December 17, 2020 by Ryan McKeveny & Dennis McGill
Filed Under | affordabilityexisting home saleshome pricinghomeownershipmortgage ratesreal estate services
October 21, 2020 by Zelman & Associates
Filed Under | affordabilityhome pricingmacro housingmortgage ratessurvey
September 06, 2019 by Zelman & Associates
Earlier this week, Home Mortgage Disclosure Act (HMDA) data for 2018 was released. The annual dataset is enormous and serves as the primary baseline for most analyses of the mortgage market and its participants. This year also includes numerous ...
Filed Under | affordabilitymortgage
July 26, 2019 by Zelman & Associates
Late last year, the average mortgage debt accumulated by homebuyers relative to their income was quickly rising, which was attributable to home price appreciation outpacing income growth, spiking mortgage rates and more lenient underwriting ...
Filed Under | affordabilitymortgage
July 12, 2019 by Zelman & Associates
From 2011-18, national existing home prices and apartment rents have climbed by 50-55% and 35-40%, respectively, easily outpacing 17% income growth for non-supervisory and production employees that represent the vast majority of the employment ...
Filed Under | affordabilitydemographics
June 14, 2019 by Zelman & Associates
Earlier this week, Redfin, the technology-enabled real estate brokerage, published a study on the valuation premium associated with a garage versus a similar property without one. Across its national analysis, the average premium realized for ...
Filed Under | affordabilityexisting home salesnew home sales
April 05, 2019 by Zelman & Associates
According to the Bureau of Economic Analysis (BEA), personal consumption expenditures totaled $13.9 trillion in 2018, up 4.7% year over year versus a 5.0% increase in disposable income, which was aided by wage growth and tax reform. The BEA ...
Filed Under | affordabilitymacro housing
February 08, 2019 by Zelman & Associates
In 2018, we estimate that the monthly payment for a typical entry-level homebuyer increased 11% year over year, inclusive of principal, interest and mortgage insurance. The spike was driven by an approximate 40 basis point increase in 30-year ...
Filed Under | affordabilityentry-levelmortgage
January 11, 2019 by Zelman & Associates
In its most recent monthly release for November 2018, the National Association of Realtors (NAR) reported that the median price for existing home closings was $257,700, bringing the year-to-date figure to $257,500. With approximately 40% of ...
Filed Under | affordabilityhome pricing
November 16, 2018 by Zelman & Associates
Over the last year, home price appreciation has averaged roughly 5.5% across the country while the typical 30-year fixed mortgage rate has expanded by almost exactly 100 basis points. A simple calculation results in the average monthly mortgage ...
Filed Under | affordabilitymortgage
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