PHILADELPHIA HOUSE PRICE INDICES
|
|
- Loreen Simon
- 7 years ago
- Views:
Transcription
1 PHILADELPHIA HOUSE PRICE INDICES July 13, 2015 KEVIN C. GILLEN, Ph.D. Disclaimers and Acknowledgments: The Lindy Institute for Urban Innovation at Drexel University provides this report free of charge to the public. The report is produced by Lindy Senior Research Fellow Kevin Gillen, in association with Meyers Research LLC. The author thanks Azavea.com, the Philadelphia Office of Property Assessment, the Federal Housing Finance Agency, Case-Shiller MacroMarkets LLC, RealtyTrac, Zillow.com, Trulia.com and the NAHB for making their data publicly available. 2015, Drexel University, All Rights Reserved.
2 600.0 House Price Indices : 1980Q1=100 Philadelphia County v. Philadelphia MSA and U.S. Average Phila. County* Phila. MSA** U.S. Avg.** Q2 * Empirically estimated by Kevin C. Gillen, Ph.D. **Courtesy of the Federal Housing Finance Agency (FHFA). HPIs are available through 2015Q1 only. MSA =Metropolitan Statistical Area, which is the entire 9-county region.
3 Total House Price Appreciation Rates by Geographic Market Period Philadelphia County* Philadelphia MSA** U.S.A.** 36-Year 144.4% 167.9% 128.9% 10-Year 3.0% 14.9% 7.2% 1-Year 5.4% -0.2% 4.8% 1-Quarter 7.3% -0.6% 1.3% *Empirically estimated by Kevin C. Gillen Ph.D. **Source: U.S. Federal Housing Finance Agency (FHFA). These numbers are through 2015Q1 only. MSA = Metropolitan Statistical Area, which is the entire 10-county region.
4 House Price Appreciation : Philadelphia v. 10-City Composite City Composite* Philadelphia % Change 10-City Philadelphia 1998 to Peak: +173% +136% From Peak: -15% -9% *Source: S&P/Case-Shiller. The 10-City Composite index includes Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco, and Washington, DC. It does not include Philadelphia.
5 800.0 Philadelphia House Price Indices by Neighborhood: Q1= CtrCity/Fairmount Kensington/Frankford Lower NE Phila. North Phila. NW Phila. South Phila. Univ. City Upper NE Phila. West Phila Q2 * All indices empirically estimated by Kevin C. Gillen, Ph.D.
6 Philadelphia House Price Appreciation Rates by Neighborhood Period Center City/ Fairmount Kensington /Frankford Lower NE Phila. North Phila. NW Phila. South Phila. Univ. City Upper NE Phila. West Phila. 36-year 166.0% 152.8% 131.3% 160.8% 169.1% 195.0% 195.7% 165.6% 169.1% 10-year 8.2% 10.9% -1.8% 22.4% 0.8% 37.8% 10.7% 7.5% 37.3% 1-Year 3.7% 9.3% 6.3% 13.5% 1.8% 8.0% 20.8% 5.7% 24.8% 1-Quarter 3.3% 2.5% 5.8% 10.1% 4.9% 4.7% 10.9% 3.9% 10.8% This table gives the total % change in house prices by neighborhood, through 2015 Q2, from different starting points in time.
7 Philadelphia Submarket Boundaries
8 Median Philadelphia House Price v. Indexed Philadelphia House Price $140,000 $120,000 Median Price $100,000 Indexed Price* $80,000 $60,000 $40,000 $20,000 $0 Q2 * Empirically estimated by Kevin C. Gillen, PhD
9 $45,000 Average House Price Minus Median House Price: $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0
10 Number of Philadelphia House Sales* per Quarter: ,000 7,000 6,000 Q1 Q2 Q3 Q4 5,000 4,000 Qtly. Average 3,000 2,000 1, *Only arms-length transactions between private sector entities were included in these numbers.
11 Number of Philadelphia Home Sales* per Quarter with Price>=$1 Million: Q1 25 Q2 20 Q3 Q Qtly. Average *Only arms-length transactions between private sector entities were included in these numbers.
12 Philadelphia House Sales in 2015 Q2
13 Center City House Sales in 2015 Q2
14 South Philadelphia House Sales in 2015 Q2
15 Kensington/Frankford House Sales in 2015 Q2
16 West Philadelphia House Sales in 2015 Q2
17 North Philadelphia House Sales in 2015 Q2
18 Northwest Philadelphia House Sales in 2015 Q2
19 Northeast Philadelphia House Sales in 2015 Q2
20 2015 Q2 House Price Rate of Change by Neighborhood Upper NE Phila: +3.9% NW Phila: +4.9% North Phila: +10.1% Univ. City: +10.9% Lower NE Phila: +5.8% West Phila: +10.8% Kensington/Frankford: +2.5% Center City/Fairmount: +3.3% South Phila: +4.7% Note: Each neighborhood is extruded by its average change in house values during 2015 Q2 in order to reflect its growth (or depreciation) rate relative to other neighborhoods.
21 +$1 Million Dollar House Sales in 2015 Q2 Price Price/SqFt Address $1,125,000 $ SPRUCE ST $1,150,000 $ S 21ST ST $1,179,000 $ SPRUCE ST $1,238,000 $ CORNELIA PL $1,248,750 $ S 09TH ST $1,275,000 $ GASKILL ST $1,400,000 $ GLENGARRY RD $1,500,000 $ S UBER ST $1,595,000 $ PINE ST $1,675,000 $ SPRUCE ST $1,850,000 $ PANAMA ST $1,860,000 $ SPRUCE ST $2,200,000 $ LOCUST ST $3,400,000 $ SPRUCE ST $3,400,000 $ DELANCEY PL $4,950,000 $ RITTENHOUS SQ
22 HPI: 1980Q1= Philadelphia HPI Diffusion Index Philadelphia House Price Diffusion Index 200% 150% % % % % The diffusion index measures how varied the direction of house price changes are across Philadelphia neighborhoods. It is computed as the percent difference between the number of neighborhoods in which prices rose in a given quarter, and the number of neighborhoods in which prices fell. A value of -100% indicates that prices fell in all neighborhoods in a given quarter, while a value of +100% indicates that prices rose in all neighborhoods. A value of 0% indicates that house price changes were evenly split between increases and decreases, across neighborhoods. Diffusion indexes are commonly used in financial economics as a leading indicator of turning points in a market's direction. -100% -150% -200%
23 HPI: 1980Q1=100 Philadelphia House Prices: Declines v. House Price Index % Pct. Declining Philadelphia HPI 90% This chart compares the Philadelphia House Price Index (in red) to the percent of Philadelphia neighborhoods that experienced house price declines (in blue), in each quarter from % 70% 60% 50% % Declining % % % % 0.0 0%
24 % 5.00% Dispersion Index of Philadelphia Housing The Dispersion Index measures how varied house price changes are across the city's neighborhoods. It is computed as the standard deviation of quarterly house prices changes across submarkets. High values of the index imply large variation in house price changes between different neighborhods, while low values imply that house price changes are relatively the same across the city. 4.00% 3.00% 2.00% 1.00% 0.00%
25 Philadelphia Housing Affordability* Index: *Affordability is measured as the ratio of the median Philadelphia house price to the median Philadelphia household income. High values of the index mean that housing has become less affordable to the average Philadelphian. Contact for details.
26 15.0 Average House Price-to-Rent Ratios*: Philadelphia v. U.S U.S. Philadelphia *Computed by taking the ratio of average house price to the average annual rent of a comparable housing unit. The P/R ratio is to real estate what the P/E ratio is to other assets. Contact Kevin.C.Gillen@Drexel.edu for further details.
27 200.0 Inflation-Adjusted* Philadelphia House Price Index Q1= Linear Trendline *The empirically estimated house price index is deflated by the rate of inflation over time, using the national Consumer Price Index as the proxy for the national rate of inflation. This procedure converts the house price index from "nominal" to "real" terms, and thus shows house price changes net of general inflation. Source: US Bureau of Labor Statistics
28 # Homes Listed "For Sale" 14,000 Philadelphia Houses Listed For Sale: Inventory v. Absorption Rate # Houses Listed For Sale % Absorbed 30% 12,000 10,000 8,000 6,000 4,000 2,000 25% 20% 15% 10% 5% %Absorbed = (#Sales/#Listings) 0 0% %Absorbed is defined as the percent of homes listed for sale in a given month that also sold in that same month. Source: Trend MLS
29 # of Days 100 Average Days-on-Market* for Philadelphia Homes *Days-on-Market (DOM) is the average number of days it takes for a listed house to sell. 30 Source: Trend MLS
30 Index of Homebuilder Sentiment: (Seasonally Adjusted) 80 National Northeast The Index represents the current sentiment of U.S. homebuilders. The index is computed via a regular monthly survey of homebuilders. An index value above 50 indicates that more builder are optimistic than pessimistic, while an index value below 50 indicates that more builders are pessimistic than optimistic. 0 Source: National Assoc. of Homebuilders (NAHB)/Wells Fargo
31 Philadelphia Stock Exchange Housing Sector Index: $300 $250 $200 $150 $100 $50 The PHLX Housing Sector Index is a modified capweighted index composed of 20 companies whose primary lines of business are directly associated with the U.S. housing construction market. The index composition encompasses residential builders, suppliers of aggregate, lumber and other construction materials, manufactured housing and mortgage insurers. Note: the index underwent a significant rebalancing in January of $0 Source: finance.yahoo.com
32 100% 90% %Market Share of Philadelphia Home Sales by Price Category: >$250,000 80% 70% 60% $90,000-$250,000 50% 40% 30% 20% <=$90,000 10% 0% <=$90k $90k-$250k >$250k
33 *** # of Units 4,500 Building Permits Issued for Construction of Residential Units: Single-Family v. Multifamily 4,000 3,500 Single-Family* Multifamily** 3,000 2,500 2,000 1,500 1, *Structures with 1-4 dwelling units **Structures with >=5 dwelling units ***Note: 2015 Numbers are extrapolated from YTD numbers.
34 Philadelphia House Price Index and 1-Year Forecast Philadelphia House Price Index: Actual v. Forecast Phila. County HPI Forecast HPI Zillow.com is currently forecasting Philadelphia house prices to rise an average of 2.3% over the next year, which is unchanged from its previous forecast from one quarter ago, but remains an upgrade of its 2014 Q4 forecast of 0.5%. Source:
State of the Philadelphia Real Estate Market
State of the Philadelphia Real Estate Market January 14, 2014 KEVIN C. GILLEN, Ph.D. gillenk@upenn.edu Disclaimers and Acknowledgments: The Fels Institute of Government at the University of Pennsylvania
More informationS&P/Case-Shiller Home Price Indices
The Fourth Quarter Starts with Broad-based Declines in Home Prices According to the S&P/Case-Shiller Home Price Indices New York, December 27, 2011 Data through October 2011, released today by S&P Indices
More informationThe sustained good news in home prices over the past five months makes us optimistic for continued recovery in the housing market.
PRESS RELEASE Home Prices Continued to Rise in August 2012 According to the S&P/Case-Shiller Home Price Indices New York, October 30, 2012 Data through August 2012, released today by S&P Dow Jones Indices
More informationS&P/Case-Shiller Home Price Indices
Some More Seasonal Improvement in Home Prices According to the S&P/Case-Shiller Home Price Indices New York, July 26, 2011 Data through May 2011, released today by S&P Indices for its S&P/Case- Shiller
More informationHome Prices Closed Out a Strong 2012 According to the S&P/Case-Shiller Home Price Indices
Percent change, year ago PRESS RELEASE Home Prices Closed Out a Strong 2012 According to the S&P/Case-Shiller Home Price Indices New York, February 26, 2013 Data through December 2012, released today by
More informationS&P/Case-Shiller Home Price Indices
August 2008 S&P/Case-Shiller Home Price Indices Frequently Asked Questions 1. What do the S&P/Case-Shiller 1 Home Price Indices measure? The indices are designed to be a reliable and consistent benchmark
More informationPRESS RELEASE. Home Prices Lose Momentum According to the S&P/Case-Shiller Home Price Indices
Home Prices Lose Momentum According to the S&P/Case-Shiller Home Price Indices New York, February 25, 2014 Data through December 2013, released today by S&P Dow Jones Indices for its S&P/Case-Shiller 1
More informationS&P/Case-Shiller Home Price Indices
Annual Rates of Change Continue to Improve According to the S&P/Case-Shiller Home Price Indices New York, October 25, 2011 Data through August 2011, released today by S&P Indices for its S&P/Case-Shiller
More informationHome Prices See Strong Gains in the First Quarter of 2013 According to the S&P/Case-Shiller Home Price Indices
Home Prices See Strong Gains in the First Quarter of 2013 According to the S&P/Case-Shiller Home Price Indices New York, May 28, 2013 Data through March 2013, released today by S&P Dow Jones Indices for
More informationS&P/Case-Shiller Home Price Indices
National Home Prices Are Close to the 2009Q1 Trough According to the S&P/Case-Shiller Home Price Indices New York, February 22, 2011 Data through December 2010, released today by Standard & Poor s for
More informationPRESS RELEASE. Home Price Gains Ease in April According to the S&P/Case-Shiller Home Price Indices
Home Price Gains Ease in April According to the S&P/Case-Shiller Home Price Indices New York, June 30, 2015 today released the latest results for the S&P/Case-Shiller Home Price Indices, the leading measure
More informationSustained Recovery in Home Prices According to the S&P/Case-Shiller Home Price Indices
PRESS RELEASE Sustained Recovery in Home Prices According to the S&P/Case-Shiller Home Price Indices New York, December 26, 2012 Data through October 2012, released today by S&P Dow Jones Indices for its
More informationDurango Real Estate: Revisiting California and Price-to-Rent by Luke T Miller, PhD
Durango Real Estate: Revisiting California and Price-to-Rent by Luke T Miller, PhD About one year ago, I compared Durango real estate to southern California and also conducted a price-to-rent ratio analysis
More informationS&P/Case-Shiller Home Price Indices
U.S. Home Prices Keep Weakening as Nine Cities Reach New Lows According to the S&P/Case-Shiller Home Price Indices New York, January 25, 2011 Data through November 2010, released today by Standard & Poor
More informationBeginning in the late 1990s, U.S. housing prices rose substantially and subsequently fell
The Boom and Bust of U.S. Housing Prices from Various Geographic Perspectives Jeffrey P. Cohen, Cletus C. Coughlin, and David A. Lopez This paper summarizes changes in housing prices during the recent
More informationS&P/Case-Shiller Home Price Indices 24%
Home Prices Increases Slow Down in August According to the S&P/Case-Shiller Home Price Indices New York, October 26, 2010 Data through August 2010, released today by Standard & Poor s for its S&P/Case-Shiller
More informationHousing Price Forecasts. Illinois and Chicago PMSA, April 2014
Housing Price Forecasts Illinois and Chicago PMSA, April 2014 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs
More informationPRESS RELEASE. Home Prices Rise Further in August 2013 According to the S&P/Case-Shiller Home Price Indices
Home Prices Rise Further in August 2013 According to the S&P/Case-Shiller Home Price Indices New York, October 29, 2013 Data through August 2013, released today by S&P Dow Jones Indices for its S&P/Case-Shiller
More informationS&P/Case-Shiller Home Price Indices
Home Prices in the New Year Continue the Trend Set in Late 2009 According to the S&P/Case-Shiller Home Price Indices New York, March 30, 2010 Data through January 2010, released today by Standard & Poor
More informationU.S. and Regional Housing Markets
U.S. and Regional Housing Markets House Prices Boom, Bust and Rebound Index, 1991: Q1=1* 3 CoreLogic house price index Real FHFA house price index 25 2 15 1 5 1991 199 1997 2 23 26 29 212 215 *Seasonally
More informationThe Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners
The Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners March 2015 U.S. Department of Housing and Urban Development Office of Policy Development and Research U.S
More informationPRESS RELEASE. Widespread Gains in Home Prices for February According to the S&P/Case-Shiller Home Price Indices
Widespread Gains in Home Prices for February According to the S&P/Case-Shiller Home Price Indices New York, April 28, 2015 today released the latest results for the S&P/Case-Shiller Home Price Indices,
More informationHome Price Increases Slow Down in February According to the S&P/Case-Shiller Home Price Indices
Home Price Increases Slow Down in February According to the S&P/Case-Shiller Home Price Indices New York, April 26, 2016 S&P Dow Jones Indices today released the latest results for the S&P/Case-Shiller
More informationPublic Disclosure. Community Reinvestment Act Performance Evaluation
Comptroller of the Currency Administrator of National Banks SMALL BANK Public Disclosure January 4, 1999 Community Reinvestment Act Performance Evaluation FIRST INTERSTATE BANK OF ALASKA, N.A. Charter
More informationREAL ESTATE MARKETING UPDATE
From the Desk of Renee Carnes-Rook Vice President, Real Estate Services In the midst of unprecedented economic and market pressures, tight credit markets, difficult-to-obtain loans, and a cloudy employment
More informationPRESS RELEASE. Home Prices Continue Upward Trend According to the S&P/Case-Shiller Home Price Indices
Home Prices Continue Upward Trend According to the S&P/Case-Shiller Home Price Indices New York, August 25, 2015 today released the latest results for the S&P/Case-Shiller Home Price Indices, the leading
More informationMinneapolis St. Paul Residential Real Estate Index
University of St. Thomas Minneapolis St. Paul Residential Real Estate Index Welcome to the latest edition of the UST Minneapolis St. Paul Residential Real Estate Index. The University of St Thomas Residential
More informationPRESS RELEASE. Home Prices Grew at Twice the Rate of Inflation in 2014 According to the S&P/Case-Shiller Home Price Indices
Home Prices Grew at Twice the Rate of Inflation in 2014 According to the S&P/Case-Shiller Home Price Indices New York, February 24, 2015 today released the latest results for the S&P/Case-Shiller Home
More informationPRESS RELEASE. Home Price Gains Lead Housing According to the S&P/Case-Shiller Home Price Indices
Home Price Gains Lead Housing According to the S&P/Case-Shiller Home Price Indices New York, July 28, 2015 today released the latest results for the S&P/Case-Shiller Home Price Indices, the leading measure
More informationSt. Louis County House Price Appreciation 2000-2010
REAL ESTATE RESEARCH SERVICES Housing Market Highlights Summer 2011 by William H. Rogers, Associate Professor of Economics, Department of Economics at the Univeristy of Missouri at Saint Louis St. Louis
More informationSelf-Storage Investment Trends to Watch. April 16, 2015
Self-Storage Investment Trends to Watch April 16, 2015 Economic Outlook Underpins Self-Storage Sector Hiring Makes Steady Gains Supports Broader Economic Performance Quarterly Job Growth (Millions) 0.9
More informationThe Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners
The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners July 2014 U.S. Department of Housing and Urban Development Office of Policy Development and Research U.S
More informationThe Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners
The Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners February 2015 U.S. Department of Housing and Urban Development Office of Policy Development and Research
More information2015 NAR Investment And Vacation Home Buyers Survey
2015 NAR Investment And Vacation Home Buyers Survey NATIONAL ASSOCIATION OF REALTORS Research Division April 2015 2015 NAR Investment and Vacation Home Buyers Survey Contents Introduction... 3 Market Environment...
More informationReference: Gregory Mankiw s Principles of Macroeconomics, 2 nd edition, Chapters 10 and 11. Gross Domestic Product
Macroeconomics Topic 1: Define and calculate GDP. Understand the difference between real and nominal variables (e.g., GDP, wages, interest rates) and know how to construct a price index. Reference: Gregory
More informationPUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION
SMALL BANK Comptroller the Currency Administrator National Banks Washington, DC 20219 PUBLIC DISCLOSURE March 24, 2008 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Charter National Bank And Trust
More informationThe Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners
The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners April 2014 U.S. Department U.S Department of Housing of Housing and Urban and Urban Development Development
More informationC O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S. Pueblo, Colorado. Summary. Economy
C O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S Pueblo, Colorado U.S. Department of Housing and Urban Development Office of Policy Development and Research As of May 1, 26 Summary Housing
More informationZillow Negative Equity Report
Overview The housing market is finally showing signs of life, with many metropolitan areas having hit the elusive bottom and seeing home value appreciation, however negative equity remains a drag on the
More informationThe Housing recovery is here! Should you buy a house?
The Housing recovery is here! Should you buy a house? William Wheaton Department of Economics Center for Real Estate MIT January, 2014 IAP 1). Why there will be a recovery. - Household Formation unusually
More informationFirst Time Underwater
First Time Underwater The Impact of the First-time Homebuyer Tax Credit Dean Baker April 2012 Center for Economic and Policy Research 1611 Connecticut Avenue, NW, Suite 0 Washington, D.C. 20009 202-293-53
More informationSummary. Abbas P. Grammy 1 Professor of Economics California State University, Bakersfield
The State of the Economy: Kern County, California Summary Abbas P. Grammy 1 Professor of Economics California State University, Bakersfield Kern County households follow national trends. They turned less
More informationPUBLIC DISCLOSURE. May 29, 2012 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION. Midland FS&LA Charter Number 704475
SMALL BANK Comptroller of the Currency Administrator of National Banks Washington, DC 20219 PUBLIC DISCLOSURE May 29, 2012 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Midland FS&LA Charter Number
More informationThe Cost of Maintaining Ownership in the Current Crisis
The Cost of Maintaining Ownership in the Current Crisis Comparisons in 20 Cities Dean Baker, Danilo Pelletiere and Hye Jin Rho April 2008 Center for Economic and Policy Research National Low Income Housing
More informationPHI 2014 Q2 ECONSULT SOLUTIONS, INC. PHILADELPHIA HOUSING INDEX
INDEX PHI 2014 Q2 Quarterly Index 1 Sales by Price per Square Foot. 2 Sales Volume by Price Range..3 Statistics by District.. 4 Quarterly Index by Subregion.. 5 Background and Notes.... 6 QUARTERLY INDEX
More informationAustin, TX: An Economic Prospectus. Growing Pains of Austin
Austin, TX: An Economic Prospectus CCIM Symposium Growing Pains of Austin January 30, 2013 Why Choose Austin? Unique combination of big city growth rates and feel of small, weird university town Diversified
More informationA Strong Housing Recovery Fuels Growth
Chapman University A. Gary Anderson Center for Economic Research FOR RELEASE: ONLINE: June 12, 2013; 10:00 a.m. PRINT: June 13, 2013 CONTACT: James Doti, President and Donald Bren Distinguished Chair of
More informationNational Property Type Cycle Locations. Hotel Full-Service Hotel Ltd. Service Retail 1st Tier Regional Mall. Retail Neighborhood/Community
Cycle Monitor Real Estate Market Cycles Fourth Quarter 0 Analysis February 0 Physical Market Cycle Analysis of All Five Major Property Types in More Than 0 MSAs. U.S. GDP growth of.% was more than double
More informationCBRE Cap Rate SURVEY. second Half 2014. A CBRE RESEARCH Publication
CBRE Cap Rate SURVEY A CBRE RESEARCH Publication United States Overview Key National Observations Commercial real estate in the U.S. continues to be very attractive. The investment landscape also remains
More informationTenure by Household Size - 2009
NEIGHBORHOOD APARTMENT MARKET ANALYSIS CITY OF CHICAGO Market Composition & Distribution The neighborhood apartment market consists of a range of properties developed from the early 1900s to more modern,
More informationEconomic indicators dashboard
AS OF NOVEMBER 17, 2015 Economic indicators dashboard Vist www.blog.helpingadvisors.com for the full commentary of the Economic Indicators Dashboard. MOST RECENT 3-MO. trend TYPICAL range EXTREME range
More informationMultifamily Market Commentary July 2014 The Nation s Aging Multifamily Housing Stock
Multifamily Market Commentary July 2014 The Nation s Aging Multifamily Housing Stock Although America s population is rising at its slowest pace in more than 70 years, and it has taken 76 months for employment
More informationMore than Just Curb Appeal Factors that affect the Housing Market
Insight. Education. Analysis. M a r c h 2 0 1 5 More than Just Curb Appeal Factors that affect the Housing Market By Kevin Chambers Not only is buying a house usually the largest purchase anyone will make,
More informationCHAPTER 19 DATA SOURCES FOR REAL ESTATE MARKET ANALYSIS
CHAPTER 19 DATA SOURCES FOR REAL ESTATE MARKET ANALYSIS INTRODUCTION SOURCES FOR REAL ESTATE MARKET DATA SOURCES FOR ECONOMIC AND DEMOGRAPHIC DATA INTRODUCTION Below we provide a partial list of sources
More informationThe Current Crisis in the Subprime Mortgage Market. Jason Vinar GMAC ResCap
The Current Crisis in the Subprime Mortgage Market Jason Vinar GMAC ResCap Overview Merrill s Market Economist, August 2006 Morgan Stanley s Mortgage Finance, March 2007 Citigroup s Housing Monitor, March
More informationS&P/Case-Shiller Home Price Indices 24%
HOME PRICES CONTINUE STEADY AINS IN MARCH ACCORDIN TO THE S&P/CASE-SHILLER HOME PRICE INDICES NEW YORK, MAY 31, 2016 S&P Dow Jones Indies today released the latest results for the S&P/Case-Shiller Home
More informationUS HOUSING MARKET MONTHLY
US HOUSING MARKET MONTHLY th Oct. Editor: Ed Stansfield New build sales finally making some headway Overview: The drop in mortgage rates towards the end of September has given mortgage applications a boost,
More informationPUBLIC DISCLOSURE. March 17, 2008 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION. Pioneer Trust Bank, National Association Charter Number 21060
O SMALL BANK Comptroller the Currency Administrator National Banks Washington, DC 20219 PUBLIC DISCLOSURE March 17, 2008 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Pioneer Trust Bank, National Association
More informationHUD PD&R Housing Market Profiles
Philadelphia, Pennsylvania Quick Facts About Philadelphia By Timothy D. McNally Current sales market conditions: slightly soft. Current apartment market conditions: balanced. Of the top 10 employers in
More informationCRE PRICE RECOVERY CONTINUES WITH STRONG SHOWING IN NOVEMBER HEALTHY DEMAND FOR CRE BUOYS NET ABSORPTION AND PRICE GAINS
CCRSI RELEASE JANUARY 2015 (With data through November 2014) CRE PRICE RECOVERY CONTINUES WITH STRONG SHOWING IN NOVEMBER HEALTHY DEMAND FOR CRE BUOYS NET ABSORPTION AND PRICE GAINS This month's CoStar
More informationHow Government Regulation Affects the Price of a New Home
How Government Regulation Affects the Price of a New Home Paul Emrath, Ph.D. National Association of Home Builders Economics and Housing Policy Group Over the past several years, the market for new housing
More informationASSESSING RISK OF SENIOR LIVING OVER-SUPPLY A LONG-TERM PERSPECTIVE
TOPICS ASSESSING RISK OF SENIOR LIVING OVER-SUPPLY A LONG-TERM PERSPECTIVE The ratio of new openings to existing inventory ratio (the new openings ratio ) in combination with the ratio of units currently
More informationHome Prices Continue to Increase in November According to the S&P/Case-Shiller Home Price Indices
Home Prices Continue to Increase in November According to the S&P/Case-Shiller Home Price Indices New York, January 26, 2016 S&P Dow Jones Indices today released the latest results for the S&P/Case-Shiller
More informationTHE STATE OF THE ECONOMY
THE STATE OF THE ECONOMY CARLY HARRISON Portland State University Following data revisions, the economy continues to grow steadily, but slowly, in line with expectations. Gross domestic product has increased,
More informationThe Strategic Assessment of the St. Louis Region
The Strategic Assessment of the St. Louis Region 7th Edition, 2015 WHERE The 7th Edition of Where We Stand (WWS) presents 222 rankings comparing St. Louis to the 50 most populated metropolitan areas in
More informationSalt Lake Housing Forecast
2015 Salt Lake Housing Forecast A Sustainable Housing Market By James Wood Director of the Bureau of Economic and Business Research Commissioned by the Salt Lake Board of REALTORS By year-end 2013 home
More informationDenver tops U.S. for home appreciation, Zillow reports
Page 1 of 7 Log in About Us Sponsors Door 2 Door People In The News Contact Denver tops U.S. for home appreciation, Zillow reports Posted by John Rebchook December 30, 2015 3 Comments Tweet Like 63 Share/Bookmark
More informationThe Housing Downturn in the United States 2009 First Quarter Update
The Housing Downturn in the United States 2009 First Quarter Update May 2009 TABLE OF CONTENTS The Housing Downturn in the United States: 2009 First Quarter Update Introduction The Housing Downturn: National
More informationCITY OF CAMBRIDGE, MASSACHUSETTS. Housing Profile
CITY OF CAMBRIDGE, MASSACHUSETTS Housing Profile Cambridge Community Development Department August 2010 CAMBRIDGE HOUSING MARKET INFORMATION TABLE OF CONTENTS GENERAL INFORMATION 1. 2010 Cambridge Housing
More informationThe Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners
The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners June 2013 U.S. Department of Housing and Urban Development Office of Policy Development Research U.S Department
More informationNew York State Economic Indicators Dashboard
New York State Private Sector Employment (000s) September 2015 7,855.2 August 2015 7,851.1 Change from last month 0.1% September 2014 7,720.1 Change from last year 1.7% About the Data: Monthly private
More informationJuly 2015 Montgomery County Market Trends Report Townhouses and condos lead the way in sales gains
FOR IMMEDIATE RELEASE Contact: Bobette Banks 301-590-8764 Director of Communications Greater Capital Area Association of REALTORS bbanks@gcaar.com July 2015 Montgomery County Market Trends Report Townhouses
More informationTHE STATE OF THE NATION S HOUSING 2016
THE STATE OF THE NATION S HOUSING 2016 KEY FACTS Facts from the 2016 State of the Nation s Housing Report from the Joint Center for Housing Studies of Harvard University PURPOSE The State of the Nation
More informationEconomic Forecast OUTPUT AND EMPLOYMENT WHAT THE TABLE SHOWS:
Economic Forecast OUTPUT AND EMPLOYMENT 7 8 9 1 11 1 1 1 15 United States Real GDP $ billions (fourth quarter) $1,996 $1,575 $1,5 $1,9 $15, $15,5 $15,9 $16,51 $17,1 % change over the four quarters 1.9%
More informationHomeownership in a Bubble: The Fast Path to Poverty? Dean Baker and Simone Baribeau 1. August 13, 2003
cepr Center for Economic and Policy Research Issue Brief Homeownership in a Bubble: The Fast Path to Poverty? Dean Baker and Simone Baribeau 1 August 13, 2003 Center for Economic and Policy Research 1611
More informationPalm Bay-Melbourne-Titusville, Florida
COMPREHENSIVE HOUSING MARKET ANALYSIS Palm Bay-Melbourne-Titusville, Florida U.S. Department of Housing and Urban Development Office of Policy Development and Research As of April 1, 2012 Summary Housing
More informationMaking Sense of the Housing Recovery
Making Sense of the Housing Recovery John V. Duca * Associate Director of Research and Vice President Federal Reserve Bank of Dallas Adjunct Professor Southern Methodist University * I thank Camden Cornwell
More informationCOMMERCIAL PROPERTY PRICE INDICES SPRING FORWARD IN MAY
CCRSI RELEASE JULY 2015 (With data through May 2015) COMMERCIAL PROPERTY PRICE INDICES SPRING FORWARD IN MAY RECORD LEVELS OF CRE SPACE ABSORPTION SUPPORTED BROAD PRICE GAINS This month's CoStar Commercial
More informationIntroduction to Commercial Real Estate: An Overview (415) 713-0213
Introduction to Commercial Real Estate: An Overview By www.the The-Commercial-Group.com (415) 713-0213 www.the-commercial-group Group.com Agenda Legal Obligations Commercial Leasing Business Opportunities
More information[03.03] Guidelines for the User Cost Method to calculate rents for owner occupied housing. International Comparison Program
International Comparison Program [03.03] Guidelines for the User Cost Method to calculate rents for owner occupied housing Global Office 3 rd Technical Advisory Group Meeting June 10-11, 2010 Paris, France
More informationThe Wealth of Households: An Analysis of the 2013 Survey of Consumer Finances
November 214 The Wealth of Households: An Analysis of the 213 Survey of Consumer Finances By David Rosnick and Dean Baker* Center for Economic and Policy Research 1611 Connecticut Ave. NW Suite 4 Washington,
More informationNational Property Type Cycle Locations. Industrial R&D Flex Retail Factory Outlet. 4th Qtr 2015. Source: Mueller, 2016
Cycle Monitor Real Estate Market Cycles Fourth Quarter 0 Analysis February 0 Physical Market Cycle Analysis of All Five Major Property Types in More Than 0 MSAs. Gross Domestic Product (GDP) continued
More informationEstimation of NOI Growth, Volatility and Clustering by MSA
Estimation of NOI Growth, Volatility and Clustering by MSA Yongheng Deng University of Southern California Jeffrey D. Fisher Indiana University Anthony B. Sanders The Ohio State University Brent Smith
More informationPolicy Analysis Report
CITY AND COUNTY OF SAN FRANCISCO BOARD OF SUPERVISORS BUDGET AND LEGISLATIVE ANALYST 1390 Market Street, Suite 1150, San Francisco, CA 94102 (415) 552-9292 FAX (415) 252-0461 Policy Analysis Report To:
More informationDurango Real Estate: Look West to Cal-i-forn-i-a by Luke T Miller
Durango Real Estate: Look West to Cal-i-forn-i-a by Luke T Miller As a finance professor, I often get asked my opinion of the housing market. Many times I respond with the most recent housing numbers.
More informationA Banker s Quick Reference Guide to CRA
Federal Reserve Bank of Dallas A Banker s Quick Reference Guide to CRA As amended effective September 1, 2005 This publication is a guide to the CRA regulation and examination procedures. It is intended
More informationChapter 11: Activity
Economics for Managers by Paul Farnham Chapter 11: Measuring Macroeconomic Activity 11.1 Measuring Gross Domestic Product (GDP) GDP: the market value of all currently yproduced final goods and services
More informationThis Copy has been provided to you by: ParaWest Management. Scottsdale, AZ 85258 480.951.4872 ms@parawestmanagement.com
This Copy has been provided to you by: ParaWest Management 7979 N. Hayden Rd., Suite D263 Scottsdale, AZ 85258 480.951.4872 ms@parawestmanagement.com Greater Phoenix economic fundamentals have not really
More informationMortgage Bankers Association of Central Florida
Mortgage Bankers Association of Central Florida Real Estate Appreciation in Single-Family Homes in the Orlando MSA: March 2015 Update (February 26, 2015) Stanley D. Smith Professor of Finance University
More informationThe Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners
The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners August 2013 U.S. Department of Housing and Urban Development Office of Policy Development Research U.S Department
More informationReal Estate Trends. in the Sacramento Region. Key Points
Real Estate Trends The opening of Golden 1 Center in the fall of 2016 will certainly be one of the most significant events in recent Sacramento history. Golden 1 Center Downtown Sacramento photo credit:
More informationCREDIT UNION TRENDS REPORT
$ in Billions CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics July 216 (May 216 Data) Highlights During May, credit unions picked-up 431, in new memberships, loan and savings balances grew at an
More informationHousing Markets in Six Metropolitan Areas and their Main Central Cities
Housing Markets in Six Metropolitan Areas and their Main Central Cities Rolf Pendall Director, Metropolitan Housing and Communities Policy Center, The Urban Institute Housing issues and opportunities at
More informationSeparating the Good From the Bad From the Ugly: Indicators for Housing Market Analysis
Data Shop Data Shop, a department of Cityscape, presents short articles or notes on the uses of data in housing and urban research. Through this department, PD&R introduces readers to new and overlooked
More informationPUBLIC DISCLOSURE. January 22, 2007 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION. Virginia Heritage Bank. 11166 Fairfax Boulevard
PUBLIC DISCLOSURE January 22, 2007 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Virginia Heritage Bank 3374298 11166 Fairfax Boulevard Fairfax, Virginia 22030 Federal Reserve Bank of Richmond P. O.
More informationReverse Mortgage Market Index (Q2 2015 RMMI) NRMLA/RiskSpan September 21, 2015
Reverse Mortgage Market Index (Q2 2015 RMMI) NRMLA/RiskSpan September 21, 2015 Presentation Outline Trends in Senior Housing Aggregate Home Values (Q1 2000 Q2 2015) Aggregate Mortgage Debt Levels (Q1 2000
More informationTrends. Trends in Office Buildings Operations, 2011
Trends Trends in Office Buildings Operations, 2011 THE SAMPLE This 2012 edition represents 2011 data collection from nearly 2,700 private-sector buildings across the United States and Canada. This year
More informationHOUSING PROFILE. Housing + Real Estate + Home Building. A Marketplace Snapshot. for Greenville, Pickens, and Laurens counties, South Carolina
HOUSING PROFILE A Marketplace Snapshot Housing + Real Estate + Home Building for Greenville, Pickens, and Laurens counties, South Carolina Produced by: Home Builders Association of Greenville Greater Greenville
More information