Housing Price Forecasts. Illinois and Chicago PMSA, September 2016
|
|
- Lucinda Marsh
- 6 years ago
- Views:
Transcription
1 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 of Illinois Sept 22, 2016 Contact: Geoffrey Hewings (hewings@illinois.edu) Xian Fang (fang21@illinois.edu)
2 Housing Forecast September Housing Price Forecast: Illinois and Chicago PMSA, September 2016 The Housing Market In August, median prices experienced positive annual growth; the same was true for sales that had experienced an unexpected downtick last month. 16,455 houses were sold in Illinois, edging up 0.87% from a month ago and 6.7% from a year ago. In the Chicago PMSA, 11,906 houses were sold, up 0.38% from a month ago and 7.6% from a year ago. The median price was $192,000 in Illinois, up 6.7% from August last year; the comparable figure for the Chicago PMSA was $230,000, up 4.5% from this time last year. In August, for the Chicago PMSA, the percentage of foreclosed sales (e.g. REOs) among the total sales was 9.6%, the lowest August reading since ,613 regular sales were made, 9.2% more than last year. 1,214 foreclosed properties were sold, 5.0% less than last year. The median price was $241,000 for regular property sales, 2.5% more than last year; the comparable figure for the foreclosed properties was $140,000, up 18.6% from this time last year. The median sales price in August 2008 has been adjusted to 2016 values to enable calculation of the housing price recovery taking into account the effects of inflation. In Illinois, the August 2008 median sales price was $190,000 (in $2008) and $208,779 (in $2016); the current price level was 92% of the 2008 level after adjusting (101% before adjusting). In the Chicago PMSA, the August 2008 median sale price is $250,000 (in $2008) and $274,710 (in $2016); the comparable figure for price recovery in August 2016 is 84% after adjustment (92% before adjusting). According to average annual growth rates of prices in the past months, it could take about 1.5~2.0 years (18~23 months) for Illinois and 3.1~5.3 years (37~64 months) for the Chicago PMSA to recover to the 2008 levels. The sales forecast for September, October and November 2016 suggests positive growth on a yearly basis and negative growth on a monthly basis. Annually for Illinois, the three-month average forecasts point to increase between 6.4% and 8.6%; the comparable figures for the Chicago PMSA reveal an increase of between 8.0% and 10.8%. On a monthly basis, the threemonth average sales are forecast to decrease by 10.5%-14.1% for Illinois and decrease by 10.5%-14.2% for the Chicago PMSA. On the other hand, the pending index, as a leading indicator, also indicates a positive annual growth. The pending home sales index is (2008=100) in Illinois, up 11.2% from a year ago. In the Chicago PMSA, the comparable figure is 203.6, up 16.5% from a year ago. The median price forecast indicates moderate annual growth in both Illinois and the Chicago PMSA for September, October and November. In Illinois, the median price is forecast to rise by 6.2% in September, 6.0% in October and 6.0% in November. For the Chicago PMSA, the comparable figures are 2.5% in September, 1.8% in October and 1.6% in November. As a complement to the median housing price index (HPI), the REAL HPI 1 forecasts similar growth trend for Illinois but stronger growth for the Chicago PMSA. In Illinois, the REAL HPI (Jan 2008=1) is forecast to rise by 5.7% in September, 5.1% in October and 7.7% in November. The comparable figures for the Chicago PMSA are 8.5% in September, 8.8% in October and 9.7% in 1 REAL HPI was developed by Esteban Lopez and Minshu Du. Contact us for further details.
3 Housing Forecast September November. REAL HPI takes housing characteristics into account and constructs comparable baskets of homes for each month. As the home prices increase, the concern on home affordability has been discussed in the previous monthly report. This month, a new issue that has accompanied rising home prices has drawn attention, i.e. the Home Equity Lines of Credit (HELOCs). According to the Scotsman Guide, different institutions have reported a surge in new HELOCS originations this year compared to the same time in Due to the increase in the housing prices, borrowers are now able to tap into their increasing home equity. Some homeowners at the high price end of the markets spend the additional source of money on improving their homes, and some other investors are using HELOCs to buy more properties for renting. Nevertheless, HELCOs are still way below the level. Another impact of rising home prices is the reduction in the percentage of homes under water. The Housing Market Current Condition In August, both median prices and sales experienced annually positive growth. 16,455 houses were sold in Illinois, edging up 0.87% from a month ago and 6.7% from a year ago. In the Chicago PMSA, 11,906 houses were sold, increasing 0.38% from a month ago and 7.6% from a year ago. The median price was $192,000 in Illinois, up 6.7% from August last year; the comparable figure for the Chicago PMSA was $230,000, up 4.5% from this time last year. (Reference: Illinois and Chicago PMSA Total Home Sales and Median Home Sales Price figures; Forecast for September 2016 report table) In August, for the Chicago PMSA, the percentage of foreclosed sales (e.g. REOs) among the total sales was 9.6%, the lowest August reading since ,613 regular sales were made, 9.2% more than last year. 1,214 foreclosed properties were sold, 5.0% less than last year. The median price was $241,000 for regular property sales, 2.5% more than last year; the comparable figure for the foreclosed properties was $140,000, up 18.6% from this time last year. In August, at the latest average annual pending sales rate, Illinois had enough housing inventory for 4.7 months 2 (down from 5.8 months a year ago). In the Chicago PMSA, the comparable figure was 3.5 months (down from 4.5 months a year ago). Months of supply for homes in all price ranges but Above $700K experienced declines both in Illinois and the Chicago PMSA. (Reference: Illinois and Chicago PMSA Annual Months Supply by Price Range figures) In August, the market shares of homes priced at the low end (<$100K) experienced the largest change compared to a year ago. In Illinois, the market share for homes less than $100K decreased to 18.3% from 21.3% a year ago; the comparative figure for the Chicago PMSA showed a decrease to 10.4% from 13.5% a year ago. (Reference: Illinois and Chicago PMSA Price Stratification figures) 2 Months supply of inventory is defined as inventory of homes for sale at the end of the month divided by the average monthly pending sales in the last twelve months.
4 Housing Forecast September The Housing Market Forecast and Future Condition The median price forecast indicates moderate annual growth in both Illinois and the Chicago PMSA for September, October and November. In Illinois, the median price is forecast to rise by 6.2% in September, 6.0% in October and 6.0% in November. For the Chicago PMSA, the comparable figures are 2.5% in September, 1.8% in October and 1.6% in November. (Reference: Forecast for September 2016 report table) As a complement to the median housing price index (HPI), the REAL HPI 3 forecasts similar growth trend for Illinois but stronger growth for the Chicago PMSA. In Illinois, the REAL HPI (Jan 2008=1) is forecast to rise by 5.7% in September, 5.1% in October and 7.7% in November. The comparable figures for the Chicago PMSA are 8.5% in September, 8.8% in October and 9.7% in November. REAL HPI takes housing characteristics into account and constructs comparable baskets of homes for each month. (Reference: Housing Price Index) The sales forecast for September, October and November 2016 suggests positive growth on a yearly basis and negative growth on a monthly basis. Annually for Illinois, the threemonth average forecasts point to increase by 6.4% to 8.6%; the comparative figures for the Chicago PMSA will be an increase by 8.0% to 10.8%. On a monthly basis, the three-month average sales are forecast to decrease by 10.5%-14.1% for Illinois and decrease by 10.5%- 14.2% for the Chicago PMSA. (Reference: Forecast for September 2016 report table) The pending home sales index 4 is a leading indicator based on contract signings. This August, the number of homes put under contract was greater than last year. The pending home sales index is (2008=100) in Illinois, up 11.2% from a year ago. In the Chicago PMSA, the comparable figure is 203.6, up 16.5% from a year ago. (Reference: Illinois and Chicago PMSA Pending Home Sales Index figure) In August 2016, 1,927 houses were newly filed for foreclosure in the Chicago PMSA (up 20.9% and 24.6% respectively from a year and a month ago). 1,724 foreclosures were completed 5 (up 5.3% and down 1.7% respectively from a year and a month ago). As of August 2016, there are 40,154 homes at some stage of foreclosure the foreclosure inventory. The monthly average net flows of foreclosures (foreclosure inflows - outflows) were 45 in the past 6 months, 59 in the last 12 months and -19 in the last 24 months. (Reference: Chicago PMSA Foreclosure Inflows and Outflows, and Inventory figures). The Economy In August 2016, according to the Bureau of Labor Statistics (BLS) Employment Situation report, the national unemployment remained unchanged at 4.9% and nonfarm payroll jobs experienced gain of 151,000 jobs, much lower than for recent months. The employment gains were spearheaded by food services and drinking places (34,000), followed by social assistance (22,000) and professional and business services (20,000). In August 2016, according to the Illinois Department of Employment Security (IDES) news release, the Illinois unemployment rate decreased to 5.5%. The state lost 8,200 non-farm payroll jobs and about 20,000 people gave up looking for jobs. The decreasing unemployment rate is mainly attributed to the decrease in the labor force participation rate. 3 REAL HPI was developed by Esteban Lopez and Minshu Du. Contact us for further details. 4 The base level (100) of pending home sales is the average pending home sales of year Including cancelled foreclosures and auctions
5 Housing Forecast September In June 2016, the one-year-ahead forecast for Illinois indicates that the non-farm employment will increase at a rate between 0.40% and 0.51%, corresponding to job gains between 24,300 and 30,800. Five out of ten sectors are forecast with positive job growth: financial activities (0.34%; 1,300), professional and business services (2.31%; 21,600), education and health (1.32%; 12,000), leisure and hospitality (1.44%; 8,600), and other services (0.39%; 1,000). Longer-term Outlook In August, two consumer sentiment indices remained little changed while the other increased. According to The Conference Board Consumer Confidence Index, it increased by 4.4 points to The University of Michigan Consumer Sentiment Index edged down to 89.8 from 90.0 last month; according to their survey, consumers pessimism was related to the uncertainties about the global economy and the presidential election. In August, Fannie Mae Home Purchase Sentiment Index (HPSI) decreased to 85 from 86.5 last month, but still presented an overall upward trend for the long run. The component of Good time to buy and confidence about not losing job increased while the rest of the index component decreased. This index uses information from their National Housing Survey collecting consumers feeling and opinions on home purchasing, directions and conditions of the housing market, finance conditions and the job market. The Chicago Business Activity Index (CBAI) was unchanged at 94.0 in July. This is attributed to the fact that the positive job growth in the manufacturing and the nonmanufacturing sector was offset by the negative job growth in the construction sector and the decline in retail activities in the Chicago area. Sales recovered in August and prices continue to show positive annual gains, noted Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory at the University of Illinois. However, month-to-month sales forecasts suggest a downward trend for the next three months, driven in part by low inventories, the poor job recovery in Illinois and uncertainties about the presidential election.
6 Housing Forecast September Forecast for September 2016 report
7 Housing Forecast September Median Prices and Recovery Illinois Chicago PMSA [$2008] [$2016] [$2008] [$2016] August 2008 Median Price $190,000 $208,779 $250,000 $274,710 August 2016 Median Price $174,684 $191,950 $209,312 $230,000 Price Ratio (August 16/August 08) Adjusted 0.92 Adjusted 0.84 Unadjusted 1.01 Unadjusted 0.92 Recovery Forecasts using Annually Growth Rates Illinois Chicago PMSA Annual Years to Years to Recovery Rate Recovery Rate* Recover** Recover Current Month 5.5% % 5.3 Past 3 months 4.4% % 4.8 Past 6 months 5.1% % 3.9 Past 9 months 5.7% % 3.4 Past 12 months 5.8% % 3.1 *Annual recovery rate is the average of annual change rates in past months ** Years to recover is calculated using the following formula: Price August2016 *(1+recovery rate)^years=price August2008. Prices used in the formula are inflation adjusted. The recovery rate is applied as a constant annual change rate to recoup the differences between the current month and its corresponding month in 2008.
8 Housing Forecast September
9 Housing Forecast September
10 Housing Forecast September
11 Housing Forecast September
12 Housing Forecast September
13 Housing Forecast September
14 Housing Forecast September
15 Housing Forecast September
16 Housing Forecast September
17 Housing Forecast September
18 Housing Forecast September
19 Housing Forecast September
20 Housing Forecast September
21 Housing Forecast September
Housing Price Forecasts. Illinois and Chicago PMSA, August 2016
Housing Price Forecasts Illinois and Chicago PMSA, August 2016 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public
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 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 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 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 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 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 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 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, 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 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 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 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 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 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 informationHousing and the Economy: Impacts, Forecasts and Challenges
Presentation to the Illinois Financial Forecast Forum, Lombard, IL January 19, 2018 Housing and the Economy: Impacts, Forecasts and Challenges Geoffrey J.D. Hewings, Ph.D. Director Emeritus Regional Economics
More informationHousing and the Economy: Impacts, Forecasts and Current Research 2018 Update
Housing and the Economy: Impacts, Forecasts and Current Research 2018 Update Geoffrey J.D. Hewings, Ph.D. Director Emeritus Regional Economics Applications Laboratory (REAL) University of Illinois Institute
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 informationQuick Facts. For Week Ending July 14, 2018 Publish Date: July 23, 2018 All comparisons are to % - 2.7% - 14.
Weekly Market Report A RESEARCH TOOL FROM THE SAINT PAUL AREA ASSOCIATION OF REALTORS. BROUGHT TO YOU BY THE UNIQUE DATA-SHARING TRADITIONS OF THE REALTOR COMMUNITY For Week Ending July 14, 2018 Publish
More informationWeekly Market Activity Report
X0A0T Weekly Market Report A RESEARCH TOOL FROM THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS BROUGHT TO YOU BY THE UNIQUE DATA-SHARING TRADITIONS OF THE REALTOR COMMUNITY For Week Ending July 14, 2018
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 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 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 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 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 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 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 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 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 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 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 informationHousing Price Forecasts Illinois Metropolitan Statistical Areas
Housing Price s Illinois Metropolitan Statistical Areas R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs, University of Illinois Dr. Geoffrey J.D. Hewings,
More informationMonthly Indicators % + 3.1% %
Monthly Indicators A RESEARCH TOOL PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC. 2018 The booming U.S. economy continues to prop up home sales and new listings in much of the nation, although
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 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 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 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 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 informationDATA FOR JANUARY Published Feburary 16, Sales are down -14.0% month-over-month. The year-over-year comparison is up +2.5%.
Permission is granted only to ARMLS Subscribers for reproduction with attribution on to ARMLS COPYRIGHT 2018. For questions regarding this publication contact Brand@ARMLS.com. DATA FOR JANUARY 2018 - Published
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 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 informationMonthly Indicators % % % Activity Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price
Monthly Indicators 2018 Residential real estate activity has been relatively slow in the first quarter of 2018, yet housing is proving its resiliency in a consistently improving economy. Some markets have
More informationMonthly Indicators - 6.1% + 8.6% + 1.8% Activity Overview New Listings. Closed Sales Median Sales Price
Monthly Indicators 2018 Just like last year at this time, prospective home buyers should expect a competitive housing market for the next several months. With payrolls trending upward and unemployment
More informationThe Market Watch Monthly Housing Report. Coachella Valley Median Detached Home Price Dec Dec 2016
The Market Watch Monthly Housing Report Median Price $450,000 Coachella Valley Median Detached Home Price Dec 2002 - Dec 2016 $400,000 $350,000 $300,000 $339,930 $340,000 $250,000 $200,000 $150,000 CV
More informationWeekly Market Activity Report
Weekly Market Report A RESEARCH TOOL FROM THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS BROUGHT TO YOU BY THE UNIQUE DATA-SHARING TRADITIONS OF THE REALTOR COMMUNITY For Week Ending June 30, 2018 Publish
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 information2011 SECOND QUARTER RESIDENTIAL REAL ESTATE SALES REPORT Westchester and Putnam Counties, New York
Westchester Putnam Association of REALTORS, Inc. Empire Access Multiple Listing Service, Inc. 60 South Broadway, White Plains, NY 10601 914.681.0833 Fax: 914.681.6044 www.wpar.com Putnam Office: 155 Main
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 informationHarrisburg - Carlisle Area Local Market Report, Second Quarter 2016
Harrisburg - Carlisle Area Local Market Report, Second Quarter 2016 Today's Market $180,000 Median Price (Red Line) and One-year Price Growth 8% $160,000 6% $140,000 $120,000 $100,000 $80,000 $60,000 $40,000
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 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 Trends and Outlook
Residential Remodeling Market Trends and Outlook Kermit Baker Remodeling Futures Conference April 3, 2012 Remodeling Market Overview 1. Home improvement spending totaled an estimated $290 billion last
More informationQuick Facts. For Week Ending July 29, 2017 Publish Date: August 7, 2017 All comparisons are to % - 4.7% - 16.
Weekly Market Report A RESEARCH TOOL FROM THE SAINT PAUL AREA ASSOCIATION OF REALTORS. BROUGHT TO YOU BY THE UNIQUE DATA-SHARING TRADITIONS OF THE REALTOR COMMUNITY For Week Ending July 29, 2017 Publish
More informationSonoma County Business Barometer Q1 CY 2007
EDB Sonoma County Economic Development Board economy Sonoma County Business Barometer Q1 CY 2007 Economic Development Board 401 College Avenue Suite D Santa Rosa CA 95401 707.565.7170 EDB Sonoma County
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 Supply Overview
Housing Supply Overview A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS January 2017 One of the new U.S. presidential administration's first moves was to remove a rate cut for loans backed by the Federal
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 informationForeclosures Continue to Bring Home Prices Down * FNC releases Q Update of Market Distress and Foreclosure Discount
Foreclosures Continue to Bring Home Prices Down * FNC releases Q4 2011 Update of Market Distress and Foreclosure Discount The latest FNC Residential Price Index (RPI), released Monday, indicates that U.S.
More informationMonthly Indicators. Monthly Snapshot. July % + 7.8% %
Monthly Indicators For residential real estate activity by members of the Florida REALTORS 2012 A few short years ago, housing was considered a headwind to economic recovery. Today, housing is seen as
More informationHGAR HUDSON GATEWAY ASSOCIATION OF REALTORS, INC.
HGAR HUDSON GATEWAY ASSOCIATION OF REALTORS, INC. HUDSON GATEWAY ASSOCIATION OF REALTORS, INC. 60 South Broadway, White Plains, New York 10601 914.681.0833 Fax 914.681.6044 www.hgar.com 9 Coates Drive,
More informationMarket Trends Generated on 04/24/2018 Page 1 of Alpaca St, South El Monte, CA , Los Angeles County.
9743 Alpaca St, South El Monte, CA 91733-3028, Los Angeles County Pricing Trends Median Sale Price to Current Value - Tax The percentage of properties that have increased or decreased in value based on
More informationQuarterly Housing Market Update
Quarterly Housing Market Update 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
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 informationReal 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 informationMonthly Indicators % % % Activity Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price
Monthly Indicators 2017 tends to mark the waning of housing activity ahead of the school year. Not all buyers and sellers have children, but there are enough parents that do not want to uproot their children
More informationMonthly Indicators + 0.5% + 3.7% + 4.0%
Monthly Indicators A RESEARCH TOOL PROVIDED BY NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, INC. 2018 Many sellers and builders are in a good position for financial gains, as the economy continues to favor
More informationSt. Louis Area Local Market Report, Second Quarter 2016
St. Louis Area Local Market Report, Second Quarter 2016 Today's Market $180,000 Median Price (Red Line) and One-year Price Growth 20% $160,000 15% $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 10%
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 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 informationPhoenix, 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 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 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 informationMonthly Indicators - 8.0% + 4.2% - 3.4% Activity Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price
Monthly Indicators 2018 If the last few months are an indication of the temperature of housing markets across the country, a period of relative calm can be expected during the last three months of the
More informationQuick Facts. For Week Ending July 14, 2018 Data current as of July 23, % + 9.2% % Metrics by Week
Charlotte Region Weekly Market Report A RESEARCH TOOL PROVIDED BY THE CHARLOTTE REGIONAL REALTOR ASSOCIATION FOR MORE INFORMATION CONTACT A REALTOR For Week Ending July 14, 2018 Data current as of July
More informationQuick Facts. For Week Ending January 12, 2019 Publish Date: January 21, 2019 All comparisons are to % + 6.9% + 2.
Weekly Market Report A RESEARCH TOOL FROM THE SAINT PAUL AREA ASSOCIATION OF REALTORS. BROUGHT TO YOU BY THE UNIQUE DATA-SHARING TRADITIONS OF THE REALTOR COMMUNITY For Week Ending January 12, 2019 Publish
More informationMonthly Indicators + 8.7% - 1.6% % Activity Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price
Monthly Indicators 2018 Residential real estate activity has been relatively slow in the first quarter of 2018, yet housing is proving its resiliency in a consistently improving economy. Some markets have
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 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 informationTUCSON and SOUTHERN ARIZONA
TUCSON and SOUTHERN ARIZONA MID-Year Housing Report (520) 840-0963 MathewRodriguez@LongRealty.com 2018 Mid-Year Housing Report INVENTORY Housing market trends For the overall real estate market in Tucson
More informationMonthly 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 informationMonthly Indicators + 5.7% % % Market Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price
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 informationMonthly Indicators - 4.9% - 0.7% % Market Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price
Monthly Indicators 2018 If the last few months are an indication of the temperature of housing markets across the country, a period of relative calm can be expected during the last three months of the
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 informationHousing Supply Overview
Housing Supply Overview A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS September 2018 According to a recent study by Fannie Mae, 24 percent of Americans feel that now is a good time to buy a house.
More informationMonthly 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 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 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 informationLinkages Between Chinese and Indian Economies and American Real Estate Markets
Linkages Between Chinese and Indian Economies and American Real Estate Markets Like everything else, the real estate market is affected by global forces. ANTHONY DOWNS IN THE 2004 presidential campaign,
More informationEconomic Forecast of the Construction Sector
Economic Forecast of the Construction Sector March 2018 Economic Forecast of the Construction Sector Page 2/8 Introduction This economic forecast of the construction sector focuses on 2018 and 2019. The
More informationUpdate of U.S. Residential Real Estate Trends: Including economic data, current sales, new construction,
THE WRIGHT REPORT Update of U.S. Residential Real Estate Trends: Including economic data, current sales, new construction, interest rates, new construction, and foreclosures. January to June, 2017 www.thewrightinsight.net
More informationAbilene Area Local Market Report, First Quarter 2017
Area Local Market Report, First Quarter 217 Today's Market $18, Median Price (Red Line) and One-year Price Growth 2% $16, $14, 15% $12, $1, 1% $8, $6, 5% $4, $2, % $ 28 29 21 211 212 213 214 215 216 217-5%
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 Bulletin Monthly Report
October 21 1 Housing Bulletin Monthly Report Housing Starts show Slight improvement in September CANADA Housing Starts 2, 15, 1, 5, Sep 8 Oct 8 Nov 8 Dec 8 Preliminary Housing Starts in Alberta and Canada
More 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 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 informationFilburn Ave Wasco, CA
Great Opportunity For Investors and Developers PRICE: $5,330,000 LOCATION SIZE: ZONING: South Wasco City, corner of Palm & Filburn 75.77 Acres AG / R1 APN#: 490-020-04 UTILITIES: Water & Sewer - City of
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 informationThe Desert Housing Report. Coachella Valley Median Detached Home Price March March 2019 $392,000 $415,000
Median Price $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 Coachella Valley Median Detached Home Price March 2002 - $392,000 $415,000 CV Detached Median Price Summary 4% Growth Curve The
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 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 information