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US Real Estate and Housing Market: Mid-2016 Update
The latest data out of the US this week shows sales of new single-family homes likely grew at a rate of 530,000 units in June, up 8.6 per cent from a 488,000 annualized pace in May, the Mortgage Bankers Association said Thursday. June’s estimated pace of sales was up 7 per cent from a year…
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US House Prices : April 2016
Housing market analysts do not appear moved by an April surge in pending and new home sales. New US single-family home sales recorded their biggest gain in nearly a quarter century in April, touching a more than eight-year high. Property analysts are forecasting a steady 5.4 million unit annualized pace of existing home sales over…
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US House Sales : May 2016
“May US home sales increased at a rate that’s slightly higher than the average monthly increase,” said Dave Liniger, RE/MAX CEO and Chair, to National Mortgage Professional Friday. “This is despite the fact that inventory in many markets remains very low. At the same time, interest rates appear to have stabilized, which helps encourage potential…
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US Real Estate, Home Sales, Prices
“US housing starts in May rebound in year-over-year terms, rising 9.5 per cent. That’s a refreshing change from April’s mild decline. Nonetheless, Friday’s update reflects a relatively subdued rate in residential housing construction vs. recent history,” said James Picerno on Seeking Alpha Friday. US Real Estate James Picerno, Seeking Alpha The mixed profile of this…
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US Price-to-Rent Ratio: March 2016
On a price-to-rent basis, the Case-Shiller National index is back to August 2003 levels, the Composite 20 index is back to June 2003 levels, and the CoreLogic index is back to October 2003. US Price-to-Rent Ratio The year- over-year increase in the Case-Shiller National House Price Index is mostly moving sideways, now around 5 per…
