November 2016 Market Report: Home Values Growing at Fastest Pace Since 2006
As 2016 comes to a close, annual growth in rents has stabilized, the number of homes listed for sale is at its lowest point on record and annual home value growth is accelerating. Looking ahead into 2017 and beyond, all three of these trends are likely to continue influencing each other and the market as a whole.
Q3 2016 Negative Equity Report: Bottom Heavy
Negative equity continues to recede as home values keep rising and the market inches ever closer to fully, finally regaining all value lost during the recession. And crucially, as home value growth among less-expensive homes outpaces growth at the higher end, negative equity is falling at a faster clip among entry-level homes – the exact kinds of homes sought by all-important first-time home buyers.
Value Add: How the Gap Between the Bottom and Top of the Housing Market is Widening
The gulf between the housing haves and have-nots has widened considerably over the past two decades, as top-tier homes gained more value than less valuable, more entry-level homes and bottom tier homes in general lost more of their value during the housing bubble bust.
Q2 2016 Negative Equity Report: Why Cities and Suburbs Are Only Sometimes Impacted Similarly
At its worst, negative equity touched all kinds of homeowners in all kinds of markets. The type of community a given home was in – urban or suburban – mattered little. Fast-forward a few years, and the relative vibrancy of a given community and how it has performed over the past few years, and not necessarily its location in the city or suburbs, matters a great deal.
Q4 2015 Breakeven Horizon: Buying a Home Pays Off for Most – But Not All – After Just Two Years
A longstanding combination of healthy home value growth and low mortgage interest rates, combined with robust growth in rents, is helping to keep the buy vs. rent equation tilted heavily towards buying in most areas for those planning on staying in their homes for longer than just a few years.
Not a Stretch: Retirement Savings, Living Expenses & Cheap Housing
Looking to stretch your retirement savings? If you're willing to live frugally and in a city with inexpensive housing, you may be able to retire at age 40.
Revisiting Mortgage Lending in Detroit: New Insights From HMDA
Detroit’s housing market is – slowly, seemingly perpetually – “getting there,” recovering in fits and starts and unevenly throughout the roughly 150-square-mile city that is home to more than 600,000 residents.
