FAU report suggests real estate cycle is hitting its peak
Source: http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=2&id=363573
BOCA RATON, Fla. – Current signs indicate that most U.S. housing markets are approaching a peak in the real estate cycle, but there’s little evidence to suggest prices will plummet as they have in the past, according to the latest national index produced by Florida Atlantic University (FAU) and Florida International University (FIU) faculty.
Embedded housing pricing indices in the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index show housing prices, which have been rising steadily since 2012 in most parts of the country, have begun to slow.
“Housing markets are slowing, suggesting that we are nearing a peak in housing markets around the U.S.,” says Ken Johnson, Ph.D., a real estate economist and one of the index’s creators in FAU’s College of Business. “But this is good news, as we are pulling back from the brink, unlike we did in 2007.”
Of the 23 separate metro areas in the BH&J Index, 13 are slightly to moderately in buy territory, while 10 metro areas are slightly to moderately in rent territory.
Based on numbers from the end of fourth quarter 2017, the latest BH&J Buy vs. Rent Index follows recent S&P CoreLogic Case-Shiller 20-City Home Price Index scores, which showed home prices rose 6.3 percent over the past year – the fastest 12-month pace in more than three years – as potential home buyers jostled over a limited inventory of available properties.
Both the BH&J Index and Case-Shiller Home Price Index employ housing price appreciation from markets around the U.S. Unlike Case-Shiller, the BH&J Index includes additional sources such as rent prices, mortgage rates and alternative investment data streams, among other variables, to indicate why and when housing markets might be changing direction.
They are sold as generic drugs because generic medicines differ in tadalafil 5mg no prescription color and packing from their branded counterparts. Many sexual stimulants and non-pharmaceutical treatments for erectile dysfunction Also known as impotence, cialis 40 mg http://deeprootsmag.org/2012/09/11/a-woody-guthrie-centennial-moment/ erectile dysfunction is the most common problem in young as well as in older male personalities. To approach Gout in this manner, the condition is temporarily satisfied but the Cause has not sildenafil viagra generico been sufficiently addressed. Fortunately there are many different media types available that will allow you to accomplish this. viagra without prescriptions canada “Our data indicates that prices are above their 40-year trend, but not significantly so as they were in 2007,” says Eli Beracha, Ph.D., co-creator of the index and associate professor in the Hollo School of Real Estate at FIU. “Rather than a crash, I anticipate slower growth in prices accompanied by longer marketing times for sellers and increasing inventories, which should bring prices back in conjunction with their 40-year trend.”
About Empire Appraisal Group, Inc.
Establish in 2005, Empire Appraisal Group, Inc., is Broward County’s leading residential appraisal company as a result of their accurate and reliable appraisals, excellent customer service, and quick turn times. When working with an appraiser, integrity and professionalism are essential, and Empire Appraisal Group has a well-established reputation for providing the best appraisal experience. Daniel Lindeman, the Chief Appraiser, is considered one of the top property appraisers in Florida, with nearly 15 years of expertise and 7,000+ appraisals to his credit.
We ‘specialize’ in helping people who need appraisals for estate purposes, divorce, bankruptcy, FSBO’s and more.
We also work closely with realtors to help establish listing prices, these pre-listing appraisals ensures sellers get top dollar for their home.
In addition, to homes of all shapes and sizes, we also appraise condos, multifamily homes, boat docks, land, as well as specialty properties. No job is too big or too small, from manufactured homes to mansions.
Call Empire Appraisal Group directly with any questions concerning your real estate values at 561-441-9298. Also, check out our ‘Reviews’ page and see what others are saying about Daniel Lindeman and Empire Appraisal Group, Inc.
We provide residential appraisal services to all cities in Broward County: Parkland, Coral Springs, Coconut Creek, Dania Beach, Cooper City, Davie, Deerfield Beach, Fort Lauderdale, Sunrise, Hallandale Beach, Hillsboro Beach, Hollywood, Lauderdale by the Sea, Lauderdale Lakes, Lauderhill, Lighthouse Point, Margate, Miramar, North Lauderdale, Oakland Park, Pembroke Pines, Plantation, Pompano Beach, Sea Ranch Lakes, Tamarac, Weston, Wilton Manors.