Tag: home pricing

Zillow Has Ambitious iBuyer Goals, but Its Own Price Index Missed Market Shift

May 17, 2019 by Zelman & Associates

With more than 180 million unique monthly users of Zillow’s website or mobile app, the brand is clearly a dominant force with consumers. While it has historically monetized this audience indirectly through advertising sold to real estate professionals, ...

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Filed Under | home pricingsurvey

Industry Executives Quicker to Respond to Market Shifts than Economists

January 11, 2019 by Zelman & Associates

With total home closings estimated to have declined 2% in 2018, the first contraction since 2011, and inventory higher on a year-over-year basis for the first time since 2014, the home price appreciation outlook is coming under greater scrutiny ...

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Filed Under | home pricingsurvey

Why an Often-Cited Existing Home Price Measure is Probably Wrong

January 11, 2019 by Zelman & Associates

In its most recent monthly release for November 2018, the National Association of Realtors (NAR) reported that the median price for existing home closings was $257,700, bringing the year-to-date figure to $257,500. With approximately 40% of ...

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Filed Under | affordabilityhome pricing

Has the New Home Premium to Existing Homes Gotten Too Wide?

October 05, 2018 by Zelman & Associates

Of late, there is an argument surfacing that new home pricing has become too expensive relative to the existing home alternative. It goes something like this: the median new home price reported by the Census Bureau over the last four quarters ...

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Filed Under | affordabilityhome pricinghomebuilding

Affordability Reportedly at 10-Year Low – Is it Fear Mongering?

August 24, 2018 by Zelman & Associates

Two weeks ago, the National Association of Home Builders (NAHB) published its Housing Opportunity Index, which is intended to frame housing affordability across the country. The index is calculated on a 0-100 scale, with higher values aligned ...

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Filed Under | affordabilityhome pricing

Real Estate is Local, but the Macro Can Make or Break Your Business

July 13, 2018 by Zelman & Associates

All real estate is local. That is a truism rarely doubted. It is often meant to convey that location matters more than most else and can often overcome other challenges. Taken further, many housing market executives spend an exorbitant amount ...

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Filed Under | home pricingmacro housing

Is the Entry-Level Affordability Crunch Real?

March 23, 2018 by Zelman & Associates

In 2017, the median existing home sold in the United States cost approximately $206,250, according to CoreLogic’s public record database, which we view as an appropriate proxy for the entry-level price point. That was 5.3% higher than in 2016, ...

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Filed Under | affordabilityhome pricingmacro housing

With Limited New Home Price Data, Where Do Prices Really Stand Versus Peak?

July 14, 2017 by Zelman & Associates

There are various price indices that track existing home trends with sophisticated algorithms that rely on repeat sales transactions to produce high-quality datasets, including CoreLogic, Case-Shiller, the Federal Housing Finance Agency and ...

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Filed Under | affordabilityhome pricingnew home sales

Don’t Be Confused, A Good Time to Sell is a Good Thing to Hear

June 16, 2017 by Zelman & Associates

Beginning in mid-2010, Fannie Mae began publishing a monthly survey of approximately 1,000 households, canvassing various perceptions related to the housing market and economy. One of the questions asked monthly is: “In general, do you think ...

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Filed Under | home pricing

Despite Home Price Strength, Entry-Level Affordability Still Screens Favorably

June 02, 2017 by Zelman & Associates

There are numerous home price measures that are provided by the government and private entities, both for free and at a charge, that offer market participants a general understanding of national pricing. Given a very high correlation across ...

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Filed Under | affordabilityentry-levelhome pricing