The American Enterprise

National Year-over-Year (YoY) HPA in February was 5.9% and is projected to remain at +5-6% in March and April 2024

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Friday, March 22, 2024

AEI, HPA, Yoy, The American Enterprise

HPA is projected to remain at +5-6% in March and April 2024.

Key Points:

HPA is projected to remain at +5-6% in March and April 2024.
In February 2024, YoY HPA ranged from 8.9% in the Northeast to 4.5% in the South (see #2 in graphic).
The decline in YoY HPA in the South was largely driven by the Florida metros.
This trend continued in February, with the YoY HPA up 7.2% and 4.5% for the low price tier and high price tier, respectively.

National Year-over-Year (YoY) HPA in January was 6.4% and is projected to remain at 5-6% in February and March 2024

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Monday, February 26, 2024

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HPA is projected to remain at 5-6% in February and March 2024.

Key Points:

HPA is projected to remain at 5-6% in February and March 2024.
In January 2024, YoY HPA ranged from 9.0% in the Northeast to 4.5% in the West (see #2 in graphic).
This trend continued in January, with the YoY HPA up 8.7% and 5.4% for the low price tier and high price tier, respectively.
The Housing Center has published data for January 2024 and is able to accurately project February and March 2024 with Optimal Blue rate lock data as well.

National Year-over-Year (YoY) HPA in December was 5.9% and is projected to be 5.4% and 4.7% in January and February 2024

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Wednesday, January 24, 2024

HPA, AEI, Yoy, The American Enterprise

Despite subdued demand and relatively high rates, the Year-over-Year (YoY) HPA bottomed out in April 2023 and is projected to be 5.4% and 4.7% in January and February 2024.

Key Points:

Despite subdued demand and relatively high rates, the Year-over-Year (YoY) HPA bottomed out in April 2023 and is projected to be 5.4% and 4.7% in January and February 2024.
Over 2023, higher rates impacted home prices differently across the regions (see #2 in graphic).
Historically, low price tier HPA has outpaced HPAs for the upper price tiers.
This trend continued in December, with the YoY HPA up 7.2% and 5.2% for the low price tier and high price tier, respectively.

National Year-over-Year (YoY) HPA in November was 5.6% and is projected to be 5.8% in December 2023

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Friday, December 29, 2023

AEI, HPA, The American Enterprise, Yoy

Despite subdued demand and relatively high rates, the Year-over-Year (YoY) HPA bottomed out in April 2023 and is projected to be 5.8% in December 2023.

Key Points:

Despite subdued demand and relatively high rates, the Year-over-Year (YoY) HPA bottomed out in April 2023 and is projected to be 5.8% in December 2023.
This trend continued in November, with the YoY HPA up 6.9% and 6.0% for the low price tier and high price tier, respectively.
Months’ supply stood at 4.3 months in November 2023, up from 4.0 months in October 2023 and 4.0 months in November 2019 (pre-pandemic).
The months’ supply for the low price tier came in at 2.7 months in November 2023, helping to explain the 6.9% YoY price growth for this tier.

National Year-over-Year (YoY) HPA in October was 5.1% with the Midwest Leading the Way in HPA growth

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Wednesday, November 22, 2023

AEI, HPA, The American Enterprise, Yoy, Rare-earth element

Despite subdued demand and historically high rates, Year-over-Year (YoY) HPA bottomed out in April 2023 and is expected to continue rising through December 2023 and beyond.

Key Points:

Despite subdued demand and historically high rates, Year-over-Year (YoY) HPA bottomed out in April 2023 and is expected to continue rising through December 2023 and beyond.
Historically, low price tier HPA has outpaced HPAs for the upper price tiers.
This trend continued in October, with the YoY HPA up 6.3% and 3.7% for the low price tier and high price tier, respectively.
The months’ supply for the low price tier came in at 2.5 months in October 2023, helping to explain the 6.3% YoY price growth for this tier.

FBLA Celebrates American Enterprise Day with Career Panel Featuring Experts in Six Fields

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Wednesday, November 8, 2023

Reston, Virginia, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Future Business Leaders of America, Inc. (FBLA), the nation’s largest career and technical student organization focused solely on business, is hosting a career panel featuring professionals in six fields for its middle school, high school, and college members to celebrate American Enterprise Day on November 15.

Key Points:

Reston, Virginia, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Future Business Leaders of America, Inc. (FBLA), the nation’s largest career and technical student organization focused solely on business, is hosting a career panel featuring professionals in six fields for its middle school, high school, and college members to celebrate American Enterprise Day on November 15.
Students will hear from experts in computer science, engineering, finance, health care, law, and social media/marketing.
FBLA celebrates American Enterprise Day by teaching others about the American entrepreneurial spirit through a range of activities, projects, and festivities.
FBLA inspires and prepares students to become community-minded business leaders in a global society through relevant career preparation and leadership experiences.

New AEI analysis using latest FHFA dataset confirms that appraiser racial bias on purchase transactions is neither systemic nor commonplace

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Thursday, November 2, 2023

Policy, Data, Freddie Mac, The American Enterprise, Research, Federal Housing Finance Agency, FHFA, AEI, Fannie Mae, Oak Park Regional Housing Center, Diagnosis, Real estate

The study is the first of its kind using newly released, appraisal-level data from the Federal Housing Finance Agency’s (FHFA) Uniform Appraisal Dataset Appraisal-Level Public Use File and confirms earlier AEI research , which had reached a similar conclusion.

Key Points:

The study is the first of its kind using newly released, appraisal-level data from the Federal Housing Finance Agency’s (FHFA) Uniform Appraisal Dataset Appraisal-Level Public Use File and confirms earlier AEI research , which had reached a similar conclusion.
This suggests that studies by FHFA , Brookings , or Freddie Mac with their singular focus on appraiser racial bias have misdiagnosed the issue.
To facilitate further analysis, the AEI Housing Center urges FHFA to expand its appraisal-level dataset to include first-time home buyer status, seller concessions, or loan-to-value ratio.
To better measure and document appraiser racial bias, the study also urges FHFA, Fannie Mae, or Freddie Mac to review every appraiser on an individual basis for racial bias and deliberate inaccuracies with input from researchers.

National Year-over-Year (YoY) HPA in September was 4.8% and is expected to continue rising through November 2023 and beyond

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Wednesday, October 25, 2023

AEI, Yoy, Case–Shiller index, The American Enterprise, HPA, Oak Park Regional Housing Center, Hpa-an

Despite subdued demand and historically high rates, the Year-over-Year (YoY) HPA bottomed out in April 2023 and is expected to continue rising through November 2023 and beyond.

Key Points:

Despite subdued demand and historically high rates, the Year-over-Year (YoY) HPA bottomed out in April 2023 and is expected to continue rising through November 2023 and beyond.
This trend continued in September, with the YoY HPA up 6.7% and 3.9% for the low price tier and high price tier, respectively.
Months’ supply stood at 3.9 months in September 2023, up from 3.2 months in August 2023 and 3.8 months in September 2019 (pre-pandemic).
The months’ supply for the low price tier came in at 2.5 months in September 2023, helping to explain the 6.7% YoY price growth for this tier.

GTT Appoints Ed Morche as CEO

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Thursday, October 5, 2023

Level 3, Culture, The American Enterprise, GTT Communications, Global Oneness Project, Growth, Public sector, GTT, Lumen Technologies, Management, Sprint, VSNL International Canada

McLEAN, Va., Oct. 05, 2023 (GLOBE NEWSWIRE) -- GTT Communications, Inc., a leading global provider of managed network and security services to multinational organizations, announced today the appointment of Ed Morche as chief executive officer and board director.

Key Points:

McLEAN, Va., Oct. 05, 2023 (GLOBE NEWSWIRE) -- GTT Communications, Inc. , a leading global provider of managed network and security services to multinational organizations, announced today the appointment of Ed Morche as chief executive officer and board director.
Morche is an accomplished business leader with an excellent track record that spans more than 30 years in the telecommunication industry.
Before joining GTT, Morche served as president of Lumen’s North American Enterprise and Public Sector, and previously held other senior leadership roles at CenturyLink and Level 3 over his tenure with the combined organization.
“The board would like to sincerely thank Ernie for his contributions to GTT over the past four years,” said Abate.

National Year-over-Year (YoY) HPA in August was 4.5% and is expected to continue rising through October 2023 and beyond

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Tuesday, September 26, 2023

Oak Park Regional Housing Center, Yoy, AEI, Case–Shiller index, HPA, The American Enterprise, Clothing

Despite subdued demand and historically high rates, Year-over-Year (YoY) HPA bottomed out in April 2023 and is expected to continue rising through October 2023 and beyond.

Key Points:

Despite subdued demand and historically high rates, Year-over-Year (YoY) HPA bottomed out in April 2023 and is expected to continue rising through October 2023 and beyond.
Historically, low price tier HPA has outpaced HPA for the upper price tiers.
This trend continued in August, with YoY HPA up 6.6% and 4.4% for the low price tier and high price tier, respectively.
Months’ supply stood at 3.1 months in August 2023, down from 3.6 months in July 2023 and 3.3 months in August 2019 (pre-pandemic).