New-home sales probably will jump 11% to 750,000, according to Yun’s new forecast, which would be the highest reading since 2007. Sales of existing homes likely will increase 3.7% to 5.56 million in 2020, the highest tally since 2017, Yun said. “Some loosening in...
These guys don't release their local forecasts: Home prices increased on an annual basis by 3.5 percent in October according to CoreLogic's Home Price Index (HPI). The index rose 0.2 percent from the previous month. The rate of increase in home prices appears to...
Last December, I had guessed NSDCC sales would drop by 20% this year, but that was back when mortgage rates were touching 5%. With rates back in the 3s for most of 2019, our sales exceeded my expectations - here are the NSDCC detached-home listings and sales for the...
I agree with Rich about pricing, and we are too deep into the year for it to change much now. There will be occasional deals, but for the most part, sellers will just wait until spring rather than give it away....
For those who didn't see this in our newsletter, here are my guesses on market conditions: A little better than usual for the rest of the year due to low mortgage rates. A little worse than usual next year due to political/election distractions. Would you like to...
The C.A.R. is forecasting +0.8% in sales, and +2.5% in median sales price for 2020, which is about as safe as it gets. Here is a comparison of how their forecasts have compared to the actual numbers recently: Category 2018 Forecast 2018 Actual 2019 Forecast 2019...
As long as everything stays rosy, we'll be fine...... The housing market has been looking slightly better over the last few month and Freddie Mac July economic report reflects that fact. They also maintain a fairly rosy picture of the economy as a whole. They note...
This collection of opinions has more reach - and more influence - than those of any part-time blogger. Thankfully, these experts are split on whether the alleged slowdown is temporary, so readers will just be on their merry way in hopes that it will all work out....
Here are the histories, and forecasts, of our local Zillow Home-Value-Index for each area: They are forecasting flat or declining prices in three of our larger areas - and they are also predicting a drop-off in values as the selling season will be getting underway in...
A summary of the 2019 forecasts - they say mortgage rates will be above 5% this year, and that pricing will continue to go up too. Something needs to give, and the only thing left is the number of sales: A year ago, several experts predicted the new tax law would...
