July 2016 Market Report: Four Years of Recovery, Still 4+ Percent Left to Go
The median U.S. home value has risen on an annual basis in each month for the past four years – and still remains more than 4 percent below its pre-recession high.
Key Takeaways from the July Existing Home Sales Report
After a surprisingly buoyant spring and early summer, July existing home sales pulled back, falling 3.2 percent from June to 5.39 million units at seasonally-adjusted annual rate (SAAR) according to the National Association of Realtors.
Rapid Reaction: July Existing Home Sales
July existing home sales fell 3.2 percent from June and 1.6 percent from a year ago, to 5.39 million units (SAAR), breaking a streak of four consecutive monthly gains.
Key Takeaways from the July New Home Sales Report
July new home sales rose 12.4 percent from June to 654,000 units at a seasonally adjusted annual rate (SAAR), their highest level since October 2007. Over the year, new home sales are up 31.3 percent, the highest annual growth rate since February 2012.
July Home Sales Forecast: Is the Party Over?
Thus far, it has been a pretty sweet ‘16 for home sales. But according to our July home sales forecast, the party looks like it could be coming to an end, at least temporarily and especially for sales of existing homes that must eventually face the harsh reality of tight inventory and rising prices.
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.
Urban Ascendant: Home Values in and Around Washington, D.C.
The housing market in and around Washington, D.C., has fundamentally transformed over the past decade. Perhaps more than any other U.S. market, the nation’s capital sharply illustrates the extent of urban renaissance experienced in many cities nationwide, and the diverging post-Recession fortunes of the nation’s urban and suburban communities.
What If the Housing Bubble Never Happened?
Most U.S. homes are still worth far less than they “should” be if there were never a housing bubble and home values had instead grown at historic norms between 2000 and 2016.
The Unconventional Mortgage: How Home Loans Have Changed Since 2000
Even an instrument as venerable and seemingly stable as the 30-year, fixed mortgage can evolve in the face of changing market forces, demographics and demand – particularly when those changes are as rapid and transformational as those experienced over the past decade or so.
