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Economic Research (Real Estate)
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Colorado Springs, CO (80922) tops the list of hottest zips, with Fort Worth, TX (76148), San Ramon, CA (94583), Melrose, MA (02176), and Littleton, CO (80128) rounding out the top five.
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Existing home sales notched another gain in March, but at a pace of 5.6 million sales, fell short of last year’s figure (5.67 million) as limited inventory and rising prices force buyers to adjust shopping plans.
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Home prices continue to go up. Based on sales prices from January, February, and March Case Shiller estimates that prices rose 6.5 percent nationally from a year ago, while the 10-city and 20-city indices were up 6.5 and 6.8 percent, respectively.
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The end of April signals peak home-buying season in many markets around the country, and our data says that’s particularly true this year, in what is now the hottest spring housing market on record.
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Treasury rates dropped dramatically lower this week as Italian political turmoil caused investors to prefer Treasury investments. Yields dropped to as low as 2.77 percent on Tuesday—30 basis points from one week prior. Also today, pending home sales moved lower in April as pending sales in all regions.
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In May, a net of 223,000 additional jobs were created marking the 92nd consecutive month of job growth. Since October 2010, more than 18 million jobs have been added to the economy.
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With the 2018 hurricane season under way, we wanted to take a look back at recovery of the housing market in Houston. It’s been 9 months since Hurricane Harvey made landfall in Texas. In the immediate aftermath, we pointed out some likely short-term impacts on home sales. Here we take a look at where the … Continue reading Housing in Houston: 9 months after Hurricane Harvey →
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Review of Realtor.com Luxury Home Index May 2018 Highlights The top 5 fastest growing luxury markets this month were: Sarasota, FL; Queens, NY; Collier, FL; Douglas, CO; and San Mateo, CA – with 13 to 19 percent price growth year-over-year. Three Florida markets (Sarasota, Collier and Broward) are now among the fastest growing luxury markets, … Continue reading Florida Markets Seeing Rapid Uptick in Luxury Home Prices this Spring →
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With summer heating up, a new analysis from realtor.com®, The Home of Home Search℠, has identified some of the hottest summer-related keywords currently being used in home listings to entice buyers and boost prices.
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This week’s economic data included new construction information from the Census, existing home sales data from the National Association of REALTORS® (NAR), home price trend data from the Federal Housing Finance Agency (FHFA), and mortgage rate data from Freddie Mac.
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June Data Shows a Deceleration in the Rate of Inventory Decline, but Prices and Time Spent on the Market Still Present Challenges to Buyers As the summer home-buying season commences, many of the trends we saw this spring are set to hold steady. The pace of sales in the early days of summer continues … Continue reading June 2018 Data: Inventory Declines Continue to Decelerate →
This week’s economic data included new home sales data from the Census, home price information from Case Shiller, June inventory data from realtor.com, pending home sales from NAR, and weekly mortgage rates.
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Affordability Moves Hot Markets Eastward from the West Coast Key Takeaways from realtor.com’s® June Market Hotness Index Midland, TX held its top spot as the hottest market in the country. California’s historic streak of dominating the hotness list has ended as it claims only 5 of the top 20 markets. This month, 10 other states are … Continue reading June 2018 Hottest Markets →