Report April Inventory Robust Compared to 2013

first_imgReport: April Inventory ‘Robust’ Compared to 2013 Inventory and price continued to rise for the month of April, suggesting a healthier national housing market, according to the National Housing Trend Report released by Realtor.com. The group cited trends from the previous year, which found “dramatic shortages” being replaced in 2014 by moderate home price gains in tandem with increasing inventories.Realtor.com believes the bumps in both inventory and asking price suggest a strengthening national economy.”Home prices and inventories are more in balance in most markets—a sign of improving housing health and optimism across much of the country,” said Steve Berkowitz, CEO of Realtor.com operator Move, Inc. “As sellers gain confidence, we also are watching spring sales data closely to gauge whether buying activity will be in line with these early indicators.”Compared to the previous year, inventories in April were up 14.2 percent to roughly 2 million, while the median list price rose 6.5 percent year-over-year to $207,500. The time homes spent on the market was an average of 86 days, a 6.2 percent increase compared to the year before.The report noted that although some reports showed a cooling market in the beginning months of 2014, pending home sales in March experienced their first gain, rising 3.4 percent.The company’s report also commented on the slowing rate of home appreciation. The company believes that slowed appreciation signals that housing is becoming more affordable as rising equity comes more in line with asking prices.”However, these deficits aren’t as large, suggesting these markets are not likely to experience the kind of unsustainable appreciation that states like California experienced during most of 2013. While California, Nevada and Arizona continue to see supply-driven increases in prices in many markets, supply is beginning to catch up with demand,” the company said.Energy sector states continue to post strong gains in the housing market, with Texas and Colorado exceptionally strong. May 30, 2014 616 Views Sharecenter_img in Daily Dose, Data, Headlines, News Home Prices Housing Supply Move Inc. Pending-Home Sales 2014-05-30 Colin Robinslast_img read more

SingleFamily Housing Starts Make a Comeback

first_img Census Bureau Construction Housing Starts Residential Data 2016-05-17 Staff Writer in Daily Dose, Data, Government, Headlines, News Single-Family Housing Starts Make a Comeback Home building in the U.S. picked up again in April after reaching the slowest pace in seven months, easing some of the previous concern surrounding the construction sector.The U.S. Census Bureau and the HUD on Tuesday jointly released new residential construction statistics for April 2016. The report showed that privately-owned housing starts rose 6.6 percent from March’s rate of 1,099,000 to 1,172,000 in April at a seasonally adjusted annual rate. However, year-over-year, housing starts are down 1.7 percent from last April’s rate of 1,192,000.Meanwhile, single-family housing starts were at a rate of 778,000 in April, up 3.3 percent from the March figure of 753,000, the Bureau and HUD reported.”On a three-month moving average basis, single-family starts have been effectively flat since February, despite recent monthly volatility,” said Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB). “NAHB expects growth in single-family construction in the months ahead, given ongoing strength in the labor market and favorable demographics. Consistent with this forecast, single-family permits are running 8.4 percent higher in April than a year prior.””April usually sees a big increase in starts over March in the non-seasonally adjusted number as the weather is normally more hospitable to construction on site across the country,” said Realtor.com Chief Economist Jonathan Smoke. “This year’s increase of 21 percent is less than last year’s 36 percent but otherwise is the strongest April increase in 20 years.”Brian Betzler, Regional Sales Manager for TD Bank (based in Florida) said in response to today’s report, “Following a sharp slowdown in the first quarter, housing starts made a comeback in April. This rebound puts sales back on track for the ongoing recovery of the housing market.”Privately-owned housing units authorized by building permits rose 3.6 percent from March’s rate of 1,077,000 to a seasonally adjusted annual rate of 1,116,000 in April. However, building permits are down 5.3 percent year-over-year. Single-family authorizations in April were at a rate of 736,000, 1.5 percent above the revised March figure of 725,000. Authorizations of units in buildings with five units or more were at a rate of 348,000 in April, the report said.According to the Bureau and HUD, privately-owned housing completions fell 11 percent from March’s estimate of 1,048,000 to a seasonally adjusted annual rate of 933,000 in April. Completions are also down 7.4 percent from the April 2015 rate of 1,008,000. Single-family housing completions are down 3.6 percent from the revised March rate of 717,000 to 691,000 in April. The April rate for units in buildings with five units or more was 232,000.”It remains highly likely that the less severe winter this year pulled forward more activity into February, leading to last month’s disappointing March. It is good to see that April reversed that temporary decline in total activity,” Smoke said. “However, the declining year-over-year trend in multi-family construction looks to be real and reflects caution by developers to maintain the historically high level of apartment and condominium construction. Since household formation is outpacing completions, a lower level of multi-family new construction activity will keep vacancies low and will likely maintain above-average increases in rents.”The Collingwood Group Chairman Tim Rood identified a few warning signs associated with the homeownership rate in today’s residential report.“The homeownership rate now is around 63 percent—the lowest in 50 years,” Rood said. “It will likely be at or near 60 percent in a year’s time as the seriously delinquent population ends with a foreclosure or foreclosure alternative that results in a family no longer owning a home. That’s a slippery slope. If we can’t give first time homebuyers a shot at homeownership. When and/if the homeownership rate drops below 60 percent it could be a falling knife and create real pressure on home value.”Click here to view the full report.center_img May 17, 2016 722 Views Sharelast_img read more

Costly Coastlines

first_img June 6, 2018 470 Views 2018-06-06 Alison Rich Share in Daily Dose, Data, Headlines, journal, Newscenter_img Would-be buyers casting their net for a shelter by the shore would be wise to take note: according to a new CoreLogic study, the nation’s priciest places to live are largely located on its two coasts. And amid today’s morphing marketplace—i.e., new limits on state and local tax deductions compounded by a drop in the mortgage interest deduction—potential purchasers might not bite if the price isn’t right.A quick glance at CoreLogic’s methodology: Employing data pulled from public records to assess the high-cost locales, the company first estimated the annual mortgage interest payment for each county it studied. Then it pinpointed the median annual property tax amount and then ranked the counties by total cost, identifying the top-100 highest-cost counties.On the West Coast, California hosts a high concentration of expensive communities, CoreLogic reports. Twenty-two Golden State counties made the list—all of them adjacent to or close to the coast; 16 of those also residing in the top-50 list. Four California counties—San Mateo, San Francisco, Marin, and Santa Clara—had an average 2017 loan origination amount over the new maximum of $750,000 and a median property tax amount north of $6,000.Prices are also making waves on the East Coast, the study found. There, New York and New Jersey together represent 23 of the top-100 counties and 28 percent of the top 50. Last year’s (gulp) $924,000 average loan amount in New York, New York, outstrips the new origination limit for mortgage interest tax.Although it’s between the coasts, Texas’ surging property tax amounts gained that state a seat at the top-100 table, with five counties materializing on the list. While not in the top 50 when looking at both mortgage interest expense and property tax, four of them—Collin and Denton (Dallas-Plano-Irving CBSA), Travis (Austin-Round Rock CBSA), and Fort Bend (Houston area)—have median property taxes topping $5,000. If ranked by property tax amounts alone, each of those four counties would rank in the top 50.Read the full study on CoreLogic’s site here. Costly Coastlineslast_img read more

Homeowners Regret—How Many Would Return to Rental

first_imgHomeowners’ Regret—How Many Would Return to Rental? May 10, 2019 684 Views in Daily Dose, Data, Featured, News, Origination Sharecenter_img According to a study from LendingTree, though most homeowners say they prefer owning over renting, more than 1 in 10 say that they would like to go back to renting.Young homebuyers report the highest dissatisfaction with homeownership. LendingTree reports that 23% of Gen X homeowners and 21% of millennials are dissatisfied with their home, compared to 4% of baby boomers and 3% of homeowners aged 73 and older. Additionally, almost a quarter of parents with kids under the age of 18 are dissatisfied with their home.According to LendingTree, factors impacting homeowner outlook on renting vs. owning can include the level of commitment that goes into becoming a homeowner, as well as the financial responsibilities involved.Rents increased 2.9% year over year in February 2019, and CoreLogic states that Single-family rents climbed steadily starting in 2010, and annual rent increases have stabilized, fluctuating between 2.7 and 3.1% for the past 12 months. However, in some metros, renting is still cheaper than owning. LendingTree compared monthly rental and mortgage payments for homes in the 50 largest U.S. metros to rank the top locales for each option. LendingTree’s list of cities where renting is cheaper than owning a home includes Louisville, Kentucky; Milwaukee; Oklahoma City; and more.This preference for renting could be good news for investors. Real estate investments, including rental properties, are more popular than ever, according to a recent Gallup poll. That poll found that 35% of Americans consider real estate to be a superior investment over stocks, compared to 27% who said stocks were a wiser choice.For these investors, “opportunity zones” may be the way to go.Department of Housing and Urban Development Secretary Benjamin Carson was recently interviewed on Fox News’ “The Next Revolution with Steve Hilton” to talk the proposed new regulations aimed at making it easier for investors to take advantage of tax breaks for investing in “Opportunity Zones” in low-income areas.Going forward into 2019, real estate investment will be about “looking good,” according to Chris Dunlap, VP and Risk Services Lead for Hub’s National Real Estate Practice.“Properties that maintain—or improve—their standing will be best positioned to keep costs at bay,” said Dunlap. “The proven way to do this is to invest in tighter risk management, including disaster preparedness ahead of the next catastrophic event and engaging your property policy broker to do what they do best—negotiate on your behalf.” homeowners Renting 2019-05-10 Seth Welbornlast_img read more

PHOENIX – Many names have already been thrown out

first_imgPHOENIX – Many names have already been thrown out as potential head coach candidates for the ASU job, but Cardinals running back Beanie Wells believes his former coach Jim Tressel would be a good fit in Tempe.“If I was ASU, I would jump on him immediately. He’s a good football coach and would work wonders for the program,” said Wells on the Arizona Sports 620’s Doug and Wolf show Tuesday. What an MLB source said about the D-backs’ trade haul for Greinke 0 Comments   Share   Tressel was forced to resign back in May amid allegations of rules violations during the 2010 season.While Wells was quick to point out Tressel’s accomplishments, he also said it would be prudent for ASU to be cautious.“With any situation, you want to be cautious and see the sanctions and the penalties he’s going to have to face,” said Wells.Tressel is an intriguing name and would be a major splash if ASU were to hire him, but it’s hard to say if he’s learned his lesson because the last thing ASU needs is a major scandal in a few years. Top Stories center_img Nevada officials reach out to D-backs on potential relocation D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Cardinals expect improving Murphy to contribute right awaylast_img read more

The 5 Takeaways from the Coyotes introduction of

first_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Comments   Share   In his two seasons at Nebraska, the standout defensive end had 17.5 sacks, 120 total tackles and two forced fumbles. He also had two interceptions, with one resulting in a touchdown. Gregory was named second-team All-American and first-team All-Big-Ten in 2014. Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and selling Top Stories The Cardinals are just one of many teams Gregory has visited leading up to the draft. Just last week, he met with the Baltimore Ravens and the Jacksonville Jaguars. He plans to visit the Pittsburgh Steelers and San Diego Chargers next.The former Cornhusker has been involved in some off the field issues in the last year and a half. Gregory tested positive for marijuana at the NFL combine, something that could affect his draft stock.That was just the latest incident in a detailed history involving marijuana. Gregory jeopardized his season in 2014 when he failed two drug tests; one in January and one in April.The Cardinals are interested in the defensive end because they have a need for a pass rusher. Just three players had more than two sacks last season, and Arizona was 24th in the NFL with 35 sacks as a team. One of the best pass rushers available in the upcoming draft visited the Arizona Cardinals over the weekend. On Sunday, #Nebraska DE Randy Gregory visited the #AZCardinals, source said. As you can imagine, he’s had a busy few weeks.— Ian Rapoport (@RapSheet) April 13, 2015 Grace expects Greinke trade to have emotional impactlast_img read more

Of the three straight teams head coach Bruce Arian

first_imgOf the three straight teams head coach Bruce Arians has fielded with double-digit wins, the 2015 Cardinals are best suited for a deep postseason run, thanks to a balanced offense, excellent deep passing game and defense that excels at forcing turnovers.Marvez had previously given the Cardinals a ‘B’ in the first quarter and a ‘B+’ at midseason.The Cardinals boast the league’s top offense, averaging 419.5 yards and 31.8 points per game. Their defense ranks fourth overall, yielding an average of 316.8 yards per contest. Arizona is the only team in the league to be ranked in the top five in both total offense and total defense.The Denver Broncos and Cincinnati Bengals also earned ‘A’ grades at the three-quarter mark, while the New England Patriots got an ‘A-‘.The undefeated Carolina Panthers were the only team to get a mark of ‘A+’.In what may be a much more telling sign of the league this season, Marvez gave 10 teams an overall third-quarter grade of ‘D’ or worse, with the Cleveland Browns, San Diego Chargers and Tennessee Titans all earning ‘Fs’. – / 24 There’s no two ways about it — the Arizona Cardinals have been one of the NFL’s best and most consistent teams in 2015.Currently riding a six-game winning streak that includes impressive wins over the Seattle Seahawks and Cincinnati Bengals, Bruce Arians’ team sits at 10-2 and has a comfortable three-game lead in the NFC West with just four regular-season games remaining.Alex Marvez of Fox Sports handed out his third-quarter NFL report cards the Cardinals are one of five teams to earn an ‘A’ for the session. Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories Former Cardinals kicker Phil Dawson retires Arizona Cardinals running back David Johnson, right, catches a 10-yard pass for a touchdown as St. Louis Rams linebacker Akeem Ayers defends during the third quarter of an NFL football game on Sunday, Dec. 6, 2015, in St. Louis. (AP Photo/Tom Gannam) Comments   Share   Grace expects Greinke trade to have emotional impactlast_img read more

The 5 Takeaways from the Coyotes introduction of

first_img The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo 8 Comments   Share   Asked Larry Fitzgerald about his plans today. Said, “About to tee off shortly, that’s on my mind right now.” Obviously https://t.co/3fkdo0R61Y— Ian Rapoport (@RapSheet) January 29, 2018According to Warner, how successful Fitzgerald believes the team can be is one of the bigger factors in the wide receiver’s decision. “I think he feels like he can still do it,” Warner said. “But I know he wants to win a championship and compete for a championship.”Former head coach Bruce Arians and Warner have the same feeling that Fitzgerald will return under the right circumstances.“I think Larry will do the right thing for him,” Warner said. “I think if he feels like it’s a great situation to succeed and be a part of this new regime, then he’ll be back.” Derrick Hall satisfied with D-backs’ buying and selling LISTEN: Kurt Warner, NFL Network analyst and Cardinals great Warner has sensed a different tone when talking to Fitzgerald about possibly retiring this offseason compared to years in the past.“There were times where I got more of a sense that I got that he was leaning towards maybe not coming back,” Warner said. “Last couple of times I’ve talked, I really feel like he wants to come back and play this season and he’s more committed to it. But that was before all the changes that took place.”Despite the recent offseason changes, Warner believes that Fitzgerald will take a step back and evaluate the team.“I think he’s probably sitting back and going, ‘OK, let me meet (head coach) Steve Wilks, let me meet (offensive coordinator) Mike McCoy, let me see what happens at the quarterback position before I finalize this,’” Warner said. “But I get the feeling that he is going to come back.” Arizona Cardinals wide receiver Larry Fitzgerald walks off the field following the team’s NFL football game against the Seattle Seahawks, Sunday, Dec. 31, 2017, in Seattle. The Cardinals won 26-24. (AP Photo/John Froschauer) Former Cardinals kicker Phil Dawson retires Your browser does not support the audio element. As familiar faces move on from the Arizona Cardinals and new faces come in, fans can only sit and wonder if the team’s all-time leading receiver, Larry Fitzgerald, will come back to play another season.However, Fitzgerald’s former Hall of Fame quarterback believes that Fitzgerald is leaning toward competing for at least one more season.“When I had conversations with him I get the sense that he is coming back,” Kurt Warner said on 98.7 FM Arizona Sports Station’s Bickley & Marotta Monday. “He feels like he can still contribute and play, and play at a high level.” Top Stories Grace expects Greinke trade to have emotional impactlast_img read more

One of the highestrated quarterbacks in the upcom

first_img One of the highest-rated quarterbacks in the upcoming NFL Draft will reportedly meet with the Arizona Cardinals, among other teams, in the next 10 days.According to NFL Network’s Rich Eisen, UCLA quarterback Josh Rosen will meet with the Cardinals sometime in the next week and a half, as well as with the Denver Broncos, Miami Dolphins and others.Rosen has reportedly already had private workouts with the Buffalo Bills, Cleveland Browns, New York Jets and the New York Giants. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo The 6-foot-4 junior is the third-ranked quarterback according to ESPN’s Mel Kiper Jr., and is projected to be the 10th overall pick in his latest mock draft.Related LinksArizona Cardinals 2018 Mock Draft TrackerCardinals’ top leaders attend QB Sam Darnold’s pro dayArizona Cardinals officially sign quarterback Sam BradfordRosen had a sensational freshman season in 2015 for the Bruins, throwing for 3,670 yards and 23 touchdowns. But his production took a dip the following season, as he threw for 1,915 yards and only 10 touchdowns after a shoulder injury limited him to six games in 2016.His production picked up in 2017, throwing for 3,756 yards and 26 touchdowns with 10 interceptions. He sat out one game due to a concussion and elected not to play in the Bruins’ loss to Kansas State in the Cactus Bowl in December.Rosen exhibited impressive arm strength and accuracy throughout his career at UCLA, warranting Kiper to call him the “most ready” quarterback in the upcoming class to start Week 1 next season.The Cardinals signed free agent quarterbacks Sam Bradford and Mike Glennon earlier in March, but are still reportedly interested in drafting a quarterback. On Wednesday, members of the Cardinals front office and coaching staff attended the pro day of USC quarterback Sam Darnold. 19 Comments   Share   Grace expects Greinke trade to have emotional impact UCLA’s Josh Rosen (3) throws a pass against Arizona State during the first half of an NCAA college football game against Arizona State on Saturday, Oct. 8, 2016, in Tempe, Ariz. (AP Photo/Ross D. Franklin) Former Cardinals kicker Phil Dawson retires Top Stories Derrick Hall satisfied with D-backs’ buying and sellinglast_img read more

New Orleans Saints running back Alvin Kamara 41

first_imgNew Orleans Saints running back Alvin Kamara (41) pulls in a touchdown reception in front of Philadelphia Eagles strong safety Malcolm Jenkins (27) during the second half of an NFL football game in New Orleans, Sunday, Nov. 18, 2018. The Saints won 48-7. (AP Photo/Bill Feig) Former Cardinals kicker Phil Dawson retires Doug Franz didn’t let that distract him. He was the only one holding out on the Saints last week but gave them their due by dropping Kansas City from first to fourth this week.Ron Wolfley, however, saw things differently. He had New Orleans first in his previous poll but was mighty impressed by Los Angeles’ 54-51 win. Wolf bumped the Rams from third in last week’s rankings to first this week.Related LinksDoug & Wolf power poll Week 11: Saints gain hold of top spotAnd Doug & Wolf got a special pollster this week. NFL insider John Clayton joined the show Wednesday and led his top five power poll with the Saints, followed by the Rams and Chiefs.For once, everyone who took part agreed: The three top teams were joined, in different orders, by the New England Patriots and Pittsburgh Steelers for what’s a clear top-five.Doug Franz5. Patriots4. Chiefs3. Steelers2. Rams1. SaintsRon Wolfley5. Patriots4. Steelers3. Chiefs2. Saints1. RamsJohn Clayton5. Patriots4. Steelers3. Chiefs2. Rams1. Saints Derrick Hall satisfied with D-backs’ buying and selling There’s strong movement in Doug & Wolf’s Week 12 NFL power poll, no surprise considering the Los Angeles Rams took down the electric Kansas City Chiefs in the highest-scoring Monday Night Football game in history.Don’t let that game, however, distract you from the fact that the New Orleans Saints were already heavy favorites in last week’s power poll and only put a 48-7 drubbing on the Philadelphia Eagles this past Sunday. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories 2 Comments   Share   Grace expects Greinke trade to have emotional impactlast_img read more