Tag: existing home sales
Could Tight For-Sale Inventory Depress Consumer Enthusiasm Shortly?
August 25, 2017 by Zelman & Associates
Yesterday, the National Association of Realtors released its estimate for July existing home closings. Adjusted for seasonality, transactions were up 2% year over year, leaving the trailing three-month average increase at a similar 2% level ...
Filed Under
existing home salesmacro housing
House “Flipping” Hints at Redevelopment of Stale Existing Home Inventory
June 16, 2017 by Zelman & Associates
Last week, ATTOM Data Solutions released its quarterly Home Flipping Report, meant to quantify homes that were purchased and sold within a 12-month period in an arms-length transaction. Historically, we believe that house flipping has carried ...
As Boomers Age in Place, Less Inventory Available For Sale
February 24, 2017 by Zelman & Associates
In 2016, existing home sales increased 4%, which is consistent with the long-term median increase, despite a strong employment backdrop, accelerating household formations and elevated consumer confidence toward housing. Unfortunately, the market ...
Filed Under
baby boomersdemographicsexisting home sales
Ends of Income Spectrum Shaping Current Story of Existing Home Sales
September 23, 2016 by Zelman & Associates
Each month as part of our private homebuilder survey, we ask our contacts to rate new home demand by price point on a 0-100 scale. In August, the entry-level segment was rated at 67.3, representing the strongest of the five price points for ...
Filed Under
existing home salessurvey
What to Make of Strong New Home Sales and Weak Existing Home Sales?
August 26, 2016 by Zelman & Associates
For many looking from afar, the release of new and existing home sales in July was likely a bit puzzling. Seasonally-adjusted new home sales, according to the Census Bureau, posted a recovery high and were up 31% year over year. Meanwhile, ...
Filed Under
existing home salesnew home salessurvey
affordabilityapartmentsbaby boomersbuild-for-rentconstruction lendingdemographicsentry-levelexisting home saleshome improvementhome pricinghomebuildinghomeownershiphousehold formationhousinghousing startsinstitutional investorsinterest ratesmacro housingmillennialsmortgagemortgage ratesnew home salesreal estate servicesrefinancesg&asingle-family rentalstocksstudent debtsupplysurvey