Housing Confidence

Renters’ Home-buying Sentiment Turns Negative

The latest update to the Pulsenomics Transaction Sentiment Index (TSI) shows that home-buying sentiment nationwide is continuing its multi-year downward trend. TSI is the only measure of its kind that scores and tracks home-buying and home-selling mindsets by tenure category and metro market. It shows that among renter households, buying sentiment has fallen further into…

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Downside Risk Signals in US Housing

According to the Q4 2018 edition of the Zillow Home Price Expectations Survey released yesterday, U.S. home prices are projected to increase at an average 3.8 percent rate in 2019–down from an expected 4.2 percent a few months ago. (These data are based upon responses from 114 members of an expert panel managed by Pulsenomics). The…

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Housing Confidence: Still Growing

JPMorgan Chase has just announced a partnership with Pulsenomics on a newly-expanded suite of U.S. housing market indices. From respondent data collected in our survey of more than 15,500 households–500 from each of 25 individual metropolitan statistical areas, plus 3,000 from a national sample–The Chase Housing Confidence Index™ (HCI) systematically measures and monitors key dimensions…

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U.S. Housing Confidence Inches Higher

The latest edition of The Zillow Housing Confidence Index (ZHCI), published this morning, shows that confidence in the residential real estate market firmed further in July, reflecting the persistence and breadth of the U.S. housing recovery. For those unfamiliar with this gauge, ZHCI was developed by Pulsenomics LLC to effectively monitor and concisely communicate the…

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Chicago is… Whose Kind of Town??

“And each time I roam, Chicago is calling me home… Chicago is one town that won’t let you down… it’s my kind of town.” Those nostalgic lyrics, first sung by Frank Sinatra in 1964, are a reminder of the good ol’ days in The Windy City. Today, Illinois has no budget, and other state and…

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Only Four In Ten Renters Say It’s a Good Time to Buy a Home

Pulsenomics recently completed the latest edition of The U.S. Housing Confidence Survey(HCS). This study entails compilation of 10,000 questionnaires completed by heads of household across the country, and synthesis of more than 300,000 question responses to update the biannual Zillow Housing Confidence Index (ZHCI). One of the dozens of housing-centric questions included in HCS is, “Where…

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Millennials, Californians High on Housing

The latest Zillow Housing Confidence Index (ZHCI) reveals that homeowner expectations are higher than they were two years ago in the majority of metro areas tracked, and nowhere are they higher now than in The Golden State. The ZHCI homeowner expectations sub-indexes for Los Angeles, San Francisco, and San Jose are now 77.5, 77.3, and…

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U.S. Housing Confidence Proving Resilient

An index derived from the January 2016 edition of The U.S. Housing Confidence Survey shows that confidence in the residential real estate market is proving resilient, even as investor confidence, business confidence, and consumer economic sentiment have wavered amidst turbulent financial markets and unsettling election-year politics. The latest Zillow Housing Confidence Index — which summarizes the survey…

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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 tracked…

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Lower 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 year,…

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