Providing insights into the current U.S. housing market and commentary on future trends.

April 14, 2014

Federal Reserve Chair Janet Yellen said recently that the U.S. economy will need Fed stimulus, including low interest rates, for the foreseeable future.  Yellen’s statements alleviated fears that interest rates would begin to rise in mid-2015. “This extraordinary commitment is still needed and will be for some time, and I believe that view is widely shared by my fellow policy makers,” Yellen said Monday, March 31st at a…

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February 4, 2014

3-17-14: Due to a sourced (third party) data error, foreclosure numbers for some Florida and Colorado CBSAs were inflated in our original story.  This error has been researched and corrected by the data provider.  The story now includes the updated foreclosure numbers.  According to the U.S. Census Bureau, Nassau and Suffolk counties have the 10th and 26th highest median household incomes in the nation.  Nassau County is also…

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December 30, 2013

All of us at Home Value Forecast would like to wish you the very best during the holiday season and a happy New Year! As 2013 comes to an end, Home Value Forecast looks back at trends over the last 12 months in a number of residential real estate categories.   2013 delivered big improvements in the housing market, but a closer look shows that the recovery varies widely…

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November 20, 2013

Columbus, Ohio, has a lot going for it. It is not only the seat of the Ohio state government and home to Ohio State University, the third largest university in the nation, but Columbus also recorded just a 6 percent unemployment rate in August, far below the national rate of 7.3 percent. Like most of the rest of the nation’s housing markets, Columbus is enjoying some of the…

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November 7, 2013

In the U.S., state foreclosure laws are either judicial or non-judicial, as has been reported in previous Home Value Forecast updates. Each state has its own specific rules and timelines. In judicial states, a foreclosure is a court proceeding that has specific, court ordered steps along the way. Twenty two states use judicial procedures as the primary way to foreclose, including Connecticut, Delaware, Florida, Hawaii, Illinois, Indiana, Iowa,…

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