Items Tagged with 'home price appreciation'

ARTICLES

  • Fannie Mae: Home sales will stabilize in 2019

    But affordability remains key challenge
    Home sales will stabilize this year, with a solid labor market and strong household formations driving demand, Fannie Mae's Economic and Strategic Research Group stated in its March outlook. But while slowing home price appreciation and lower mortgage rates have improved affordability, it will continue to be a challenge in 2019.
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  • Older homeowners are driving the home improvement market

    Harvard study says Baby Boomer spending on accessibility improvements will soar
    Armed with record amounts of home equity and an expressed desire to remain in their homes as they age, older homeowners are driving the home improvement market. A recent study by the Joint Center for Housing Studies at Harvard University revealed that households 55 and older account for half of all current home improvement spending. And, as Baby Boomers reach their 70s and 80s, researchers say their investments in home modifications to enhance accessibility will soar.
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  • Average homeowner gained $9,700 in equity in 1 year

    Will this translate to demand for home equity loans?
    Homeowners keep racking up equity, with the average gain totaling $9,700 over the past year. According to the latest report from CoreLogic, this equates to an 8.1% increase year over year and represents an aggregate gain of $678.4 billion since Q4 2017. Could this mean big volume for home equity loans as interest rates slide?
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  • Average home lost $2,440 in value since this summer

    Property values deflate as home price growth declines
    In December, the average home declined 0.8% in value since August 2018, equating to a loss of $2,440, according to the latest report from Black Knight. The data provider estimated that home prices appreciated 4.6% in December, down from a high of 6.8% in February 2018, and predicted January numbers will follow a similar trajectory.
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  • The housing market isn't appreciating like it used to

    But will things turn around in 2019?
    Home price growth continues to slacken, with annual growth decelerating to the slowest pace since August 2012. According to recent data from CoreLogic, home prices in January grew 4.4% year over year, increasing just 0.1% from the previous month. While lower mortgage rates should help appreciation pick up this spring, will 2019 see the slowdown continue?
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  • Have we reached a tipping point in the rising costs of homes?

    Case-Shiller report shows lowest level of home price growth since Nov. 2016
    After rising constantly since 2012, are home prices now finally starting to modulate a bit? New data from S&P Dow Jones Indices and CoreLogic suggests that may just be the case. According to a review of the data by CoreLogic Deputy Chief Economist Ralph McLaughlin, thanks to a slower December, home price growth is now at its lowest level since November 2016.
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  • Homeownership investment company Unison expands reach

    New partnership makes 5% down program available to more homebuyers
    Unison Home Ownership Investors aims to give homeowners and buyers access to cash for the opportunity to share in their home appreciation. In business for more than a decade, the company has been a pioneer in the homeownership investment category. Now, it’s growing into new markets through a new partnership with Goldwater Bank.
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  • Cash-out refis haven’t been this prevalent since the financial crisis

    But unconcerned experts say borrowers are extracting less equity than before
    The volume of cash-out refinance loans hasn’t been this high since 2008, but experts at the Urban Institute say that when put into context, there’s no cause for alarm. “In an environment of home price appreciation, people commonly tap into their home equity,” the authors wrote, adding that the total amount of equity cashed out is well below pre-crisis totals.
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  • Veros: Washington, Nevada will see most home value appreciation next year

    Reveals lists of top 10 most and least appreciating markets
    Valuations provider Veros predicts seven of the 10 top-appreciating markets in the next 12 months will be in Washington and Nevada, and that the most populated metro areas will see a 4.5% uptick in appreciation. "We are forecasting that the overwhelming number of metros across the nation, approximately 97%, will appreciate," said Eric Fox, VP of statistical and economic modeling.
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  • This may be the hottest neighborhood in the U.S.

    San Francisco’s Bernal Heights has seen home prices appreciate 111% in 6 years
    Just south of San Francisco’s Mission District, perched atop a steep hillside, sits Bernal Heights. Traditionally home to artists and progressive-types, this little neighborhood once enjoyed relative obscurity, even managing to fly under the gentrification radar following the dotcom boom. But it appears all that’s about to change.
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