Tag Archives: Chief Economist

Depression Begone! Home Prices Set Record in April

(Read More: Home Builders Slow New Construction, Raise Prices) Concerns about rising mortgage rates, which spiked in to the mid-4 percent range in just the past week, have dampened expectations for home price gains this summer. Analysts also worry that … Continue reading

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Home Builders Slow New Construction, Raise Prices

(Read More: Home Builder Confidence Hits 7-Year High) “What are they so excited about?” asked Hunter. “That they have pricing power.” Housing completions fell 0.9 percent to an annualized rate of 690,000, well below demand. Underlying demand consists of new … Continue reading

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Bay Area housing inventory drops by 30 percent

Fewer Bay Area homeowners listed homes for sale in June than last the same month last year.  Blanca Torres Reporter- San Francisco Business Times Email  | Twitter  | Google+  | LinkedIn Housing inventory was down by more than 30 percent during the past … Continue reading

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As Prices Rise, Banks Repossess More Homes

“Inventory will likely remain below year-ago levels for a while yet, as builders ramp up capacity and sellers wait to squeeze every drop of equity from their home before listing,” Zillow’s chief economist Stan Humphries said in a release. “But … Continue reading

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Short Supply Pushes Home Prices to Seven Year High

“House price growth continues to surprise to the upside,” said Dr. Mark Fleming, chief economist for CoreLogic. “Increasing demand for new and existing homes, coupled with low inventory, has created a virtuous cycle for price gains, most clearly seen in … Continue reading

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