Municipal governments are starting to put green standards in place for developers and builders to follow to help protect the planet. But will it really work?
US home prices continued their growth in January 2020, the latest month of data from CoreLogic released today (3/3).
The firm’s Home Price Index (HPI) Report shows a 4% increase year-over-year nationally, a 0.1% gain month-over-month.
Demand for homes has been increasing in the US as mortgage rates continue low and warm weather has brought buyers out early for the spring buying season.
“January marked the third consecutive month that annual home price growth accelerated in our national index, as low mortgage rates and rising income supported home sales,” said Dr. Frank Nothaft, chief economist at CoreLogic. “In February, mortgage rates fell to the lowest level in more than three years, which likely will spur additional home shopping activity and price appreciation.”
Connecticut was the only state to post an annual decline in home prices while Idaho experienced the largest gain at 10.5%.
CoreLogic’s HPI Forecast calls for a 0.2% increase in US home prices nationally from January to February; and for the annual increase to rise to 5.4% by January 2021.
This forecast is based on the CoreLogic HPI but also on other economic variables.
One third of top 100 metros are overvalued CoreLogic’s Market Condition Indicators show that 33% of the nation’s top 100 markets by housing stock are overvalued while 29% are undervalued, and 38% are at value.
Of the top 50 markets, 38% were overvalued, 24% were undervalued, and 38% were at value.
The survey shows that buying a home in a major city centre has risen 5% since last year.
The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.
Coming to Toronto May 14-15 is an in-person event discussing multifamily investing and the benefits it can have for new and experienced investors.
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