2017 Crystal Ball Award Winners Announced

Pulsenomics

For the majority of U.S. households, residential real estate is the single largest asset on the balance sheet. Prevailing home equity levels–and expected home value changes–can have an out-sized influence on consumer spending and behavior (i.e., wealth effects). As an asset class, U.S. housing has an aggregate value of almost $30 trillion. For these and…

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Amazon HQ2: Economists, Strategists Weigh-In

Pulsenomics

After receiving 238 bids, Amazon recently announced that it narrowed its focus to 20 cities as the potential home for its second headquarters (“HQ2”). HQ2 will have a profound impact on the chosen city’s real estate market and economy. The just-released Q1 2018 edition of The Zillow Home Price Expectations Survey asked an expert panel…

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$5.4 Trillion in Home Equity Separates U.S. Housing Optimists & Pessimists

Pulsenomics

The latest edition of the Zillow Home Price Expectations Survey was published this morning. A panel of more than 100 experts has updated their expectations for national home price growth rates through 2021. According to widely cited price indices, nominal home values have already eclipsed (or are close to surpassing) their pre-crash peak levels. And…

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Millennials’ Homeownership Aspirations Still Strong

Pulsenomics

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 for…

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

Pulsenomics

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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U.S. Housing Confidence Inches Higher

Pulsenomics

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??

Pulsenomics

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

Pulsenomics

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

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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