HOUSINGNEWS REPORT
LEAD ARTICLE
U.S. MEDIAN HOME PRICES
AVG ANNUAL HOME PRICE APPRECIATION JAN-MAY 2017
I think that the election came at a time when the economy was already turning around, but Trump used the inertia we already had to catapult the emotion. … He’s got the right timing. Everybody’s going to come in and say ‘Trump made it happen.’”
4.3%
4.0%
BRIAN STARK REAL ESTATE INVESTOR AND RADIO HOST CLEVELAND, OHIO
CLINTON-WON COUNTIES
TRUMP-WON COUNTIES
Bigger Bump in Trump-Won Counties A new ATTOM analysis of 2016 presidential election voting results and six bellwether housing trends in 585 major U.S. counties shows that counties won by Trump have a slight edge in five out of the six housing market trends so far in 2017 over counties won by Clinton. During the January-to-May period, median home prices in the 372 Trump- won counties included in the analysis rose an average of 4.3 percent compared to the same time period a year ago. The average home price appreciation in the 213 Clinton-won counties included in the analysis was 4.0 percent (see above).
Stark noted that there was a “groundswell of excitement” in
Clinton-won counties in Q1 2017 while sales volume rose 0.5 percent in the Trump-won counties on average (see page 4). Counties won by Trump also have narrowly outperformed when it comes to home equity, with a lower share of seriously underwater homes — those with a loan-to-value ratio of at least 125 percent — at the end of Q1 2017 and a bigger decrease in the seriously underwater share compared to a year ago, on average. Additionally, Trump- won counties at the end of the first quarter posted a bigger increase in the share of equity rich homes — those with an LTV of 50 percent or below — compared to a year ago (see page 7).
Northeast Ohio following the Republican National Convention and the Cleveland Cavalier’s NBA Championship run in the summer of 2016. “I think the local real estate market did its thing. We have a very powerful healthcare complex here that is employing a crap-load of people,” he said. “Is the election of Donald Trump the cause? I’m not sure. I think that the election came at a time when the economy was already turning around, but Trump used the inertia we already had to catapult the emotion. … He’s got the right timing. Everybody’s going to come in and say ‘Trump made it happen.’”
Home sales volume declined 0.7 percent annually on average in the
3
JULY 2017 | ATTOM DATA SOLUTIONS
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