Skip to main content

Oregon In Top Single-Family Housing Markets! Team Thayer #RealEstate #housing #market #investor #news #oregon

Rising home prices, home appreciation, favorable affordability, and excellent economic and demographic conditions have set the stage for the top single-family housing markets in the U.S for investors.
Using current and forecasted housing fundamentals,Ten-X (formerly Auction.com) reported in its Top Single-Family Housing Markets Report for Spring 2016 released on Thursday that among the 50 largest U.S. markets, the top five single-family housing markets in the country are Seattle, Portland, Nashville, Palm Beach County, and Fort Lauderdale.
According to Ten-X, Seattle has been at the top of this list for three consecutive reports, while Portland once again claimed the second-place spot.  In Florida markets, Fort Lauderdale went from second to fifth on the list and Palm Beach County moved up to fourth place. Meanwhile, Nashville ranked third and marks its return to the top five for the first time in a year.
“We're continuing to see a return to fundamentals driving the housing market, as cities with above average population growth and job creation are recovering much more rapidly,” said Ten-X EVP Rick Sharga. “The solid tech sector has helped cities like Seattle and Portland maintain strong economic growth, which in turn has helped fuel the housing market, and the Florida housing market continues its post-recession recovery with South and Central Florida cities experiencing explosive growth.”
Ten-X's Top 5 Single-family Housing Markets 
MarketHome Price Growth, 
Year-over-Year		Home Sales Growth, 
Year-over-Year
Seattle, Washington 12.1 Percent 6.8 Percent
Portland, Oregon 12.4 Percent 4.7 Percent 
Nashville,  Tennessee 11.6 Percent6.1 Percent 
Palm Beach County, Florida 14.1 Percent 2.0 Percent 
Fort Lauderdale, Florida 8.0 Percent1.7 Percent 
“Despite a few economic headwinds, the U.S. housing market remains on solid ground,” said Ten-X Chief Economist Peter Muoio. “There are still some causes for concern, such as affordability and limited inventory, plus mortgage availability is still tight. But overall home sales should continue to prosper on the strength of fundamentals. Wages have gone up, interest rates are still low, and the labor market is healthy.”

Team Thayer www.teamthayer.com
JUSTIN LEE THAYER

Location: Eugene, OR 97401, USA

Popular posts from this blog

Grass Seed Video

Read more

When Will Bank Foreclosurews ‘Normalize’? Team Thayer #realestate #investor #housing #market #news #oregon

With much of the talk surrounding the housing market centered on “normalization” or returning to its pre-crisis state, one metric which the market is watching is the distressed sales share—the share of REO and short sales that comprise total residential home sales. For February 2016, the distressed sales share declined by 2.9 percentage points over-the-year (and 0.4 percentage points over-the month) down to 11 percent, according to  data released by CoreLogic  on Thursday. At their peak in January 2009, distressed sales accounted for nearly one-third of all residential home sales (32.4 percent) but has been declining steadily since then. By comparison, the pre-crisis share of distressed sales was typically around 2 percent; CoreLogic estimates that if the current rate of year-over-year decline continues, the distressed sales share will reach the “normal” pre-crisis level in slightly more than two years. “Prior to the housing crash, the distressed share of total...
Read more

Reverse Mortgage Foreclosure May Be At Increased Risk. Team Thayer #realestate #housing #market #foreclosure #Mortgage #news #oregon

San Francisco-based advocacy group  California Reinvestment Coalition  (CRC) has asked  HUD  to impose a moratorium on home equity conversion mortgage (HECM, or reverse mortgage) foreclosures by  CIT Group  and its subsidiary, Financial Freedom. CRC requested the moratorium based on new data it obtained from HUD in  the form of a fact sheet which shows that CIT Group/Financial Freedom were responsible for 39 percent of the 41,237 reverse mortgage foreclosures in the United States since April 2009 despite having an estimated market share of only 17 percent in the reverse mortgage market. Many of the reverse mortgage foreclosures that have occurred are “widow foreclosures,” or foreclosures that occur after the death of a non-borrowing spouse. These foreclosures are allowed to happen because some reverse mortgage originators name only the borrower on the reverse mortgage, which later allows the servicers to foreclose on the non-borrowing spouse. M...
Read more