Wright Report National Real Estate Market update
The national residential market is in constant motion. It’s up and down. It varies in each state of the US. It varies within each county in the US. You guessed it, it varies in each city in the US.
Joel Wright is the author of the Wright Report. Joel is a licensed California Real Estate Broker with his passion for helping those that wish to invest in Residential Real Estate. To be even more specific, Joel lives in Sacramento, CA and so his expertise is the national real estate market but also how this relates to the state of California and in particular, 16 counties in Northern California.
The Executive Summary from Joel’s 44 page Wright Report reads as follows:
The U.S. housing market continues to grow in the first half of 2016. Its median sales price surpassed the peak of the previous cycle (July 2006) by some
$17,000 and the number of sales for the first half of year is up 5% over the previous year. The number of sales for newly constructed homes is also up. While these strong numbers leave some concerned that the market is headed for a downturn, many factors show we are not yet pointed in that direction.
There are large external forces that could affect the housing market such as the U.S. debt in double digit Trillion, a troubled world economy, BREXIT in Europe, and the outlandish U.S. Presidential election. However, we are not seeing the detrimental effects one might expect. Internally the housing market has remained strong and very resilient.
New to this report is a series of National Indicators that affect the housing market (page 8). Four of the five indicators point towards a strong housing market continuing forward.
Some topics covered in this report are:
- U.S. housing numbers (page 11)
- National economic trends that affect the housing market (pg. 21)
- How banks are handling the next wave of loan recasts, HELOCs (pg. 17)
- Mortgage Lending Trends, and update on interest rates (pgs. 18-19)
- Overview of the California housing market (pg. 23)
- How the Bay Area market may soon be adjusting (pg. 26)
- Statistics for 16 Northern California Counties, including sales trends, market cycles, and a NEW Momentum Indicator chart (pgs. 28-42).
Wright Report for free
If you would like a free copy to read about the national real estate market, please click the following link so you can download the Wright Report and read at your leisure.
If you have questions, please contact Joel Wright direct on 916 726 8308.