Tag Archives: Real Estate Trends

New Home Sales Hit a 10-Year High in November at 773,000 Dwellings on a Seasonally Adjusted Annualized Rate, Median Price $318,700

New homes sales continued a rapid gain in November 2017, rising to an estimated 773,000 dwelling units on a seasonally adjusted annualized rate (SAAR).   The last time sales on a SAAR were greater was August 2007 at 795,000.   Sales were up 26.6 percent on a year-over-year basis (SAAR) and up 17.5 percent sequentially from October. …Read more

Existing Home Sales Hit Highest Annualized Rate in almost 11 years in November 2017 – Median Price Up 5.8 Percent

Existing home sales posted a seasonally adjusted annualized rate (SAAR) of 5.81 million dwelling units in November 2017, up 3.8 percent versus a year ago and the most seen since December 2006, according to the National Association of Realtors® (NAR).   Median price of $247,000 (not seasonally adjusted), posted a 5.8 percent gain versus a year …Read more

Another Top-10 List — Best Boomtowns of 2017

Just the word alone says it all —  Boomtowns — where economic growth hits the pavement, so to speak. Smartasset once again has assembled their list of the top boomtowns in 2017.   These top-10 are just not hot, but super-hot, as these were identified after examination of 581 cities across the U.S.  The following five …Read more

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