Tag Archives: Real Estate Trends

July Existing Housing Sales Hit Highest Annualized Level of 2014

July 2014 saw existing housing sales post the greatest seasonally adjusted annualized rate (SAAR) thus far this year at 5.15 million units according to the National Association of Realtors® (NAR). Sales increased 2.4 percent sequentially from June (revised), though they were off 4.3 percent from July 2013. Median price increased 4.9 percent from a year …Read more

Another Top-10 List — Over and Undervalued Housing Markets

In the past week I wrote about the strong robust economy in Portland, Oregon, and how that, given limited new residential construction, home prices in Portland, in my opinion, were at a premium today given historical price levels. Then I came across a study from Trulia that specifically examined current valuations with respect to historical …Read more

Portland, Oregon — An Award Winning Rose of an Economy

This week I had the opportunity to speak to the Oregon Mortgage Bankers Association in Portland, Oregon. It was a fun trip to catch up with colleagues, friends, customers and for the first time, see a new granddaughter as my daughter, son-in-law and children live there. The Portland-Vancouver-Hillsboro Metropolitan Statistical Area (MSA) created 28,900 net …Read more

May 2014 Existing Home Sales Post Largest Sequential Monthly Gain Since August 2011 — But Still Remain Down 5 Percent from a Year Ago

As the summer weather warms, so is the housing market. May 2014 existing home sales rose 4.9 percent from April to a seasonally adjusted annualized rate (SAAR) of 4.89 million sales according to the National Association of Realtors®. With April’s 4.66 million sales on a SAAR basis (revised upwards), that made the largest sequential monthly …Read more

Residential Building Permits — Single Family is Flat But Multifamily is Growing, Systematically Under Building

As housing continues to recover, the laggard in the sector is new housing sales. New home sales were essentially flat in the first quarter of this year when to the same period of 2013 – 107,000 in 2014 versus 109,000 in 2013 http://blog.stewart.com/stewart/2014/04/25/new-home-sales-misleading-metrics-downturn-not-as-severe-as-thought-year-over-year-q1-sales-almost-identical/ The same is true for single family residential building permits. Single family …Read more