Valuations

Economics panel: "No reason the current homeowner today will want to sell"

Affordability could plummet in 2018
During a panel at the CoreLogic and Urban Institute Housing Finance conference, CoreLogic’s chief economist forecasted home prices will rise as interest rates continue to increase over the next few years, making housing affordability a challenge for many prospective buyers. But one economist questions if homeowners will even want to sell in the first place.
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New home sales 10-year high baffles economists

What waiting one month could mean for new home prices
New home sales surged in September, rising at their fastest pace in 10 years and baffling economists. While some experts gave various opinions for the possible reason for the increase, they were all shocked as the data seemed to predict a decrease in new home sales.
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Home prices pick up speed in August

Jump 6.6% from last year
Home price increases picked up pace once again in August, surpassing July’s increase and surging ahead unchecked, far surpassing the previous peak. FHFA’s latest House Price Index showed all regions of the U.S. saw an annual increase in home prices, however one region posted a decrease from last month.
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HELOC originations set to double over next 5 years

Home equity surpasses housing boom levels
Home prices continue to rise, causing them to surpass housing boom levels. But despite this jump in equity, home equity lines of credit are still lagging. However, a new report from TransUnion shows HELOC originations are set to double over the next five years.
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Existing home sales reverse course, increase in September

Hurricanes cause numbers to fall short from last year
Existing home sales increased for the first time after seeing three straight months of declines, beating expectations that September would also see a decline in home sales. However, one expert warns again being overly optimistic about the latest report.
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New York landlords face mounting pressure to lower rents

Vacant properties on the rise
Like many other areas of the country, New York experienced a boom in higher-end listings since 2013. Now, however, it faces an oversupply as the market at the top softens and the affordable homes and apartments are snatched up faster than the market can keep up with. Landlords at high-end properties are now under increased pressure to lower their rent prices, or watch vacancies increase.
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Rental market finally starts cooling down

When renting can outweigh buying a home
A lack of growth in rents over the past four months represents the longest period of stagnation in recent history and the slowest annual growth rate in six years. Even some of the most notoriously expensive markets such as Manhattan, San Francisco and Boston saw a halt in monthly rental price growth. In fact, now, in some circumstances, renting can even save more money than buying a home.
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