Home Values

US new-home sales climbed 6.7 percent in May

WASHINGTON/June 25, 2018 (AP)(STLRealEstate.News) — Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains. The Commerce Department said Monday that new homes sold last month at a seasonally adjusted annual rate of 689,000, up from 646,000 in April. The South reported monthly … Continue reading US new-home sales climbed 6.7 percent in May

Vacation Home Markets Haven’t Yet Regained All Their Lost Value

SEATTLE/ June 13, 2018 (STLRealEstate.News) — In places where vacation homes are most common, the housing crisis still shows a noticeable effect on the market. Scattered across the country, vacation home marketsi experienced a steeper run up in home values during the housing bubble, but also a sharper fall. Vacation home markets gained 117 percent … Continue reading Vacation Home Markets Haven’t Yet Regained All Their Lost Value

Quicken Loans Study Shows Slight Gap Between Owner Perception and Appraiser Opinion of Home Value

DETROIT, June 12, 2018 (STLRealEstate.News) — Homeowners and appraisers are coming closer to being on the same page, and in an increasing number of metro areas appraisals are even higher than what owners expected. In May, appraised values were 0.34 percent lower than expected, according to Quicken Loans’ National Home Price Perception Index (HPPI). This … Continue reading Quicken Loans Study Shows Slight Gap Between Owner Perception and Appraiser Opinion of Home Value

Birth Rates are Falling Most where Homes are Appreciating Fastest

SEATTLE/ June 11, 2018 (STLRealEstate.News) — The rate of babies being born is dropping the most in counties where home values are appreciating the fastest, according to a new Zillow® analysisi. An extra 10 percentage-point rise in home values is associated with an extra 1.5 percentage-point drop in birth rates for 25-to-29 year old women.  The trend is … Continue reading Birth Rates are Falling Most where Homes are Appreciating Fastest

Familiar Factors Yield Stronger February Home Sale Results for Chicago-Area, RE/MAX Reports

CHICAGO, March 19, 2018 (STLRealEstate.News) — The now familiar factors of a limited inventory of homes for sale and the continuing ascent of home values were evident again during February across the metropolitan Chicago housing market, according to RE/MAX Northern Illinois. Echoing results of recent months, February home sales activity dipped -2.2%, while the median … Continue reading Familiar Factors Yield Stronger February Home Sale Results for Chicago-Area, RE/MAX Reports

U.S. Housing Market Has Gained Back All $9 Trillion in Value Lost During Recession, but Uneven Recovery Means Some Markets Still Lag

SEATTLE/ Jan. 25, 2018 (STLRealEstate.News) — The U.S. housing market has gained back all $9 trillion in value it lost when the market collapsed, but the uneven nature of the crisis and subsequent recovery has left many housing markets trailing behind, while others surge further ahead. More than half of the nation’s largest housing markets have … Continue reading U.S. Housing Market Has Gained Back All $9 Trillion in Value Lost During Recession, but Uneven Recovery Means Some Markets Still Lag

California homeowners and consumers to be hit hard by tax reform bill, C.A.R. says

LOS ANGELES/Dec. 20, 2017 (STLRealEstate.News) — The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) issued the following statement in response to the passage of the Tax Cuts and Jobs Act tax reform bill by Congress today: “While the impact of this bill may not be as harmful in many parts of the country, here in California where … Continue reading California homeowners and consumers to be hit hard by tax reform bill, C.A.R. says

U.S. wealth shows increase due to surging stocks and rising home values

WASHINGTON, DC/December 12, 2017 (STL.News) – The stock market and real estate have powered American household wealth to $96.9 trillion this fall, though the gains aren’t widely shared. The Federal Reserve said recently that U.S. net worth rose $1.7 trillion in the July-September quarter, extending a steady rise in American wealth after the Great Recession … Continue reading U.S. wealth shows increase due to surging stocks and rising home values