DS News - Digital Archives

» VISIT US ONLINE @ DSNEWS.COM Compiled by the DS News Staff INSIDE THE JOURNAL // MOVERS & SHAKERS // ON THE WEB // THE APP SPECTRUM top10 ANALYSTS SAY GOVERNMENT SHOULD CONTINUE 'SIGNIFICANT' ROLE IN HOUSING Ideally, the housing market government should completely. "We're relieved to back up to 35 percent Zillow polled of all new mortgages, see more noticeable sentiment surrounding according to the government signs of cooling in participation in the median response given in a recent Zillow the market. If home housing market as survey, which polled part of its quarterly values continued to Zillow Home Price 108 economists, real estate experts, and rise as they have, Expectation Survey. investment and market relatively unchecked, The company found strategists. market analysts Among those we would almost generally expect price surveyed were but certainly be headed growth to dwindlethe analysts from such not stagnate over institutions as Barclays into another bubble next few years. Capital, Equifax, the Those surveyed cycle." International Monetary anticipate annual Fund, Auction.com, —Stan Humphries, price growth will be Chief Economist for Zillow Wharton–University of between 5.6 percent Pennsylvania, and the and 8.3 percent for Urban Land Institute. 2013. Next year, they anticipate a 4.3 The government currently backs about 90 percent of all new mortgages, percent rise in prices, and by 2018, they expect prices to increase just 3.4 and according to Zillow, the last time the government held a 35 percent share percent on an annual basis. Stan Humphries, Zillow's chief of new originations was in 2006 "at the economist, commented that a height of the housing bubble." slowdown "is both welcome and Despite a widespread opinion that expected" following the market's latest the government's current majority period of "unsustainable, breakneck share should be scaled back, about appreciation." 58.4 percent of the experts surveyed Based on the analysts' forecasts, said the government should continue prices should surpass their May 2007 to play a "somewhat significant," peak by 2018, with the national median "significant," or "very significant" role home price exceeding $200,000 by the in the housing market. Just 8 percent say the government should exit the end of that year. A look at facts you didn't know you couldn't live without Nearly 70% of Americans say they have little to no understanding of credit scoring, according to a recent study by TransUnion. Take a look inside the numbers data b i t s MOST EXPENSIVE MARKETS OF 2013 Rank Avg. Listing Price 1 Malibu, CA $2,155,900 2 Newport Beach, CA $1,773,824 3 Saratoga, CA $1,684,261 4 Los Gatos, CA $1,360,497 5 San Francisco, CA $1,309,599 6 Stone Harbor, NJ $1,301,727 7 Cupertino, CA $1,292,400 8 Orono, MN $1,251,873 9 Weston, MA $1,229,000 10 Redwood City, CA $1,203,357 MOST AFFORDABLE MARKETS OF 2013 Rank Avg. Listing Price 1 Cleveland, OH $63,729 2 Garfield Heights, OH $66,075 3 Flint, MI $84,437 4 Saginaw, MI $87,181 5 Jackson, MS $94,155 6 Sioux City, IA $97,969 7 Jonesboro, GA $98,332 8 Moberly, MO $99,593 9 Buffalo, NY $101,631 10 Kankakee, IL $103,187 Source: Coldwell Banker U.S. Home Listing Report The portion of distressed loans that have been delinquent for more than five years tripled in the last year, Fitch Ratings reports. 7

• Cover