News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Jed Kolko / Trulia / June 6, 2013
Asking prices are up 16.3% year-over-year in America’s least affordable metros – far ahead of the overall national increase of 9.5%.
The Trulia Price Monitor and the Trulia Rent Monitor are the earliest leading indicators of how asking prices and rents are trending nationally and locally. They adjust for the changing mix of listed homes and therefore show what’s really happening to asking prices and rents. Because asking prices lead sales prices by approximately two or more months, the Monitors reveal trends before other price indexes do. With that, here’s the scoop onRead More
Richard Florida / The Atlantic Cities / May 9, 2013
Homeownership is a vaunted cornerstone of the American Dream. It’s long been viewed as providing a path to financial security and the good life. And it’s often posed as a barometer of the health of the economy writ large. it’s been center stage, after all, in the ongoing conversation about the economic crisis and recovery. The American government has provided substantial incentives to spur homeownership for decades.
But, in recent years, a growing chorus of economists have argued that America may have gone overboard in its pursuit of homeownership. They suggest that highRead More
Susan Johnston / US News & World Report / May 6, 2013
Things are starting to look up for Americans who lost their homes during the recession
For the millions of Americans who lost their homes in a foreclosure or short sale during the recession, things are starting to look up. In addition to receiving a piece of the $3.6 billion settlement that banks are distributing to borrowers who were wrongfully foreclosed on, some homeowners are now becoming “boomerang buyers” and re-entering the market after a foreclosure or short sale.
Neal Katz, a mortgage agent at All Western Mortgage in Las Vegas, says he fields calls from a number of peopleRead More
Frank Anton / BUILDER / April 3, 2013
The housing industry could use a modern-day version of the original king of low-cost housing.
Not surprisingly the homeownership rate of Americans with family incomes of more than $50,000 is higher than the homeownership rate of families with lower incomes. (An aside: 90% of households with incomes greater than $150,000 own a home!) And not surprisingly most builders target higher-income buyers, which is one reason the median price of a new home is about $230,000 and was as high as $270,000 in 2005.
I bet Bill Levitt, were he alive today, would see the situation as an opportunity. Remember,Read More
How Housing Matters Survey Finds American Attitudes Transformed by Housing Crisis, Changes in Lifestyle
MacArthur Foundation / April 3, 2013
After decades of equating homeownership with the American Dream, post-housing crisis realism about the risks and rewards of owning a home have led to greater support for rental housing and a more balanced approach in national housing policy, according to a new survey of housing attitudes released today.
The How Housing Matters Survey, a new national survey conducted by Hart Research Associates and commissioned by the MacArthur Foundation, found while financial markets, as well as homebuilding and home sales data, may suggest the prolonged housing crisis is over, the American public isRead More