Author Archive

Raw Count of Home Sales (November 2017)

Existing-home sales rose 5.6 percent in November from one month prior while new home sales increased 17.5 percent.  These headline figures are seasonally adjusted figures and are reported in the news.  However, for everyday practitioners, simple raw counts of...

Tax Reform Impact and Home Price Outlook

While the new tax law is already in effect, here we estimate how home prices will trend in 2018 for each state. The new tax law reduces the limit on deductible mortgage debt and limits the deductibility of the...

Metro Areas Most Affected by the New Tax Law

Based on the new tax law, there is no change for capital gains on the sale of a home and deductibility of interest paid for a second home[1]. However, the new law[2] affects the deductibility of mortgage interest and...

Instant Reaction: October Owners’ Gains Forecast

The S&P CoreLogic Case-Shiller National Index shows that U.S. prices of single-family homes continue to rise. The national index level in October reached a new high and is up 6.2 percent from a year earlier.  But what does this...

Third Quarter Winners

Stronger demand amidst lagging inventory levels caused home prices to continue accelerating in most  metropolitan areas. Among 177 metropolitan areas, 92% of them experienced an increase of home prices in the third quarter of 2017. We compared the local...