Economics Group. Special Commentary. June 01, 2015
|
|
- Dale Walters
- 6 years ago
- Views:
Transcription
1 June 1, 215 Economics Group Special Commentary Mark Vitner, Senior Economist (74) Anika R. Khan, Senior Economist (74) Alex V. Moehring, Economic Analyst (74) Housing Chartbook: June 215 Housing Activity Ramps Up Demand for new and existing homes continues to ramp up heading into the peak spring selling season. New home sales through the first four months of this year are running 22.4 percent ahead of their year-earlier pace and homebuilders generally report strong demand across much of the country. Existing home sales, which reflect closings, have been more volatile this year, reflecting the effects of winter weather, tight inventories and delays in the closing process. Pending home sales, which are purchase contracts, have shown steady improvement. The most recent data show pending sales rising 3.4 percent in April and up 14. percent from their year ago level. The strength in pending home sales suggests existing home sales will rise solidly this spring, which we believe will set up 215 to be the best year for housing since the recession ended six years ago. One of the biggest hurdles for existing home sales has been a lack of available inventory. Inventories of existing homes have fallen.9 percent over the past year and remain at a relatively lean 5.3-months supply. Inventories are tight even though homes are selling much more quickly and sellers are receiving a higher proportion of their asking price. The continued lack of existing home inventory is due to a multitude of factors. For starters, the housing market is still healing. While prices have improved considerably, a large proportion of homeowners remain in a negative equity or near negative equity position. The lack of equity means a move does not make sense for many potential sellers. Moreover, many homeowners may be concerned that they will have difficulty qualifying for a new mortgage and are unwilling to part with their current mortgage, which may have been refinanced at a low mortgage rate. Credit criteria are more stringent than they were previously, particularly in regard to income documentation. The stricter guidelines come at a time when income has been growing very slowly and many workers are supplementing their income in ways that may be difficult to document. One of the biggest hurdles for existing home sales has been a lack of available inventory. Figure 1 Figure Pending vs. Existing Home Sales Index, Millions, 3-Month Moving Average Pending Home Sales: 11 (Left Axis) Existing Home Sales: 5.M (Right Axis) Multifamily Starts Multifamily Forecast Single-family Starts Single-family Forecast Housing Starts Millions of Units Forecast Source: U.S. Department of Commerce, NAR and Wells Fargo Securities, LLC This report is available on wellsfargo.com/economics and on Bloomberg WFRE.
2 Housing Chartbook: June 215 June 1, 215 Generational hurdles may also be holding some homes off the market. The lack of housing turnover may be about to change. A Large Number of Homes Remain Off the Market Another factor that may be restraining existing home inventories is the larger role that rental homes play in the housing market today. Investors bought a significant portion of available inventory earlier in the recovery and have converted many of these homes to rental units, effectively taking them off the for-sale market. With vacancy rates falling, rents increasing and interest rates remaining low, few investors are likely to put many of these homes up for sale. Generational hurdles may also be holding some homes off the market. The struggles that Millennials are facing establishing their careers and building a nest egg has received widespread attention. With a rising proportion of Millennials living at home with their parents, many homeowners are holding on to their current home rather than downsizing or relocating, as empty nesters traditionally have. The lack of inventory has likely contributed to some of the recent fevered bidding for homes, particularly in good school districts, where empty nesters are not making way for families with school-aged children. The National Association of Realtors (NAR) noted that roughly 4 percent of the homes sold in April were sold at or above their asking price, which was the highest share seen since NAR began tracking this in December 211. We suspect that housing turnover has slowed in a major way but it is difficult to calculate turnover in a way that takes into account all of the structural shifts that have taken place in recent years. We calculated existing home sales and existing home inventories as a share of the occupied housing stock and found that turnover not only remains well below its pre-recession levels but also below the levels that existed prior to housing boom. The slight uptrend in sales as a share of the occupied housing stock likely reflects the improvement in home equity. The lack of housing turnover may be about to change. Word is getting out that right now is a pretty good time to put your home on the market. The latest University of Michigan Survey of Consumer Sentiment asks a number of questions related to whether consumers feel now is a good time to buy a home and whether now is a good time for a homeowner to sell a home. Responses concerning the purchase decision tend to be influenced more by mortgage rates while responses dealing with whether it is a good time to sell are more influenced by changes in home prices. Both indices are moving in the right direction, with the bulk of the recent improvement coming in the proportion of households that feel now is a good time to sell a home. The one caveat in the University of Michigan s survey is that a relatively high proportion of households, 4 percent in May, said that now is a bad time to sell a home and another 6 percent said they were uncertain. Our forecast for home sales and new home construction continues to call for solid gains during the next few years. We feel that home sales and new home construction will be an upside surprise for the economy this year and expect home price appreciation to reaccelerate a bit from recent levels, as new supply continues to lag behind strengthening demand. Construction will continue to be restrained by a lack of developed lots and increased development costs. Figure 3 Figure 4 1 Young Adults Living in Parent's Household Percent of Total Population Aged 25 to 34 Years 25 to 34 Year Olds: to 7 Average 1 7% Housing Turnover Existing Home Sales & Inventory as a Share of Occupied Stock 7% 1 1 3% 3% 2% 2% Source: U.S. Department of Commerce, NAR and Wells Fargo Securities, LLC 1% Sales: 4.3% Inventory: % 2
3 National Housing Outlook Forecast Real GDP, percent change Nonfarm Employment, percent change Unemployment Rate Home Construction Total Housing Starts, in thousands ,13. 1,23. Single-Family Starts, in thousands Multifamily Starts, in thousands Home Sales New Home Sales, Single-Family, in thousands Total Existing Home Sales, in thousands 4,11. 4,34. 4,19. 4,26. 4,66. 5,9. 4,94. 5,15. 5,4. Existing Single-Family Home Sales, in thousands 3,66. 3,87. 3,78. 3,787. 4,128. 4,484. 4,344. 4,53. 4,75. Existing Condominium & Townhouse Sales, in thousands Home Prices Median New Home, $ Thousands Percent Change Median Existing Home, $ Thousands Percent Change FHFA (OFHEO) Home Price Index (Purch Only), Pct Chg Case-Shiller C-1 Home Price Index, Percent Change Interest Rates - Annual Averages Prime Rate Ten-Year Treasury Note Conventional 3-Year Fixed Rate, Commitment Rate One-Year ARM, Effective Rate, Commitment Rate Forecast as of: June 1, 215 Source: Federal Reserve Board, FHFA, MBA, NAR, S&P, U.S. Department of Commerce, U.S. Department of Labor and Wells Fargo Securities, LLC Housing Chartbook: June 215 June 1, 215 3
4 Housing Chartbook: June 215 June 1, 215 Mortgages 1,6 New Home Sales vs. 3-Year Mortgage Rate Thousands, SAAR, FHLMC Conventional Fixed Rate Mortgage 3% 5 Mortgage applications for purchase have ticked up recently. Purchase applications have increased 13.1 percent from a year ago. Strong mortgage applications support our outlook for a strong spring selling season this year. We expect purchase applications to improve further in 215. Mortgage rates should rise modestly, as the Fed begins to raise short-term interest rates, although not enough to choke off the housing recovery. Mortgage applications for refinancing have moderated. We do not expect to see another large increase in refinancing activity, as most of the homeowners that were in a position to refinance have already done so. Mortgage Applications for Purchase Seasonally Adjusted Index, 199= 5 1,4 1, 1, New Home Sales: 517, (Left Axis) 3-Year Fixed Mortg. Rate: 3. (Inverted Right Axis) Conventional Mortgage to 1-Year Treasury Spread Basis Points Mortgage Spread: 161 bps 7% 9% 1 11% Mort. Appl.: 8-Week Average: , 1, Weekly Figure: 21.5 Up From: Week Average Up 12.9% From Same Period Last Year Mortgage Applications for Refinancing 4-Week Moving Average, Seasonally Adjusted Weekly Figure: 1,538 Down from 1,61 on May-15 4-Week Average: 1,68 4-Week Average Up 19.3% from Same Period Last Year 12, 1, MBA Mortgage Credit Availability Index Index, Mar 212 = MCAI: , 8, , 6, 4, 4, 2, 2, Source: Mortgage Bankers Association, FHLMC, U.S. Department of Commerce and Wells Fargo Securities, LLC 4
5 Housing Chartbook: June 215 June 1, 215 Single-Family Construction Single-family housing starts came roaring back in April after a weak start to the year, rising to a 733 thousand unit annual rate. Year-to-date single-family starts are up 7.6 percent. Part of April s huge bounce back was likely a catch up from the winter slowdown. Starts in April are running above single-family permits, suggesting we may see some payback in coming months. Unusually wet weather in Texas may also take a toll on May starts. For the year, single-family starts should rise 12.7 percent. Most forward-looking indicators for new home construction remain positive. Builder sentiment remained in expansion territory for the 11th consecutive month Existing & New Single-Family Home Sales Both Series In Millions of Units, Seasonally Adjusted Annual Rate New Home Sales: Million (Left Axis) Existing Home Sales: 4.4 Million (Right Axis) Single-Family Housing Starts SAAR, In Millions, 3-Month Moving Average Single-Family Building Permits SAAR, In Millions, 3-Month Moving Average Single-Family Building Permits: 645K Single-Family Housing Starts: 654K Expected Single-Family Home Sales Percent, NAHB Housing Market Index Single-Family Housing Completions Seasonally Adjusted Annual Rate, In Millions Single-Family Housing Completions: 688K In the Next 6 Months: Source: U.S. Dept. of Commerce, National Association of Realtors, NAHB and Wells Fargo Securities, LLC
6 Housing Chartbook: June 215 June 1, 215 Multifamily Construction 5 Multifamily Housing Starts SAAR, In Thousands, 3-Month Moving Average 5 Multifamily starts also bounced back nicely in April, rising 2.2 percent from their March level. Looking through some of the volatility, multifamily family starts are only up a modest 1.5 percent on a year-to-date basis from 215. Multifamily permits continued to post solid gains, rising 1.1 percent in April, more than offsetting March s 5.5 percent decline. Multifamily permits have increased 6.4 percent from a year ago. The vacancy rate for apartments has held steady around 4.2 percent over the past year. We suspect that this is near the cycle low, although housing demand outpaced new supply in the first quarter Multifamily Starts: 42K 3-Month Moving Average: 339K Multifamily Building Permits SAAR, In Thousands, 3-Month Moving Average Private Multifamily Construction Spending Percent 3-Month Annual Rate: 27.2% Year-over-Year Percent Change: Multifamily Building Permits: 448K % Apartment Supply & Demand Percent, Thousands of Units % Apartment Effective Rent Growth Quarter-over-Quarter Percent Change % 75 % % 7% % -% Apartment Effective Rent Growth: -% -% % Apartment Net Completions: 29,26 Units (Right Axis) -5 Apartment Net Absorption: 37,16 Units (Right Axis) Apartment Vacancy Rate: 4.2% (Left Axis) 2% Source: U.S. Dept. of Commerce, REIS Inc. and Wells Fargo Securities, LLC 6
7 Housing Chartbook: June 215 June 1, 215 Buying Conditions Buying conditions remain relatively favorable by historic norms; however, mortgage credit standards remain tight. The NAR Housing Affordability Index has fallen over the past several years, however, as prices have rebounded faster than incomes have risen. Much of the focus is now on the rate hike by the Federal Reserve expected to occur this year. Previous tightening cycles have produced a variety of reactions. Typically, long-term rates quickly anticipate how far the Fed will raise rates. This go round, the Fed is making the case that they will go slower and keep rates lower for longer than they have in the past, which should be very good for the housing market. 1 9 Net Percent of Banks Tightening Standards Nontraditional Mortgages Nontraditional Mortgages: -5.7% Housing Affordability, NAR-Home Sales Base = Housing Affordability Index: Month Moving Average: U.S. Real Home Prices Index, Jan. =, Not Seasonally Adjusted U.S. Real Home Prices: Trough Trend * CoreLogic HPI Deflated with CPI Less Shelter Occupied Housing Units Year-over-Year Percent Change Owner Occupied: -. Renter Occupied: 4.3% S&P Case-Shiller Home Price Index P/E Ratio January 1987=1, Seasonally Adjusted S&P Case-Shiller P/E Ratio: 1.3 S&P Case-Shiller C-1 Home Price Index Divided by CPI Owners' Equivalent Rent 2. 3% 3% 2% 2% 1% 1% % -2% -1% -2% % % Source: CoreLogic, S&P, Federal Reserve, NAR, U.S. Dept. of Commerce and Wells Fargo Securities, LLC 7
8 Housing Chartbook: June 215 June 1, 215 New Home Sales 6 Inventory of New Homes for Sale New Homes for Sale at End of Month, In Thousands 6 New home sales jumped 6.8 percent in April, following a sizeable decline in March. New home sales have risen in four out of the past five months, despite harsh winter weather. Despite recent gains, new home sales remain well below their long-run norm. The unusually low level of inventories, particularly of completed homes, has been a major limiting factor. Inventories typically move with prices and the median price of a new home has moderated following double-digit gains in 212. The gap between the median price of a new home for sale relative to an existing home remains wide by historical standards. Developers are still contending with a shortage of ready-to-build lots in many key markets. 1,5 New Home Sales Seasonally Adjusted Annual Rate, In Thousands 1, New Homes for Sale: 25, Months' Supply of New Homes Seasonally Adjusted ,3 1, , 1, New Home Sales: 517, 3-Month Moving Average: 513, Months' Supply: New Home Sales New Homes Sold During Month, Index 2=, 3-MMA 2 18 $325 $3 Median New & Existing Home Sale Prices In Thousands, Single-Family Median New Sales Price: $297,3 Median Existing Sales Price: $221, $325 $ $275 $ $25 $ $225 $ $175 $225 $ $175 4 South: 73.6 Midwest: West: 57.5 Northeast: $ $15 Source: U.S. Department of Commerce, National Association of Realtors and Wells Fargo Securities, LLC 8
9 Housing Chartbook: June 215 June 1, 215 Existing Home Sales 7. Despite solid gains in pending home sales, existing home sales stumbled 3.3 percent in April to a 5.4 million unit pace. The drop in April was concentrated in single-family and follows two straight months of improvement. Low inventory levels are likely holding back existing home sales. The wave of refinancing in recent years provides homeowners with less incentive to list their property and many homeowners want to see prices move even higher before listing their property. Investor buyers have pulled back somewhat and tight credit conditions are also limiting sales. The proportion of all-cash sales held steady at 24 percent in April, and first-time buyers accounted for 3 percent of the market. Existing Single-Family Home Resales Seasonally Adjusted Annual Rate - In Millions U.S. Distressed Home Sales Percent of Total Sales Total Distressed: % First-Time Home Buyers Share of Existing Home Sales Share of Total Existing Home Sales: % % 27% Existing Home Sales: 4.4 Million Percent Change in Existing-Home Sales Year-over-Year Percent Change, By Price Range Single-Family Home Inventory Millions of Units New Homes: Existing Homes: 1.95M April 215 $-K $-25K $25-5K $5-75K $75-1M $1M Source: NAR, U.S. Department of Commerce, CoreLogic and Wells Fargo Securities, LLC 9
10 Housing Chartbook: June 215 June 1, 215 Home Prices Home price appreciation appears to be firming as of late. Most home price indices moderated during 214 but have firmed back up recently. Home prices are now rising at more than double the rate of wages and salaries, which is cutting into affordability and sales. Inventories of homes remain at historically low levels as supply chain issues restrained new construction. Lower inventories will continue to put upward pressure on prices. According to the S&P Case Shiller 2-City Index, prices grew roughly 5. percent in March with prices in San Francisco, Seattle, Dallas and Denver showing the strongest gains. 2 Home Prices Year-over-Year Percentage Change FHFA Purchase-Only Index, NSA Bars = Q/Q % Change Line = Yr/Yr % Change Purchase-Only Index: (Right Axis) Purchase-Only Index: 5. (Left Axis) S&P/Case-Shiller National Home Price Index, NSA Bars = Q/Q % Change Line = Yr/Yr % Change National Home Price Index: (Right Axis) National Home Price Index: 4.2% (Left Axis) % - -2% Median Sale Price: $221, -2 Median Sales Price 3-M Mov. Avg.: 8. FHFA (OFHEO) Purchase Only Index: 5.2% S&P Case-Shiller Composite 1: 4.7% -32% % Median Single-Family Existing Home Price Year-over-Year Percentage Change CoreLogic HPI: United States Year-over-Year Percent Change United States: 5.9% Median Price Change: Month Moving Average: 7.3% Median Sale Price: $221, Source: CoreLogic, NAR, S&P, FHFA, U.S. Department of Commerce and Wells Fargo Securities, LLC
11 Housing Chartbook: June 215 June 1, 215 Renovation and Remodeling According to the Joint Center for Housing Studies, markets where home values and household incomes are typically higher than the rest of the nation, such as in the Northeast and West, saw the largest gains in improvement spending in recent years. Overall spending on improvements, however, remains modest. Although growth in improvement spending has been somewhat lackluster, strengthening labor market conditions, rising household formations and stronger income growth should all boost remodeling activity. Many homeowners refinanced their home during the past few years and will likely remain in place for some time. Ageing homes and the increased appeal of urban living should also provide support. $1, $1, $9 $8 $7 $6 $5 $4 $3 $ Residential Investment Billions of Dollars Other: $8.4 B Brokers' Commissions: $134.9 B Improvements: $181.9 B New Building: $25.2 B $1, $1, $9 $8 $7 $6 $5 $4 $3 $ Residential Investment Year-over-Year Percent Change Improvements: 2.3% Res. Investment Ex. Improvements: NAHB Remodeling Market Index Index, Seasonally Adjusted Overall Index: Future Expectations: 55.4 Backlog of Remodeling Jobs: $ $ $ $ Share of Owner-Occupied Housing Year Structure Built $16 Leading Indicator of Remodeling Activity In Billions, 4-Q Moving Total, Harvard Joint Center for Housing Studies JCHS Forecast $ to to 9 1 $15 $ to 1989 $14 $14 $13 $ to % 1969 or earlier 41% $12 $12 $11 $11 $ $ Source: Joint Center for Housing Studies, U.S. Department of Commerce, NAHB and Wells Fargo Securities, LLC 11
12 Wells Fargo Securities, LLC Economics Group Diane Schumaker-Krieg Global Head of Research, Economics & Strategy (74) (212) John E. Silvia, Ph.D. Chief Economist (74) Mark Vitner Senior Economist (74) Jay H. Bryson, Ph.D. Global Economist (74) Sam Bullard Senior Economist (74) Nick Bennenbroek Currency Strategist (212) Eugenio J. Alemán, Ph.D. Senior Economist (74) Anika R. Khan Senior Economist (74) Azhar Iqbal Econometrician (74) Tim Quinlan Economist (74) Eric Viloria, CFA Currency Strategist (212) Sarah House Economist (74) Michael A. Brown Economist (74) Michael T. Wolf Economist (74) Mackenzie Miller Economic Analyst (74) Erik Nelson Economic Analyst (74) Alex Moehring Economic Analyst (74) Donna LaFleur Executive Assistant (74) Cyndi Burris Senior Admin. Assistant (74) Wells Fargo Securities Economics Group publications are produced by Wells Fargo Securities, LLC, a U.S broker-dealer registered with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the Securities Investor Protection Corp. Wells Fargo Securities, LLC, distributes these publications directly and through subsidiaries including, but not limited to, Wells Fargo & Company, Wells Fargo Bank N.A., Wells Fargo Advisors, LLC, Wells Fargo Securities International Limited, Wells Fargo Securities Asia Limited and Wells Fargo Securities (Japan) Co. Limited. Wells Fargo Securities, LLC. ("WFS") is registered with the Commodities Futures Trading Commission as a futures commission merchant and is a member in good standing of the National Futures Association. Wells Fargo Bank, N.A. ("WFBNA") is registered with the Commodities Futures Trading Commission as a swap dealer and is a member in good standing of the National Futures Association. WFS and WFBNA are generally engaged in the trading of futures and derivative products, any of which may be discussed within this publication. Wells Fargo Securities, LLC does not compensate its research analysts based on specific investment banking transactions. Wells Fargo Securities, LLC s research analysts receive compensation that is based upon and impacted by the overall profitability and revenue of the firm which includes, but is not limited to investment banking revenue. The information and opinions herein are for general information use only. Wells Fargo Securities, LLC does not guarantee their accuracy or completeness, nor does Wells Fargo Securities, LLC assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. Such information and opinions are subject to change without notice, are for general information only and are not intended as an offer or solicitation with respect to the purchase or sales of any security or as personalized investment advice. Wells Fargo Securities, LLC is a separate legal entity and distinct from affiliated banks and is a wholly owned subsidiary of Wells Fargo & Company 215 Wells Fargo Securities, LLC. Important Information for Non-U.S. Recipients For recipients in the EEA, this report is distributed by Wells Fargo Securities International Limited ("WFSIL"). WFSIL is a U.K. incorporated investment firm authorized and regulated by the Financial Conduct Authority. The content of this report has been approved by WFSIL a regulated person under the Act. For purposes of the U.K. Financial Conduct Authority s rules, this report constitutes impartial investment research. WFSIL does not deal with retail clients as defined in the Markets in Financial Instruments Directive 7. The FCA rules made under the Financial Services and Markets Act for the protection of retail clients will therefore not apply, nor will the Financial Services Compensation Scheme be available. This report is not intended for, and should not be relied upon by, retail clients. This document and any other materials accompanying this document (collectively, the "Materials") are provided for general informational purposes only. SECURITIES: NOT FDIC-INSURED/NOT BANK-GUARANTEED/MAY LOSE VALUE
Economics Group. Special Commentary. February 29, Sales and new home construction have both increased modestly and prices for nondistressed
February 29, 212 Economics Group Special Commentary Mark Vitner, Senior Economist mark.vitner@wellsfargo.com (74) 383-5635 Anika R. Khan, Economist anika.khan@wellsfargo.com (74) 715-575 Joe Seydl, Economic
More informationExisting Home Sales Year-Over-Year Change 25% % 20% 15% 10% -5% -10% Northeast Midwest South West U.S. -15% -20% -25%
August 4, 217 Economics Group Special Commentary Housing Chartbook: August 217 The Housing Market Remains Woefully Out of Balance The housing recovery remains woefully out of balance, with far too few
More informationReturn of the Affordability Migration Population Shift Signals Movement in Housing Market
Economics Group Special Commentary Mark Vitner, Senior Economist mark.vitner@wellsfargo.com (704) 410-3277 Hank Carmichael, Economic Analyst john.h.carmichael@wellsfargo.com (704) 410-3059 Even as real
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 informationQ1 CRE Chartbook: Property Prices
Economics Group Special Commentary Property Prices Growing Fastest Outside the Gateway Markets The U.S. economy grew faster than expected in the first quarter, with real GDP rising at a 2.2 percent annual
More informationThe State of CRE: Q3 Chartbook
Economics Group Special Commentary Mark Vitner, Senior Economist mark.vitner@wellsfargo.com (74) 41-3277 Hank Carmichael, Economic Analyst john.h.carmichael@wellsfargo.com (74) 41-359 Ariana Vaisey, Economic
More informationCommercial Real Estate Chartbook: Quarter 4
Economics Group Special Commentary Uncertainty Continues to Hang Over and Shape the Recovery Economic activity appeared to turn up a notch toward the end of 211, and data for the early part of 212 suggest
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 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 informationEconomic and Housing Update
Economic and Housing Update Mark Palim Vice President, Applied Economic and Housing Research Fannie Mae January 14, 2015 2012 Fannie Mae. Trademarks of Fannie Mae. Economic Activity Rebounding Solidly
More informationThe State of the Nation s Housing
The State of the Nation s Housing Eric S. Belsky Remodeling Futures Conference April 13, 21 www.jchs.harvard.edu Existing Home Sales Improved then Retracted, While New Home Sales Are Still in the Basement
More informationMetropolitan Indianapolis Board of REALTORS. Broker/Owner Meeting March 14, 2007
Metropolitan Indianapolis Board of REALTORS Broker/Owner Meeting March 14, 2007 Tom Renkert Information Services Director MIBOR PropertyLinx 2 Implementation Time Line February 1-28 March 1 June 30 July
More informationMARKET 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 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 informationCommercial Real Estate Outlook
Commercial Real Estate Outlook By Lawrence Yun, Ph.D. Chief Economist, National Association of REALTORS Presentation at Annual Conference of National Association of REALTORS Chicago, IL November 3, 2017
More 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 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 informationRemodeling Trends and Outlook
Remodeling Trends and Outlook Kermit Baker Remodeling Futures Conference October 16, 2007 www.jchs.harvard.edu Recent Remodeling Trends Growth in remodeling spending began to ease in Q3-2006. After Strong
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 information2016 MID-YEAR MARKET UPDATE June 23, Breanna Vanstrom, MBA, RCE Chief Executive Officer
2016 MID-YEAR MARKET UPDATE June 23, 2016 Breanna Vanstrom, MBA, RCE Chief Executive Officer In 2015, Ada County surpassed $2 billion in total dollar volume sold. The first year since 2006. In May 2016,
More informationWith last month's gain, sales are now up 4.5% from May 2015 and are at their highest annual pace since February 2007.
JULY 2016 With last month's gain, sales are now up 4.5% from May 2015 and are at their highest annual pace since February 2007. - Lawrence Yun NAR s Chief Economist Now in its seventh year, the US economic
More informationOwner spending on improvements to existing homes also rose over the past year. Benefiting from strengthening house sales, CONSTRUCTION RECOVERY
2 Housing Markets After another year of healthy growth in 213, the housing market paused in the first quarter of 214. The renewed weakness in residential construction, sales, and prices raised fears that
More informationHome 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 informationNATIONAL ASSOCIATION of REALTORS RESEARCH DIVISION. Prepared for Florida REALTORS
NATIONAL ASSOCIATION of REALTORS RESEARCH DIVISION Prepared for Florida REALTORS NATIONAL ASSOCIATION OF REALTORS RESEARCH DIVISION Page 1 Page 3 Page 4 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page
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 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 informationECONOMIC COMMENTARY. Housing Recovery: How Far Have We Come? Daniel Hartley and Kyle Fee
ECONOMIC COMMENTARY Number 13-11 October, 13 Housing Recovery: How Far Have We Come? Daniel Hartley and Kyle Fee Four years into the economic recovery, housing markets have fi nally started to improve.
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, 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 informationREAL 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 informationAustin-Round Rock Area Local Market Report, Fourth Quarter 2017
-Round Rock Area Local Market Report, Fourth Quarter 2017 Today's Market $350,000 Median Price (Red Line) and One-year Price Growth 12% $300,000 $250,000 10% 8% 6% $200,000 4% $150,000 2% $100,000 $50,000
More 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 informationReleased: 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 informationHOUSING MARKETS CONSTRUCTION GAINING MOMENTUM JOINT CENTER FOR HOUSING STUDIES OF HARVARD UNIVERSITY
2 HOUSING MARKETS After a mixed year in 214, the national housing recovery gained traction in 215. Residential construction continued to climb as single-family starts revived. Sales of both new and existing
More information2018 Housing Market Outlook. Central Coast Realty Group Business Symposium February 22, 2018 Oscar Wei Senior Economist
2018 Housing Market Outlook Central Coast Realty Group Business Symposium February 22, 2018 Oscar Wei Senior Economist Overview Economic Update California Housing Market Outlook Regional Housing Market
More 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 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 informationReleased: February 8, 2011
Released: February 8, 2011 Commentary 2 The Numbers That Drive Real Estate 3 Recent Government Action 10 Topics for Home Buyers, Sellers, and Owners 13 Brought to you by: KW Research Commentary Gradual
More informationAnalyst s Handbook: Real Estate
Analyst s Handbook: Real Estate December 22, 217 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 4-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents
More informationHouston-Baytown-Sugar Land Area Local Market Report, First Quarter Median Price (Red Line) and One-year Price Growth 2016 Q1. Local Price Trends
-Baytown-Sugar Land Area Local Market Report, First Quarter 2016 Today's Market $250,000 Median Price (Red Line) and One-year Price Growth 15% $200,000 10% $150,000 5% $100,000 0% $50,000-5% $0 2007 2008
More informationEconomic Outlook in Uncertain Times
Economic Outlook in Uncertain Times Lawrence Yun, Ph.D. Chief Economist NATIONAL ASSOCIATION OF REALTORS Presentation to Silicon Valley Association of REALTORS October 11, 2010 Federal Reserve FOMC Ben
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 information2019 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 informationTHE 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 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 informationMARKET 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 information2013 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 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 information2018 Real Estate Forecast Breakfast. Real Estate Market Update
2018 Real Estate Forecast Breakfast Central Oregon Association of REALTORS Real Estate Market Update Paul C. Bishop, PhD, CBE Vice President, Research NATIONAL ASSOCIATION OF REALTORS February 22, 2018
More informationHousing Price Forecasts. Illinois and Chicago PMSA, July 2016
Housing Price Forecasts Illinois and Chicago PMSA, July 2016 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs
More informationHOUSING MARKETS. Strength in Early 2005 Pushed Most National Housing Indicators into Record Territory
HOUSING MARKETS Despite another record-setting performance, housing markets showed clear signs of cooling late in 2005. As mortgage interest rates moved up and house prices soared, home sales turned down
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 informationReleased: April 8, 2011
Released: April 8, 2011 Commentary 2 The Numbers That Drive Real Estate 3 Special Report 9 Brought to you by: KW Research Commentary The housing market continues on a relatively stable and balanced track.
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 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 informationHas The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2.
Research & Forecast Report OAKLAND METROPOLITAN AREA OFFICE Q1 Has The Office Market Reached A Peak? > > Vacancy remained low at 5. > > Net Absorption was positive 8,399 in the first quarter > > Gross
More information2017 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 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 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 informationUnderstanding and Utilizing Today s Real Estate Data
Understanding and Utilizing Today s Real Estate Data MATT Dollinger Why Matt? KCM Divided into Three Sections Existing Home Sales S&P Case Shiller 10/2013 Pending Home Sales 100 = Historically Healthy
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 informationCOMMERCIAL PROPERTY PRICES REMAIN IN SLOWDOWN PATTERN AS MARKET REACTS TO INVESTOR PULLBACK
CCRSI RELEASE MARCH 2016 (With data through February 2016) COMMERCIAL PROPERTY PRICES REMAIN IN SLOWDOWN PATTERN AS MARKET REACTS TO INVESTOR PULLBACK DESPITE DECLINE IN PROPERTY PRICING, LEASING ACTIVITY
More informationEl Paso Area Local Market Report, First Quarter 2017
Area Local Market Report, First Quarter 2017 Today's Market $155,000 Median Price (Red Line) and One-year Price Growth 10% $150,000 8% $145,000 $140,000 $135,000 $130,000 $125,000 6% 4% 2% 0% -2% -4% $120,000-6%
More 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 informationHousing Market Update
Housing Market Update March 2017 New Hampshire s Housing Market and Challenges Market Overview Dean J. Christon Executive Director, New Hampshire Housing Finance Authority New Hampshire s current housing
More informationGreater Lansing Association of REALTORS Regional Economic Update HOUSING MARKET OUTLOOK FOR 2018
Greater Lansing Association of REALTORS Regional Economic Update HOUSING MARKET OUTLOOK FOR 2018 Paul C. Bishop, PhD, CBE Vice President, Research NATIONAL ASSOCIATION OF REALTORS January 11, 2018 Today
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 informationAnnual Report On Our National Real Estate Market
A TWINCITIESPROPERTYFINDER.COM RESOURCE Annual Report On Our National Real Estate Market 1 Contents Industry Facts 3 Mortgage Stats 4 Distressed Properties & Price Information 5 Today s Buyer 6 First-Time
More 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 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 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 informationEstimating National Levels of Home Improvement and Repair Spending by Rental Property Owners
Joint Center for Housing Studies Harvard University Estimating National Levels of Home Improvement and Repair Spending by Rental Property Owners Abbe Will October 2010 N10-2 2010 by Abbe Will. All rights
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 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 informationSan Francisco Bay Area to Alameda and Contra Costa Counties Housing and Economic Outlook
San Francisco Bay Area to 2020 Alameda and Contra Costa Counties Housing and Economic Outlook Economic Forecast Summary 2017 Presented by Pacific Union International, Inc. and John Burns Real Estate Consulting,
More informationMonthly Market Snapshot
SEPTEMBER 2018 Vacancy continues to fall. Nearing the end of the third quarter, the vacancy rate dropped 10 basis points to 6.4%, compared to this time last month at 6.5%. Occupancy of the 1.1 million
More informationFIXING THE HOUSING CRISIS: IT CAN BE DONE, BUT NOT QUICKLY
FIXING THE HOUSING CRISIS: IT CAN BE DONE, BUT NOT QUICKLY Presented by: Elliot F. Eisenberg, Ph.D. President: GraphsandLaughs, LLC February 23, 2018 Colorado Springs, CO The Economy is Solid! GDP = C+I+G+(X-M)
More informationMinneapolis St. Paul Residential Real Estate Index
University of St. Thomas Minneapolis St. Paul Residential Real Estate Index September 2017 Welcome to the latest edition of the UST Minneapolis St. Paul Residential Real Estate Index. The University of
More informationCycle Monitor Real Estate Market Cycles Third Quarter 2017 Analysis
Cycle Monitor Real Estate Market Cycles Third Quarter 2017 Analysis Real Estate Physical Market Cycle Analysis of Five Property Types in 54 Metropolitan Statistical Areas (MSAs). Income-producing real
More informationBeaumont-Port Arthur Area Local Market Report, First Quarter 2017
-Port Arthur Area Local Market Report, First Quarter 2017 Today's Market $180,000 Median Price (Red Line) and One-year Price Growth 20% $160,000 $140,000 $120,000 15% 10% $100,000 5% $80,000 0% $60,000
More informationHousing Watch Ireland
Strong momentum in the market Housing has been front and centre of the national discourse in recent years and with prices and rents currently experiencing strong growth will remain so for some time to
More informationAn 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 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 informationSan Francisco Bay Area to Sonoma County Housing and Economic Outlook
San Francisco Bay Area to 2020 Sonoma County Housing and Economic Outlook Economic Forecast Summary 2017 Presented by Pacific Union International, Inc. and John Burns Real Estate Consulting, LLC On Nov.
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 information4 RENTAL MARKETS. While the fundamentals remain strong for. investors, there are signs that rental markets
4 RENTAL MARKETS While the fundamentals remain strong for investors, there are signs that rental markets are at a turning point. Real rents are still climbing, but at a slower pace now that vacancy rates
More informationMonthly Indicators. Monthly Snapshot. April % % + 4.7%
Monthly Indicators For residential real estate activity in the state of New Jersey 2018 Monthly Snapshot Many sellers and builders are in a good position for financial gains, as the economy continues to
More informationHousing 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 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 informationCorpus Christi Area Local Market Report, Second Quarter 2016
Corpus Christi Area Local Market Report, Second Quarter 2016 Today's Market $200,000 Median Price (Red Line) and One-year Price Growth 25% $180,000 $160,000 $140,000 20% 15% $120,000 $100,000 $80,000 10%
More informationMetropolitan 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 informationMonthly Indicators. Activity Snapshot % + 8.0% % Activity Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale
Monthly Indicators 2018 Many sellers and builders are in a good position for financial gains, as the economy continues to favor putting existing homes on the market and building new homes for sale. While
More informationNational Association of REALTORS COMMERCIAL REAL ESTATE OUTLOOK: 2017.Q3
National Association of REALTORS : 2017.Q3 Commercial Real Estate Outlook: 2017.Q3 Download: www.nar.realtor/reports/commercial-real-estate-outlook 2017 NATIONAL ASSOCIATION OF REALTORS All Rights Reserved.
More informationHousing 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 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 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 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 Commentary - Perth Apartment Market
Residential Commentary - Perth Apartment Market March 2016 Executive Summary The Greater Perth apartment market has attracted considerable interest from local and offshore developers. Projects under construction
More informationNational Association of REALTORS COMMERCIAL REAL ESTATE OUTLOOK: 2015.Q3
National Association of REALTORS : 2015.Q3 Commercial Real Estate Outlook: 2015.Q3 Download: www.realtor.org/reports/commercial-real-estate-outlook 2015 NATIONAL ASSOCIATION OF REALTORS All Rights Reserved.
More information