% 0.7% 0.6% 0.0% 1.5% 2.7% 2.6% 2.4% 2.3% 2.1%

10 Contraction in Industry and Government GDP in VA Beach-Norfolk-Newport News Since 2006/07 GDP-Private Industries (Million 2009 Dollars) GDP-Government Spending (Million 2009 Dollars) $59,897 $58, $24,010 $23,706 $8,810 $9, Richmond VA Beach-Norfolk-Newport News Richmond Virginia Bch-Norfolk-Newport News

11 Jobs Generated in VA Metro Areas, Change in Nonfarm Employment ('000) in 2017 from 2012 Washington-Arlington- Washington-Arlington- Richmond, VA MSA Virginia Beach-Norfolk-Newport Charlottesville, VA MSA Winchester, VA-WV MSA Harrisonburg, VA MSA Roanoke, VA MSA Blacksburg-Christiansburg- Staunton-Waynesboro, VA MSA Kingsport-Bristol-Bristol, TN-VA Lynchburg, VA MSA % Annual Change, Washington-Arlington- 1.3% Washington-Arlington- 1.4% Richmond, VA MSA 1.8% Virginia Beach-Norfolk- 0.9% Charlottesville, VA MSA 2.2% Winchester, VA-WV MSA 2.0% Harrisonburg, VA MSA 1.3% Roanoke, VA MSA 0.3% Blacksburg-Christiansburg- 0.6% Staunton-Waynesboro, VA MSA 0.8% Kingsport-Bristol-Bristol, TN- 0.3% Lynchburg, VA MSA 0.4%

12 Employment in Virginia Beach-Norfolk-Newport News

13 Employment in Virginia Beach-Norfolk-Newport News

14 Employment in Virginia Beach-Norfolk-Newport News

15 Employment in Virginia Beach-Norfolk-Newport News

16 Employment in Virginia Beach-Norfolk-Newport News

17 Employment in Virginia Beach-Norfolk-Newport News

18 Employment in Virginia Beach-Norfolk-Newport News

19 Resident Population In VA Metro Areas, Change in Resident Population, Washington-Arlington-Alexandria, 344,362 Washington-Arlington-Alexandria, 280,788 Silver Spring-Frederick-Rockville, 63,574 Richmond, VA MSA 60,883 Virginia Beach-Norfolk-Newport 27,848 Charlottesville, VA MSA 11,144 Winchester, VA-WV MSA 6,936 Harrisonburg, VA MSA 5,961 Lynchburg, VA MSA 5,699 Roanoke, VA MSA 3,572 Staunton-Waynesboro, VA MSA 3,547 Percent Annual Population Growth, Kingsport-Bristol-Bristol, -0.1% TN-VA Blacksburg-Christiansburg- 0.4% Staunton-Waynesboro, VA MSA 0.6% Roanoke, VA MSA 0.2% Lynchburg, VA MSA 0.4% Harrisonburg, VA MSA 0.9% Winchester, VA-WV MSA 1.0% Charlottesville, VA MSA 1.0% Virginia Beach-Norfolk-Newport 0.3% Richmond, VA MSA 1.0% Silver Spring-Frederick-Rockville, 1.0% Washington-Arlington- 1.2% Washington-Arlington- 1.1%

20 Housing Market Slowed in ,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 Existing Home Sales (Seas Adjusted Annual Rate) 0 5,320, REALTORS Buyer and Seller Traffic Indices Buyer Traffic Index Seller Traffic Index 44

21 REALTORS Buyer Traffic Index Indicates Slower Homebuying Demand in November 2018

22 NAR HOME Survey: Still a good time to buy, but less so than in the past

23 Home Prices Still Appreciating, But at a Slower Pace 450, , , , , , , ,000 50,000 0 Median Price of Existing Home Sales U.S. Northeast Midwest South West 81 months of y/y price growth since March 2012 Slower y/y price appreciation (4.2% in Nov 2018 compared to 9% in ) West region had highest median price appreciation since 2012 (100% increase compared to 66% nationally)

24 Jan/2012 May/2012 Sep/2012 Jan/2013 May/2013 Sep/2013 Jan/2014 May/2014 Sep/2014 Jan/2015 May/2015 Sep/2015 Jan/2016 May/2016 Sep/2016 Jan/2017 May/2017 Sep/2017 Jan/2018 May/2018 Sep/2018 Mar/2007 Oct/2007 May/2008 Dec/2008 Jul/2009 Feb/2010 Sep/2010 Apr/2011 Nov/2011 Jun/2012 Jan/2013 Aug/2013 Mar/2014 Oct/2014 May/2015 Dec/2015 Jul/2016 Feb/2017 Sep/2017 Apr/2018 Nov/2018 Index (Jan 2012=100 Price Appreciation Has Slowed and is Now Converging with Wage Growth How Home Prices, Mortgage Payments, and Income Have Increased Over Time Since January 2012 (=100) % 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% -20.0% Median Home Sales Price vs. Wage Growth 4.2% 3.1% Y/Y NAR Median Price Y/Y Wage NAR Median Home Price Ave Weekly Earnings Monthly Mortgage

25 West Region Has Priciest Metro Areas, But Prices are Falling/Moderating

26 Y/Y Change in Median List Price on Realtor.com in Nov 2018 in VA Metro Areas

27 Most Unaffordable Metro Areas: More than 25 Percent of Income Spent on Mortgage

28 More Houses are Being Built, But Not Enough to Meet Household Formation Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014 Q2/2014 Q3/2014 Q4/2014 Q1/2015 Q2/2015 Q3/2015 Q4/2015 Q1/2016 Q2/2016 Q3/2016 Q4/2016 Q1/2017 Q2/2017 Q3/2017 Q4/2017 Q1/2018 Q2/2018 Q3/ ,561 1, Housing starts Net household formation Source: U.S. Census Bureau; household formation is calculated from Housing Vacancy Survey

29 Inventory Still Low But Improving Month s Supply of Existing Homes for Sale % 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% -20.0% 6 Months Supply is Desirable to Keep Prices from Appreciating Steeply

30 Few Homes for Sale Below $500K Months' Supply Month s supply by Region: West: 3.2 Midwest: 3.8 South: 4.6 Northeast: 5.1 Month s supply by Price Range: $100-$250K: 3.5 $1M+: 9.6 Northeast Midwest South West U.S.

31 Jobs Generated vs. Housing Starts Permits Jobs Generated Per Housing Starts Permit During Charlottesville, VA MSA Richmond, VA MSA Washington-Arlington-Alexandria, DC-VA-MD- Harrisonburg, VA MSA Winchester, VA-WV MSA Virginia Beach-Norfolk-Newport News, VA-NC Blacksburg-Christiansburg-Radford, VA MSA Roanoke, VA MSA Lynchburg, VA MSA Kingsport-Bristol-Bristol, TN-VA MSA

32 Properties Still Selling Faster Compared to One Year Ago in Virginia Beach-Norfolk-Newport News (Median Days Listed on Realtor.com)

33 REALTORS in Nearly Half of States Reported Longer Days on the Market in November 2018

34 Modest Pickup in First-time Homebuyer Share 55% First-time Buyers as a Percent of Residential Sales* 50% 45% 40% 35% 30% 25% 29% 33% 20% *Source: REALTORS Confidence Index Survey; 2018 Profile of Home Buyers and Sellers shows 33 percent of all homebuyers were first-time buyers

35 Economic Outlook

36 Crosswinds in 2019 Headwinds: o Rising mortgage rates o Trade tensions/tariff wars o Government shutdown Tailwinds: o Millennials forming own households o Opportunity Zones o Virginia Beach-Norfolk-Newport News homes are still affordable o Growth promoting local development/infrastructure projects

37 NAR s U.S. Economic Outlook: Slower Economic and Housing Market NAR's U.S. Economic Outlook: as of January GDP growth Unemployment rate yr mortgage rate Y/Y % chg, existing home sales Y/Y % chg, median sales price Housing starts ('000)

38 2012-Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q3 Home Sales Lost Momentum During 2013/2014 during Taper Tantrum Existing Home Sales (Seasonally Adjusted Annual Rate) 5,223,333 4,940,000 4,763,333

39 Trade Tensions are Starting to Affect Manufacturing and Trade ISM New Orders Index (> 50 Means Increasing) ISM New Export and Import Orders (> 50 Means Increasing) 52.7 Export Orders Index Import Orders Index

40 Jan/1980 Feb/1981 Mar/1982 Apr/1983 May/1984 Jun/1985 Jul/1986 Aug/1987 Sep/1988 Oct/1989 Nov/1990 Dec/1991 Jan/1993 Feb/1994 Mar/1995 Apr/1996 May/1997 Jun/1998 Jul/1999 Aug/2000 Sep/2001 Oct/2002 Nov/2003 Dec/2004 Jan/2006 Feb/2007 Mar/2008 Apr/2009 May/2010 Jun/2011 Jul/2012 Aug/2013 Sep/2014 Oct/2015 Nov/2016 Dec/2017 Rising Rates and US-China Tariffs are Affecting Investor Confidence Dow Jones 30 Industrial Stocks: Average Price

41 Fed Richmond Dec 2018 Manufacturing Survey: More Firms Reported Declining than Increasing Activity (-8) ditions/manufacturing/2018/mfg_12_26_18#tab-1

42 Fed Richmond Dec 2018 Manufacturing Survey: More Firms Reported Increase in Employment than Decrease (+14) But Less So than One Year Ago (18); Wages Rising as Well as Prices Paid for Inputs surveys_of_business_conditions/manufacturing/2018/mfg_ 12_26_18#tab-1

43 Q1/1993 Q2/1993 Q3/1993 Q4/1993 Q1/1994 Q2/1994 Q3/1994 Q4/1994 Q1/1995 Q2/1995 Q3/1995 Q4/1995 Q1/1996 Q2/1996 Q3/1996 Q4/1996 Q1/1997 Q2/1997 Q3/1997 Q4/1997 Q1/2012 Q3/2012 Q1/2013 Q3/2013 Q1/2014 Q3/2014 Q1/2015 Q3/2015 Q1/2016 Q3/2016 Q1/2017 Q3/2017 Q1/2018 Q3/2018 Impact of Government Shutdown: GDP Growth Falls But Recovers After GDP Growth During Dec 5, Jan 6, 1996 (21-day) Government Shutdown GDP Growth During Oct (17-day) Government Shutdown

44 Impact of Government Shutdown on Home Sales 25 percent of randomly selected REALTORS surveyed by NAR reported a negative impact from the government shutdown Government shutdown affects home sales via: delayed closings for VA and USDA loans, inability to get IRS income verification missed income for furloughed employees Slowdown in consumer spending government-shutdown-report pdf

45 NAR Update as of Jan 10 EPA: employees are furloughed FHA: HECM will not be endorsed; no new Multi-family commitments GSEs: normal operations; don t require 4506T to close IRS: will process all forms, but delays can be expected if shutdown continue ( 1.2 million backlogs during Oct shutdown) NFIP: full and normal operations on sale and re-issuance of policies since Dec 21 USDA: will not issue new rural housing Direct Loans; Guaranteed Loans closed at lender s risk EB-5 and H2-B: DHS cannot approve H2-B visas for new or returning (to the US) workers; no immigrant (I-526) petitions can be filed

46 Q4/1993 Q2/1995 Q4/1996 Q2/1998 Q4/1999 Q2/2001 Q4/2002 Q2/2004 Q4/2005 Q2/2007 Q4/2008 Q2/2010 Q4/2011 Q2/2013 Q4/2014 Q2/2016 Q4/ Year-Olds Population Will Rise Sharply during Population Years Will Increase by 13 Million from 2011 Through ,464 95, Homeownership Rates Among Under 35 to 44 Year-Olds Are Modestly Rising Under U.S Source: U.S. Census Bureau

47 Young Metros Likely to Have More Potential Homebuyers Median Age of Population Harrisonburg, VA Metro Area Blacksburg-Christiansburg-Radford, VA Metro Area Virginia Beach-Norfolk-Newport News, VA-NC Metro Washington-Arlington-Alexandria, DC-VA-MD-WV Charlottesville, VA Metro Area Richmond, VA Metro Area Lynchburg, VA Metro Area Winchester, VA-WV Metro Area Staunton-Waynesboro, VA Metro Area Roanoke, VA Metro Area Bluefield, WV-VA Micro Area Danville, VA Micro Area Kingsport-Bristol-Bristol, TN-VA Metro Area Source: Table S0101 ACS yr estimates

48 Percent of with Bachelor s Degree or Higher Percent of With Bachelor's Degree or Higher as of 2017 Washington-Arlington-Alexandria, DC-VA-MD-WV Metro Roanoke, VA Metro Area Richmond, VA Metro Area Lynchburg, VA Metro Area Charlottesville, VA Metro Area Virginia Beach-Norfolk-Newport News, VA-NC Metro Area Harrisonburg, VA Metro Area Winchester, VA-WV Metro Area Kingsport-Bristol-Bristol, TN-VA Metro Area Danville, VA Micro Area

49 VA Opportunity Zones 212 Opportunity Zones designated in VA; 8,761 zones in 50 states, DC, 5 US Territories (35 M people) Located in low-income census tracts (with poverty rate of at least 20 percent or a median family income no greater than 80 percent of the area median income) Designation through Dec 31, 2028 Qualified Opportunity Zone Funds invest at least 90% of capital in O-Zones Benefit: temporary tax deferral of capital gains(from a prior investment) invested in O-Zone Funds ; only 85% of capital gain invested in Ozone is taxed if held for 7 years (pay taxes from outside funds); No capital gains tax on initial funds invested in O-Zond fund and any return from that investment if invested for at least 10 years

50 VA Opportunity Zones

51 Thank You.

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

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

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

CALIFORNIA ECONOMIC & MARKET OUTLOOK. October 29,2014 Contra Costa Association of REALTORS Leslie Appleton Young, Chief Economist

CALIFORNIA 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 information

U.S. DEPARTMENT OF HUD 03/25/2015 STATE:VIRGINIA ADJUSTED HOME INCOME LIMITS

U.S. DEPARTMENT OF HUD 03/25/2015 STATE:VIRGINIA ADJUSTED HOME INCOME LIMITS Giles County, VA HUD Metro FMR Area 30% LIMITS 11800 13500 15200 16850 18200 19550 20900 22250 VERY LOW INCOME 19650 22450 25250 28050 30300 32550 34800 37050 60% LIMITS 23580 26940 30300 33660 36360 39060

More information

Economic Highlights. Payroll Employment Growth by State 1. Durable Goods 2. The Conference Board Consumer Confidence Index 3

Economic 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 information

U.S. DEPARTMENT OF HUD STATE: VIRGINIA ADJUSTED HOME INCOME LIMITS

U.S. DEPARTMENT OF HUD STATE: VIRGINIA ADJUSTED HOME INCOME LIMITS Blacksburg-Christiansburg-Radford, VA HUD M 30% LIMITS 14700 16800 18900 20950 22650 24350 26000 27700 VERY LOW INCOME 24450 27950 31450 34900 37700 40500 43300 46100 60% LIMITS 29340 33540 37740 41880

More information

Housing Market Cycles

Housing Market Cycles MEGA AGENT Market Update Gary Keller and Jay Papasan 2 The U.S. Housing Market Keller Williams Realty, Inc. Housing Market Cycles 4 The U.S. Housing Market Housing Market Cycles 5 The U.S. Housing Market

More information

Changing Economic Times. Market Pulse. Dr. Gary Jackson Director, Regional Economic Research Institute Florida Gulf Coast University April 8, 2008

Changing Economic Times. Market Pulse. Dr. Gary Jackson Director, Regional Economic Research Institute Florida Gulf Coast University April 8, 2008 Changing Economic Times Presented to: Market Pulse Bonita Springs Area Chamber of Commerce Bonita Springs-Estero Association of REALTORS, Inc. Dr. Gary Jackson Director, Regional Economic Research Institute

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

VIRGINIA. Home SAleS RepoRt QUARTER

VIRGINIA. Home SAleS RepoRt QUARTER VIRGINIA Home SAleS RepoRt FIRST second QUARTER 2012 Published by Virginia association of realtors, the advocate for real estate professionals and property owners in Virginia. Virginia Month-to-Month Sales

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

Virginia AUGUST 2018

Virginia AUGUST 2018 Virginia HOME SALES REPORT AUGUST 2018 Published by the Virginia REALTORS, the advocate for real estate professionals and property owners in Virginia. The Virginia REALTORS association publishes monthly

More information

UDIA WA PROPERTY MARKET STATISTICS

UDIA WA PROPERTY MARKET STATISTICS UDIA WA PROPERTY MARKET STATISTICS OCTOBER 217 1 IN THIS ISSUE KEY TRENDS INDUSTRY UPDATE 3 4 ECONOMY RESIDENTIAL LAND DEVELOPMENT RESIDENTIAL PROPERTY SETTLEMENTS RESIDENTIAL PROPERTY MARKET RESIDENTIAL

More information

Virginia HOME SALES REPORT NOVEMBER 2017

Virginia HOME SALES REPORT NOVEMBER 2017 Virginia HOME SALES REPORT NOVEMBER 2017 Published by the Virginia REALTORS, the advocate for real estate professionals and property owners in Virginia. The Virginia REALTORS association publishes monthly

More information

REALTORS CONFIDENCE INDEX SURVEY Report on the March 2017 Survey

REALTORS CONFIDENCE INDEX SURVEY Report on the March 2017 Survey REALTORS CONFIDENCE INDEX SURVEY Report on the March 2017 Survey The REALTORS Confidence Index (RCI) report provides monthly information about real estate market conditions and expectations, buyer/seller

More information

Virginia HOME SALES REPORT JULY Published by the Virginia REALTORS, the advocate for real estate professionals and property owners in Virginia.

Virginia HOME SALES REPORT JULY Published by the Virginia REALTORS, the advocate for real estate professionals and property owners in Virginia. Virginia HOME SALES REPORT JULY Published by the Virginia REALTORS, the advocate for real estate professionals and property owners in Virginia. The Virginia REALTORS association publishes monthly and quarterly

More information

Metropolitan Indianapolis Board of REALTORS. Broker/Owner Meeting March 14, 2007

Metropolitan Indianapolis Board of REALTORS. Broker/Owner Meeting March 14, 2007 Metropolitan Indianapolis Board of REALTORS Broker/Owner Meeting March 14, 2007 Tom Renkert Information Services Director MIBOR PropertyLinx 2 Implementation Time Line February 1-28 March 1 June 30 July

More information

Housing s Impact on Local Government Finance

Housing s Impact on Local Government Finance Housing s Impact on Local Government Finance Meeting of the Virginia Government Finance Officers Association Virginia Beach, Virginia June 9, 2011 Virginia Housing Development Authority Impact of Home

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

2018 Real Estate Forecast Breakfast. Real Estate Market Update

2018 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 information

Housing Price Forecasts. Illinois and Chicago PMSA, March 2018

Housing 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 information

REALTORS CONFIDENCE INDEX SURVEY Report on the April 2017 Survey

REALTORS CONFIDENCE INDEX SURVEY Report on the April 2017 Survey REALTORS CONFIDENCE INDEX SURVEY Report on the April 2017 Survey The REALTORS Confidence Index (RCI) report provides monthly information about real estate market conditions and expectations, buyer/seller

More information

Austin-Round Rock Area Local Market Report, Fourth Quarter 2017

Austin-Round Rock Area Local Market Report, Fourth Quarter 2017 -Round Rock Area Local Market Report, Fourth Quarter 2017 Today's Market $350,000 Median Price (Red Line) and One-year Price Growth 12% $300,000 $250,000 10% 8% 6% $200,000 4% $150,000 2% $100,000 $50,000

More information

June Published by the Virginia REALTORS Data recorded July 20,

June Published by the Virginia REALTORS Data recorded July 20, Data recorded July 20, 2018 1 The Virginia REALTORS association publishes monthly and quarterly home sales reports to provide our members, the media, and real estate-related industries with current data

More information

2018 Housing Market Outlook. Central Coast Realty Group Business Symposium February 22, 2018 Oscar Wei Senior Economist

2018 Housing Market Outlook. Central Coast Realty Group Business Symposium February 22, 2018 Oscar Wei Senior Economist 2018 Housing Market Outlook Central Coast Realty Group Business Symposium February 22, 2018 Oscar Wei Senior Economist Overview Economic Update California Housing Market Outlook Regional Housing Market

More information

National Association of REALTORS COMMERCIAL REAL ESTATE OUTLOOK: 2018.Q4

National Association of REALTORS COMMERCIAL REAL ESTATE OUTLOOK: 2018.Q4 National Association of REALTORS : 2018.Q4 Commercial Real Estate Outlook: 2018.Q4 Download: www.nar.realtor/reports/commercial-real-estate-outlook 2018 NATIONAL ASSOCIATION OF REALTORS All Rights Reserved.

More information

Housing Price Forecasts. Illinois and Chicago PMSA, April 2018

Housing 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 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

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

Foreclosures and Bank-Owned Homes: More Challenges Ahead

Foreclosures and Bank-Owned Homes: More Challenges Ahead Foreclosures and Bank-Owned Homes: More Challenges Ahead Virginia Association of Counties Annual Meeting November 10, 2008 Virginia Housing Development Authority 1 What is the size and extent of Virginia

More information

MARKET STRATEGY VIEWPOINT U.S. Housing Decelerating

MARKET STRATEGY VIEWPOINT U.S. Housing Decelerating Jan-01 Oct-01 Jul-02 Apr-03 Jan-0 Oct-0 Jul-05 Apr-0 Jan-07 Oct-07 Jul-08 Apr-09 Jan-10 Oct-10 Jul-11 Apr-12 Jan-13 Oct-13 Jul-1 Apr-15 Jan-1 Oct-1 Jul-17 Apr-18 U.S. Housing Decelerating August 27, 2018

More information

With last month's gain, sales are now up 4.5% from May 2015 and are at their highest annual pace since February 2007.

With last month's gain, sales are now up 4.5% from May 2015 and are at their highest annual pace since February 2007. JULY 2016 With last month's gain, sales are now up 4.5% from May 2015 and are at their highest annual pace since February 2007. - Lawrence Yun NAR s Chief Economist Now in its seventh year, the US economic

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

Housing Price Forecasts. Illinois and Chicago PMSA, May 2018

Housing 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 information

Commercial Real Estate Outlook

Commercial Real Estate Outlook Commercial Real Estate Outlook By Lawrence Yun, Ph.D. Chief Economist, National Association of REALTORS Presentation at Annual Conference of National Association of REALTORS Chicago, IL November 3, 2017

More information

Virginia HOME SALES REPORT MAY Published by the Virginia REALTORS, the advocate for real estate professionals and property owners in Virginia.

Virginia HOME SALES REPORT MAY Published by the Virginia REALTORS, the advocate for real estate professionals and property owners in Virginia. Virginia HOME SALES REPORT MAY 2018 Published by the Virginia REALTORS, the advocate for real estate professionals and property owners in Virginia. The Virginia REALTORS association publishes monthly and

More information

Nothing Draws a Crowd Like a Crowd: The Outlook for Home Sales

Nothing 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

MULTIFAMILY 2012 MULTI-FAMILY HAMPTON ROADS MARKET REVIEW. Author. Data Analysis. Financial Support. Disclosure. Charles Dalton.

MULTIFAMILY 2012 MULTI-FAMILY HAMPTON ROADS MARKET REVIEW. Author. Data Analysis. Financial Support. Disclosure. Charles Dalton. HAMPTON ROADS MARKET REVIEW MULTIFAMILY Author Data Analysis Financial Support Disclosure Charles Dalton Real Data The E. V. Williams Center for Real Estate and Economic Development (CREED) functions and

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

Housing Price Forecasts. Illinois and Chicago PMSA, January 2018

Housing 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 information

United States Housing, 2012

United States Housing, 2012 United States Department of Agriculture United States Housing, 2012 Delton Alderman ABSTRACT Provides current and historical information on housing market in the United States. Information includes trends

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

National Association of REALTORS COMMERCIAL REAL ESTATE OUTLOOK: 2017.Q3

National Association of REALTORS COMMERCIAL REAL ESTATE OUTLOOK: 2017.Q3 National Association of REALTORS : 2017.Q3 Commercial Real Estate Outlook: 2017.Q3 Download: www.nar.realtor/reports/commercial-real-estate-outlook 2017 NATIONAL ASSOCIATION OF REALTORS All Rights Reserved.

More information

Housing market feels the chill as oversupply continues Feb. 2019

Housing market feels the chill as oversupply continues Feb. 2019 February 19 19 MONTHLY STATISTICS PACKAGE Housing market feels the chill as oversupply continues 19, March 1, 19 The effects of Calgary s economic climate continue to create weak sales activity and elevated

More information

A A p p r ril 2017

A A p p r ril 2017 April 17 17 Housing market retains momentum in April Citywide prices hold steady as labour market improves City of Calgary, May 1, 17 Calgary s housing market continued to show signs of stability in April.

More information

Housing and Economy Market Trends

Housing and Economy Market Trends Housing and Economy Market Trends Mainstreet Organization Prices of single-family, detached homes in suburban Chicago increased 12.1 percent in May 2014 compared with the same period a year ago. Overall,

More information

The State of the U.S. & Washington CRE Market: 2008 Review/2009 Outlook

The State of the U.S. & Washington CRE Market: 2008 Review/2009 Outlook The State of the U.S. & Washington CRE Market: 2008 Review/2009 Outlook Copyright 2008 CoStar Group, Inc. All Rights Reserved. Although CoStar makes efforts to ensure the accuracy and reliability of the

More information

Housing Price Forecasts. Illinois and Chicago PMSA, January 2019

Housing 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 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

Housing Price Forecasts. Illinois and Chicago PMSA, April 2013

Housing Price Forecasts. Illinois and Chicago PMSA, April 2013 Housing Price Forecasts Illinois and Chicago PMSA, April 2013 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs

More information

Sep September 2018

Sep September 2018 18 September 18 MONTHLY STATISTICS PACKAGE City of Calgary Persistent buyers market continues 18 City of Calgary, October 1, 18 With no change in the economic climate, Calgary s sales activity totaled

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

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

Minneapolis St. Paul Residential Real Estate Index

Minneapolis 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 information

Housing Price Forecasts. Illinois and Chicago PMSA, August 2017

Housing 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 information

REALTOR.COM MARKET OUTLOOK

REALTOR.COM MARKET OUTLOOK REALTOR.COM MARKET OUTLOOK Realtor.com Economics January 2019 2019 Move, Inc. All rights reserved. Do not copy or distribute. AGENDA Economic and housing data and insights from realtor.com National Forecast

More information

June 2008 MLS Month in Review

June 2008 MLS Month in Review June 28 MLS Month in Review The Greater Albuquerque Real Estate Market continues to be strong. REALTORS put 1,769 homes under contract in the month of June. For our Market Area, sales are up 9.5% for Detached

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

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

This Month in Real Estate

This Month in Real Estate Keller Williams Research This Month in Real Estate Released: September 14, 2009 Commentary. The Numbers That Drive Real Estate Recent Government Action. Research for Buyers and Sellers. 2 4 10 14 1 Green

More information

Multi-Family. Acknowledgements. Author. Data Analysis/ Layout. Financial Support. Disclosure. Charles Dalton. Real Data

Multi-Family. Acknowledgements. Author. Data Analysis/ Layout. Financial Support. Disclosure. Charles Dalton. Real Data Multi-Family Acknowledgements Author Charles Dalton Data Analysis/ Layout Real Data Financial Support Disclosure The E. V. Williams Center for Real Estate and Economic Development (CREED) functions and

More information

Housing Bulletin Monthly Report

Housing Bulletin Monthly Report February 21 1 Housing Bulletin Monthly Report Housing Starts 25, 2, 15, 1, 5, Alberta Housing Starts up 5 per cent from 29 From February 29 to 21, preliminary housing starts increased 82.7 per cent across

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

FY General Revenue Forecast Presentation

FY 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 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

REAL ESTATE MARKET REVIEW

REAL ESTATE MARKET REVIEW MULTIFAMILY 2014 HAMPTON ROADS REAL ESTATE MARKET REVIEW Author Charles Dalton Data Analysis Real Data Financial Support The E.V. Williams Center for Real Estate and Economic Development (CREED) functions

More information

Dec December 2018

Dec December 2018 December MONTHLY STATISTICS PACKAGE Job market weakness and lending restrictions a common thread in s housing market, January, 19 As oversupply continues in Calgary s housing market, December prices eased

More information

Housing Market Trends in the Washington Area

Housing Market Trends in the Washington Area Housing Market Trends in the Washington Area Terry L. Clower, Ph.D. Director, Center for Regional Analysis Schar School of Policy and Government George Mason University March 3, 17 1. 1. 1. 8.... - (.)

More information

2017 Land Market Survey

2017 Land Market Survey 2017 Land Market Survey Presented By National Association of REALTORS Research Division Lawrence Yun, Ph.D. Senior Vice President & Chief Economist Danielle Hale, MS, Managing Director, Housing Research

More information

Homeownership Affordable in Virginia. C. Theodore Koebel, Ph.D. Virginia Center for Housing Research Virginia Tech

Homeownership Affordable in Virginia. C. Theodore Koebel, Ph.D. Virginia Center for Housing Research Virginia Tech Homeownership Affordable in Virginia C. Theodore Koebel, Ph.D. Virginia Center for Housing Research Virginia Tech A Report on the Virginia Homeownership Affordability Index 1 released jointly by the Virginia

More information

Virginia Home Sales 2017

Virginia Home Sales 2017 Virginia REALTORS Virginia Home Sales Fourth Quarter and Year-End Fourth Quarter The Virginia REALTORS association publishes monthly and quarterly home sales reports to provide our members, the media,

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

Beaumont-Port Arthur Area Local Market Report, First Quarter 2017

Beaumont-Port Arthur Area Local Market Report, First Quarter 2017 -Port Arthur Area Local Market Report, First Quarter 2017 Today's Market $180,000 Median Price (Red Line) and One-year Price Growth 20% $160,000 $140,000 $120,000 15% 10% $100,000 5% $80,000 0% $60,000

More information

National Association of REALTORS COMMERCIAL REAL ESTATE OUTLOOK: 2015.Q3

National Association of REALTORS COMMERCIAL REAL ESTATE OUTLOOK: 2015.Q3 National Association of REALTORS : 2015.Q3 Commercial Real Estate Outlook: 2015.Q3 Download: www.realtor.org/reports/commercial-real-estate-outlook 2015 NATIONAL ASSOCIATION OF REALTORS All Rights Reserved.

More information

El Paso Area Local Market Report, First Quarter 2017

El Paso Area Local Market Report, First Quarter 2017 Area Local Market Report, First Quarter 2017 Today's Market $155,000 Median Price (Red Line) and One-year Price Growth 10% $150,000 8% $145,000 $140,000 $135,000 $130,000 $125,000 6% 4% 2% 0% -2% -4% $120,000-6%

More information

Aug. Aug 2018 ust 2018

Aug. Aug 2018 ust 2018 August 18 MONTHLY STATISTICS PACKAGE City of Calgary Unemployment rate slows housing market recovery 18 City of Calgary, September, 18 Easing sales, gains in new listings and elevated inventory levels

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

New year kicks off with slow sales Jan. 2019

New year kicks off with slow sales Jan. 2019 January 19 19 MONTHLY STATISTICS PACKAGE New year kicks off with slow sales 19, February 1, 19 As economic challenges linger into 19, housing markets remain on a sluggish pace. January sales totalled 8

More information

SE 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? 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 information

Released: June 7, 2010

Released: June 7, 2010 Released: June 7, 2010 Commentary 2 The Numbers That Drive Real Estate 3 Recent Government Action 9 Topics for Home Buyers, Sellers, and Owners 11 Brought to you by: KW Research Commentary The housing

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

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

HOUSING OUTLOOK MID-YEAR 2013

HOUSING OUTLOOK MID-YEAR 2013 DELTA ASSOCIATES WASHINGTON AREA HOUSING OUTLOOK MID-YEAR 213 MARKET INDICATORS Washington Metro Area At 2 nd Quarter 213 Figure 1 Q2 AVG. SALES PRICE CHANGE VS. Q1 213 *Sales pace at June 213. Pace is

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

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

1 June FNB House Price Index - Real and Nominal Growth MAY FNB HOUSE PRICE INDEX FINDINGS

1 June FNB House Price Index - Real and Nominal Growth MAY FNB HOUSE PRICE INDEX FINDINGS 1 June 2016 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 john.loos@fnb.co.za THEO SWANEPOEL: PROPERTY MARKET ANALYST 087-328 0157 tswanepoel@fnb.co.za

More information

Puerto Rico Housing Finance Authority Housing Stimulus Programs

Puerto Rico Housing Finance Authority Housing Stimulus Programs Puerto Rico Housing Finance Authority Housing Stimulus Programs March 31, 2012 (Final with US Data) Total sales assisted by PRHFA stimulus from $240MM Fund Assignment As of March 31, 2012 Silent Second

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

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

Metropolitan Area Statistics (1Q 2013)

Metropolitan Area Statistics (1Q 2013) Metropolitan Area Statistics (1Q 2013) Apartment Completions 1Q 2012 1Q 2013 % Chg Atlanta 487 1,460 200% Boston 360 373 4% Chicago 611 92-85% Cleveland 7 54 671 Columbus - 459 n/a Dallas-Ft. Worth 1,327

More information

Puerto Rico Housing Finance Authority Housing Stimulus Programs

Puerto Rico Housing Finance Authority Housing Stimulus Programs Puerto Rico Housing Finance Authority Housing Stimulus Programs June 30, 2011 (Preliminary June US data not yet available) Total sales assisted by PRHFA stimulus from $180MM Fund Assignment As of June

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

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

TEXAS HOUSING INSIGHT

TEXAS HOUSING INSIGHT TEXAS HOUSING INSIGHT JAMES P. GAINES CHIEF ECONOMIST WAYNE DAY RESEARCH ASSOCIATE LUIS B. TORRES RESEARCH ECONOMIST TECHNICAL REPORT 2 1 2 0 OCTOBER 2016 TR Contents About this Report... 3 August 2016

More information

CALGARY REGIONAL HOUSING MARKET STATISTICS 12.14

CALGARY REGIONAL HOUSING MARKET STATISTICS 12.14 CALGARY REGIONAL HOUSING MARKET STATISTICS 12.14 Yearly records set as monthly sales see slight decline Condominium and townhouse sales set a new record for 214 Calgary, January 2, 215 It was a record

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

United States Housing Market and Hardwoods

United States Housing Market and Hardwoods United States Housing Market and Hardwoods The Future of the Hardwood Lumber Industry Wood Education Resource Center Princeton, WV November 3, 2016 Delton Alderman Forest Products Marketing Unit Forest

More information

Housing Price Forecasts. Illinois and Chicago PMSA, July 2016

Housing 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 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