Posts Tagged ‘Housing Confidence Index’
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…
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 the…
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 and…
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 renting…
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, “Where…
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, and…
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 survey…
Read MoreThe 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…
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 year,…
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 More