A Turning Tide? U.S. Homeownership Rate Climbs in Q2 as Rental Vacancies Mount
After a decade in which essentially all household formation was among renters, the most recent homeownership data provides a faint signal that the market may be turning. Between Q2 2016 and Q2 2017, the number of owner households increased 1.7 percent while the number of renter households fell by 1.6 percent.
As the U.S. Dollar Strengthens, How Do Foreign Buyers Respond?
As the U.S. dollar has strengthened over the past few years, foreign buyers of U.S. homes have responded to the squeeze in different ways. Buyers from some countries have adjusted their sights lower and responded by shopping for less expensive homes, while others have likely dropped out of the market altogether allowing their better-heeled countrymen to seek more expensive places. And still others seemingly haven’t adjusted their behavior at all.
Inventory Is Down, But Listings Aren’t (June 2017 Market Report)
Inventory is tight and home values are rising, and it’s easy to assume that the main culprit for shrinking inventory is a shrinking number of homes being listed for sale. Easy, but wrong.
Housing Data 101: What is Negative Equity?
When a home falls in value to the point where it is worth less than the amount its owner owes on his mortgage, it falls into negative equity. This can happen in any economic downturn, regardless of severity or duration. But given both the unprecedented severity and duration of last decade’s downturn, negative equity grew like it was on steroids.
Typical U.S. Home Sellers Gained $39,900 Last Year. See How They Did in Your Market.
Homeowners who sold in 2016 made 3.4 percent a year, the highest gain for home sellers since 2007, when the typical gain was $47,500. Typical sellers in 2016 also owned their homes for seven years and five months at the mid-point – the longest period in decades.
A Picture’s Worth: Need a Reason to Name Your Child Stuart or Alison?
What's in a name when it comes to home? Lots, it turns out. Annes own the highest-value homes in 10 states, and of all the homes owned by Salvadors nationally, 46.9 percent of those homes are in California.
Need a Reason to Name Your Child Stuart or Alison? They Own the Most Valuable U.S. Homes
What's in a name when it comes to home? Lots, it turns out. Annes own the highest-value homes in 10 states, and of all the homes owned by Salvadors nationally, 46.9 percent of those homes are in California.
Why is Home Buying Demand So High? Partly Because Buying Conditions (in Theory) Are So Good
An incredibly strong jobs market, coupled with historically high levels of home affordability, is helping create a perfect storm of home buying demand that is proving incredibly difficult for home builders and home sellers to satisfy.
Housing Data 101: Why Is the Market So Hot?
Being a home buyer in many markets these days is harrowing. Sellers are in control, with buyers forced to contend with cutthroat competition and intense pressure to make a deal.
Whole Foods & Trader Joe’s Provide a Healthy Boost to Nearby Homes
We’ve proven that homes near a Starbucks appreciate more quickly than both the typical U.S. home and homes near rival Dunkin’ Donuts, giving you and your barista something interesting to discuss while your half-caff vanilla soy latte brewed. But what were you supposed to say to the cashier at Whole Foods when purchasing your favorite organic camel’s milk to top off your latte?
