Tag Archives: Home Sales

Election-Year Home Sales Myths 2020

It’s an election year, so things are always different – correct?  Housing sales will be down no matter what?  Right?  The high-end market always slows – right?  Both are myths – but are they true? MythBusters was one of my favorite TV shows years ago, but analyzing these housing sales myths is not going to …Read more

Latest Home Sales and Residential Lending forecasts

Each month Fannie Mae and the MBA forecast interest rates, residential lending, and both existing and new home sales.  Freddie Mac does a quarterly forecast covering lending, interest rates and total home sales – existing plus new.  The following tables summarize the latest forecasts as of June 2020. Interest Rates Differing expectations of interest rates …Read more

Potential High-Risk Housing Markets Due to Coronavirus

The economic impact of the Coronavirus varies from one city to the next  just like medical symptoms and severity of those infected by the virus differs from one person to another.    A myriad of factors affect how each local housing market will respond under these pressures and economic uncertainties.  My favorite economic and real estate …Read more

Pick a Number — Existing Home Sales November 2019

In this day and age of mathematical precision and faster-than-light calculation speeds, answering the question as to existing home sales numbers and direction almost makes one stutter.   The following bullets summarize November existing home sales statistics.  Pick a number — pick any number — and what you saying is probably  correct.  Each of these data …Read more

Another Top-10 List — Highest Gaining (and Losing) Median Home Price Metropolitan Statistical Areas Q3 2019

While the U.S. has seen all-time record-high employment, the lowest unemployment rate in 50 years, and rising wages, home sales stuttered in 2018 and the first half of 2019 due to affordability.  Home price  increases in the past decade have out-sprinted income gains, negatively impacting affordability. Prices changes are not uniform nor consistent across the …Read more

Median Single-Family Home Price Gains Q2 2019

Falling interest rates have, at least for now, taken off some of the pressure of rising home prices in the affordability equation.  The U.S. quarterly existing single-family median home price rose to a record $279,600 in Q2 2019, a 12-month gain of 4.3 percent according to the National Association of Realtors® (NAR). The following table …Read more