Regional Housing Market Intelligence

Breaking Down the Market: Developing Strategies by Comparing Submarkets

Within an MSA, there are often submarkets where careful risk/reward analysis says you should: buy land and build more homes in one submarket sell your land holdings in another submarket, and be more aggressive with price appreciation assumptions in a …

Market Trends: Don’t Overlook Baltimore

After five years of its home value appreciation rates lagging those in the Washington MSA, Baltimore area appreciation rates are expected to nearly match Washington’s in 2014. The Burns Metric of the Month According to the Burns Home Value Index™, …

Affluent Second-Home Buyers Are Back in Droves

The Naples housing market is firing on all cylinders this year, with strong demand from retirees, second-home buyers, and snowbirds. Here are some indicators: Prices continue to rise approximately 0.5% per month, according to our Burns Home Value Index™. Incentives/discounts …

Chicago Housing Outlook an A+ after Falling 91%

Watch out for a housing renaissance in the Chicago metro area. The region massively overcorrected in this last downturn and just recently joined the recovery. New home revenue fell 91% from 2005 to 2010, and most private builders went out …

In Short Supply: Southern California’s Housing Deficit

Good luck finding a new home to buy in Southern California these days-the supply of new home projects open and selling in Southern California is currently at a 20-year low. Cautious capital, a lack of finished lots, and notoriously slow …

Don’t Rule Out the D and F Markets

Home builders have been gobbling up sites in A and B markets in Southern California for the last 18 months, driving land prices back up above mid-2000s peak levels. Higher land prices are impacting profits and making deals tougher to …

SoCal Investors Fear New Home Construction

But should they? Every time I attend a conference I learn something. Last month, legendary Inland Empire investor Bruce Norris held a charity event for 500 people with a number of top analysts. He estimated that at least $1 billion …

Washington, DC Area Economy – Navigating the Shutdown and the Sequester

As a 19-year veteran of the Washington, DC housing market and head of a DC-based consulting practice, I have plenty of experience dealing with the federal government’s impact on the local housing market. With federal government employment and spending making …

The Florida Opportunity

As a native Floridian and consultant to the real estate industry for over 18 years  (eight of them on Wall Street and the rest here in Florida), I am keenly aware of the unique qualities of the state’s distinct metropolitan areas. In recent months, I have …

California’s Housing Recovery Looks Golden

What a difference a year makes. After being the poster child for housing distress during the downturn, California is now leading the national housing market recovery. Resale and new home inventories have plummeted to all-time lows. Prices are skyrocketing. Multiple offers and …