Coldwell Banker Premier Realty

Home Price Futures Contracts

Let the market predict home prices
Posted by John McClelland on February 07, 2017 in  Hedging Home Prices  home price risk  John Dolan  Las Vegas CME contracts  S and P Case Shiller
Predictions for residential real estate are challenged by the increasing opacity brought on by mortgage rate increases, a stronger dollar, a new presidential administration and demographic trends that are not well understood, such as the demand for housing by millennials.  In some minds, if increasing interest rates are a response to an improving economy, either through Federal Reserve increases or market responses, on the net, housing demand may remain robust. In other views, homebuyers may have be... read more
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The Las Vegas Condo Market is Interesting Again

Prices move rather dramatically against low supply
Posted by John McClelland on December 14, 2016 in  las vegas condominiums
We normally focus most of our attention on the single family market since the Clark County housing stock is dominated by single family. However, condominiums, which make up about nine percent of the housing stock, has gained our attention due to price movement within the sector. In year-over-year measured from November, median prices are up almost 16% while single family homes have risen by 9%. Median days on market for condominiums has shrunk to 23 days while single family also remains at a below typical 27 days.M... read more
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Looking at October Single Family Metrics

home prices move sideways again
Posted by John McClelland on November 11, 2016 in  home prices  single family homes

With a relatively balanced supply-demand picture, single family home prices traded sideways once again. For most of 2016, prices moved little with just two months accounting for most of the year's increase. Underlying fundamentals continue to improve so we are very comfortable with prices at these levels.

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Ivy Zelman on the Housing Market

Discussion of entry-level, luxury and multifamily markets
Posted by John McClelland on October 26, 2016 in  Housing Research  Millenial  Zelman

Famed housing analyst and principal of Zelman Research, discusses the U.S housing market. If you are interested in the housing market, this is worth watching.

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Pamela Anderson and Rick Salomon officially parted ways last April. Now, a year later, the Frank Lloyd Wright-inspired dream home they spent more than two years searching for is for sale. The home, located in Summerlin inside the swanky Tournament Hills subdivision that’s anchored by a mammoth $32-million estate, officially hit the market last week with an asking price of $5.2 million.   It is a custom 11,000-square-foot single-story with four bedrooms, seven bathrooms, and a four-car garage sitti... read more
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