Tag Archives: Real Estate Trends

Dr Glenn Mueller’s Q3 2017 Real Estate Cycles Report

This may be the most timely read this quarter regarding Commercial Real Estate — Dr. Glenn Mueller’s Real Estate Cycles Q3 2017 report from Black Creek Group – Black Creek Research.  The report contains a critical mass of valuable data spanning major commercial real estate markets across the country. Dr. Mueller’s analysis of commercial real …Read more

New Home Sales October 2017 – Highest in 10 Years

New homes sales surged in October 2017, rising to an estimated 685,000 dwelling units on a seasonally adjusted annualized rate (SAAR).  This is the most seen since the 711,000 level posted 10 years ago in October 2007.  Sales were up 18.7 percent on a year-over-year basis (SAAR) and up 6.2 percent sequentially from September (with …Read more

Residential Refinance and Purchase Lending Forecast Update — November 2017

As we economists say, “forecasting is difficult, especially the future.”   Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  both refinance and purchase transactions.  The forecasts typically span a three-year period, currently from 2016 to 2018.  Two of the three have just released quarterly …Read more

State Employment Changes October 2017

Jobs are everything to an economy.   Period. So goes the number of jobs, so goes (in general) the demand for housing, commercial real estate and the overall performance of the economy.  Naturally other factors such as taxes (or the lack-thereof), location, natural resources and external factors alter all of this, but the ultimate measure is …Read more

October 2017 Existing Home Sales Rebound from Hurricane Slump, Up 2.0 Percent Sequentially from Prior Month, (Seasonally Annualized), But Down 0.9 Percent Year-Over-Year

Existing home sales sprang back in October 2017, rising 2.0 percent (on a seasonally adjusted annualized rate) from the downward trend in September arising from Hurricane Harvey and Irma impacts, but remained off slightly (down 0.9 percent) from a year ago according to the National Association of Realtors® (NAR).  Median price was $247,000 (not seasonally …Read more

Residential Purchase and Refinance Lending Volume Forecast Update — October 2017

As we economists say, “forecasting is difficult, especially the future.”   Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  both refinance and purchase transactions.  The forecasts typically span a three-year period, currently from 2016 to 2018.  The lagging year (2016 at this time) often …Read more

Existing Home Sales Dip 1.6 Percent Year-Over-Year in September 2017, But Surprisingly Rose 0.7 Percent from August

Given the Hurricanes Harvey and Irma, consensus was for declining existing home sales year-over-year and sequentially from August.  While sales dipped 1.6 percent in September 2017 versus a year ago, sales edged up slightly (0.7 percent) from August according to the National Association of Realtors® (NAR) to a 5.39 million seasonally adjusted annualized rate (SAAR).  …Read more