Category Archives: Residential

How Much House $1 Buys — 1998-2008-2018

While much of the U.S. bricks and sticks retail industry is struggling, given the structural shift in shopping, not included in that disarray are stores where everything is $1.  I am also old enough to remember when my weekly allowance was $1.   A single dollar in those days, however, bought a lot more than today …Read more

Existing Home Sales Dip 1.5 Percent on a Seasonally Adjusted Annualized Rate Year-Over-Year, Median Price Up 4.5 Percent — July 2018

Existing home sales dipped 1.5  percent in July 2018 versus a year ago to 5.34 million on a seasonally adjusted annualized basis (SAAR) according to National Association of Realtors® (NAR).  Sales shrunk 0.7 percent sequentially from June (SAAR).  On an unadjusted basis, housing sales in the first seven months of 2018 totaled 3.153 million, down …Read more

Another Top-10 List — Fastest Growing U.S. Suburbs 2018

Cheap energy prices and lifestyle are once again leading to a move back to ‘burbs’ in America.  Front and back yards are back in style for some, along with landscaping, vegetable gardens and trees.  There are tens-of-thousands of Millennials in hot pursuit.  As a result, demand is robust in many of the U.S. suburban housing …Read more

Another Top-10 List — Buyers From the North Midwest Fueling Florida, Colorado and Washington Luxury Housing Markets

There was much debate and rhetoric regarding the potential impact on higher-valued homes arising from passage of the Tax Cut and Jobs Creation Act of 2017.    The thought was that by cutting the allowable interest deduction from $1 million of total loans on the primary and secondary home(s) to $750,000, along with limiting a total …Read more

Forecasts: Residential Refinance & Purchase Lending, 30-Year Conventional Mortgage Rates, Home Sales — June 2018

Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  both refinance and purchase transactions.  Driving these lending forecasts is  the expectation of future interest rates.  Since 2018 is almost one-half over there is not too much deviation in interest rate expectations for the year, …Read more

New Single Family Home Sales Jump 14.1 Percent Vs A Year Ago in May 2018, Median Price Down 3.3 Percent to $313,000

New single family residential (SFR) home sales of 689,000 on seasonally adjusted annualized rate (SAAR) were up 14.1 percent versus a year ago and 6.7 percent sequentially from April.   Other than the 712,000 SAAR rate posted in November 2017, this is the greatest level seen since October 2007.  Year-to-date new home sales are up 8.8 …Read more