Quarterly Housing Market Update
|
|
- Clifford Russell
- 6 years ago
- Views:
Transcription
1 Quarterly Housing Market Update
2 An Overview New Hampshire s current housing market performance, as well as its overall economy, is slowly improving, with positives such as increasing employment and rising home prices. One indicator of New Hampshire s housing market recovery is rising prices in key areas of the state, specifically in Hillsborough and Rockingham counties. On a statewide basis, the inventory of homes for sale has decreased and the pace of home sales has increased. Those New Hampshire households that are willing and qualified to take advantage of continued low interest rates may have an opportunity to get into homeownership. However, borrowers must still have an adequate down payment and excellent credit to qualify for a mortgage under the tighter credit requirements in place since the Great Recession. Furthermore, the inventory of homes selling for under $300 thousand is very limited in those key areas of the state and there is little new construction. The 1,024 cumulative foreclosures in New Hampshire, for the first eight months of 2016, were 10% below the same period in 2015 and 65% below the eight months of 2010, the peak of the foreclosure crisis. Foreclosures are expected to continue to decline this year. This is the result of continued economic progress, that reduces delinquency, and price increases that allow owners to sell their property rather than face foreclosure. However, New Hampshire s housing market continues to pose challenges for renters. New Hampshire Housing s annual residential rental cost survey, which canvasses market-rate units across the state in order to gauge the condition of the rental market, found that vacancy rates dropped while rents increased a continuation of a long-term trend. The state vacancy rate fell to 1.5%, while the median rent for a two-bedroom apartment, including utilities, is at $1,206, an increase of 4.1% from Demand for rental housing remains strong and has spurred some production of new units that are offered at the high end of the market. Rental housing, as a commodity, is a good investment; but, as affordable housing, rental housing now demands a higher percentage of renter household incomes. Growth in New Hampshire s housing market is directly related to broader economic conditions. New Hampshire s unemployment rate is one of the lowest in the region, but given that economic growth will depend on the availability of more labor, a lack of affordable housing (both rental and ownership) can impede improvements in the broader economy.
3 Economic Growth New Hampshire s economy continues to grow. The pace of growth and economic activity since the Great Recession has paralleled that of the United States. In the last several years, however, Massachusetts economic growth has accelerated faster than the U.S. and New Hampshire, but the southern part of the state now sees the benefit of that growth.
4 Employment and Labor Force New Hampshire s labor force is as large as it has ever been, at about 754,000, and total employment at 733,000 is now above the past peak reached in New Hampshire s labor force participation rate, which reached a peak in early 2000, declined steadily until the spring of this year. The decadeplus decline in the labor force participation rate can be attributed to both the depth of the Great Recession and the beginning of the baby-boom generation s exit from the workforce. A rebound, while early to predict, will signal a growing participation by the millennial generation. Labor Force Participation Rate = Labor Force / Civilian Non-Institutional Population Jobs lost in manufacturing and construction have been replaced by jobs in leisure and hospitality, education and health services, and professional and business services. Incomes rose in urban centers but incomes in rural areas were flat or only slightly increased. More importantly, many of the jobs recovered since the end of the recession have been of lower average wage than the jobs lost.
5 Unemployment New Hampshire s seasonally adjusted September 2016 unemployment rate of 2.9% is the lowest rate in New England and is tied with South Dakota for the lowest state rate in the nation. Based on this measure, New Hampshire has returned to its pre-recession level of unemployment.
6 Housing Permit Activity Permit activity is now showing signs of improvement. However, construction activity remains at only half of the level of a decade ago. New Hampshire and New England continue to lag behind the U.S. on average. In addition, while New Hampshire produced more than 1,100 units of multi-family housing per year (most of which is rental housing) between 2012 and 2015, this is about half of the multi-family housing production per year recorded between 2002 and 2006, and may not be adequate to keep up with the current demand for rental housing. Mortgage Interest Rates Interest rates for 30-year fixed rate mortgages remain low at 3.4% in September. They have increased less than one percentage point since their low point of 3.35% in December of 2012.
7 New Hampshire Home Prices New home prices are 53% above existing home prices, and the gap has been widening. New homes now make up less than 3% of all home sales between January and August of $312, $344,200 $225,000 $245,
8 Home Price Index Shows Regional Improvement Home prices in New Hampshire increased just over 6% between the 2nd quarter of 2015 and 2nd quarter of 2016, recovering most of the total 21% decline in prices from their most recent peak in 2005 to their trough in Throughout much of this series, New Hampshire and New England out performed the U.S. as a whole. However, since the end of the recession, New Hampshire and New England have under-performed the nation.
9 Continued Improvement in Home Sales Prices Based on MLS 1 sales in New Hampshire, the August 2016 median price of $249,900 is up less than 2% from the median price in the prior month, but represents an increase of over 8% from August The trend has been upward, with an increase of more than 23% since August of The statistics used in this analysis are based on information from NNEREN for the period January 2003 through August 2016 for all towns in the State of New Hampshire. All analysis and commentary related to the statistics is that of NHHFA and not that of NNEREN. This analysis excludes land, interval ownership, seasonal camps/cottages, multi-family property, mobile/manufactured homes and commercial/industrial property.
10 Strong Pace of Home Sales Sales volume has been rising. At 2,099, September 2016 sales were 7.7% above the prior year 1. Declining Housing Inventory At nearly eight months, the August 2016 inventory has increased from the expected seasonal low points in January, February, and March 1. However, the overall downward trend reflects an increase in closed sales and steady demand. That demand is concentrated in the southern and eastern counties of the state.there is a shortage of inventory below $300,000.
11 Rental Affordability Half of all households in rental units earn less than $40,800 per year and the percentage of market rate units that are affordable to them is low. Rent overpayment affects all age categories. Renters older than 65 are disproportionately impacted, paying over half of their income on rent. However, only one in five of the households that are overpaying is a senior household.
12 Improvement in Foreclosure Numbers The cumulative total of foreclosure deeds for 2015 was 17% below the total for 2014, and the lowest annual total since The 1,024 cumulative foreclosures in New Hampshire, for the first eight months of 2016, were 10% below the same period in 2015 and 65% below the eight months of 2010, the peak of the foreclosure crisis. Foreclosures are anticipated to continue to decline through 2016.
13 Decline in Foreclosure Auction Notices Foreclosure auction notices have now declined to an average of under 200 per month. Comparing the cumulative foreclosure auction notices for all of 2015 with 2014 shows a 23% decline in activity. There were 150 foreclosure notices issued in September of 2016, a 32% decrease over the prior month. The 1,700 foreclosure notices issued in the first nine months of 2016 is 19% lower than the number of foreclosure notices issued during the same time frame in There is a correlation between unemployment and mortgage delinquency. Steady improvement in New Hampshire s unemployment rate since the end of the recession has contributed to improvements in the mortgage delinquency rate; yet delinquencies still remain somewhat above their pre-recession level.
14 Positive Regional Foreclosure Trends New Hampshire s foreclosure initiations, delinquencies, and foreclosure inventory are all lower than the U.S. or New England.
15 Interested in finding out more about the state of housing in New Hampshire? Foreclosure, housing market, and demographic data can be found on our website, on the Studies, Publications, and Presentations page. 32 Constitution Drive, Bedford, NH Mail: P.O. Box 5087, Manchester, NH
Housing Market Update
Housing Market Update March 2017 New Hampshire s Housing Market and Challenges Market Overview Dean J. Christon Executive Director, New Hampshire Housing Finance Authority New Hampshire s current housing
More informationHousing Market Update
Housing Market Update September 2017 EXECUTIVE SUMMARY TIGHT HOUSING MARKET CONTINUES, REFLECTS LOW INVENTORY AND HIGHER PRICES Dean J. Christon, Executive Director September 2017 The trend continues in
More informationMedian Income and Median Home Price
Homeownership Remains Unaffordable; Rental Affordability Showing Signs of Improvement Richard E. Taylor, Research Manager at MaineHousing MaineHousing has released the 217 Maine Homeownership and Rental
More informationHOUSING MARKET REPORT JUNE 2018
HOUSING MARKET REPORT JUNE 2018 New Hampshire Housing Finance Authority PERSPECTIVES ON NEW HAMPSHIRE S RENTAL MARKET Dean J. Christon Executive Director New Hampshire Housing Finance Authority Three times
More informationINLAND EMPIRE REGIONAL INTELLIGENCE REPORT. School of Business. April 2018
INLAND EMPIRE REGIONAL INTELLIGENCE REPORT April 2018 Key economic indicators suggest that the Inland Empire s economy will continue to expand throughout the rest of 2018, building upon its recent growth.
More informationCONTENTS. Executive Summary. Southern Nevada Economic Situation 1 Household Sector 4 Tourism & Hospitality Industry
CONTENTS Executive Summary Southern Nevada Economic Situation 1 Household Sector 4 Tourism & Hospitality Industry Residential Trends 6 Existing Home Sales 10 Property Management Market 11 Foreclosure Situation
More informationCONTENTS. Executive Summary 1. Southern Nevada Economic Situation 2 Household Sector 5 Tourism & Hospitality Industry
CONTENTS Executive Summary 1 Southern Nevada Economic Situation 2 Household Sector 5 Tourism & Hospitality Industry Residential Trends 7 Existing Home Sales 11 Property Management Market 12 Foreclosure
More informationECONOMIC CURRENTS. Vol. 3, Issue 3 SOUTH FLORIDA ECONOMIC QUARTERLY. Introduction
ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Economic Currents provides an overview of the South Florida regional economy. The report presents current employment, economic and real
More informationResidential 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 informationConnecticut First Nine Months Housing Report 2014
Connecticut First Nine Months Housing Report 2014 First Nine Months of 2014 Highlight Positive Outlook for Multi-family Home Construction Millennial buyers are finally increasing their rate of household
More informationECONOMIC CURRENTS. Vol. 5 Issue 2 SOUTH FLORIDA ECONOMIC QUARTERLY. Key Findings, 2 nd Quarter, 2015
ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Economic Currents provides an overview of the South Florida regional economy. The report presents current employment, economic and real
More informationNothing Draws a Crowd Like a Crowd: The Outlook for Home Sales
APRIL 2018 Nothing Draws a Crowd Like a Crowd: The Outlook for Home Sales The U.S. economy posted strong growth with fourth quarter 2017 Real Gross Domestic Product (real GDP) growth revised upwards to
More informationSan Francisco Housing Market Update
San Francisco Housing Market Update California Economic and Housing Market Outlook The national economy maintained a healthy growth rate in the first quarter of 2005 and appeared to be settling in for
More informationHousing Price Forecasts. Illinois and Chicago PMSA, October 2014
Housing Price Forecasts Illinois and Chicago PMSA, October 2014 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public
More informationECONOMIC CURRENTS. Vol. 4, Issue 3. THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY
ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Vol. 4, Issue 3 Economic Currents provides an overview of the South Florida regional economy. The report presents current employment,
More informationHousing Price Forecasts. Illinois and Chicago PMSA, May 2018
Housing Price Forecasts Illinois and Chicago PMSA, May 2018 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationEconomic Highlights. Payroll Employment Growth by State 1. Durable Goods 2. The Conference Board Consumer Confidence Index 3
August 26, 2009 Economic Highlights Southeastern Employment Payroll Employment Growth by State 1 Manufacturing Durable Goods 2 Consumer Spending The Conference Board Consumer Confidence Index 3 Real Estate
More informationCity of Lonsdale Section Table of Contents
City of Lonsdale City of Lonsdale Section Table of Contents Page Introduction Demographic Data Overview Population Estimates and Trends Population Projections Population by Age Household Estimates and
More informationECONOMIC 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 informationINLAND EMPIRE REGIONAL INTELLIGENCE REPORT
INLAND EMPIRE REGIONAL INTELLIGENCE REPORT June 2016 EMPLOYMENT After a slow start to 2016, the Inland Empire s labor market returned to form, in recent job figures. Seasonally adjusted nonfarm employment
More informationPikes 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 informationOBSERVATION. TD Economics IS THE AMERICAN HOUSING REBOUND SUSTAINABLE?
OBSERVATION TD Economics IS THE AMERICAN HOUSING REBOUND SUSTAINABLE? Highlights 2012 was a very good year for the U.S. housing market. Home prices were up almost 8% and housing starts by close to 30%.
More informationHousing 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 informationRESIDENTIAL MARKET ANALYSIS
RESIDENTIAL MARKET ANALYSIS The following market analysis is a two-part analysis that is designed to concentrate on the two types of residential development applicable to the subject. The first analysis
More informationPikes 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 informationHousing Indicators in Tennessee
Housing Indicators in l l l By Joe Speer, Megan Morgeson, Bettie Teasley and Ceagus Clark Introduction Looking at general housing-related indicators across the state of, substantial variation emerges but
More informationHousing and Mortgage Market Update
Housing and Mortgage Market Update Views from the Top Frank E. Nothaft Vice President and Chief Economist January 8, 2015 Summary: Housing & Mortgage Market Outlook for 2015 Interest rates expected to
More informationHousing Price Forecasts. Illinois and Chicago PMSA, December 2015
Housing Price Forecasts Illinois and Chicago PMSA, December 2015 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public
More informationHousing 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} Construction jobs have
Texas Housing Market Finally Building a Solid Recovery By D Ann Petersen } Construction jobs have contributed to total employment consistently beginning this year, making construction the last of the major
More informationRental Housing: Poised for a Return to Growth
Rental Housing: Poised for a Return to Growth Christopher Herbert Remodeling Futures Conference November 9, 21 www.jchs.harvard.edu Summary of Ongoing Joint Center Research on The Rental Housing Market
More informationAddressing the Impact of Housing for Virginia s Economy
Addressing the Impact of Housing for Virginia s Economy A REPORT FOR VIRGINIA S HOUSING POLICY ADVISORY COUNCIL NOVEMBER 2017 Appendix Report 2: Housing the Commonwealth's Future Workforce 2014-2024 Jeannette
More informationTENNESSEE HOUSING MARKET
1st Quarter 212 TENNESSEE HOUSING MARKET David A. Penn, Director Business and Economic Research Center Jennings A. Jones College of Business Middle Tennessee State University This quarterly series is supported
More informationState of the Nation s Housing 2008: A Preview
State of the Nation s Housing 28: A Preview Eric S. Belsky Remodeling Futures Conference April 15, 28 www.jchs.harvard.edu The Housing Market Has Suffered Steep Declines Percent Change Median Existing
More informationHousing Price Forecasts. Illinois and Chicago PMSA, March 2019
Housing Price Forecasts Illinois and Chicago PMSA, March 2019 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationYoung-Adult Housing Demand Continues to Slide, But Young Homeowners Experience Vastly Improved Affordability
Young-Adult Housing Demand Continues to Slide, But Young Homeowners Experience Vastly Improved Affordability September 3, 14 The bad news is that household formation and homeownership among young adults
More informationHousing Price Forecasts. Illinois and Chicago PMSA, January 2018
Housing Price Forecasts Illinois and Chicago PMSA, January 2018 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationRESIDENTIAL MARKET ANALYSIS
RESIDENTIAL MARKET ANALYSIS RMLS Student Fellow Master of Real Estate Development Candidate Many of the single family housing trends in the second quarter of 2017 bounced upwards following a continuation
More informationSTRENGTHENING RENTER DEMAND
5 Rental Housing Rental housing markets experienced another strong year in 2012, with the number of renter households rising by over 1.1 million and marking a decade of unprecedented growth. New construction
More informationHousing Price Forecasts. Illinois and Chicago PMSA, March 2016
Housing Price Forecasts Illinois and Chicago PMSA, March 2016 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs
More informationBy several measures, homebuilding made a comeback in 2012 (Figure 6). After falling another 8.6 percent in 2011, single-family
2 Housing Markets With sales picking up, low inventories of both new and existing homes helped to firm prices and spur new single-family construction in 212. Multifamily markets posted another strong year,
More informationState of the Nation s Housing 2011: A Preview
State of the Nation s Housing 2011: A Preview Christopher Herbert Remodeling Futures Conference April 5, 2011 www.jchs.harvard.edu No Signs of a Recovery Yet % Change % Change Description: 2008 2009 2010
More informationFor the Reno MSA employment has historically been based largely on construction and the leisure and hospitality industry. The construction industry
For the Reno MSA employment has historically been based largely on construction and the leisure and hospitality industry. The construction industry has lost almost 15,000 construction jobs since 2006,
More informationPlanning and Development Department Building and Development Permit Summary Report
Planning and Development Department 21 Building and Development Permit Summary Report February 22, 21 2 21 Building and Development Permit Summary Table of Contents Introduction... 3 Building Permits...
More informationReleased: May 7, 2010
Released: May 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 economic
More informationSJC Comprehensive Plan Update Housing Needs Assessment Briefing. County Council: October 16, 2017 Planning Commission: October 20, 2017
SJC Comprehensive Plan Update 2036 Housing Needs Assessment Briefing County Council: October 16, 2017 Planning Commission: October 20, 2017 Overview GMA Housing Element Background Demographics Employment
More informationHousing Price Forecasts. Illinois and Chicago PMSA, March 2018
Housing Price Forecasts Illinois and Chicago PMSA, March 2018 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationDemographic and Housing Trends
Demographic and Housing Trends In the New Orleans Metro Presented by: Allison Plyer www.gnocdc.org A product of Nonprofit Knowledge Works 1 Housing Production 2 Demographic and Housing Trends Katrina dramatically
More informationMassachusetts 2016 First Quarter Housing Report
Massachusetts 2016 First Quarter Housing Report Outlook for 2016 Positive as Unit Sales Continue to Climb The re-entry of boomerang buyers and potential for millennial homeownership point to a strengthening
More informationThe supply of single-family homes for sale remains
Oh Give Me a (Single-Family Rental) Home Harold D. Hunt and Clare Losey December, 18 Publication 2218 The supply of single-family homes for sale remains tight in many markets across the United States.
More informationNovember An updated analysis of the overall housing needs of the City of Aberdeen. Prepared by: Community Partners Research, Inc.
City of Aberdeen HOUSING STUDY UPDATE November 2010 An updated analysis of the overall housing needs of the City of Aberdeen Prepared by: Community Partners Research, Inc. nd 10865 32 Street North Lake
More informationHousing Price Forecasts. Illinois and Chicago PMSA, August 2017
Housing Price Forecasts Illinois and Chicago PMSA, August 2017 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationSingle Family Sales Maine: Units
Maine Home Connection 19 Commercial St Portland, Maine 04101 MaineHomeConnection.com Office: (207) 517-3100 Email: Info@MaineHomeConnection.com For the fourth consecutive year, Maine home sales set a new
More informationCONTINUED STRONG DEMAND
Rental Housing Although slowing, renter household growth continued to soar in 13. The strength of demand has kept rental markets tight across the country, pushing up rents and spurring new construction.
More informationREGIONAL. Rental Housing in San Joaquin County
Lodi 12 EBERHARDT SCHOOL OF BUSINESS Business Forecasting Center in partnership with San Joaquin Council of Governments 99 26 5 205 Tracy 4 Lathrop Stockton 120 Manteca Ripon Escalon REGIONAL analyst april
More informationResidential Real Estate Market Overview: September 2017 Data
Residential Real Estate Market Overview: September 2017 Data 2017 Mark A. Melikian Chief Valuation Officer mark.melikian@summitvaluations.com 2800 River Road, Suite 460 The following is a market data summary
More informationANALYSIS OF THE CENTRAL VIRGINIA AREA HOUSING MARKET 1st quarter 2013 By Lisa A. Sturtevant, PhD George Mason University Center for Regional Analysis
ANALYSIS OF THE CENTRAL VIRGINIA AREA HOUSING MARKET 1st quarter By Lisa A. Sturtevant, PhD George Mason University Center for Regional Analysis Economic Overview Key economic factors in the first quarter
More informationSalem Multifamily Report
Salem Multifamily Report Jamie Martinson, Senior Advisor, Sperry Van Ness Commercial Advisors [Multifamily] Over the last 12 months, the Willamette Valley (WV) has quickly joined the rest of the nation
More informationVolume II Edition I Why This is a Once in a Lifetime Opportunity for Investors
www.arizonaforcanadians.com Volume II Edition I Why This is a Once in a Lifetime Opportunity for Investors In This Edition How to make great investment returns in a soft market U.S. Financing for Canadians
More informationYear to Date (thru June)
CAAR Market Report 2009 Mid-Year Published by the Charlottesville Area Association of REALTORS Where Are We Now? The pace of home purchases in the Charlottesville area continues to improve from the dismal
More informationPROPERTY ASSESSMENT AND RE USE PLANNING PROJECT
PROPERTY ASSESSMENT AND RE USE PLANNING PROJECT Town of Ware, Massachusetts Prepared For: Ware Board of Selectmen and Community Development Authority Pioneer Valley Planning Commission Prepared By: Community
More informationRapid recovery from the Great Recession, buoyed
Game of Homes The Supply-Demand Struggle Laila Assanie, Sarah Greer, and Luis B. Torres October 4, 2016 Publication 2143 Rapid recovery from the Great Recession, buoyed by the shale oil boom, has fueled
More informationanalyst REGIONAL San Joaquin County Housing: Current Challenges, Future Needs Stockton
Lodi 12 EBERHARDT SCHOOL OF BUSINESS Business Forecasting Center in partnership with San Joaquin Council of Governments 99 26 5 205 Tracy 4 Lathrop Stockton 120 Manteca Ripon Escalon REGIONAL analyst december
More informationMinneapolis St. Paul Residential Real Estate Index
University of St. Thomas Minneapolis St. Paul Residential Real Estate Index Welcome to the latest edition of the UST Minneapolis St. Paul Residential Real Estate Index. The University of St Thomas Residential
More informationHousing 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 informationREAL ESTATE MARKET OVERVIEW 1 st Half of 2015
REAL ESTATE MARKET OVERVIEW 1 st Half of 2015 With Comparisons to the 2 nd Half of 2014 September 4, 2015 Prepared for: First Bank of Wyoming Prepared by: Ken Markert, AICP MMI Planning 2319 Davidson Ave.
More informationHousing Price Forecasts. Illinois and Chicago PMSA, January 2019
Housing Price Forecasts Illinois and Chicago PMSA, January 2019 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationHousing Price Forecasts. Illinois and Chicago PMSA, March 2017
Housing Price Forecasts Illinois and Chicago PMSA, March 2017 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationCAAR Market Report 2010 Mid-Year Published by the Charlottesville Area Association of REALTORS
CAAR Market Report 2010 Mid-Year Published by the Charlottesville Area Association of REALTORS Where Are We Now? The pace of home purchases in the Charlottesville market area showed a significant increase
More informationNew affordable housing production hits record low in 2014
1 Falling Further Behind: Housing Production in the Twin Cities Region December 2015 Key findings Only a small percentage of added housing units were affordable to households with low and moderate incomes.
More informationEconomic 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 information2013 Arizona Housing Market Mid-Year Report
2013 Arizona Housing Market Mid-Year Report This mid-year market report outlines the latest trends in Arizona real estate. The housing market hit bottom in mid to late 2011, and has been in recovery mode
More informationSeptember 2016 RESIDENTIAL MARKET REPORT
September 2016 RESIDENTIAL MARKET REPORT The real estate investment market in Japan has had an abundance of capital (both domestic & foreign) over the past couple of years. This, along with the low (now
More informationMultifamily Market Commentary February 2018
Multifamily Market Commentary February 2018 2018 Multifamily Affordable Market Outlook A Long Way to Go Momentum in the overall multifamily sector will likely slow in 2018 due to elevated levels of new
More informationRESIDENTIAL MARKET ANALYSIS
RESIDENTIAL MARKET ANALYSIS CLANCY TERRY RMLS Student Fellow Master of Real Estate Development Candidate Oregon and national housing markets both demonstrated shifting trends in the first quarter of 2015
More informationHousing & Neighborhoods Trends
Housing & Neighborhoods Trends Where do we stand in 2017 At A Glance: Indicator Trend Comparison to State Financial Housing Burden Tax Burden To Note: In 2017, there were a number of Housing & Neighborhood
More informationAustin-area home prices set August record, outpace household income growth in August 2015
Austin-area home prices set August record, outpace household income growth in August 2015 Market Reports Austin Board of REALTORS releases real estate statistics for August 2015 AUSTIN, Texas September
More informationThe 2017 Flathead County Real Estate Market
The 2017 Flathead County Real Estate Market The Flathead Real Estate Market continues to improve with record number of home sales in 2017 By Jim Kelley Kelley Appraisal 1001 South Main Street Kalispell,
More informationAppendix 1: Gisborne District Quarterly Market Indicators Report April National Policy Statement on Urban Development Capacity
Appendix 1: Gisborne District Quarterly Market Indicators Report April 2018 National Policy Statement on Urban Development Capacity Quarterly Market Indicators Report April 2018 1 Executive Summary This
More informationThe State of Renters & Their Homes
FORECLOSURES FINDING #14 The number of pre-foreclosure notices issued to one- to four-unit properties and condominiums in 2015 fell from the previous year. Pre-foreclosure notices for one- to four-unit
More informationMultifamily Market Commentary February 2017
Multifamily Market Commentary February 2017 Affordable Multifamily Outlook Incremental Improvement Expected in 2017 We expect momentum in the overall multifamily sector to slow in 2017 due to elevated
More informationCALIFORNIA ECONOMIC & MARKET OUTLOOK. October 29,2014 Contra Costa Association of REALTORS Leslie Appleton Young, Chief Economist
2014 2015 CALIFORNIA ECONOMIC & MARKET OUTLOOK October 29,2014 Contra Costa Association of REALTORS Leslie Appleton Young, Chief Economist OVERVIEW Economic Outlook California Housing Market Outlook Housing
More information1200 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 informationCharlottesville Housing Market Report Year-End (Published by the Charlottesville Area Association of REALTORS )
Charlottesville Housing Market Report - 2009 Year-End (Published by the Charlottesville Area Association of REALTORS ) This Quarterly Market Report is produced by the Charlottesville Area Association of
More informationGROWING DIVERSITY OF RENTER HOUSEHOLDS THE STATE OF THE NATION S HOUSING 2012
5 Housing Renter household growth surged in 11, spurred by the decline in homeownership rates across most age groups. With vacancy rates falling and rents on the rise, returns on rental property investments
More informationWashoe County. Quarterly Revenue and Economic Review
Washoe County S p e c i a l p o i n t s o f i n t e r e s t : Property taxes were 5.3% lower than they were in the previous year Single Family Home permits were up 28.5% from last year Consolidated Taxes
More informationHousing Market Outlook Trois-Rivières CMA
H o u s i n g M a r k e t I n f o r m a t i o n Housing Market Outlook C a n a d a M o r t g a g e a n d H o u s i n g C o r p o r a t i o n Date Released: Fall 2011 Activity to remain strong in 2011 and
More informationFY General Revenue Forecast Presentation
FY 2015-2019 General Revenue Forecast Presentation Steven A. Solomon Director of Finance February 18, 2014 Overview Current Economic Outlook National State Local FY 2014 2nd Quarter Revenue Update Five
More informationrd Quarter Market Report
2012 3 rd Quarter Market Report The voice of real estate in Central Virginia CAAR Member Copy Expanded Edition Charlottesville Area 3 rd Quarter 2012 Highlights: Overall sales in Greater Charlottesville
More informationDATA FOR FEBRUARY Published March 20, Sales are up +19.6% month-over-month. The year-over-year comparison is down -7.3%.
Permission is granted only to ARMLS Subscribers for reproduction with attribution on to ARMLS COPYRIGHT 2019. For questions regarding this publication contact Brand@ARMLS.com. DATA FOR FEBRUARY 2019 -
More informationCommunities at the Crossroads: A Survey of Five First-Ring Suburbs
Communities at the Crossroads: A Survey of Five First-Ring Suburbs 19 inner ring suburbs of Cleveland Inner-ring Suburban Key Challenges Bottom feeding flippers and speculators Increase in vacant homes
More informationHousing Price Forecasts. Illinois and Chicago PMSA, September 2016
Housing Price Forecasts Illinois and Chicago PMSA, September 2016 Presented To Illinois Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs University
More informationThese slides are provided as a courtesy to Florida Realtors
These slides are provided as a courtesy to Florida Realtors Please do not re-use or repackage this content without the consent of Elliot Eisenberg, Ph.D. elliot@graphsandlaughs.net WHERE ARE THE NEW HOUSES?
More informationHamilton s Housing Market and Economy
Hamilton s Housing Market and Economy Growth Indicator Report November 2016 hamilton.govt.nz Contents 3. 4. 5. 6. 7. 7. 8. 9. 10. 11. Introduction New Residential Building Consents New Residential Sections
More informationEconomic Indicators City of Oakland
Economic Indicators City of Oakland PREPARED BY: THE OFFICE OF ECONOMIC AND WORKFORCE DEVELOPMENT CITY OF OAKLAND JULY 2014 CITY OF OAKLAND ECONOMIC INDICATORS 1 Introduction to Quarter 1, January March
More informationEconomic Indicators Quarter 3 City of Oakland
Attachment B Economic Indicators Quarter 3 City of Oakland PREPARED BY: THE OFFICE OF ECONOMIC AND WORKFORCE DEVELOPMENT CITY OF OAKLAND DECEMBER 2014 September 16, 2014Sepseseee Introduction to Quarter
More informationHOUSING MARKET OUTLOOK Greater Toronto Area
H o u s i n g M a r k e t I n f o r m a t i o n HOUSING MARKET OUTLOOK Greater Toronto Area C a n a d a M o r t g a g e a n d H o u s i n g C o r p o r a t i o n Date Released: Spring 2013 Table of Contents
More informationRegional Snapshot: Affordable Housing
Regional Snapshot: Affordable Housing Photo credit: City of Atlanta Atlanta Regional Commission, June 2017 For more information, contact: mcarnathan@atlantaregional.com Summary Home ownership and household
More informationEconomic Highlights. Retail Sales Components 1. University of Michigan Consumer Sentiment Index 2. Industrial Production and Capacity Utilization 3
November 17, 2010 Economic Highlights Consumer Spending Retail Sales Components 1 University of Michigan Consumer Sentiment Index 2 Manufacturing Industrial Production and Capacity Utilization 3 Real Estate
More informationCharacteristics of Recent Home Buyers
Characteristics of Recent Home Buyers Special Studies, February 1, 2019 By Carmel Ford Economics and Housing Policy National Association of Home Builders Introduction To analyze home buyers NAHB uses the
More information