Posts from September 2016
Consumer Misperception of Mortgage Credit Leaves Opportunity
September 23, 2016 by Zelman & Associates
For industry executives primarily dependent on the housing market for revenue, it is widely understood that consumers can secure a mortgage with less than 20% down – the benchmark that was more common in prior generations but has now shifted ...
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
The Fed Watch: What Does Next Raise Mean for Mortgage Rates?
September 09, 2016 by Zelman & Associates
The Federal Open Market Committee (FOMC) is scheduled to announce its next policy rate decision on September 21st, putting the trajectory of interest rates back into the media headlines. Last December, the FOMC raised the target for the federal ...
Filed Under
mortgage rates
After Strong Home Price Increases This Cycle, Affordability Still Screens Favorably
September 09, 2016 by Zelman & Associates
There are numerous home price measures that are provided by the government and private entities, both for free and a charge, that offer market participants a general understanding of national pricing. Given that all of the datasets have their ...
Filed Under
affordabilityhome pricing
Facts Behind “Millennials” and Home Purchases
September 09, 2016 by Zelman & Associates
It seems that not a day goes by that a major news outlet does not mention the term “Millennial,” typically with a focus on how this generation is likely to impact the economy as it ages. The term Millennial was initially used to describe young ...
Filed Under
demographicsentry-levelmillennials
affordabilityapartmentsbaby boomersbuild-for-rentconstruction lendingdemographicsentry-levelexisting home saleshome improvementhome pricinghomebuildinghomeownershiphousehold formationhousinghousing startsinstitutional investorsinterest ratesmacro housingmillennialsmortgagemortgage ratesnew home salesreal estate servicesrefinancesg&asingle-family rentalstocksstudent debtsupplysurvey