Eye On Housing
The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in 2021, the aggregate market value of all owner-occupied real estate in the United States experienced the largest quarterly increases on record. From $36.8 trillion in the third quarter of 2021, the value of owner-occupied real estate increased by… Read More ›
The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the “Flow of Funds”, show that, in the first quarter of 2021, the aggregate market value of all owner-occupied real estate in the United States registered the largest numerical quarterly increase in the last 20 years’ worth of data. From $32.84 trillion in the fourth… Read More ›
According to the Federal Reserve Flow of Funds report, as of the fourth quarter of 2020, the market value of all real estate assets held by households stood at $32.0 trillion. On the other side of the balance sheet, their liabilities, i.e., the mortgages held on said assets, totaled $10.9 trillion. As a result, total owners’ equity, defined as the… Read More ›
The Mortgage Bankers Association’s (MBA) latest Weekly Application Survey shows that, for the week ending November 6, 2020, mortgage application activity decreased by 0.5% from the prior week on a seasonally adjusted basis, as indicated by its Market Composite Index. One of its two constituent indexes, the Purchasing Index, decreased by 3% from the previous week while the other, the… Read More ›
The Mortgage Bankers Association’s latest Weekly Application Survey shows that, for the week ending October 23, 2020, mortgage application activity increased by 1.7% from the prior week on a seasonally adjusted basis, as indicated by its Market Composite Index. Its two constituent indexes, the Purchasing Index and the Refinance Index, increased by 1.7% and 0.2%, respectively. The MBA’s tracked 30-year… Read More ›
Home owners’ equity in real estate improved as home prices continue to increase and mortgage debt expands slowly. Previous analysis of household balance sheets from the 2016 Survey of Consumer Finances (SCF) indicated that the primary residence was the largest asset category on the balance sheets of households in 2016 and it accounted for about one quarter of all assets… Read More ›
Both FHFA and S&P/Case-Shiller home price indexes rose moderately in April. S&P Dow Jones Indices reported that the Case-Shiller (CS) National Home Price Index rose at a seasonally adjusted annual growth rate of 0.9% in April, slightly faster than the downwardly revised 0.7% in March. The Home Price Index from the Federal Housing Finance Agency (FHFA) slowed to a 2.8%… Read More ›
The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 5.0% in February, down from 5.8% in January. The Home Price Index from the Federal Housing Finance Agency (FHFA) rose at a seasonally adjusted annual rate of 4.8% in February, following 4.9% in January. After the boom and… Read More ›
The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices, slowed to a 9.8% seasonally adjusted annual growth rate in December, from 10.4% in November. The Home Price Index from the Federal Housing Finance Agency (FHFA) rose at a seasonally adjusted annual rate of 5.5% in December, following 7.1% in November. House price appreciation is largely driven… Read More ›