Trends

The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices
The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices.   During July, Redfin determined a 6.8 percent year-over-year spike in home prices, with the national median sale price... Keep Reading....
Multifamily origination volume could hit a new record this year, reaching between $270 and $280 billion
Multifamily origination volume could hit a new record this year, reaching between $270 and $280 billion, according to a forecast from Freddie Mac that cited a robust marketplace during the past six months.   "In the first half of 2017 multifamily performance, by most measures, remained near the... more
Home prices in every state and the 40 largest metro areas increased in May, according to new data from Black Knight Financial Services
Home prices in every state and the 40 largest metro areas increased in May, according to new data from Black Knight Financial Services, which also determined that 11 of the 20 most-populous states and 20 of the 40 largest metros hit new home price peaks two months ago.   Black Knight’s Home Price... more
Roughly 1.5 million borrowers have purchased a home in the last 10 months using downpayments below 10 percent, according to new data from Black Knight Financial Services (BKFS
The American Dream comes with the reality of pricey expenses related to property ownership and maintenance, according to new data from Zillow and Thumbtack.   On a national average, an average $6,059 per year is spent to cover the costs of homeowners’ insurance, property taxes and utilities. Home... more
The National Association of Realtors’ (NAR) Pending Home Sales Index (PHSI) rose by 1.5 percent to 110.2 in June from an upwardly revised 108.6 in May
The National Association of Realtors’ (NAR) Pending Home Sales Index (PHSI) rose by 1.5 percent to 110.2 in June from an upwardly revised 108.6 in May. On a year-over-year basis, the PHSI was up by 0.5 percent, which marks the first time since March that this index increased annually.   On a... more