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Tag: homeownership

High-End Housing in Focus as Loan Limits Rise

December 06, 2021 by Kevin Kaczmarek & Ryan McKeveny

While housing’s strength since the pandemic began has been fairly broad-based, it is informative to delineate sales trends by price point. Although overall existing home sales have started to inflect lower on a year-over-year basis in recent months, the high-end segment of the market has continued to post growth, remaining…
Will Media Narrative Surrounding Homeownership Declines Embolden Already-Aggressive Built-for-Rent Developers?

November 18, 2021 by Alan Ratner

In recent weeks, a number of media headlines have pointed to a “plummeting" interest in homeownership as a by-product of the pandemic, seemingly justifying the massive push towards purpose-built single-family rental communities as households seek out the flexibility of renting along with the benefits of the single-family lifestyle. The narrative...
Labor Shortages Abound, Not So For Realtors Chasing Robust Pricing

October 27, 2021 by Ryan McKeveny

With severe labor shortages throughout the economy, including in the construction sector, one area seeing fairly unfettered expansion is the real estate agent community, encouraged by the housing market’s strength over the last 18 months and low barriers to entry. The National Association of Realtors’ membership, a rough proxy for industry-wide agent count, has reached its highest level ever...
Is the "Pig in the Python" Back?

June 24, 2021 by Ivy Zelman & Rachel Rockey

In 2009, when distressed activity was top of mind, we were vocal in our concern that the buildup of foreclosure moratoriums was portraying a false sense of security at a time when industry participants and investors were hoping for a bottoming out in the market. Our views were justified as...
High-End Housing is Back, and For Now, It’s Outperforming

December 17, 2020 by Ryan McKeveny & Dennis McGill

Alongside the broad-based 2H20 surge in homes sales, home prices and housing demand more generally, a notable undertone has been relative outperformance within the high-end segment of the market. What had easily been the most subdued piece of the housing puzzle in 2018 and 2019 has shifted to an outsized contributor of growth...
 
Immigration Policy Likely to be a Net Positive for Housing Under Biden

December 07, 2020 by Ivy Zelman, Dennis McGill & Alan Ratner

With President-elect Joe Biden set to occupy the White House on January 20th, there has been a lot of discussion about the potential impact of tax reform, student debt forgiveness and a proposed homebuyer tax credit on the housing market. Ultimately, a lot will depend upon the outcome of...
Which Mortgage Lenders Are Attracting Young Borrowers? You Might Be Surprised

November 10, 2020 by Ivy Zelman, Dennis McGill & Kevin Kaczmarek

Some mortgage lenders emphasize the benefit of capturing “customers for life”, whereby they attract younger, often first-time homebuyers as borrowers, retain servicing rights and, ideally, complete one or more future originations from that same borrower. While many lenders tout their technology...
Data Conflict With Single-Family Rental Bull Thesis

October 18, 2019 by Zelman & Associates

We have always been of the opinion that the type of housing demanded by consumers is heavily dependent on demographic circumstances and life events. In general, single-family housing skews to families and suburban living while multi-family ...

The Latest on Homeownership and Housing Supply

July 26, 2019 by Zelman & Associates

Yesterday, the Census Bureau released its quarterly Housing Vacancy Survey (HVS), which is intended to measure the occupancy and ownership status of the nation’s housing stock. Although the second quarter release indicated a sequential decline ...

Income Analysis Suggests Future Firepower for Homeownership

May 03, 2019 by Zelman & Associates

For 1Q19, the Census Bureau’s Housing Vacancy and Homeownership Survey (HVS) estimated the national homeownership rate at 64.2%, unchanged from 1Q18. This is the first time out of the last eight quarters that homeownership did not increase ...