Home Sales Forecast: July 2018
Home sales should rebound modestly in July after a disappointing June, but only barely.
Price Cuts Becoming More Common, Especially at the High End
The share of pricier homes available for sale at a discount from their original list price is growing, even as sellers of less-expensive homes seem somewhat less willing to consider a price cut.
Mortgage Rates Lower on Turkey Turmoil
Mortgage rates fell last week after the collapse of the Turkish lira prompted financial market fears.
They Don’t Build Them Like They Used To: The New Construction Shortage
If permits were issued at historic rates (defined on a per incremental capita basis) over the last 10 years, there would have been some 2.3 million more single-family homes built nationwide.
List of $1M (Home Value) Cities Could Grow by 23 in the Next Year
Only 197 cities of more than 10,000 analyzed have a median home value of $1 million or more. Another 23 cities are expected to join the list in the coming year.
Mortgage Rates Fall on Weak Jobs Data
After trending higher last week, mortgage rates dropped slightly this week in response to an unexpectedly weak July jobs report.
The Rentership Roller Coaster: Most Cities Gained Renters, Despite a Pre-Recession Dip
Since the turn of the millennium, nearly all of America’s 50 largest cities have seen a rise in their rentership rates, the percentage of homes that are rented rather than owned. In all but a few of these cities, the ascent has been far from smooth.
Home Values Grew Most in Markets With Strictest Land Use Regulations
Home values and job growth have both risen since 2010, but home values grew much more steeply in metros with stricter land use regulations.
Mortgage Rates Edge Higher as Trade Tensions Ease
Mortgage rates trended higher over the past week, returning to highs last touched in late May and early June and continuing the upward trajectory of last week.
Notable Numbers From July 2018
What's the premium for waterfront, air conditioning and an easy commute? What share of rental listings can renters actually afford? What share of homes have recovered to their pre-recession peaks? Check out our notable numbers from July 2018.
