On October 26, 2021, S&P Dow Jones Indices released results for the Case-Shiller Indices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index covering the entire USA reported a 19.8% annual gain (appreciation) in August compared to August 2020. Read more…
Month: October 2021
Investment funds are chasing after single family homes in view of low interest rates. Rents increased 6% last year, the highest increase in 35 years. Investors view single family residences as an inflation hedge, and occupancy rates are high. With Read more…
What real estate markets are most overvalued in the world? According to UBS Bank, the following major cities are in a bubble risk (Global Real Estate Bubble Index score over 1.5): -Frankfurt (2.16) -Toronto (2.02) -Hong Kong (1.9) -Munich (1.84) Read more…
According to George Ratiu, senior economist at realtor.com, the housing market decidedly shot way ahead of the economy in 2021. We saw an overheated market with multiple offers, waivers of contingencies, price escalation clauses, and record prices. He predicts that Read more…
Nicholas Gerli, of Renventure Consulting says that data from Realtor.com shows that Boise leads the nation in price reductions at 920%. He believes that a housing crash has started in Boise, Stockton, and Austin. He even states that Boise is in Read more…
According to the Coeur d’Alene Association of Realtors, the median sales prices of homes in Kootenai County in August were up 40% from a year prior, to $470,000. Likely reasons for the huge jump include low interest rates plus pandemic-related Read more…