Tag Archives: Home Sales

Another Top-10 List — Metro Markets with the Greatest Multifamily Construction Underway

An ongoing mega theme in housing markets is the increased number of households, that in the past would be homeowners, but today are relegated to being renters. The trifecta of student loan debt, increased mortgage loan underwriting requirements and rising down payments (read Qualified Mortgage here) have stimulated growing demand for rental housing. MultiFamily Executive …Read more

December 2013 Existing Home Sales Essentially Flat from December 2012 — Median Price Increased 9.9 Percent in the Same Period

Tough weather conditions in December saw existing home sales remain essentially flat (down 0.6 percent on a preliminary basis) when compared to December 2012, as reported by the National Association of Realtors® (NAR). The median home price was $198,000 for December 2013, a gain of 9.9 percent from 12-months earlier. For the entire year, NAR …Read more

Another Top-10 List (and you may not want to be on this one unless you bought early) — The Most Overvalued Residential Markets by Country

In my lifetime, I have seen home values in some markets rise to levels that were simply not sustainable given government policy, income levels, economic growth, new construction and inventory of existing housing. We saw that in recent years in many markets in the U.S. when home prices fell by 28 percent from July 2006 …Read more

October 2013 Existing Home Sales Up 6 Percent Versus October 2012 — Median Price of $199,500 Up 12.8 Percent

Existing home sales continue the recovery to normal, with October 2013 sales of 5.12 million on a seasonally-adjusted, annualized rate (SAAR), compared to 4.83 million a year ago, as reported by the National Association of Realtors® (NAR). This was a gain of 6 percent. Sequentially, however, sales dipped from 5.29 million in September 2013. Year-over-year …Read more