Gallagher Group Real Estate Team

Housing in 2018: Where Are Home Values Headed?

Analysts are expecting even higher home prices in 2018 than originally projected, according to new research.

Zillow’s 2017 Q4 Home Price Expectations Survey reveals experts are anticipating a 4.1 percent hike in the new year, up from the 3 percent they forecasted a year ago . . . Read More

Report: American Dream Incomplete Without Homeownership, Parties Say

In the country’s currently divisive environment, Democrats and Republicans agree on at least one American hallmark: homeownership.

Approximately 65 percent of Democrats and roughly 68 percent of Republicans surveyed for the Zillow® Housing Aspirations Report believe the American Dream is not complete without homeownership. . . . Read More

Home Prices Are ‘Unstoppable’—Will They Stay That Way?

Home prices grew in the latest S&P CoreLogic/Case-Shiller Indices, up 6.1 percent year-over-year in August, compared to 5.9 percent in July. The increase is against-grain in an economy gaining at a lesser pace, says S&P Dow Jones Indices Chairman of the Index Committee and Managing Director David M. Blitzer.

“Home price increases appear to be unstoppable" . . . Read More

Home Prices Keep Rolling, up 5.3 Percent in Q3

Home prices keep rolling, up 5.3 percent in third quarter of 2017, according to the latest quarterly report by the National Association of REALTORS® (NAR).

“The stock market’s climb to new record highs, the continued stretch of outstanding job growth and mortgage rates under 4 percent kept homebuyer demand at a very robust level throughout the summer,” says Lawrence Yun, chief economist at NAR . . . Read More

Homeownership Rate Improves for Second Time in 2017

The homeownership rate improved to 63.9 percent in the third quarter—the second time it has inched up this year, slightly topping 63.7 percent in the second quarter and 63.5 percent this time last year, according to the U.S. Census Bureau’s recent Quarterly Housing Vacancies and Homeownership report. Another second-time win? . . . Read More

A Cooldown in Housing? Not This Season

Autumn began in September, but activity in the housing market remained at summer-like levels through October, according to realtor.com®’s latest data preview. Prices in October were 10 percent higher than those one year ago, with the national median at $275,000 and the national median age of inventory at 73 days . . . Read More

Home Prices Rapidly Rise: Is History Repeating Itself?

The current growth in home prices is echoing the lead-up to the recession. Is history repeating itself?

The answer is likely not, according to a recently released realtor.com® report. Building is lacking in many markets—one hallmark 10 years ago was over-construction—and credit standards are more stringent . . .Read More

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