Tag Archives: statistics

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 […]

White and Asian Borrowers More Likely to be Approved for a Conventional Loan

Black and Hispanic applicants twice as likely to be denied mortgages By Jeff Sorg, OnlineEd Blog (November 3, 2016 – Zillow) White and Asian borrowers are more likely to be approved for a conventional loan than black or Hispanic borrowers, according to the latest federally released data from the Home Mortgage Disclosure Act (HMDA). The disparity […]

First-time Buyers, Single Women Gain Traction in NAR’s 2016 Buyer and Seller Survey

 For-sale-by-owner transactions remained at an all-time low for the second straight year (November 1, 2016) – WASHINGTON  — The quickening pace of home sales over the past year included a small rebound from two key segments of buyers who have been missing in action in recent years: first-time buyers and single women. This is according to the […]

Portland, Dallas, and Seattle Report the Highest Year-Over-Year Home Value Appreciation

Rents in Seattle are up just over 9 percent and in Portland, rents are up 7 percent By Jeff Sorg, OnlineEd Blog (October 20, 2016) –  U.S. home values are up 5.5 percent over the past year according to the September Zillow® Real Estate Market Reports. This is the fastest pace of appreciation in more than two […]

Half of Today’s Home Buyers are Under 36

Millennials driving the housing market By Jeff Sorg, OnlineEd Blog (October 18, 2016) –  Half of today’s U.S. home buyers are under 36 and reflect an increasingly racially diverse middle-class according to the first annual Zillow Group Report on Consumer Housing Trends. As the U.S. housing market nears full recovery and the Millennial generation matures, 47 […]

Homeowners Confident About Current Market but Renters Worry

A majority of homeowners believe now is a good time to sell By Jeff Sorg, OnlineEd Blog (September 2, 2016) – According to the latest Zillow® Housing Confidence Index, homeowners are feeling more confident that now is a good time to sell, but renters are feeling uncertain they’ll be able to afford to buy. Just 38 […]

July 2016 Housing Starts Climb 5.6% Over July 2015

New residential construction report for July 2016 By Jeff Sorg, OnlineEd Blog (August 18, 2016) – The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for July 2016: BUILDING PERMITS Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate […]

Homes are Flying Off the Market Faster Than Any Time Since 2010

 Homes are selling fast in spite of low supply By Jeff Sorg, OnlineEd Blog (July 22, 2016) Zillow –  Homes are selling an average of a week faster than they did a year ago, according to the June Zillow® Real Estate Market Reports. Tight inventory continues to be a major factor for home shoppers. The supply of […]

Listings with Warm, Neutral Colors Sell for More Money

Wheat-Colored Yellow kitchens bring more money than white kitchens By Jeff Sorg, OnlineEd Blog (June 23, 2016) –  A home’s paint colors can have a notable impact on its final sale price. According to a new analysis from Zillow Digs, for-sale listings with rooms painted in sage green or wheat yellow can sell for as much […]