Tag Archives: Pound Ridge Luxury Real Estate

Dealing with home emergencies | Pound Ridge Real Estate

Grease Fire in the Kitchen

Grease Fire in the Kitchen

Home emergencies are best planned out before the case of an emergency. Never use water to put out a grease fire – it splashes the grease around and often makes things worse. Instead, look around for a handy metal lid from a nearby pot (a wok lid, for example, is ideal). Cover the fire with the lid until it suffocates and dies down. Then carefully remove the hot lid to observe the damage. If a lid is not around, carefully douse the fire with baking soda. Sorry, but your food is probably finished. Plus: How to Prevent Home Fires

Burst and Broken Pipes

Burst and Broken Pipes

Your home has a main water valve – often in the basement or near the front of the house – that controls the flow of water: If you have a bad leak, you need to turn this valve off immediately to prevent expensive water damage (this is also a good preventative step if you are leaving the house during winter). Then inspect the pipes to find out what is damaged and needs to be replaced. If freezing water caused your pipes to burst, you should also consider pipe insulation.

Furnace Failure

Furnace Failure

Remember to shut down electrical power to your furnace before taking a look inside. If you have a gas furnace, check to see if the pilot light has gone out and needs to be re-ignited. If the pilot light isn’t the problem, look for signs of damaged wiring or burnt out switches and sensors to narrow down the problem. Make sure the fan and motor are also working. If any of these components have failed, call a professional about a repair date. Photo: Neil Lockhart/Shutterstock

Overflowing Toilet

Overflowing Toilet

Toilets typically overflow when they can’t stop running and cannot drain properly. First, stop the flow by turning off the valve in the back of the toilet near the wall, which shuts down water. Quickly mop up standing water before it causes any damage, then look for the source of the problems. First look for issues with the fill tube and float that may keep the toilet running, then look for clogs and other issues that are keeping the toilet from draining.

Broken Windows

Broken Windows

Pull on thick gloves and carefully inspect the damage. Pick up any glass shards and remove any jagged, dangerous edges while noting the extent of the damage. You can seal the window by taking a trash bag and cutting it with scissors to fit the window opening. Tape several layers of this bag plastic to the window’s frame with duct tape. Window repair professionals typically offer same-day repairs if you don’t have enough time for a DIY project.

Power Outage

Power Outage

Pull out your phone for a guiding light and make sure everyone is OK. Then check nearby homes and streetlights: If they still have power, you should check your breakers to see if there was an overload or other problem that caused the shutdown. If everyone has lost power, call up your power company (or visit online) to document the power loss and get information about repair times. If the outage is going to last at least several hours, start making plans to put refrigerator or freezer perishables on ice or toss them out.

Confirmed Mice in the House

Confirmed Mice in the House

Grab a flashlight and carefully inspect the perimeter both outside and inside your home. Look for three things: Droppings (a sign that mice are sticking around), signs of chewing/nests and any tiny crevices that mice may be using. Cover crevices with sealant or wire mesh to prevent further rodent problems and set a series of traps to get rid of mice in the house. If mice continue to appear, call up a professional inspector before they start causing structural damage.

Ant Infestation

Ant Infestation

If you notice trails of ants, remove the ants and thoroughly clean everywhere they’ve been with a vinegar spray to remove their trail scents. Then start looking for cracks and gaps in windows, doors, floorboards and other areas the ants may be emerging from. If you can’t narrow it down, set up ant traps and call a professional to see if you have a nearby nest. Remember, large black carpenter ants are a more serious threat to your home than other species and should be removed quickly.

Smoking Oven

Smoking Oven

Some light smoking is expected with brand new ovens or ovens with spilled oils or food. Clean the oven compartment thoroughly, making sure any oil or chemical residue is removed. For worse smoking problems, switch the oven off and open up windows around the house to encourage air flow (this is also a good time to see how sensitive your smoke detector is). If your oven is overcooking food, make sure the timer controls are working. Plus: Stove Repair

Leaking Water Heater

Leaking Water Heater

Check your temperature and pressure valve, a small faucet toward the top of the hot water heater. If the tank develops pressure issues, water will be evacuated from this valve: It’s not a leak, but it is a sign that you need to check wiring and settings. Real leaks from a broken valve or cracked tank are more serious: Shut down your water supply and consider your options. Repairs typically require fully draining the tank, which at least gives you an excuse to clean out any sediment at the same time.

Ceiling Leak

Ceiling Leak

If the ceiling is dripping, prevent water damage by gathering buckets or plastic sheets under the leak. Then climb to your crawlspace or attic and track down the source of the leak: This could be anything from a broken pipe to a damaged roof underlayment and the leak may be far from the source of the problem, so this requires some patience. If you cannot narrow down the source, call in an experienced professional. Meanwhile, get ready to patch and repair your ceiling. Bottom line is these types of home emergencies are best to be dealt with right away. Plus: 12 Roof Repair Tips
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https://www.familyhandyman.com/smart-homeowner/12-common-home-emergencies-and-how-to-deal-with-them/view-all/

US Builder Confidence Falls in September | Pound Ridge Real Estate

The NAHB Housing Market Index in the United States dropped to 64 in September 2017 from a downwardly revised 67 in the previous month. The reading came in way below market expectations of 67, as recent hurricanes have raised concerns about the availability of labor and the cost of building materials. All three HMI components posted losses in September but remain at healthy levels: current sales conditions fell 4 points to 70, sales expectations in the next six months dropped 4 points to 74 and buyer traffic slipped 1 point to 47. Nahb Housing Market Index in the United States averaged 49.52 from 1985 until 2017, reaching an all time high of 78 in December of 1998 and a record low of 8 in January of 2009.

United States Nahb Housing Market Index

 

Calendar GMT Actual Previous Consensus TEForecast
2017-07-18 02:00 PM NAHB Housing Market Index 64 66 67 66
2017-08-15 02:00 PM NAHB Housing Market Index 68 64 65 65
2017-09-18 02:00 PM NAHB Housing Market Index 64 67 67 66
2017-10-17 02:00 PM NAHB Housing Market Index 64 64.04
2017-11-16 03:00 PM NAHB Housing Market Index 64.23
2017-12-18 03:00 PM NAHB Housing Market Index  

Fewer investors flip homes in Q2 | Pound Ridge Real Estate

Investors flipped less homes during the second quarter as the returns decreased for the third consecutive quarter, according to the Q2 2017 U.S. Home Flipping report from ATTOM Data Solutions, a multi-sourced property database.

Home flipping dropped to 5.6% of all home sales during the second quarter, or 53,638 single-family homes and condos, down from 6.9% in the first quarter but unchanged from last year.

According to the report, a home flip is defined as a property that is sold in an arms-length sale for the second time within a 12-month period. The information is based on publicly recorded sales deed data collected by ATTOM Data Solutions in more than 950 counties accounting for more than 80% of the U.S. population.

Not only is home flipping down overall, but the average gross flipping profit also decreased for the third consecutive quarter, falling to $67,516 during the second quarter. This represents a 48.4% return on investment for flippers, down from 49% the previous quarter and 49.6% from the second quarter last year to the lowest level since the third quarter of 2015.

“Home flippers are employing a number of strategies to give them an edge in the increasingly competitive environment where flipping yields are being compressed,” ATTOM Senior Vice President Daren Blomquist said. “Many flippers are gravitating toward lower-priced areas where discounted purchases are more readily available, often due to foreclosure or some other type of distress.”

“Many of those lower-priced areas also have strong rental markets, giving flippers a consistent pipeline of demand from buy-and-hold investors looking for turnkey rentals,” Blomquist said. “In markets where distressed discounts have largely dried up, flippers are showing more willingness to leverage financing when acquiring properties, often purchasing closer to full market value and then relying more heavily on price appreciation to fuel their flipping profits.”

As the market share and number of home flippers drop, the dollar volume of home flipper financing climbed to nearly a 10-year high.

More than 35% of homes flipped in the second quarter were with financing, up from 33.2% in the previous quarter and 32.3% last year. This also marks the highest level since the third quarter of 2008.

The dollar volume of this financing increased to $4.4 billion, up from $3.9 billion in the first quarter and from $3.4 billion in the second quarter of 2016, reaching the highest level since the third quarter of 2007, a nearly 10-year high.

 

Read more….

https://www.housingwire.com/articles/41319-returns-from-home-flipping-drop-for-third-consecutive-quarter?eid=311691494&bid=1868790

Buyers Rush Past Market Challenges | Pound Ridge Real Estate

Existing home sales increased 1.1% in May, and 55% of homes sold last month were on the market less than a month as buyers overcame low inventory and higher prices. Although May inventory increased 2.1%, it remains 8.4% lower than a year ago and fell year-over-year for the 24th consecutive month. The National Association of Realtors (NAR) reported that at the current sales rate, the May unsold inventory represents a 4.2-month supply, down from a 4.7-month supply a year ago. May existing sales were up 2.7% from the same month a year ago, and reached a seasonally adjusted rate of 5.62 million compared to a downwardly revised 5.56 million in April. Total existing home sales include single-family homes, townhomes, condominiums and co-ops.

May existing sales increased 6.8% in the Northeast, 3.4% in the West and 22% in the South, but declined 5.9% in the Midwest. Year-over-year, the South was up 4.5%, the West by 3.4% and the Northeast by 2.7%, while only the Midwest was down slightly.

Homes stayed on the market for only 27 days in May, compared to 29 days in April, and 32 days a year ago. The May timeframe was the shortest in the history of that series which began in May 2011. The May first-time home buyer share was 33%, down from 34% in April, but up from 30% in May a year ago.

The May all-cash sales share increased to 22% from 21% in April, and was unchanged from a year ago.  Individual investors purchased a 16% share in May, up from 15% in April, and up from 13% a year ago. Some 64% of investors paid cash in May, up from 57% of investors in April.

The May median sales price jumped 5.8% from last year to $252,800, representing the 63rd consecutive month of year-over-year increases. The May median condominium/co-op price of $238,700 was up 4.8% from the same month a year ago.

April pending sales dipped for the second consecutive month, so the May bump in existing sales was good news. New home sales have grown 11.3% this year, and both jobs and incomes continue to grow, suggesting an improving market for new single-family construction.

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http://eyeonhousing.org/2017/06/may-buyers-rush-past-market-challenges/

House hunting in Sweden | Pound Ridge Real Estate

AN ATTIC APARTMENT NEAR THE CENTER OF STOCKHOLM

$2.76 MILLION (23.9 million Swedish krona)

Once an attic used for storage, this two-bedroom, two-bathroom, roughly 2,500-square-foot space was converted into an apartment around 1970 and last renovated in 2013. It is on the seventh and eighth floors of a 1915 building with seven units on a quiet street in Ostermalm, a fashionable neighborhood just east of Stockholm’s city center.

The apartment has crisp white walls, oak floors, high ceilings and a terrace overlooking nearby rooftops. The front door opens onto a hallway that leads to a family room with a balcony and a staircase up to the main living area. The large upstairs living room has built-in bookshelves and large sliding doors opening onto a terrace. Up several steps to the left of the living room is a television room; on the right is an office with a skylight. Both the office and the family room downstairs could be used as bedrooms, said Jan Lundqvist, a broker with Residence, the Swedish real estate firm and Christie’s affiliate that has the listing.

Past the living room are the kitchen and dining area. A small hall leads to two bedrooms. One, the master suite, has a generous walk-in closet and an adjoining laundry room. As is typical in Sweden’s older homes, Mr. Lundqvist said, the bedrooms share a bathroom. (A second bathroom is on the same floor near the entrance, by the stair landing.)

The building’s amenities include bike storage, a parking garage and a communal wine cellar in the basement. Restaurants, tennis courts, parks with jogging trails and public transit are all within walking distance. The Stockholm Arlanda Airport is about a half-hour drive.

MARKET OVERVIEW

Home prices in Sweden have increased sharply since the 2008 global financial crisis, driven by the combination of a strong economy, low mortgage rates, a chronic housing shortage and rapid population growth, specifically an influx of refugees and others moving to urban centers for jobs and schools. But even during the recession Sweden’s real estate market didn’t suffer much, thanks to the shortage of housing and the swift countermeasures taken by the government and central bank, said Olof Manner, head of research for Swedbank, a financial services group based in Stockholm.

Prices are now about 50 percent higher than they were in 2008, he said. “I don’t think we have a bubble,” he said of the market. “But it’s very richly priced.”

Recently, however, the price increases have been slowing, Mr. Manner said. In 2015, prices rose 15 percent over the previous year; in 2016, that number fell to 10 percent. Home prices are now 7 percent higher than they were at this time last year, he said.

He attributed this to several factors: Banks have become stricter about mortgage applicants’ debt-to-income ratios; the government recently changed its mortgage amortization rules to require faster repayment schedules on new loans; fixed mortgage rates have risen slightly; and the novelty of the low rates has worn off.

A continuing challenge, he added, is that there aren’t enough new homes being built to meet demand, and the ones that are built don’t suit the refugee population’s need for small, affordable units.

Elisabeth Hallberg, a broker and manager with Per Jansson, a luxury real estate agency in Stockholm, said it’s a seller’s market. “The problem for the real estate agent is not to find buyers; it’s to find sellers,” she said, estimating that about 70 percent of the transactions she worked on in the past year have had multiple offers, and many had received an offer before the first open house.

The most desirable areas in the city, agents said, are Djurgarden, a parklike area with well-appointed villas, and Ostermalm, where this apartment is. Lars Fogelklou, the chief executive and a founder of Residence, said that in Djurgarden, high-end apartments can sell for between 20 million Swedish krona ($2,312,640) and 100 million Swedish krona ($11,563,200). Agents said prices in Ostermalm range from between 3 million Swedish krona ($346,896) and 10 million ($1,156,320) at the lower end, and up to around 70 million Swedish krona ($8,094,240) or 80 million ($9,250,550) at the higher end, with a few properties reaching 100 million Swedish krona ($11,563,200).

WHO BUYS IN STOCKHOLM

Most of Stockholm’s luxury home buyers are Swedish, some of them Swedes returning from abroad, agents said.

Ms. Hallberg estimated that about 20 percent of her clients are from Switzerland, Germany, the United States, Britain and France. Over the past year, Mr. Fogelklou said, a few of his clients (about 5 percent) have been from China, Germany and the United States; a much larger share (about 40 percent) were expats returning to Sweden.

BUYING BASICS

There are no restrictions on foreigners buying property in Sweden, said Jonas Bergquist, a Stockholm-based partner with Magnusson, a law firm with offices in the Baltic region and Scandinavia.

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https://www.nytimes.com/2017/06/07/realestate/real-estate-in-sweden.html?_r=0

Home Price Index rises 5.9% | Pound Ridge Real Estate

The S&P CoreLogic Case-Shiller composite index of 20 metropolitan areas in the US rose 5.9 percent year-on-year in March of 2017, the same as in February and above market expectations of following a 5.7 percent gain. Prices rose the most in Seattle (12.3 percent), Portland (9.2 percent) and Dallas (8.6 percent). Meanwhile, the national index, covering all nine US census divisions rose 5.8 percent, up from 5.7 percent in February and setting a 33-month high. Case Shiller Home Price Index in the United States averaged 158.44 Index Points from 2000 until 2017, reaching an all time high of 206.52 Index Points in July of 2006 and a record low of 100 Index Points in January of 2000.

United States S&P Case-Shiller Home Price Index
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-04-25 01:00 PM Feb 0.4% 0.2% 0.2%
2017-05-30 01:00 PM Mar 5.9% 5.9% 5.7% 5.8%
2017-05-30 01:00 PM Mar 1% 0.4% 0.3%
2017-06-26 01:00 PM Apr 5.9%
2017-06-26 01:00 PM Apr 1%
2017-07-27 01:00 PM May

 

United States Housing Last Previous Highest Lowest Unit
Building Permits 1228.00 1260.00 2419.00 513.00 Thousand [+]
Housing Starts 1172.00 1203.00 2494.00 478.00 Thousand [+]
New Home Sales 569.00 642.00 1389.00 270.00 Thousand [+]
Pending Home Sales 0.80 2.60 30.90 -24.30 percent [+]
Existing Home Sales 5570.00 5700.00 7250.00 1370.00 Thousand [+]
Construction Spending -0.20 1.80 5.90 -4.80 percent [+]
Housing Index 0.60 0.80 1.20 -1.70 percent [+]
Nahb Housing Market Index 70.00 68.00 78.00 8.00 [+]
Mortgage Rate 4.17 4.23 10.56 3.47 percent [+]
Mortgage Applications 4.40 -4.10 49.10 -38.80 percent [+]
Home Ownership Rate 63.60 63.70 69.20 62.90 percent [+]
Case Shiller Home Price Index 195.39 193.50 206.52 100.00 Index Points [+]

Apartment and Condominium Market Momentum Continues | Pound Ridge Real Estate

The National Association of Home Builders’ Multifamily Production Index (MPI) increased two points to 55 in the fourth quarter of 2016. For five straight years, the MPI has been at or above 50, which indicates that more respondents report conditions are improving than report conditions are getting worse (Figure 1).

Figure 1: NAHB Multifamily Production Index (MPI) and Multifamily Starts (in thousands)

The MPI is a composite measure of three key segments of the multifamily housing market: construction of low-rent units, market-rate rental units and “for-sale” units, or condominiums. In the fourth quarter, low-rent units remained unchanged at 54 while market-rate rental units rose one point to 58 and for-sale units increased three points to 53.

The Multifamily Vacancy Index (MVI), which measures the multifamily housing industry’s perception of vacancies, remained unchanged at 42, with lower numbers indicating fewer vacancies (Figure 2).

Figure 2: NAHB Multifamily Vacancy Index (MVI) and 5+ Rental Vacancy Rate

After peaking at 70 in the second quarter of 2009, the MVI improved consistently through 2010 and has been fairly stable since 2011. Historically, the MVI has shown to be a leading indicator of Census multifamily vacancy rates, which is displayed in Figure 2 as well.

 

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http://eyeonhousing.org/2017/02/apartment-and-condominium-market-momentum-continues/

High End New Homes | Pound Ridge Real Estate

In 2015, a total of 1,762 homes were started for sale with a price of $1 million or more according to the Census Bureau’s Survey of Construction. New homes started for sale with a price of $ 1 million or more decreased as a share in absolute number in 2015. That number was significantly lower than in 2013 (3,347 homes) and 2014 (3,019). Previous posts have discussed the upward trend in the median and average size of new single-family homes and how part of this is likely due to a historically atypical mix of buyers in the market.

chart1

In 2005, the number of new homes at this price reached a peak of 5,647 units. In the boom year of 2006, 4,966 new homes started were million dollar homes built for sale. In 2007, only 2,449 such homes were started followed by 1,028 homes in 2008. From 2009 to 2012, fewer than 1,000 of these $1 million+ homes were started every year.

 

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http://eyeonhousing.org/2016/11/high-end-new-homes/

Some housing markets cooling | Pound Ridge Real Estate

The red-hot growth in home prices across the U.S. West is starting to slow in some cities as sticker shock and low inventory put off weary buyers.

Denver, Los Angeles and Austin, Texas, have seen gains in real estate values moderate after years of double-digit increases, according to Zillow. A slowdown in the tech epicenter of San Francisco is becoming even more pronounced, with the median home value in August rising less than 1 percent from a year earlier.

The five-year surge in real estate demand across the West is starting to take its toll in some areas as buyers become more reluctant to purchase a home that would eat up a large chunk of their monthly earnings. With job growth still robust, house hunters are pushing outward from core cities to get more for their money.

“Homebuyers are starting to see a bit of price fatigue and are starting to step back and think twice about making that purchase,” said Svenja Gudell, chief economist at Seattle-based Zillow. “Prices have grown so much over the last few years as part of the recovery that many markets are well beyond their initial 2006 or 2007 peak, so homes are now more expensive than they’ve ever been.”

Western cities have led the nation’s recovery from last decade’s recession with record-setting economic growth and a boom in jobs, particularly in the technology industry, leading to a surge in housing demand. In the past five years, home values have soared 71 percent in Denver, 66 percent in San Francisco and 54 percent in Austin, Zillow data show. Nationwide, the gain was 22 percent.

Buyer Pushback

The prices have gotten too heated for many buyers in Denver, which has seen a slowdown since the beginning of the year, said Wade Perry, a managing broker at Coldwell Banker Devonshire in the area.

“Buyers are starting to push back and say, ‘I’m not going to pay that much for that house,’” Perry said.

The median home value in Denver rose 10 percent in August from a year earlier to $353,300, according to Zillow. While that’s still one of the top increases in the country, it’s down from an almost 16 percent surge in the same period of 2015.

In Austin, which, like Denver, has benefited in part from a spreading tech industry and an influx of well-paid workers, the median climbed 8.1 percent, compared with 12 percent growth a year earlier. Los Angeles’s growth slowed to 6.9 percent from 7.5 percent, while in San Diego it decelerated to 4 percent from 6.3 percent.

For San Francisco, where the median home value has soared to $1.1 million, the increase was just 0.6 percent after a 15 percent jump in August 2015. The city’s price gains have made it the most overvalued housing market in the U.S., UBS Group AG said in a report this week.

Still Hot

Still, there’s no let-up in some other Western tech-heavy markets, such as Portland, Oregon, where home values soared 20 percent in August, compared with 13 percent a year earlier. In Seattle, the 15 percent gain outpaced the roughly 14 percent increase the year before.

Nationwide, the median home value climbed 5.1 percent in August — up from 4.6 percent a year earlier.

A slowdown in home-price appreciation would be a healthy change, said Patrick Carlisle, chief marketing analyst at Paragon Real Estate Group in San Francisco.

“The cooling of a desperately overheated housing market to something closer to normal is not bad news,” he said. “The huge increases in housing prices have created enormous social stresses in the area, as well as leading some of our local high-tech companies and would-be startups to look at locating elsewhere.”

The overheated markets are pushing some buyers to shift their house hunt to the suburbs, fueling faster appreciation in outlying areas than in the neighboring boom cities, Zillow data show. In the Denver suburb of Arvada, for instance, the median home value in August soared 13 percent from a year earlier. It jumped almost 14 percent in Englewood, a short light-rail ride from downtown.

Moving Outward

Ben and Nicole Irwin began looking for homes in the area last year and soon discovered the Denver properties they liked cost $500,000 to $600,000. The couple ended up paying $390,000 for a three-bedroom house in Arvada, where they were attracted to good public schools, a charming old town and the city’s proximity to the Red Rocks Amphitheatre, a popular outdoor concert venue.

“To get the size house we wanted, it would have been out of our price range,” said Ben Irwin, a 37-year-old communications manager for the city of Boulder. “We found that we could get those kinds of houses for $150,000 to $200,000 less” outside of Denver.

In Austin, where home prices are higher but sales are down, surrounding towns “have seen incredible appreciation” as buyers seek out affordability in the city’s outskirts, said Dave Murray, a broker at DMTX Realty.

 

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http://www.bloomberg.com/news/articles/2016-09-28/runaway-home-prices-ebb-in-u-s-west-as-weary-buyers-push-back

Falling Expectations for 2016 Depress Housing Confidence | Pound Ridge Real Estate

Americans’ overall confidence in the U.S. housing market has declined from a year ago, according to the January 2016 Zillow Housing Confidence Index, driven lower by diminished expectations of the market’s future.

The overall U.S. Housing Confidence Index fell to 66.9 in January from 67.4 a year ago according to the Zillow Housing Confidence Index, sponsored by Zillow and calculated by Pulsenomics LLC.

However, expectations for the year ahead fell even more, from 69.9 in 2015 to 67.5 this year, a decline of 3.4%.  Homeowners near term expectations fell 3.5 percent, from 74.1 to 71.8 but renters lost even more confidence.  Among renters, expectations for 2016 compared to 2015 fell from 63.9 to 60.8, or 4.8 percent.

The results come at a time when rising rents and stagnant incomes are making it tough for many Americans to buy homes. Millennials are renting longer than past generations as they put off major life decisions. Those aged 18-34 said they expected home values to grow by 5 percent per year, on average, over the next ten years, compared to just 3.7 percent for all Americans.

The survey found that overall aspirations for homeownership are at their highest level in two years, driven in large part by faith among younger Americans and Americans-of-color in the general value of homeownership. Among people 18-34 years old, 65 percent said homeownership and the American Dream go hand-in-hand, more than any other generation. Of Hispanic respondents surveyed, 70 percent agreed that owning their own home is necessary to live the American Dream, followed by 64 percent of Asian respondents and 63 percent of black respondents. Less than 60 percent of white respondents agreed.

The semi-annual Zillow Housing Confidence Index, sponsored by Zillow and calculated by Pulsenomics LLC, is calculated for the U.S. as a whole and 20 large metro markets nationwide. It is based on a national survey of 10,000 American renters and homeowners. The ZHCI is composed of three sub-indexes: one that summarizes homeowner and renter assessments of current market conditions (HMCI); another that measures their expectations regarding future home values and affordability (HEI); and a third that gauges their aspirations and attitudes regarding homeownership (HAI).

 

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http://www.realestateeconomywatch.com/2016/03/9641/