Housing
The Millennial Mindset re: Housing – An Update
The U.S. millennial generation–the group of people 18 to 34 years of age–is projected by The Census Bureau to exceed 75 million and surpass the baby boomers to become the largest generation this year. The attitudes and actions of members of this group will influence the health and dynamics of U.S. housing markets in the…
Read MoreRenter Aspirations Bottoming in Boston, Booming in L.A.
The level of housing confidence today can influence economic consumption, and supply & demand for residential real estate tomorrow. This is why it is essential to measure and monitor housing confidence. In any real estate market, aspirations for future homeownership among today’s renters are key indicators of housing confidence. The Homeownership Aspirations Index (HAI)–one component…
Read MoreConsumer Confidence in Housing is Building
As reported last week, The Zillow® U.S. Composite Housing Confidence Indexâ„¢ (ZHCI) rose to 67.4 in January, an increase of 3.2 points from its level six months earlier and up 3.6 points year-over-year, indicating continued growth in positive housing sentiment within local real estate markets across the country. Analysis of the indicator indices underlying the…
Read MoreOpen 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…
Read MoreHousing Hurdles
Pulsenomics asked members of its expert real estate panel to indicate and rank factors that they consider to be significant impediments in the near- to intermediate-term to a more uniform and sustainable U.S. housing market recovery. Here’s the breakdown of the responses: We also asked the panelists which factor they consider to be the most…
Read MoreSettling Dust from the Housing Bust?
The Q4 edition of the Home Price Expectations Survey was completed last week by Pulsenomics and was published today by Zillow (we administer this quarterly survey to an expert panel comprised of more than 100 economists, housing experts, and market strategists). Although ten percent of the experts who opined believe that housing market conditions are…
Read MoreIs Owning a Home Necessary to Live The American Dream?
The majority of households say “yes”, according to the latest U.S. Housing Confidence Survey. However, responses vary considerably by metro area as well as tenure type (i.e., homeowners vs. renters). “Some say that owning a home is necessary to live The Good Life and The American Dream. Do you agree? Or disagree?” (% of Households…
Read MoreHome Affordability Conundrum
The latest U.S. Housing Confidence Survey finds that two-thirds (66%) of renters in 20 large metro areas are confident, or somewhat confident, that they will be able to afford to own a home in the future. This is encouraging–especially given the lack of real (inflation-adjusted) wage growth in recent years, tight mortgage credit market conditions,…
Read MoreDream On: Renters Aspire to Buy Soon
U.S. Housing Confidence Survey: More than one-third (36%) of all renter respondents say they expect to buy a home within the next two years. Although their optimism is inspiring, the majority of these renters will travel a longer path to homeownership. The 36 percent figure extrapolated to the national level translates to an average of…
Read MoreMillennial Renters are High… on Homeownership
Latest U.S. Housing Confidence Survey: almost two-thirds of all millennial renters interviewed say they are determined to own a home someday. Less than one-third of non-millennial renters (i.e., those 35+ yrs old) are so committed.
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