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September 2016 Archives

Distressed Sales Update: June 2016

Distressed Sales Accounted for 8 Percent of Homes Sold Nationally in June 2016

Molly Boesel    |    Housing Trends

 
  • Of total sales in June 2016, distressed sales accounted for 7.8 percent and real estate-owned (REO) sales accounted for 4.9 percent
  • The REO sales share was 23 percentage points below its peak of 27.9 percent in January 2009
  • Distressed sales shares fell in most states, including the oil markets

Distressed sales, which include REO and short...

Cash Sales Update: June 2016

Cash Sales Share Below 30 Percent is First Since 2007

Molly Boesel    |    Housing Trends

 

Cash sales accounted for 29.3 percent of total home sales in June 2016, down 2.5 percentage points year over year from June 2015. On a month-over-month basis, the cash sales share fell by 0.9 percentage points in June 2016 compared with May 2016. The cash sales share peaked in January 2011 when cash transactions accounted for 46.6 percent of total home sales nationally. June 2016 marks the...

U.S. Housing Policy Update: September 2016

New Federal Stances on PACE Financing

Terry Theologides    |    Housing Policy, Videos

 


 

The debate around Property Assessed Clean Energy (PACE) programs is heating up with the Federal Housing Administration (FHA) announcement permitting FHA-insured mortgages on some PACE-assessed properties.

From 2008 to 2010 PACE was all the rage. Over twenty...

Colorado Home Prices: High on Marijuana?

Locales That Allowed Retail Marijuana Sales Had Increased Price Growth

Yanling Mayer    |    Housing Trends

 

On November 6, 2012, Colorado voters made history by passing Amendment 64 legalizing marijuana for recreational purposes. Colorado became one of the first two states in U.S., along with...

Land Values Drive Home Price Volatility

David Stiff    |    Property Valuation

 

When homeowners think about the value of their properties they usually focus on the physical attributes of their houses and pay less attention to the land parcels on which their houses sit. This makes sense since most people spend more time inside their houses than in their backyards. But in many housing markets, especially expensive markets on the East and West Coasts, the values of...