statistics

Home Value Appreciation Has Slowed Each Month This Year

| August 16, 2019

Annual home value appreciation decreased for the seventh straight month in July By Jeff Sorg, OnlineEd Blog (August 16, 2019) SEATTLE, Aug. 16, 2019 /PRNewswire/ — U.S. home value growth continues to slow, according to the July Zillow® Real Estate Market Reporti. The typical U.S. home is worth $229,000, up 5.2% from a year ago – this is the smallest …

Categories: Mortgage, Real Estate Tags: , , , , ,

The US Housing Market Gains Nearly $11 Trillion Since Bottoming Out in 2012

| January 3, 2019

Four of the ten most valuable housing markets are in California – Los Angeles, San Francisco, San Jose, and San Diego By Jeff Sorg, OnlineEd Blog (January 3, 2019) (SEATTLE) Jan. 3, 2019 /PRNewswire/ – The U.S. housing market is more valuable than ever, worth a cumulative $33.3 trillion in 2018. Since the market hit its lowest point in 2012, it has …

Categories: Mortgage, Real Estate Tags: , ,

National Housing Market Experiencing More Price Cuts

| August 16, 2018

Home value growth is slowing in almost half of the 35 largest U.S. metros By Jeff Sorg, OnlineEd Blog (August 16, 2018) (SEATTLE) Zillow®/PRNewswire – The share of home listings with a price cut is greater now than a year ago in two-thirds of the nation’s largest housing markets, according to a new Zillow® analysis. The share of listings …

Categories: Contractor, Mortgage, Real Estate Tags: , , , ,

Housing Starts Plummet 12%

| July 19, 2018

Housing Starts Collapse in June By Jeff Sorg, OnlineEd Blog (July 18, 2018) (Washington, D.C.) US Department of HUD – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for June 2018. Here’s how they stack up: Building Permits Privately-owned housing units authorized by building permits …

Categories: Contractor, Mortgage, Real Estate Tags: , ,

Housing Sentiment at New Survey High

| February 9, 2018

Share of consumers say it’s a good time to sell – buyer sentiment weakens By Jeff Sorg, OnlineEd Blog (January 9, 2018) (WASHINGTON, DC) Fannie Mae – The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 3.7 points in January to 89.5, reversing the decrease seen last month and reaching a new all-time survey high. The increase can be attributed …

Categories: Mortgage, Real Estate Tags: , , ,

Refinances Rise to 40% of Total Loans

| January 18, 2018

Closing rates increased across the board with closing rates on all loans increasing from 70.9 percent to 71.2 percent By Jeff Sorg, OnlineEd Blog (January 18, 2018) (PLEASANTON, Calif.) Ellie Mae – The percentage of refinances rose to 40 percent of all closed loans, up 1 percent from the month prior according to the December Origination Insight Report from Ellie …

Categories: Mortgage, Real Estate Tags: , , , ,

Nearly One Quarter of 2017 Home Sales Were Above the Asking Price

| January 12, 2018

The typical price increase for homes that sold above the listed price was 3.1 percent By Jeff Sorg, OnlineEd Blog (January 12, 2018) (SEATTLE, Jan. 11, 2018 /PRNewswire/) — Buyers paid more than the asking price in nearly one quarter (24 percent) of U.S. home sales in 2017, netting sellers an additional $7,000 each. Five years ago, 17.8 percent of …

Categories: Mortgage, Real Estate Tags: , ,

HUD Reports Home Sales Rise 26.6 Percent (±16.6 percent)

| December 22, 2017

Median Sale Price Hits $377,100 By Jeff Sorg, OnlineEd Blog (December 22, 2017) (WASHINGTON, D.C. – HUD) Sales of new single-family houses in November 2017 were at a seasonally adjusted annual rate of 733,000. This is 17.5 percent (±10.4 percent) above the revised October rate of 624,000 and is 26.6 percent (±16.6 percent) above the November 2016 …

Categories: Mortgage, Real Estate Tags: , , ,