Housing
Millennials’ Homeownership Aspirations Still Strong
Since the historic U.S. housing bust, there has been much speculation that millennials would lead a permanent shift away from homeownership. The latest U.S. Housing Confidence Survey of 10,000 heads of household–3,095 of whom are of the millennial generation–confirm yet again that renter households headed by 18-34 year-olds continue to have a hearty appetite…
Read MoreGap 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…
Read MoreU.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…
Read MoreChicago 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…
Read MoreFewer 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…
Read MoreOnly 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,…
Read MoreMillennials, 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,…
Read MoreU.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…
Read MoreExpectations for Home Values Fading
Data from the latest installment of The Zillow Home Price Expectations Survey indicate that most of the 104 expert respondents foresee further moderation in the rate of U.S. home value appreciation beyond 2016. The outlook for 2016 U.S. home price appreciation is 3.7 percent, less than the 4 percent value increase realized in 2015.…
Read MoreNew Construction Double Jeopardy: Land & Labor
Sales of newly built single-family homes have struggled to recover to pre-recession norms, and single family construction activity overall has been anemic despite limited for-sale inventory and evidence of robust demand in certain market segments (e.g., entry-level homes). In the latest Zillow Home Price Expectations Survey, we asked an expert panel of more than 100…
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