Monthly Archives: July 2014

Rising Home Prices Hurting Housing Affordability

Posted on July 17, 2014 by Cliff

Rising home prices pushed housing affordability down in May compared with last year, making homes a little less affordable to the average family, according to the National Association of REALTORS®’ latest housing affordability index. The median price for a single-family … Continue reading →

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Baby Boomers Not Downsizing Yet

Posted on July 16, 2014 by Cliff

Baby boomers aren’t showing any signs of leaving the single-family home market that has defined their generation’s real estate habits, despite many predictions that they would by now. As baby boomers hit age 65 and become empty nesters, many housing … Continue reading →

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Low Mortgage Rates Not Good For Housing Recovery

Posted on July 15, 2014 by Cliff

Mortgage rates are near historic lows, which is great news for home owners and buyers. But the situation could prove to be a big thorn in the side of the recovery. More than one-third of homes with a mortgage have … Continue reading →

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6.5 Million Homes At Risk With Hurricanes

Posted on July 14, 2014 by Cliff

More than 6.5 million homes along the U.S. Atlantic and Gulf coasts could be at risk of a storm surge from hurricanes, which could amount to nearly $1.5 trillion in potential reconstruction costs, according to CoreLogic. The analysis estimates the number … Continue reading →

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Home Buyers & Sellers Not On “The Same Page”

Posted on July 11, 2014 by Cliff

Home buyers and sellers are “not on the same page” when it comes to the state of the housing market, according to a new Redfin survey of 707 of its agents and partner agents across 35 U.S. markets. Buyers and … Continue reading →

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Lenders Worry About Another Housing Bubble?

Posted on July 10, 2014 by Cliff

Lenders worry about another housing bubble is on the horizon, according to Fifty-six percent of respondents said that an “unsustainable real estate bubble is inflating.” “The home loan environment has bifurcated,” says Andrew Jennings, chief analytics officer at FICO and … Continue reading →

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Is The Foreclosure Dip Temporary?

Posted on July 9, 2014 by Cliff

In May, there were 47,000 completed foreclosures nationwide, down 9.4 percent year-over-year, according to CoreLogic’s May National Foreclosure Report. Every state posted double-digit year-over-year declines in completed foreclosures, but some housing analysts say the foreclosure drop could be temporary. “There … Continue reading →

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Median Home Prices Rose Again In May

Posted on July 8, 2014 by Cliff

In May, the median list price of homes was $214,900 nationwide, an 8 percent increase year-over-year. All but eight of the 146 markets that realtor.com tracks reported year-over-year median home price increases in May. “This broad increase in price suggests … Continue reading →

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Renters Still Feeling the Landlord Rent Increases

Posted on July 7, 2014 by Cliff

The average monthly rent for an apartment increased in the most recent quarter to $1,099, up 0.8 percent from the first quarter of this year and up 3.4 percent year over year, according to Reis Inc., a real estate research … Continue reading →

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More Home Owners Deciding To Sell?

Posted on July 3, 2014 by Cliff

Reports of rising home prices are making selling more attractive to the largest share of home owners in eight years, according to a gauge from the University of Michigan and Thomson Reuters. Few of the home owners surveyed said they … Continue reading →

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