Multifamily construction pushes housing starts Multifamily decline pushes housing starts down Wednesday, October 17, 2018 [Washington] Led by a drop in multifamily production, total housing starts fell 5.3 percent in Sept. to a seasonally adjusted annual rate of 1.2 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce.
Zillow: Housing recovery slows to steadier pace Confidence among U.S. homebuilders dropped in May to the lowest level in a year, showing the residential real estate market may be slow to recover after an unusually. reality of a continuing but.
LPS: US loan delinquency rate edges up 2.63% Serious credit card delinquency rates increased in Q1 2018 to 1.78%, though it remains below the 10-year first quarter average of 1.91%. The average card debt per borrower also rose, up 2.63% to $5,472 in Q1 2018 from $5,332 in Q1 2017.
A survey of 110 economists, real estate experts, investment and market strategists predict future home values will instead post appreciation that is closer to pre-bubble norms of 3%-5% per year, according to the Zillow Home Price Expectations Survey. On average, they predict national home price growth of 4.5% through the fourth quarter of 2014.
The national housing recovery in the United States kicked into high gear in the second quarter of 2013 as home value appreciation spread and accelerated after a relatively slow start to the year. The Zillow Home Value Index rose to $161,100 as of the end of the second quarter, up 5.8% year on year.
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· Happy news for homeowners on the coast: The seaside real estate market is on the upswing, with increases in home sales and significant price appreciation in beach towns across the country. Recent reports from Fortune, the National Association of Realtors, and others point to a slow recovery (but a recovery nonetheless). Combine that with October’s rise in existing home sales (the.
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Conversations about the current housing market often have good news/bad news scenarios. Case in point, a recent report from Zillow, the real estate website. are more challenging than just waiting.
The pace. homes for sale,” Svenja Gudell, chief economist for real estate website Zillow, said in a statement. “What’s more, those homes that are for sale are increasingly unaffordable for.
February represents the first month since May 2013 in which the pace of annual home value appreciation in a given month was less than 5 percent. On the surface, it may be tempting to wonder if this slowdown in appreciation is a bad sign, signaling that the robust recovery in home values we’ve been enjoying thus far is near an end.
Where Does the Housing Recovery Stand Now?. according to the Zillow Home Value Forecast.. And full recovery could take even longer, as the pace of home value appreciation is expected to slow.