C.A.R. Chief Economist Convenes Roundtable on Housing, Economy

Source: C.A.R. C.A.R. Chief Economist Leslie Appleton-Young brought clarity to the economic and policy challenges that will shape the future of housing in a roundtable event with four leading economists, who shared their insights on housing’s importance to the growing momentum behind a healthier U.S. economy. The discussion covered macroeconomic analysis of current conditions in the market, housing prices and affordability, the reasons behind persistently low inventory, the declining homeownership rate, credit availability, and policy solutions to strengthen the market. The roundtable was convened by C.A.R.’s Center for California Real Estate. Appleton-Young was joined by Nela Richardson, Redfin Chief Economist; Jonathan Smoke, realtor.com® Chief Economist; Christopher Thornberg, founding partner of Beacon Economics; and Laurie Goodman, Director of Housing Policy Center at the Urban Institute. Read the report here

The Affordability Squeeze

Benefits for Veterans!

Owners Overvalue Homes

For the seventh straight month, the gap has widened between what owners say their home is worth compared to what appraisers say, reports Quicken Loans. Owner estimates now stand 2.65% higher than appraiser opinions, the largest gap in more than a year. See owners' versus appraisers' value perceptions by metro area here.

Prices on the Uptick