Pending Home Sales Index

Slides:

Advertisements

Similar presentations

Unsold Inventory By Price Range California - Existing SFH Homes May 2012 vs. May 2013 SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® Note: Unsold Inventory.

Advertisements

CALIFORNIA HOUSING MARKET FORECAST June California Housing Market Outlook SERIES: CA Housing Market Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

California Real Estate Market Update Senate Transportation Committee March 7, 2012 Leslie Appleton-Young, Chief Economist.

CALIFORNIA HOUSING MARKET FORECAST April CALIFORNIA HOUSING MARKET OUTLOOK SERIES: CA Housing Market Outlook SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Rosen Consulting Group Real GDP Growth. Rosen Consulting Group U.S. Employment Growth.

FRESNO COUNTY Housing Affordability. MEDIAN PRICE OF EXISTING DETACHED HOMES Fresno County, January 2015: $211,470, Up 14.9% YTY SERIES: Median Price.

CALIFORNIA HOUSING MARKET UPDATE October 23, 2014 Selma Hepp, PhD, Senior Economist California Association of Realtors®

SAN DIEGO COUNTY Housing Affordability. MEDIAN PRICE OF EXISTING DETACHED HOMES San Diego County, Jan. 2015: $496,380, Up 3.6% YTY SERIES: Median Price.

National Association of Home Builders 2006 Fall Construction Forecast Conference House Prices: Boom or Bust? October 25, 2006 David W. Berson Vice President.

THE TRUTH ABOUT HOMEOWNERS – WHY THEY’RE NOT SELLING Presented by Carmen Hirciag Senior Research Analyst.

National Pending Sales Figures Tumble Pending home sales across the U.S. dropped in December to the lowest point since October The National Association.

Housing Starts at Six-Month High Single-family housing starts nationwide reached a six-month high in August, according to the latest report from the U.S.

2015 ANNUAL HOUSING MARKET SURVEY October 29, 2015 Oscar Wei, Senior Economist.

CALIFORNIA HOUSING MARKET FORECAST June U.S. HOUSING MARKET OUTLOOK SERIES: U.S. Existing home sales of single-family homes and condo/coops SOURCE:

DISTRESSED SALES PRESS RELEASE January 25, SHARE OF EQUITY SALES INCHED UP AFTER THREE CONSECUTIVE MONTHS OF DECLINE SERIES: Distressed Sales, Not.

First Real Estate Snapshot of Houston (FRESH) Here is HAR’s snapshot of the Houston housing market as of September 30, The complete September MLS.

2016 Annual Housing Market Survey

2016 California Economic & Market outlook

2016 economic and housing market Forecast

2017 Economic Outlook IREM Los Angeles

California Housing Market Update

California Housing Market Update

2018 Housing Market Outlook

Housing Price Bubble Housing price trends in US are usually measured by an indicator known as the Case-Shiller index Index constructed from repeated sales.

2018 Mid-Year Market Update

Grand Junction Colorado

Sales Lose Momentum as Mortgage Rates Continued to Climb

Inventory at the Lowest Level since June 2004

Inventory Declines Annually for the 16th Consecutive Month

March Home Sales Continued to Improve

Sales End 2017 with Slight Increase

Sales Had the 2nd Largest Drop in the Last 6 Months

Sales of Existing Detached Homes

Sales Had a Strong Bounce Back in February

Sales Had the Largest Decline since March 2014

Sales Lost Steam after a Strong Start in Q1

Home Sales: Largest Decline Since 2014

Inventory Index on the Rise

Sales Continued to Improve for the Third Consecutive Month

Sales Declined for the 3rd Consecutive Month

Sales Decline YTY for the Third Straight Month

California Housing Market Update

Sales of Existing Detached Homes

Sales Started the Year with Down

Sales Reached the Lowest Level since Jan 2015

California Housing Market Update

California Housing Market Update

California Housing Market Update

First Back-to-Back YTY Decline Since Last August

California Housing Affordability Update

California Housing Affordability Update

Inventory Index Down MTM but Up from 2017

Sales Declined the Most Since August 2014

Florida Manufacturing

Inventory Improved as Sales Continued to Fall

Sales Reached the Lowest Level since Apr 2008

Inventory Declines Annually for the 15th Consecutive Month

California Housing Market Update

Sales Highest in 6 Months

UII remained at low levels Decreasing from last year

California Housing Affordability Update

Sales Bounced Back After Small Dip Last Month

California Housing Affordability Update

Sales Highest since July 2013

California Housing Affordability Update

California Housing Market Update Monthly Sales and Price Statistics

California Housing Affordability Update

Sales of Existing Detached Homes

Sales Continue to Grow Annually

California Housing Affordability Update –

Presentation transcript:

Pending Home Sales Index October 2017

Decline in Pending Sales Suggests Softening in Closed Sales in Upcoming Months California: October 2017 Oct-16: 119 Oct-17: 116 SERIES: Pending Home Sales Index, Seasonally Adjusted SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Pending Sales vs. Closed Sales (Year-to-Year Percent Change) California: October 2017 P: -2.6% Raw sales figures. C: -3.4% SERIES: Pending Home Sales Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Bay Area Dropped for Double-Digits Year-Over-Year for the 4th Consecutive Month October 2017: San Francisco Bay = 129.9 SERIES: Pending Home Sales Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

So CA Had the Largest Annual Decline since August 2014 October 2017: Southern California = 93.7 SERIES: Pending Home Sales Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Central Valley Only Region to Post Gains From Last Year October 2017: Central Valley = 88.6 SERIES: Pending Home Sales Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Pending Home Sales By Region October 2017 SERIES: Pending Home Sales Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

Regional Pending Sales (Year-to-Year Percent Change) October 2017: SF Bay = -10.5% • So CA = -7.3% • Central Valley = +5.1% SERIES: Sales of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® 8

County Pending Sales SERIES: Pending Home Sales Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

California Market Velocity Increases YTY Oct-17: 75% Oct-16: 40% SERIES: Market Velocity Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® 10