Archive for September 2015
The Housing High (and Comedown?) in Denver
Data from the July edition of the U.S. Housing Confidence Survey of 10,000 households (HCS) and the Zillow Housing Confidence Index (ZHCI) highlighted the recent smoking-hot conditions in the Denver housing market. For example, at 77.9, the Housing Market Conditions Index (a ZHCI component) for Denver was at the highest level of all cities…
Read MoreHouseholds Ditch The Rear View Mirror
Real estate is a notoriously inefficient asset class. One symptom of market inefficiency is price inertia, a hallmark of housing markets. However, a comparison of actual U.S. home value changes in the recent past to expected changes for the near future (see below chart) suggests that as households ride the road to real estate…
Read MoreLower Expectations Dent Housing Confidence
According to the vast majority of 10,000 heads of household who participated in the latest U.S. Housing Confidence Survey conducted by Pulsenomics, prevailing real estate market conditions are healthy, and in most major metropolitan areas, have continued to improve. However, expectations concerning the housing market–while still positive–have reversed course since the start of the…
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