HOUSTON REBOUNDED QUICKLY MULTI-HOUSING OFFICE INDUSTRIAL & RETAIL

Size: px
Start display at page:

Download "HOUSTON REBOUNDED QUICKLY MULTI-HOUSING OFFICE INDUSTRIAL & RETAIL"

Transcription

1 HFF s Houston office assembled the following carefullyanalyzed data to most accurately depict the damage caused by Tropical Storm Harvey to Houston. Harvey was the worst rain event in U.S. history Over 50 inches of rain (>1 trillion gallons of water) fell on Houston over the span of 4 days Equal to 70% of Harris County s annual rainfall Previous record set in Louisiana in 1940 A 5,000 yr 20,000+ yr storm Total Cost: Moody s Analytics cut its estimate to $76-$87B, down from $86-108B because housing stock fared better than expected. Economic Losses - $ Billions Hurricane/Storm Total Property Output Death Toll Katrina ,836 Harvey Irma Sandy Andrew The combined costs of Harvey and Irma may not reach the total cost of Hurricane Katrina, and the loss of life in Harvey was a fraction of that experienced during Katrina. HOUSTON REBOUNDED QUICKLY Harvey made landfall near Corpus Christi on August 25th, 2017, and its effects were felt in Texas through August 29th, 2017; 90% of Houston area businesses returned to work by September 5th and 95% were open the following Monday. The key economic drivers Energy industry, Port of Houston, and Health Care received very little impact. MULTI-HOUSING H O U S T O N OFFICE H O U S T O N INDUSTRIAL & RETAIL H O U S T O N 0.6% of buildings reported all units affected (15 buildings) 2.5% of metro area units damaged (15,662 units) 7.9% of buildings reported some kind of damage (215 buildings) 0.8% of SF in the metro damaged (2.0 MSF) 4.0% of buildings reported some kind of damage (58 buildings) Negligible effects HFF 1

2 HOME SALES BOUNCED BACK SINGLE-FAMILY OVERVIEW THERE ARE APPROXIMATELY 1.7 MILLION SINGLE- FAMILY HOMES IN THE HOUSTON METRO. HOME SALES Single-family home sales staged an impressive post-harvey rebound, rising 4.2% year-over-year with 6,913 units sold. On a year-to-date basis, single-family home sales remain 2.3% ahead of the 2016 volume. The single-family home median price $232,000 and average price $291,767 both set September records, increasing 5.5% and 5.4%, respectively. DAMAGE ASSESSMENT 0.2% OF HOMES DESTROYED 2.2% OF HOMES SUSTAINED MAJOR DAMAGE 9.8% 3,629 36, ,630 OF HOMES REPORTED SOME AMOUNT OF DAMAGE SEPTEMBER 2017 HOME SALES DATA IS AN INDICATOR OF RECOVERY EXISTING-HOME MARKET 100,000 Dollars; Sales per 1,000 Employed People HARVEY Notes: 1. Home sales fell in August as flooding and rainfall suppressed buying activity toward the end of the month. 2. September home sales bounced back as homebuyers were able to resume normal activity, which caused the inventory of homes for sale to dip below four months. Sources: Dallas Fed, U.S. Bureau of Labor Statistics, Houston Association of Realtors, Notes: Numbers in parentheses are for September Sales are number of homes sold divided by the six-month moving average of employed people. Prices are in current dollars. All data are seasonally adjusted. Image Source: HFF 2

3 HOUSTON REBOUNDED QUICKLY MULTI-HOUSING OVERVIEW THERE ARE 2,716 MULTI-HOUSING PROPERTIES TOTALING 636,699 UNITS IN THE HOUSTON METRO. HARVEY EFFECT ON MULTI-HOUSING FUNDAMENTALS: 10,926 units were estimated to have been leased in the five weeks after Harvey Citywide multi-housing occupancy increased 0.4% after Harvey with the down units included in the inventory and 1.1% (to reach 90.2%) when the down units are removed from the inventory. Effective rents increased 1.5% from July to October, accelerating positive rent trends from the summer. 115 Class A multi-housing properties dropped concessions after Harvey, dropping the percentage with concessions from 55% to 32% citywide DAMAGE ASSESSMENT 0.6% 2.5% 7.9% 15 Buildings OF BUILDINGS REPORTING ALL UNITS AFFECTED 15,662 Units OF METRO AREA UNITS DAMAGED 215 Buildings OF BUILDINGS REPORTED SOME AMOUNT OF DAMAGE $1.14 HOUSTON MULTI-HOUSING EFFECTIVE RENT AND OCCUPANCY GROWTH POST-HARVEY 89.0% Effective Rent/SF $1.13 $1.12 $1.11 $1.10 $1.09 $1.08 $1.07 $ % 88.6% 88.4% 88.2% 88.0% 87.8% 87.6% Occupancy $1.05 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Effective Rent/SF Average Occupancy Source: Apartment Data Services 87.4% Image: AMLI Houston HFF 3

4 HOUSTON MULTI-HOUSING DAMAGE HEAT MAP # OF DOWN UNITS NW26 Submarket Heat Map Legend # of Down Units Less than 100 units NW25 Between 100 and 500 units Greater than 500 units NW24 NE32 NW20 NE31 NW21 NE30 NE33 NW22 NW19 NE29 NE28 NW17 SE40 NW23 NW18 SW8 SW7 SW6 SW9 SW11 SW12 SW10 SW13 C4 C2 C1 C3 C5 SE35 NE27 SE37 SW15 SW14 SE34 SE36 SW16 SE38 SE39 Galveston SE42 SE41 Source: Apartment Data Services (98.4% of properties surveyed as of September 27, 2017) LOCATION DISTRIBUTION CLASSIFICATION DISTRIBUTION 12.6% 9.0% 28.4% Southwest 17.6% 24.5% 25.5% Northeast Northwest Southeast Central 82.4% Class A Class BCD HFF 4

5 HOUSTON REBOUNDED QUICKLY OFFICE OVERVIEW OFFICE DAMAGE HEAT MAP NW25 NW24 NW20 NW26 NE31 Submarket Heat Map Legend NE32 # of Down Units Less than 100,000 SF Between 100,000 SF and 500,000 SF Greater than 500,000 SF DAMAGE ASSESSMENT 0.8% MSF IN THE METRO DAMAGED 4.0% 2.0 MSF 58 Buildings OF BUILDINGS REPORTED SOME AMOUNT OF DAMAGE NW21 NE30 NE33 NW23 SW16 NW22 NW19 NE29 NE28 NW17 NW18 C4 NE27 SW8 SW7 C5 SW6 C2 C1 SW9 SW11 SW12 C3 SW10 SE35 SW13 SW14 SE34 SE36 SW15 SE38 SE42 SE37 SE39 SE41 SE40 Galveston Of the damaged square footage, over half was expected to be back online within one month of the event with another 20% repaired prior to year-end. The timeline for the remaining 27% of the damaged space is unknown and 3% had minor damage but no interruption of service. Source: HFF Research HFF 5

6 HFF RECENTLY CLOSED TRANSACTIONS On Thursday, August 31 st, we officially re-opened HFF Houston and are successfully closing real estate transactions, including two loan closings on multi-housing and office assets within 48 hours of Harvey. We stand ready to provide the professional service to which you have grown accustomed, and we are available to answer any questions you may have relating to conditions across the city. Thank you for your care and for your confidence. Please reach out to any one of us with your needs. EXAMPLE HOUSTON DEALS CLOSED BY HFF SINCE HARVEY LANDFALL Deal Name Platform Stage Deal Type Date Closed Property Type H6 Investment Advisory Closed Property Sale 10/06/2017 Apartments 2100 West Loop South Investment Advisory Closed Property Sale 09/26/2017 Office 2100 West Loop South - Debt Debt Closed Fixed-rate 09/25/2017 Office The Villages of Cypress Creek Investment Advisory Closed Property Sale 09/08/2017 Apartments The Villages of Cypress Creek - Debt Debt Closed Fixed-rate 09/08/2017 Apartments 700 Louisiana Debt Closed Floating-Rate 08/31/2017 Office Total SF Closed 4,425,652 Total SF In Closing / Under Contract 9,865,494 Source: HFF Research H6 700 LOUISIANA 2100 WEST LOOP SOUTH THE VILLAGES OF CYPRESS CREEK HFF 6

7 HFF HARVEY RESPONSE WE ARE COMMITTED TO EACH OTHER & OUR COMMUNITY HFF Houston extends our gratitude to those offering their thoughtful condolences in the wake of Harvey. National media outlets have made clear the citizens response to the adverse conditions impacting the city we are committed to each other and to our community. The firm has established a 501(c)(3) Foundation to help the immediate and extended family of HFF employees, associates, and any cause deemed worthy. It is intended to provide relief to individuals who have suffered loss from a natural disaster or personal hardship. The process of developing the foundation was spurred by the many who have been affected by Harvey. The Houston Astros are the 2017 WORLD SERIES CHAMPIONS! HFF 7

Storm Accelerates Lease Cycle; Effective Rents on the Rise

Storm Accelerates Lease Cycle; Effective Rents on the Rise VIEWPOINT CBRE AMERICAS RESEARCH Hurricane Harvey: Multifamily Analysis Storm Accelerates Lease Cycle; Effective Rents on the Rise Robert Kramp, Director, Research & Analysis Analee Micheletti, Senior

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

Phoenix, Central and Northern Arizona

Phoenix, Central and Northern Arizona Phoenix, Central and Northern Arizona End of Year Housing Report 1-8-354-5664 LongRealty.com 217 End of Year Housing Report SALES & INVENTORY Housing market trends For the overall real estate market in

More information

TEXAS HOUSING INSIGHT

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

More information

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

FOR IMMEDIATE RELEASE Contact: David B. Bennett President & CEO Phone:

FOR IMMEDIATE RELEASE Contact: David B. Bennett President & CEO Phone: FOR IMMEDIATE RELEASE Contact: David B. Bennett President & CEO Phone: 727-216-32 Email: dbennett@tampabayrealtor.com Real Estate Statistics for September 217 September s numbers are out, and it comes

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

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

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

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

May 2008 MLS Month in Review

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

More information

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

FOR IMMEDIATE RELEASE Contact: David B. Bennett President & CEO Phone:

FOR IMMEDIATE RELEASE Contact: David B. Bennett President & CEO Phone: FOR IMMEDIATE RELEASE Contact: David B. Bennett President & CEO Phone: 727-216-32 Email: dbennett@tampabayrealtor.com Real Estate Statistics for December 217 wrapped up a sizzling 217 with a steady month

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

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

Houston s industrial market continues to expand

Houston s industrial market continues to expand Research & Forecast Report HOUSTON INDUSTRIAL Q1 2017 Houston s industrial market continues to expand Lisa Bridges Director of Market Research Houston During the first quarter of 2017, 1.7M SF of Houston

More information

FOR IMMEDIATE RELEASE Contact: David B. Bennett President & CEO Phone:

FOR IMMEDIATE RELEASE Contact: David B. Bennett President & CEO Phone: FOR IMMEDIATE RELEASE Contact: David B. Bennett President & CEO Phone: 727-216-32 Email: dbennett@tampabayrealtor.com Real Estate Statistics for September 216 At this time of year everyone starts to get

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

Monthly Indicators % % %

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

More information

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

RESIDENTIAL MARKET ANALYSIS

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

More information

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

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

TUCSON and SOUTHERN ARIZONA

TUCSON and SOUTHERN ARIZONA TUCSON and SOUTHERN ARIZONA End of Year Housing Report (52) 818-454 Stephen@TeamWoodall.com 217 End of Year Housing Report SALES & INVENTORY Housing market trends For the overall real estate market in

More information

July 2012 was $162,256. ($153,956). was $314,607. was $172,488. ($164,426). Kansas City Region Average Sales Price - Existing Homes

July 2012 was $162,256. ($153,956). was $314,607. was $172,488. ($164,426). Kansas City Region Average Sales Price - Existing Homes July 212 Kansas City Regional Real Estate Market Report Average Sales Price The average exis ng home sale price in July 212 was $162,256. 25 Kansas City Region Average Sales Price - Existing Homes July

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 gross domestic product California vs. United States

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

More information

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

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

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

September 2018 MLS Statistical Report

September 2018 MLS Statistical Report September 218 MLS Statistical Report Total Sales Blame it on Hurricane Florence but overall, sales dropped drastically in August - down 17%. Total Sales Sept'18 172-17% Sept'17 26-2% Sept'16 211 7% 3 2

More information

Houston Summer Retail. Office. July 2016 Commercial Markets. Independent Valuations for a Variable World Page 1. Summary Q1 Statistics

Houston Summer Retail. Office. July 2016 Commercial Markets. Independent Valuations for a Variable World Page 1. Summary Q1 Statistics July 2016 Commercial Markets In This Issue Commercial Markets Retail Office Industrial Multifamily Housing Trends Single Family Housing Lot Supply & New Home Data % 10% 8% 6% 4% 2% 0% Retail 2007 Q1 2008

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

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

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

Released: June Commentary 2. The Numbers That Drive Real Estate 3. Recent Government Action 9. Topics for Home Buyers, Sellers, and Owners 11

Released: June Commentary 2. The Numbers That Drive Real Estate 3. Recent Government Action 9. Topics for Home Buyers, Sellers, and Owners 11 Released: June 2011 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 U.S. housing

More information

MONTHS OF SUPPLY AND PRICE CHANGES. Home improvement November marks a rise in sales. MONTHLY STATISTICS PACKAGE City of Calgary. Nov.

MONTHS OF SUPPLY AND PRICE CHANGES. Home improvement November marks a rise in sales. MONTHLY STATISTICS PACKAGE City of Calgary. Nov. November 17 17 Home improvement November marks a rise in sales. City of Calgary, December 1, 17 The November housing market was spurred by a rise in sales, particularly in the lower price ranges. Sales

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

M onthly arket. July Table of Contents. Monthly Highlights

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

More information

Monthly Indicators. October 2010

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

More information

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

HOUSING MARKET ANALYSIS

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

More information

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

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

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

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

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

More information

Property. Mashreq. Economic Overview. Wealth Gauge.

Property. Mashreq. Economic Overview. Wealth Gauge. Economic Overview United Arab Emirates has continued to benefit from surging confidence, safeheaven status, rising population and stable world class real estate market opportunities. The macroeconomic

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

Multiple Listing Service of Southern Arizona Monthly Statistics September 2018

Multiple Listing Service of Southern Arizona Monthly Statistics September 2018 For Immediate Release: October, CONTACT: Judith Grammond MLSSAZ President (5) 7 Sean Murphy Executive Vice President (5) 7 Randy Rogers CEO, MLSSAZ (5) 374 Multiple Listing Service of Southern Arizona

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

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

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

More information

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

Average Change Sale Price 07 v. 08 Clackamas $375,800-6% Columbia $230,700-9% Multnomah $331,400-1% Washington $317,100-5% Yamhill $270,700-5%

Average Change Sale Price 07 v. 08 Clackamas $375,800-6% Columbia $230,700-9% Multnomah $331,400-1% Washington $317,100-5% Yamhill $270,700-5% A Publication of RMLS, The Source for Real Estate Statistics in Your Community Residential Review: Metro, Oregon 29 Reporting Period Residential Highlights Although closed sales dragged to a new low in,

More information

TEXAS HOUSING INSIGHT

TEXAS HOUSING INSIGHT TEXAS HOUSING INSIGHT JAMES P. GAINES CHIEF ECONOMIST WESLEY MILLER RESEARCH ASSOCIATE PAIGE WOODSON RESEARCH INTERN LUIS B. TORRES RESEARCH ECONOMIST TECHNICAL REPORT 2 1 2 0 JUNE 2018 TR Contents April

More information

Competitive Pricing Survey. Summary Report. Subject Property 3/6/2014. Subject Property: Survey Date:

Competitive Pricing Survey. Summary Report. Subject Property 3/6/2014. Subject Property: Survey Date: Competitive Pricing Survey Summary Report Subject Property: Survey Date: Subject Property 3/6/2014 14901 Quorum Drive, Suite 600 Dallas, Texas 75254 cpssupport@axiometrics.com http://www.axiometrics.com

More information

Outlook for Median Home Selling Prices. United States data are useless for us.

Outlook for Median Home Selling Prices. United States data are useless for us. Outlook for Median Home Selling Prices Outline United States Data Unobserved Prices The Future of California s Median Home Price Bill Watkins August 28, 28 2.% Existing Single-family Housing Sales percent

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

Year to Date Summary. Average and Median Sale Prices

Year to Date Summary. Average and Median Sale Prices A Publication of RMLS, The Source for Real Estate Statistics in Your Community Residential Review: Metro Portland, Oregon September 2018 Reporting Period September Residential Highlights Cooler numbers

More information

Manhattan Rental Market Report December 2017 mns.com

Manhattan Rental Market Report December 2017 mns.com Manhattan Rental Market Report December 2017 TABLE OF CONTENTS 03 Introduction 04 A Quick Look 07 Mean Manhattan Rental Prices 11 Manhattan Price Trends 12 Neighborhood Price Trends 12 Battery Park City

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

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

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

News Release FOR IMMEDIATE RELEASE:

News Release FOR IMMEDIATE RELEASE: News Release FOR IMMEDIATE RELEASE: sales exceed historical average VANCOUVER, BC November 2, Metro Vancouver* home sales exceeded typical historical levels in with the majority concentrated in the townhouse

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

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

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

Home listings at four-year October high as sales remain below typical levels

Home listings at four-year October high as sales remain below typical levels News Release FOR IMMEDIATE RELEASE: Home listings at four-year high as sales remain below typical levels VANCOUVER, BC November 2, Home sale activity across Metro Vancouver* remained below long-term historical

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

Highs & Lows of Floodplain Regulations

Highs & Lows of Floodplain Regulations Highs & Lows of Floodplain Regulations Luis B. Torres, Clare Losey, and Wesley Miller September 6, 218 H ouston, the nation s fourth-largest city and home to a burgeoning oil and gas sector, has weathered

More information

Monthly Market Watch for Maricopa County An overview of what is happening in the Maricopa County real estate market

Monthly Market Watch for Maricopa County An overview of what is happening in the Maricopa County real estate market Monthly Market Watch for Maricopa County An overview of what is happening in the Maricopa County real estate market Provided by Susan Kraemer of Prudential Arizona Properties Report overview: This report

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

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

Patience required in Calgary's housing market recovery Jul. 2018

Patience required in Calgary's housing market recovery Jul. 2018 July 18 MONTHLY STATISTICS PACKAGE City of Calgary Patience required in Calgary's housing market recovery 18 City of Calgary, August 1, 18 Recent struggles in the job market, accompanied by yet another

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

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

October 1, Victoria Real Estate Market Continues to Stabilize

October 1, Victoria Real Estate Market Continues to Stabilize PRESIDENT Kyle Kerr PRESIDENT ELECT Cheryl Woolley SECRETARY TREASURER David Langlois PAST PRESIDENT Ara Balabanian DIRECTORS Jackie Adkins Sandi-Jo Ayers Bill Ethier Karen Dinnie-Smyth Andrew Plank EXECUTIVE

More information

MonthlyStatistics OCTOBER 2018

MonthlyStatistics OCTOBER 2018 MonthlyStatistics OCTOBER 2018 FOR IMMEDIATE RELEASE November 1, 2018 Prices Continue Rising Despite Moderating Sales NANAIMO, BC Sales of single-family homes in October were 11 per cent higher than in

More information

April Paul Wilson 2015 GAAR President. Monthly Market Report. APRIL At a glance * Table of Contents

April Paul Wilson 2015 GAAR President. Monthly Market Report. APRIL At a glance * Table of Contents Monthly Market Report April 2015 APRIL At a glance * Active Listings Pending sales Closed sales 3,953 1,180 844-9.79% from last year +20.90% from last year +17.06% from last year Table of Contents Market

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

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

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

Houston s industrial leasing activity decreases 42.7% over the quarter - vacancy rate remains under 5.0%

Houston s industrial leasing activity decreases 42.7% over the quarter - vacancy rate remains under 5.0% Research & Forecast Report HOUSTON INDUSTRIAL Q3 2015 Houston s industrial leasing activity decreases 42.7% over the quarter - vacancy rate remains under 5.0% Lisa Bridges Director of Market Research Houston

More information

January Paul Wilson 2015 GAAR President MONTHLY MARKET REPORT JANUARY AT A GLANCE * TABLE OF CONTENTS CONTACT

January Paul Wilson 2015 GAAR President MONTHLY MARKET REPORT JANUARY AT A GLANCE * TABLE OF CONTENTS CONTACT MONTHLY MARKET REPORT January 2015 JANUARY AT A GLANCE * Active Listings Pending sales Closed sales 3,741 855 537-3.68% from last year +11.18 % from last year -0.37% from last year TABLE OF CONTENTS Market

More information

February Paul Wilson 2015 GAAR President MONTHLY MARKET REPORT FEBRUARY AT A GLANCE * TABLE OF CONTENTS CONTACT

February Paul Wilson 2015 GAAR President MONTHLY MARKET REPORT FEBRUARY AT A GLANCE * TABLE OF CONTENTS CONTACT MONTHLY MARKET REPORT February 2015 FEBRUARY AT A GLANCE * Active Listings Pending sales Closed sales 3,665 921 554-6.62% from last year +16.14% from last year +0.73% from last year TABLE OF CONTENTS Market

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

April Jon Schnoor 2016 GAAR President MONTHLY MARKET REPORT AT A GLANCE * TABLE OF CONTENTS CONTACT

April Jon Schnoor 2016 GAAR President MONTHLY MARKET REPORT AT A GLANCE * TABLE OF CONTENTS CONTACT MONTHLY MARKET REPORT April 2016 AT A GLANCE * Active Listings Pending sales Closed sales 3,275 1,211 930-17.15% from last year +2.63% from last year +10.19% from last year TABLE OF CONTENTS Market Inventory...2

More information

June Jon Schnoor 2016 GAAR President MONTHLY MARKET REPORT AT A GLANCE * TABLE OF CONTENTS CONTACT

June Jon Schnoor 2016 GAAR President MONTHLY MARKET REPORT AT A GLANCE * TABLE OF CONTENTS CONTACT MONTHLY MARKET REPORT June 2016 AT A GLANCE * Active Listings Pending sales Closed sales 3,553 1,173 1,076-13.11% from last year -1.26% from last year +9.35% from last year TABLE OF CONTENTS Market Inventory...2

More information

Oct Paul Wilson 2015 GAAR President MONTHLY MARKET REPORT OCTOBER AT A GLANCE * TABLE OF CONTENTS CONTACT

Oct Paul Wilson 2015 GAAR President MONTHLY MARKET REPORT OCTOBER AT A GLANCE * TABLE OF CONTENTS CONTACT MONTHLY MARKET REPORT Oct. 2015 OCTOBER AT A GLANCE * Active Listings Pending sales Closed sales 3,763 958 835-20.02% from last year +15.28% from last year +10.16% from last year TABLE OF CONTENTS Market

More information

February Jon Schnoor 2016 GAAR President MONTHLY MARKET REPORT FEBRUARY AT A GLANCE * TABLE OF CONTENTS CONTACT

February Jon Schnoor 2016 GAAR President MONTHLY MARKET REPORT FEBRUARY AT A GLANCE * TABLE OF CONTENTS CONTACT MONTHLY MARKET REPORT February 2016 FEBRUARY AT A GLANCE * Active Listings Pending sales Closed sales 3,108 1,040 638-15.2% from last year 12.92% from last year 15.16% from last year TABLE OF CONTENTS

More information

May Jon Schnoor 2016 GAAR President MONTHLY MARKET REPORT AT A GLANCE * TABLE OF CONTENTS CONTACT

May Jon Schnoor 2016 GAAR President MONTHLY MARKET REPORT AT A GLANCE * TABLE OF CONTENTS CONTACT MONTHLY MARKET REPORT May 2016 AT A GLANCE * Active Listings Pending sales Closed sales 3,363 1,215 984-15.16% from last year -1.54% from last year +8.97% from last year TABLE OF CONTENTS Market Inventory...2

More information

VANCOUVER, BC December 2, 2016 Home buyer and seller activity remains near historical averages in the Metro Vancouver* housing market.

VANCOUVER, BC December 2, 2016 Home buyer and seller activity remains near historical averages in the Metro Vancouver* housing market. News Release FOR IMMEDIATE RELEASE: Home sales and listings just below 10-year average VANCOUVER, BC December 2, Home buyer and seller activity remains near historical averages in the Metro Vancouver*

More information

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

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

More information

Average and Median Sale Prices

Average and Median Sale Prices A Publication of RMLS, The Source for Real Estate Statistics in Your Community Residential Review: Metro Portland, Oregon September 2017 Reporting Period September Residential Highlights Year to Date Summary

More information

Manhattan Rental Market Report March 2018 mns.com

Manhattan Rental Market Report March 2018 mns.com Manhattan Rental Market Report March 2018 TABLE OF CONTENTS 03 Introduction 04 A Quick Look 07 Mean Manhattan Rental Prices 11 Manhattan Price Trends 12 Neighborhood Price Trends 12 Battery Park City 13

More information

THE SWEARINGEN REPORT VICTORIA MLS

THE SWEARINGEN REPORT VICTORIA MLS THE SWEARINGEN REPORT VICTORIA MLS Current Observations: Victoria at a Crossroads -This month's comments are from The Texas A&M Real Estate Center article dated Sept 5, 218. More than a year after Hurricane

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

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

MonthlyStatistics AUGUST 2018

MonthlyStatistics AUGUST 2018 MonthlyStatistics AUGUST 2018 FOR IMMEDIATE RELEASE September 4, 2018 Sales Bounce Back Slightly From July But Still Lower Than in 2017 NANAIMO, BC Sales of single-family homes in August were seven per

More information

Victoria Real Estate Market Continues to Sizzle in Summer Months. August , Victoria, BC

Victoria Real Estate Market Continues to Sizzle in Summer Months. August , Victoria, BC Victoria Real Estate Market Continues to Sizzle in Summer Months August 16, Victoria, BC A total of 97 properties sold in the Victoria Real Estate Board region this July, an increase of per cent compared

More information

Monthly Indicators. January Quick Facts + 1.8% + 9.8% %

Monthly Indicators. January Quick Facts + 1.8% + 9.8% % Monthly Indicators 2018 Last month we checked 2017 off as another strong year for Indiana housing markets; and, 2018 is in step so far. Existing-home sales activity held steady in with buyers closing 4,571

More information