Foreclosures and Bank-Owned Homes: More Challenges Ahead

Size: px
Start display at page:

Download "Foreclosures and Bank-Owned Homes: More Challenges Ahead"

Transcription

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

2 What is the size and extent of Virginia s foreclosure problem? 2

3 The rise in serious delinquencies has been steep, but is starting to slow 2.00% 90-Day Delinquency Rate 1.75% 1.50% 1.25% U.S. 1.00% 0.75% 0.50% 0.25% Virginia 0.00% Source: Mortgage Bankers Association (MBA) 3 Dec-02 Mar-03 Jun-03 Sep-03 Dec-03 Mar-04 Jun-04 Sep-04 Dec-04 Mar-05 Jun-05 Sep-05 Dec-05 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08

4 The leveling off of foreclosure starts provides some encouragement 3.00% Foreclosure Start Rate 2.50% 2.00% U.S. 1.50% 1.00% 0.50% Virginia 0.00% Source: Mortgage Bankers Association (MBA) 4 Dec-02 Mar-03 Jun-03 Sep-03 Dec-03 Mar-04 Jun-04 Sep-04 Dec-04 Mar-05 Jun-05 Sep-05 Dec-05 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08

5 Despite relatively level foreclosures, bank-owned homes are up sharply 20,000 15,000 Virginia Foreclosure Activity Inventory of Bank-Owned Homes 10,000 5,000 Foreclosure Auction Notices 0 Nov Feb-1-08 Mar-6-08 Apr-2-08 May-6-08 Jun-3-08 Jul-1-08 Aug-3-08 Sep-4-08 Oct-1-08 Oct Source: RealtyTrac 5

6 The build-up of bank-owned homes is now at a critical level in Northern VA Monthly Change in Inventory of Bank-Owned Homes Northern Tier Region Credit Freeze , Spring Sales Peak 2,045 1,346 3,406 1,496-1,923 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Source: RealtyTrac 6

7 The problem is most acute in the Pr. William-Manassas & Fairfax areas Inventory of Bank-Owned Homes - October 2008 Pr. William-Manassas Fairfax Loudoun Fredericksburg Area Fauquier-Culpeper-Orange Alexandria-Arlington-Falls Ch. Winchester-Frederick 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Inventory at start of month Increase during month Source: RealtyTrac 7

8 Bank-Owned Home Activity - Q Northern Tier Regional 1 Mile Radius Fairfax - Arlington -Alexandria Prince William - Manassas 1/2 Mile Radius Frederick Winchester 7 Clarke Loudoun 267 Warren I-66 Shenandoah Manassas Fairfax Fauquier Rappahannock 267 I-495 Prince William Page Culpeper I-95 Falls Church Arlington Madison Stafford I-66 Fairfax Fredericksburg Alexandria King George Orange Spotsylvania We s I-495 tm ore lan Fairfax d Caroline Ric h Es se x mo I-95 nd Prince William STUDY AREA Bank-Owned Home Density Per square mile High : 10 or more Low : 2 Source: RealtyTrac 1st Quarter 2008 Forelcosure Activity 8

9 Other localities have significant inventories of bank-owned homes Inventory of Bank-Owned Homes - October 2008 Norfolk-VA Beach- Chesapeake Richmond-Henrico Co. Newport News-Hampton Danville ,000 1,200 1,400 Inventory at start of month Increase during month Source: RealtyTrac 9

10 Bank-Owned Home Activity - Q Northumberland Region 17 Lancaster Middlesex 3 Accom Hampton Roads 1 Mile Radius Core James City Gloucester 17 Mathews Northampton Hampton Newport News Williamsburg York 64 Surry Southampton 10 Isle of Wight 460 Newport News 17 Suffolk 58 Poquoson Hampton Norfolk Portsmouth Virginia Beach 664 Suffolk 164 Federal Land 64 Norfolk Portsmouth Federal Land Franklin 58 Chesapeake 168 Virginia Beach Federal Land Chesapeake Bank-Owned Home Density Per square mile High : 10 or more Dismal Swamp 17 STUDY AREA Source: RealtyTrac 1st Quarter 2008 Forelcosure Activity Low : 2 10

11 Bank-Owned Home Activity - Q Greater Richmond Louisa 1 Mile Radius Region Hanover King and Queen King William Goochland Powhatan Buckingham Richmond 60 New Kent Cumberland Henrico Charles City 360 Chesterfield Amelia 460 Hopewell Colonial Heights Prince George Petersburg Prince Edward 360 Nottoway Core Hanover Dinwiddie 85 Sussex 95 Bank-Owned Home Density Per square mile 295 Richmond High : 10 or more Low : 2 Henrico 360 Chesterfield STUDY AREA 11 Source: RealtyTrac 1st Quarter 2008 Forelcosure Activity

12 The problem continues to be with higher cost & adjustable rate loans Virginia Foreclosure Start Rate by Type of Loan 4.00% 3.50% Subprime 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% Prime ARM All Loans Prime Fixed Rate Source: Mortgage Bankers Association (MBA) 12

13 How are foreclosures impacting the market? 13

14 A build-up of bank-owned properties puts downward pressure on prices Relationship of bank-owned homes and declines in existing home prices Prince William Manassas Loudoun Fairfax Arlington Alexandria Fredericksburg Area 0% 10% 20% 30% 40% 50% 60% 70% Ratio of bank-owned homes to active listings Sep 1, 2008 Annual decline in median home price Sep Source: MRIS and RealtryTrac.com Historically, home prices have been sticky during market downturns i.e., price declines are retarded by an unwillingness of sellers to accept losses. This has meant that price corrections often occur through depressed rates of appreciation over protracted periods of time. However, a build-up of bankowned homes changes that dynamic due to the pressure on lenders to turn over properties quickly even in the face of substantial losses. 14

15 Price declines and foreclosures have become mutually reinforcing Initially, weak housing market conditions result in declining rates of appreciation and, in time, actual declines in resale prices. This stimulates foreclosures for at-risk borrowers who find themselves upside down with their mortgage and unable to refinance or sell. As foreclosure activity becomes substantial, then large numbers of distressed sales further depress market prices. As inventories of bank-owned homes build, the pressure to lower prices becomes intense. Sustained price declines weaken buyer confidence and cause lenders to tighten lending standards. In a worst case scenario as we see today in Northern Virginia this creates a selfreinforcing downward cycle. 15

16 What does the future hold for Virginia s foreclosure problem? 16

17 In Northern VA, falling prices are now reviving existing home sales Existing Home Sales Northern Tier Region 8,000 7,000 6,000 Peak in May ,000 4,000 3,000 2,000 1, month rolling average Trough in April Source: MRIS 17 Jan-99 Jul-99 Jan-00 Jul-00 Jan-01 Jul-01 Jan-02 Jul-02 Jan-03 Jul-03 Jan-04 Jul-04 Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08

18 Rising home sales are reducing unsold housing inventory Balanced Market Months Supply of Unsold Homes Northern Tier Region Jan-04 Apr-04 Jul-04 Oct-04 Jan-05 Apr-05 Jul-05 Oct-05 Jan-06 Apr-06 Jul-06 Oct-06 Jan-07 Apr-07 Jul-07 Oct-07 Jan-08 Apr-08 Jul-08 INNER (Fairfax-Arlington-Alexandria) MIDDLE (Loudoun-Prince William-Manassas) OUTER (Fredericksburg-Culpeper-Winchester Areas) Source: MRIS 18

19 A big factor in Northern VA s sales rebound is increased affordability In 2000, affordability was a problem mainly inside the Beltway At the peak of the boom, affordability pressures were severe even in the outer suburbs Today, affordability is returning to preboom levels Ratio of Median Home Price to Median Household Income Arlington Alexandria Fairfax Loudoun Spotsylvania Stafford Pr. William Pre-Boom: April 2000 Peak of Boom: May 2006 Post Boom: September 2008 Historic affordability threshold Source: MRIS and Census Bureau 19

20 Bank-owned homes remain a drag and continue to pressure prices In June, at the spring peak in home sales, sharply lower prices briefly reduced the number and share of bank-owned homes in Northern Virginia. But since then, the seasonal slowdown in sales and fewer active listings have quickly rebuilt the bank-owned homes share of the market this has accelerated price declines. Share at Start of Month 120% 110% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Ratio of Bank-owned Homes to MLS Active Home Listings Dec 07 Jan 08 Feb 08 Mar 08 Apr 08 Loudoun Fredericksburg Area May 08 Jun 08 Source: MRIS and RealtryTrac.com Prince William- Manassas Jul 08 Fairfax- Arlington- Alexandria Aug 08 Sep 08 Oct 08 20

21 Lower-end prices have been under the greatest pressure 350 Change in Existing Home Prices, Washington, DC MSA S&P Case-Shiller Monthly Home Price Index (January 2000=100) End of 80's boom Decade of flat home values Jan-87 Jan-88 Jan-89 Jan-90 Jan-91 Jan-92 Jan-93 Jan-94 Jan-95 Jan-96 Jan-97 Jan-98 Jan-99 Note: Tiered price breakpoints are as of August 2008 Start of 00's boom Surge in subprime and alt-a lending Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan % further decline in Lower Tier index needed to restore historic price relationship Lower Price Tier (<$326,889) Middle Price Tier ($326,889 to $477,958) Higher Price Tier (>$477,958) 21

22 Other markets are in an earlier phase of sales and price declines Index (00-1 = 100) Existing Home Sales Index 1st Quarter 2000 = 100 Northern Tier Peak = 2nd Qtr 2005 Other Markets Peak = 2nd Qtr Calendar Year Quarter Northern Tier Hampton Rds-Ches Bay Greater Richmond Balance of State Source: Virginia Association of Realtors 22

23 The following factors will contribute to how quickly markets rebound An upturn in home sales will mark the bottom of the market as unsold inventory declines, prices will stabilize and foreclosures ease. Current data show most Virginia markets still experiencing declining home sales. However, in Northern Virginia steep price cuts are now contributing to a rebound in sales activity. The quicker that prices fall, the sooner that home sales and appreciation rates are likely to turn positive more modest short-term price declines may contribute to prolonged price stagnation as occurred in Northern Virginia during the 1990 s. 23

24 What further risks lie ahead? 1. First, the length and severity of the recession is a major unknown. A layering of traditional economic foreclosure drivers on top of the current factors impacting the market will compound current weakness. 2. A second risk is bank-owned homes. This inventory is quickly building now that the June seasonal peak in sales is past. A continued build-up will reinforce current price cuts in Northern Virginia and could stimulate significant price declines in other markets as well. 3. Finally, there is the ongoing risk of further trauma in the credit markets that would significantly reduce the availability of affordable home financing. It is essential that an adequate supply of affordable mortgage funds remain available to enable the market to recover. 24

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

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

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

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

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

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

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

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

THE 2006 VIRGINIA ASSESSMENT/SALES RATIO STUDY

THE 2006 VIRGINIA ASSESSMENT/SALES RATIO STUDY THE 2006 VIRGINIA ASSESSMENT/SALES RATIO STUDY Virginia Department of Taxation P.O. Box 2460 Richmond, Virginia 23218-2460 February 2008 Table of Contents Page Introduction 2 Results of the Study 3 Figure

More information

January 2018 longandfoster.com

January 2018 longandfoster.com January 218 longandfoster.com 78 -2% % % 7% 1% 3% 4% % 3% 2% 4% 4% 3% 3% 7% 9% 11% 13% 1 1% % - Median Sale Price Percent Change Year/Year 79 $219, $212,25 $225, $237, $226, $232, $24,75 $234,3 $238,625

More information

Virginia. Real Estate and Rental and Leasing Profile

Virginia. Real Estate and Rental and Leasing Profile Virginia Real Estate and Rental and Leasing Profile September 2016 For additional information or explanation of the contents of this document, you may contact the Economic/Operations Research section at

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

Losing Ground In Virginia: The Unaffordability of Rental Housing for Low-Income Families in the 1990's. C. Theodore Koebel and Lydeana H.

Losing Ground In Virginia: The Unaffordability of Rental Housing for Low-Income Families in the 1990's. C. Theodore Koebel and Lydeana H. Losing Ground In Virginia: The Unaffordability of Rental Housing for Low-Income Families in the 1990's C. Theodore Koebel and Lydeana H. Martin Rent Burdens in 1996 Summary of Findings The VRBI for 1996

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

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

Richmond, VA Metropolitan Area

Richmond, VA Metropolitan Area Richmond, VA Metropolitan Area Luxury Housing Market Update November 17 Richmond Metropolitan Area - November 17 The real estate market is always changing, and if you re buying or selling a home especially

More information

VIRGINIA DEPARTMENT OF ALCOHOLIC BEVERAGE CONTROL 2901 Hermitage Road P 0 Box Richmond VA APPLICANT INSTRUCTIONS

VIRGINIA DEPARTMENT OF ALCOHOLIC BEVERAGE CONTROL 2901 Hermitage Road P 0 Box Richmond VA APPLICANT INSTRUCTIONS VIRGINIA DEPARTMENT OF ALCOHOLIC BEVERAGE CONTROL 2901 Hermitage Road P 0 Box 27491 Richmond VA 23261 APPLICANT INSTRUCTIONS 1. 2. 3. 4. 5. Review pages 2-4, Definitions and Qualifications and License

More information

THE PLAN OF THE VIRGINIA HOUSING DEVELOPMENT AUTHORITY FOR THE ALLOCATION OF LOW-INCOME HOUSING TAX CREDITS

THE PLAN OF THE VIRGINIA HOUSING DEVELOPMENT AUTHORITY FOR THE ALLOCATION OF LOW-INCOME HOUSING TAX CREDITS THE PLAN OF THE VIRGINIA HOUSING DEVELOPMENT AUTHORITY FOR THE ALLOCATION OF LOW-INCOME HOUSING TAX CREDITS This plan of the Virginia Housing Development Authority (the Authority ) for the allocation of

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 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

Richmond, VA Metropolitan Area Luxury Housing Market Update

Richmond, VA Metropolitan Area Luxury Housing Market Update Richmond, VA Metropolitan Area Luxury Housing Market Update September 18 Richmond Metropolitan Area - September 18 The real estate market is always changing, and if you re buying or selling a home especially

More information

State of the Nation s Housing 2008: A Preview

State 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 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

THE PLAN OF THE VIRGINIA HOUSING DEVELOPMENT AUTHORITY FOR THE ALLOCATION OF LOW-INCOME HOUSING TAX CREDITS

THE PLAN OF THE VIRGINIA HOUSING DEVELOPMENT AUTHORITY FOR THE ALLOCATION OF LOW-INCOME HOUSING TAX CREDITS THE PLAN OF THE VIRGINIA HOUSING DEVELOPMENT AUTHORITY FOR THE ALLOCATION OF LOW-INCOME HOUSING TAX CREDITS This plan of the Virginia Housing Development Authority (the Authority ) for the allocation of

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

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

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

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

MONTGOMERY COUNTY JANUARY 2019 MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR DECEMBER & 4TH QUARTER 2018

MONTGOMERY COUNTY JANUARY 2019 MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR DECEMBER & 4TH QUARTER 2018 STATPAK MONTGOMERY COUNTY JANUARY 2019 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR DECEMBER & 4TH QUARTER 2018 Contract activity in December 2018 was down 10.1% from December 2017

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

Economic Spotlight September 1, 2009

Economic Spotlight September 1, 2009 Economic Spotlight September 1, 29 Update on Alberta s Housing Market Summary Alberta s housing market is beginning to show signs of recovery. Housing starts have rebounded from March lows and activity

More information

Housing market report

Housing market report Capital city market report Prepared August Dr Andrew Wilson, Senior Economist Australian Property Monitors Buyer momentum rises through mid-winter housing markets National overview Buyer and seller momentum

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

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

REAL ESTATE AND THE ECONOMIC OUTLOOK THROUGH 2013:

REAL ESTATE AND THE ECONOMIC OUTLOOK THROUGH 2013: 1 1 REAL ESTATE AND THE ECONOMIC OUTLOOK THROUGH 2013: Coping With A Different Kind Of Housing Recovery A Presentation To The Commercial Real Estate Education Summit Monrovia, California July 13, 2012

More information

THE PLAN OF THE VIRGINIA HOUSING DEVELOPMENT AUTHORITY FOR THE ALLOCATION OF LOW-INCOME HOUSING TAX CREDITS

THE PLAN OF THE VIRGINIA HOUSING DEVELOPMENT AUTHORITY FOR THE ALLOCATION OF LOW-INCOME HOUSING TAX CREDITS THE PLAN OF THE VIRGINIA HOUSING DEVELOPMENT AUTHORITY FOR THE ALLOCATION OF LOW-INCOME HOUSING TAX CREDITS This plan of the Virginia Housing Development Authority (the Authority ) for the allocation of

More information

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR FEBRUARY McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR FEBRUARY McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES STATPAK LOUDOUN COUNTY MARCH 2018 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR FEBRUARY 2018 Contract activity in February 2018 was almost unchanged, up just 0.2% from February

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

MONTGOMERY COUNTY JULY 2018

MONTGOMERY COUNTY JULY 2018 STATPAK MONTGOMERY COUNTY JULY 2018 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR JUNE & FIRST HALF 2018 Contract activity in June 2018 was up 1.2% from June 2017, solely because

More information

Washington, D.C. Metropolitan Area

Washington, D.C. Metropolitan Area Washington, D.C. Metropolitan Area Luxury Housing Market Update November 217 Washington D.C. Metropolitan Area - November 217 The real estate market is always changing, and if you re buying or selling

More information

PRINCE GEORGE S COUNTY JULY 2018

PRINCE GEORGE S COUNTY JULY 2018 STATPAK PRINCE GEORGE S COUNTY JULY 2018 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR JUNE & FIRST HALF 2018 Contract activity in June 2018 was up 16.4% from June 2017, and through

More information

MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MARCH & 1st QUARTER 2016

MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MARCH & 1st QUARTER 2016 STATPAK ` WASHINGTON, DC APRIL 2016 MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MARCH & 1st QUARTER 2016 Contract activity in March 2016 was up 12.6% from March of 2015, and there were increases

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

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

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

Looking Ahead to 2019: Crosscurrents in the Housing Market

Looking Ahead to 2019: Crosscurrents in the Housing Market 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

More information

T R E N D S I N H O U S I N G MID-YEAR

T R E N D S I N H O U S I N G MID-YEAR AT Welcome to Trends in Housing, a joint publication of MRIS and Delta Associates. This report provides a regular indepth look at the issues that shape the Mid-Atlantic housing market. We hope you find

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

An Introduction to RPX INTRODUCTION

An Introduction to RPX INTRODUCTION An Introduction to RPX INTRODUCTION Radar Logic is a real estate information company based in New York. We convert public residential closing data into information about the state and prospects for the

More information

MONTGOMERY COUNTY MAY 2018

MONTGOMERY COUNTY MAY 2018 STATPAK MONTGOMERY COUNTY MAY 2018 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR APRIL 2018 Contract activity in April 2018 was up just 0.9% from, but there were increases in four

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

The State of the Nation s Housing 2007: A Sneak Peek

The State of the Nation s Housing 2007: A Sneak Peek The State of the Nation s Housing 2007: A Sneak Peek Eric Belsky Remodeling Futures Conference April 10, 2007 Do Not Distribute Embargoed Until June 11, 2007 www.jchs.harvard.edu The Homebuilding Correction

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

MONTGOMERY COUNTY APRIL 2018

MONTGOMERY COUNTY APRIL 2018 STATPAK MONTGOMERY COUNTY APRIL 2018 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MARCH 2018 Contract activity in March 2018 was down 6.0% from March 2017, and there were decreases

More information

Our Housing Market Turns the Corner

Our 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 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

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

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

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

OBSERVATION. TD Economics IS THE AMERICAN HOUSING REBOUND SUSTAINABLE?

OBSERVATION. 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 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

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

PRINCE GEORGE S COUNTY AUGUST 2018

PRINCE GEORGE S COUNTY AUGUST 2018 STATPAK PRINCE GEORGE S COUNTY AUGUST 2018 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR JULY 2018 Contract activity in July 2018 was up 19.7% from July 2017, and through the first

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

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

Residential Real Estate, Demographics, and the Economy

Residential Real Estate, Demographics, and the Economy Residential Real Estate, Demographics, and the Economy Presented to: Regional & Community Bankers Conference Yolanda K. Kodrzycki Senior Economist and Policy Advisor Federal Reserve Bank of Boston October

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

ANALYSIS 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 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 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

Oversupply persists despite improved sales activity for affordable product Mar. 2019

Oversupply persists despite improved sales activity for affordable product Mar. 2019 March 19 MONTHLY STATISTICS PACKAGE Oversupply persists despite improved sales activity for affordable product 19, April 1, 19 March saw a modest decline in city wide sales activity compared to last year.

More information

NORTHERN VIRGINIA NOVEMBER 2017

NORTHERN VIRGINIA NOVEMBER 2017 STATPAK NORTHERN VIRGINIA NOVEMBER 2017 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR OCTOBER 2017 Contract activity in October 2017 was up 3.8% from October 2016, and there were

More information

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR JANUARY McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR JANUARY McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES STATPAK LOUDOUN COUNTY FEBRUARY 2018 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR JANUARY 2018 Contract activity in January 2018 was down just 2.0% from January 2017, but that is

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

Tri-Cities Insider September 2015

Tri-Cities Insider September 2015 Tri-Cities Insider Your Current Real Estate Market 1 Go to: http://grouponetricities.com click on this logo to view market info each month. 2 3 Yearly Comparisons- Real Trends July/June 2015 Housing Market

More information

PRINCE GEORGE S COUNTY FEBRUARY 2018

PRINCE GEORGE S COUNTY FEBRUARY 2018 STATPAK PRINCE GEORGE S COUNTY FEBRUARY 2018 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR JANUARY 2018 Contract activity in January 2018 was up 20.9% from January 2017, and there

More information

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR APRIL McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR APRIL McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES STATPAK WASHINGTON, DC MAY 2018 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR APRIL 2018 Contract activity in April 2018 was up 9.4% from April 2017, and four of the six price categories

More information

Scott Market Report Stronger Sales Continue

Scott Market Report Stronger Sales Continue June 20 Scott Market Report Stronger Sales Continue The Outer Banks real estate market is seeing good signs in most market segments. After a somewhat slow start to 20, sales agreements picked up significantly

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

O O ct ct ober 2017

O O ct ct ober 2017 October Status Quo for Calgary's Housing Market Prices remain similar to last year, but ease in October., November 1, 17 October s housing market conditions closely echoed previous month s trends with

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

NORTHERN VIRGINIA MARCH 2017

NORTHERN VIRGINIA MARCH 2017 STATPAK NORTHERN VIRGINIA MARCH 2017 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR FEBRUARY 2017 Contract activity in February 2017 was up 4.0% from February 2016, and there were

More information

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR AUGUST McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES

STATPAK 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 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

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR OCTOBER McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR OCTOBER McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES STATPAK LOUDOUN COUNTY NOVEMBER 2018 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR OCTOBER 2018 Contract activity in October 2018 was down 7.6% from last October and was down in

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

MULTI-FAMILY DEFINITIONS. Acknowledgements. The following terminology and sources are used in the CREED Apartment Report:

MULTI-FAMILY DEFINITIONS. Acknowledgements. The following terminology and sources are used in the CREED Apartment Report: DEFINITIONS The following terminology and sources are used in the CREED Apartment Report: Absorption Net change in occupied units within comparable communities within a specific time frame. New units that

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

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

Housing Bulletin Monthly Report

Housing Bulletin Monthly Report October 21 1 Housing Bulletin Monthly Report Housing Starts show Slight improvement in September CANADA Housing Starts 2, 15, 1, 5, Sep 8 Oct 8 Nov 8 Dec 8 Preliminary Housing Starts in Alberta and Canada

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

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

MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR SEPTEMBER & 3rd QUARTER 2017

MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR SEPTEMBER & 3rd QUARTER 2017 STATPAK LOUDOUN COUNTY OCTOBER 2017 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR SEPTEMBER & 3rd QUARTER 2017 Contract activity in September 2017 was up just 0.6% from September

More information

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR JULY McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES AFFORDABILITY

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR JULY McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES AFFORDABILITY STATPAK WASHINGTON, DC AUGUST 2018 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR JULY 2018 Contract activity in July 2018 was up just 0.5% from July 2017. Through the first seven

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

Residential. Acknowledgements. Author Data Analysis/ Layout. Financial Support. Disclosure. Blair Hardesty Director Residential DataBank

Residential. Acknowledgements. Author Data Analysis/ Layout. Financial Support. Disclosure. Blair Hardesty Director Residential DataBank Residential Acknowledgements Author Data Analysis/ Layout Financial Support Disclosure Blair Hardesty Director Residential DataBank The E. V. Williams Center for Real Estate and Economic Development (CREED)

More information

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR JUNE & FIRST HALF McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES

STATPAK MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR JUNE & FIRST HALF McEnearney.com CONTRACTS URGENCY INDEX INVENTORY INTEREST RATES STATPAK LOUDOUN COUNTY JULY 2018 McEnearney.com MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR JUNE & FIRST HALF 2018 Contract activity in June 2018 was up 5.1% from June 2017. Through the first

More information

Regional Housing Foreclosure Summit Foreclosures in the Washington Metropolitan Region

Regional Housing Foreclosure Summit Foreclosures in the Washington Metropolitan Region Regional Housing Foreclosure Summit Foreclosures in the Washington Metropolitan Region John C. McClain, AICP Senior Fellow and Deputy Director Center for Regional Analysis School of Public Policy, George

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 Welcome to the latest edition of the UST Minneapolis St. Paul Residential Real Estate Index. The University of St Thomas Residential

More information

BRISBANE HOUSING MARKET STUDY

BRISBANE HOUSING MARKET STUDY BRISBANE HOUSING MARKET 2018 STUDY Executive Summary Brisbane s residential market, especially the detached houses segment has risen steadily over the last year due to the rise in population, falling unemployment

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