Tag Archives: statistics

Homeless Population Increases as Rents Rise

Portland and Seattle have declared states of emergency in response to the number of people experiencing homelessness By Jeff Sorg, OnlineEd Blog (PORTLAND, Aug. 3, 2017/Zillow®/) Rising rents urban areas are creating crisis levels of homelessness that will continue or accelerate as rents rise, Zillow® research has found. The connection between homelessness and increasing rents is especially strong […]

Home Buying a Strong Boost to Overall Economy

In their first year of ownership, new home buyers spend about $10,601  By Jeff Sorg, OnlineEd Blog (July 14, 2017) A new consumer spending analysis from the National Association of Home Builders (NAHB) highlights another reason why home building helps drive a healthy economy: In their first year of ownership, new home buyers spend about $10,601 […]

Redfin Study: Middle-Class African-Americans and Hispanics Priced Out of Hot West Coast Markets

Fewer than five percent of homes for sale in Portland, Los Angeles, and Denver were affordable on median African-American and Hispanic incomes in 2016 By Jeff Sorg, OnlineEd Blog (June 30, 2017) In 2016, just 18 percent of homes for sale in the 30 largest U.S. metros were affordable for middle-class Hispanic families and 14 […]

First-Ever Report to Track the Entire First-Time Homebuyer Market

Home sales to first-time homebuyers up 11% during First Quarter 2017 By Jeff Sorg, OnlineEd Blog (June 12, 2017) RICHMOND, VA., June 8, 2017 – Over the past 10 years, three million first-time homebuyers have been kept out of the home purchase market, according to Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. […]

Builder Confidence Holds Firm in April

All three components posted losses in April By Jeff Sorg, OnlineEd Blog (April 18, 2017) NATIONAL ASSOCIATION OF HOME BUILDERS – Builder confidence in the market for newly-built single-family homes remained solid in April, falling three points to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) after an […]

Stats Say The Best Time to List is in Early May

On average homes listed in early May sell nine days faster and for one percent more  OnlineEd Blog (March 2, 2017) – Zillow– Listing a home toward the end of spring significantly increases a seller’s chances of selling their home faster and for more money, according to new analysis from Zillow. Nationally, homes listed from May 1 […]

Pending Home Sales Weaken

Pending home sales fell 2.8% in January in the National Association of Realtors® Pending Home Sales Index OnlineEd Blog WASHINGTON D.C. (February 27, 2017) — Insufficient supply levels led to a lull in contract activity in the Midwest and West, which dragged down pending home sales in January to their lowest level in a year, […]

Los Angeles Housing Market is the Most Valuable Metro Area, Worth $2.5 Trillion

U.S. housing market regains value lost during the housing crisis By Jeff Sorg, OnlineEd Blog (December 30, 2016) – Zillow® is reporting that the housing market saw a strong year of appreciation, growing 5.7 percent in value, or $1.6 trillion. The U.S. housing market has regained all the value lost during the housing crisis. The cumulative […]

Home Values Appreciated at Their Fastest Annual Pace Since August 2006

Portland home values rose 14 percent to a median value of $351,800 By Jeff Sorg, OnlineEd Blog (December 23, 2016) –  In November, national home values rose at their fastest annual pace since 2006, near the peak of the housing bubble. The Zillow® Home Value Index (ZHVI) is $192,500, 2 percent shy of the records set in […]

Redfin Housing Demand Index Cooled in October

After a Strong September, Fewer Buyers Toured Homes and Made Offers in October By Jeff Sorg, OnlineEd Blog (December 1, 2016) – The Redfin Housing Demand Index declined 3.5 percent to a seasonally-adjusted level of 100 in October, according to Redfin (www.redfin.com), the next-generation real estate brokerage. A level of 100 represents the historical average for […]