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.
Emily Badger / The Atlantic Cities / November 14, 2013
Since the start of the recession, median home values have dropped across America’s largest cities: in New York (by about $40,400), in Los Angeles ($124,100), in Phoenix ($80,400) and Miami ($94,300). Thirty-five of the 50 largest cities in the country saw a significant decline, comparing the American Community Survey data from 2010-2012 to the 2007-2009 stretch encompassing the recession.
Slice the data at the county level, and the number is even higher: Home values dropped in 43 of the 50 largest counties.
The remaining counties – places where home values held steady or even inchedRead More
Svenja Gudell / Zillow / July 22, 2013
Zillow’s second quarter Real Estate Market Reports , released today, show home values increased 2.4% from the first quarter of 2013 to the second quarter of 2013 to $161,100 (Figure 1). This quarter marks the largest annual gain since August 2006 and largest quarterly gain since the fourth quarter of 2005. On an annual basis, the Zillow Home Value Index (ZHVI) rose 5.8% from June 2012 levels. Monthly appreciation remains strong with national home values growing by 0.9% from May. Not only did the pace of home value appreciation quicken in the second quarter, but the recovery also fullyRead More
Shalia Dewan / The New York Times / June 25, 2013
Mortgage rates may be inching up, but they have not put a damper on the American housing market’s rebound.
The Standard & Poor’s Case-Shiller home price index on Tuesday showed a 12 percent increase in prices in 20 cities from April 2012 to April 2013, the largest gain since early 2006, when home values began to level off in advance of the market collapse. The rate of new-home sales also picked up to its quickest pace since July 2008.
The gains added to months of stronger showings in housing, a market that can infuse the economy with spending on big-ticket items like furniture and dishwashers.Read More
Stan Humphries / Zillow / April 24, 2013
Zillow’s first quarter Real Estate Market Reports, released today, show home values increased 0.5% from the fourth quarter of 2012 to the first quarter of 2013 to $157,600 (Figure 1). This quarter marks five consecutive quarters of national home value appreciation. On an annual basis, the Zillow Home Value Index (ZHVI) rose 5.1% from March 2012 levels (Figure 2). While home values are still experiencing above normal annual home value appreciation we are seeing signs of deceleration. Monthly appreciation, albeit positive, has been continuously getting smaller, and nationalRead More
AOL Real Estate Editors / AOL Real Estate / January 8, 2013
Though one of the biggest sighs of relief for the housing market last year was a decrease in foreclosure activity across the country, not every city followed the trend. As online foreclosure marketplace RealtyTrac noted, some metros actually experienced an uptick in foreclosure starts and foreclosure completions for the year. And that means one thing: Those cities can expect an influx of foreclosure home sales in 2013.
If you’re looking for a bargain on a home, then the cities below are where you’ll want to be this year, as foreclosures are often sold at deep discounts. Of course,Read More