Tag: existing home sales

A Fair Premium for New Homes Versus Existing Stock a Complicated Topic

June 14, 2019 by Zelman & Associates

Earlier this week, Redfin, the technology-enabled real estate brokerage, published a study on the valuation premium associated with a garage versus a similar property without one. Across its national analysis, the average premium realized for ...

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Filed Under | affordabilityexisting home salesnew home sales

Where are the iBuyers Heading Next?

April 19, 2019 by Zelman & Associates

In recent years, iBuyers have gained notable attention and become a widespread topic of debate. Effectively the new-age version of “We Buy Ugly Houses”, which has been around since 1989, iBuyers charge sellers 7-10% of their home value in exchange ...

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Filed Under | existing home salesinstitutional investorsreal estate services

What Percentage of First-Time Buyers Will Never Leave? Higher Than You Think

February 09, 2018 by Zelman & Associates

In 2017, we estimate that there were approximately 6.4 million home closings, inclusive of existing home transactions and new construction. We further estimate that 79% of these homes were purchased by owner-occupants, as opposed to investment ...

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Filed Under | demographicsentry-levelexisting home sales

Could Tight For-Sale Inventory Depress Consumer Enthusiasm Shortly?

August 25, 2017 by Zelman & Associates

Yesterday, the National Association of Realtors released its estimate for July existing home closings. Adjusted for seasonality, transactions were up 2% year over year, leaving the trailing three-month average increase at a similar 2% level ...

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Filed Under | existing home salesmacro housing

House “Flipping” Hints at Redevelopment of Stale Existing Home Inventory

June 16, 2017 by Zelman & Associates

Last week, ATTOM Data Solutions released its quarterly Home Flipping Report, meant to quantify homes that were purchased and sold within a 12-month period in an arms-length transaction. Historically, we believe that house flipping has carried ...

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Filed Under | existing home saleshome improvementmacro housing

As Boomers Age in Place, Less Inventory Available For Sale

February 24, 2017 by Zelman & Associates

In 2016, existing home sales increased 4%, which is consistent with the long-term median increase, despite a strong employment backdrop, accelerating household formations and elevated consumer confidence toward housing. Unfortunately, the market ...

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Filed Under | baby boomersdemographicsexisting home sales

Ends of Income Spectrum Shaping Current Story of Existing Home Sales

September 23, 2016 by Zelman & Associates

Each month as part of our private homebuilder survey, we ask our contacts to rate new home demand by price point on a 0-100 scale. In August, the entry-level segment was rated at 67.3, representing the strongest of the five price points for ...

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Filed Under | existing home salessurvey

What to Make of Strong New Home Sales and Weak Existing Home Sales?

August 26, 2016 by Zelman & Associates

For many looking from afar, the release of new and existing home sales in July was likely a bit puzzling. Seasonally-adjusted new home sales, according to the Census Bureau, posted a recovery high and were up 31% year over year. Meanwhile, ...

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Filed Under | existing home salesnew home salessurvey