Title Security's Blog

Comprehensive Title Insurance & Escrow Services


Leave a comment

Are We About To Enter A Buyers’ Market?

telescope

Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?

The market has definitely softened. However, according to two chief economists in the industry, we are a long way from a market that totally favors the purchaser:

Dr. Svenja Gudell, Zillow Chief Economist:

“These seller challenges don’t indicate we’re suddenly in a buyers’ market – we don’t expect market conditions to shift decidedly in favor of buyers until 2020 or later. But buyers certainly are starting to balk at the rapid rise in prices and home values are starting to grow at a less frenetic pace.”

Danielle Hale, Chief Economist of realtor.com:

“The signs are pointing to a market that’s shifting toward buyers. But, in most places, we’re still a long way from a full reversal.”

In addition, Pulsenomics Inc. recently surveyed over one hundred economists, real estate experts, and investment & market strategists and asked this question:

“When do you expect U.S. housing market conditions to shift decidedly in favor of homebuyers?”

Only 5% said the market has already shifted. Here are the rest of the survey results:

Are We About to Enter a Buyers’ Market? | Keeping Current Matters

Bottom Line

The market is beginning to normalize but that doesn’t mean we will quickly shift to a market favoring the buyer. We believe Ivy Zelman, author of the well-respected ‘Z’ Report, best explained the current confusion:

“With the rate of home price appreciation starting to decelerate alongside the uptick in inventory…we expect significant debate about whether this is a bullish or bearish sign.

In our view, the short-term narrative will probably be confusing, but more sustainable growth and affordability will likely be the end result.”

via The KCM Crew

Advertisements


Leave a comment

What’s Up With Housing?

.

Some buyers love the idea of farm living providing it’s in the heart of the suburbs. Like golf communities, agrihoods focus on nature but also sell organic food.
.
.
.
.
After falling for the last 10 years, the home-ownership rate increased during the first half of 2017.
.
.
.
.
With 10,000 boomers retiring each day, builders remain confident. NAHB’s 2Q 55+ index not only rose 11 points, it’s been in positive territory for over four years.
.
.
.
.
.
What Do Buyers Want More — A Bigger House or a Bigger Yard?
Turns out a big yard gives homeowners the extra ‘breathing room’ they want.
.
.
.
.
.
.
Siding, Paint, Roofing, Wallboard Join Lumber as Input Inflation Drivers.
As 2018 budget season arrives, it’s time to both model in and do something about cost escalation on building products and materials.
.
.
.
.
.
.
.
Tampa Bay Has Two New Million-Dollar ZIP Code Areas — Is Yours One of Them?
The addition of St Petersburg’s 33701 to the million-dollar ZIP list reflects the huge demand for luxury condos along Beach Drive with its waterfront views and wealth of restaurants.
.
.
.
.
.


Leave a comment

What’s Up With Housing?

.

Home InspectionsOrdering a Home Inspection? Here’s What to Expect.
A home inspection contingency allows you to renegotiate the price paid for the home, ask the sellers to cover repairs, or even, in some cases, walk away. Your Realtor can advise you on the best course of action once the report is filed.

.

CFPBWill the CFPB’s Final Mortgage Servicing Rule Implementation Be Delayed?
The implementation date of the Consumer Financial Protection Bureau’s final mortgage servicing rule lies in question after the Trump administration announced a freeze on federal regulations.

.

Ivy ZelmanIvy Zelman’s Look at MultiGenerational Living.
A data dive that explores how households where 55+ adults living with their adult children are trending vs. broader household formation patterns.
.

.

.

.

SWhy Single Women Are Buying Homes at Twice the Rate of Single Men.
Skip the spouse, buy the house: Single women account for 17% of homebuyers in the U.S., vs. 7% of single men.

.

.

Housing RecoveryCase-Shiller Says the Housing Market Has Now Officially, Completely Recovered… Do You Agree?
“The new Administration in Washington is seeking faster economic growth, increased investment in infrastructure, and changes in tax policy which could affect housing and home prices.”

.

http://www.TitleSecurityFL.com


Leave a comment

Housing News: A Week In Review

 

Good Morning… Don’t Forget to Spring Back Tonight.

Florida RealtorsThe US House of Representatives passed H.R. 3370, “The Homeowner Flood Insurance Affordability Act.”  http://bit.ly/1h0Wmwy

 

 

How To Price Your HomeHow to Price Your Home.
Anything will sell anytime, how long will it take depends on the price… It’s time to “vet” your approach to pricing.
http://bit.ly/1dvhqfu

 

Single-Lady Housing ChartWhat Single Women Want: A Home of Their Own…  According to fresh Census data, 31,540 more single women under the age of 35 became homeowners in 2013.     http://bit.ly/1dCa5Ld

 

Ivy Zelman1Ivy Zelman: ‘Nirvana Not Far Around the Corner’  She’s bullish on growing demand and quick to point to capacity constraint as a key delimiter in the market.
http://www.cnbc.com/id/101449024

www.TitleSecurity.net