Market Conditions

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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Gap in U.S. Home Transaction Sentiment is Wider than Ever

Financial capacity limitations–along with a dwindling inventory of affordable single-family homes–are weighing-down renters’ confidence in the housing market, and contributing to a widening gap in “home transaction sentiment.” The latest edition of The U.S. Housing Confidence Survey of 10,000 heads of household–3,762 of whom are renters–reveals a growing imbalance that warrants monitoring. As reported by…

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Fewer Renters are In The Mood (to Buy a Home)

According to the latest edition of The U.S. Housing Confidence Survey (HCS), renters continue to have positive homeownership aspirations. For example, in January, more than six in ten of the 3,741 renters surveyed across 20 of the largest U.S. cities said that they believe that owning a home provides a person more freedom than renting…

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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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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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Open House Mayhem: Will it Last?

Perhaps there are glimmers of hope for anxious would-be home buyers frustrated by the dearth of existing inventory in many real estate markets (consider this CNBC report today). The January 2015 U.S. Housing Confidence Survey (HCS)–the same survey cited in the CNBC report, and from which The Zillow Housing Confidence Index is derived–reveals that, in…

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In Some Pricey Housing Markets, Selling Sentiment is High

Latest U.S. Housing Confidence Survey: the majority of owner-occupied household heads across 20 large metro areas says that now is a good time to sell a home. However, a geographic analysis reveals significant disparities. Note: most of the cities with a below-average number of homeowners who agree that now is a good time to sell…

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