Blog
Case-Shiller Results – Home Price Appreciation Still Strong
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index (for all nine US Census Divisions), was up 6.3% year over year for February 2018. The 10-City and 20-City Composites were also up, 6.5% and 6.8% respectively, year over year. The 20-city composite saw...
Mortgage Originations: Purchases Show Measured Increases
The steady decrease in rates since 2000 when mortgage rates were around 8.5% fueled the refinance activity over the years. The chart below (source: Mortgage Bankers Association) shows that purchases have steadily increased since 2011 (red), and that refinances have...
Balboa Island Price Index (BIPI) ™, Q1 2018 Results
According to the Balboa Island Price Index (BIPI), Q1 2018 interior lots were valued at $1,913,050, down 1% when compared to the same period in 2017, and virtually unchanged when compared to the previous month (see chart below). The BIPI has steadily increased since...
Orange County UCLA Anderson Economic Forecast
I had the pleasure on 3/28/18 of attending the Orange County UCLA Anderson Economic Forecast. I wanted to share with you the takeaways from the presentations: General Economy The current economy is characterized by stimulative fiscal policy on a fully employed...
Orange County Home Prices and the OCHPI
With the 1st quarter data in the books, we will be releasing the results of various indices over the next few weeks. We will start with Orange County. According to CAR, the February Orange County Median Home Price for an existing single-family detached homes was...
Home Prices and Interest Rates
The FED interest rate hike and the Case-Shiller January results. The Fed increased the federal funds rate from 1.5% to 1.75% on 3/21/2018. This is the highest level since 2008 and most economists are predicting two more rate increases this year. These increases...
Case-Shiller Results for 2017
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index (for all nine US Census Divisions), was up 6.3% year over year for the end of 2017. The 10-City and 20-City Composites were also up, 6.0% and 6.3% respectively, year over year. See the full press...
Housing Inventory and Building Starts
Housing starts were up 7.3% (annualized rate of 1,326,000 units) and building permits were up 7.4% (annualized rate of 1,396,000). The growth in permits was the highest since 2007. (Source: Census Bureau and HUD) While these numbers are very positive for housing,...
Real Estate Values & Stock Prices: Where are They Headed?
Since the FED implemented its quantitative easing program in 2010 in order to stimulate the economy, real estate and stocks have been the two main asset classes that have benefitted the most (see chart below). When trying to predict the effect that higher interest...
Newport Beach Home Price Index (NBPI)® Q4 2017
The results for the Q4 NEWPORT BEACH HOME PRICE INDEX (NBHPI) are shown in the graph below. The average price for a single family home in Newport Beach was $2,971,131. This was up 8.44% from the previous year, and just 2.17% below the peak level in 2007. Since 2000...
Dave’s Top 10 Economic and Other Factors You Should Be Following(1/23/2018)
With new tax laws in effect, low affordability, constrained inventory levels and increasing interest rates there are a number of factors to follow that may affect real estate. I gave the first 2018 "Dave's Top 10" this morning - Enjoy! [pdf-embedder...
Dave’s Top 10 Economic and Other Factors REALTORS® Should Be Following Today – Hot off the Press
Familiarity with these ten factors will enable you to address questions you or your clients may ask about the real estate market, especially about real estate values and where they may be headed. Click here for the article: Dave's Top...