The February Real Estate Market Reports show that national home values decreased 0.5% to $145,400 from January to February. On an annual basis, this represents a 4.5% decline (See Figure 2). The Zillow Rent Index, which measures median rent prices from month to month, shows the rental market continuing to outshine the for-sale market (See FULL BRIEF
The bottom is right under our noses but we just can’t touch it yet – every quarter it moves a little farther into the future – or at least that’s what it seems like. In the worst housing recession in modern times, we have seen home values plummet – nationally, homes have lost roughly a FULL BRIEF
The March 2012 Zillow Home Price Expectations Survey reveals that economists continue to temper their expectations about a recovery in home prices. The survey, compiled from 104 responses by a diverse group of economists, real estate experts, and investment and market strategists, records expectations about the projected path of the S&P/Case-Shiller U.S. National Home Price FULL BRIEF
The January Zillow Real Estate Market Reports show that national home values decreased 0.5 percent to $146,200 from December to January. On an annual basis, this represents a 4.6 percent decline (see Figures 2 and 3). New to this report is the Zillow Rent Index (ZRI), which is the rental counterpart to the Zillow Home FULL BRIEF
The Zillow Real Estate Market Reports, released today, show home values remained essentially flat from October to November falling only 0.1 percent (Figure 1) to $147,800 (Figure 2), representing a 4.6 percent decline on a year-over-year basis. While we still expect home values to fall further this year with a definitive bottom probably a year FULL BRIEF
The latest data from the December Zillow Home Price Expectations Survey show that housing experts foresee further home price declines next year and a more protracted bottom in the housing market than they foresaw a year and a half ago. The survey, compiled from 109 responses by a diverse group of economists, real estate experts, FULL BRIEF
The Zillow Real Estate Market Reports, released today, show home values dipped 0.3 percent from September levels (Figure 1) to $147,900 (Figure 2), representing a 5.1 percent decline on a year-over-year basis. The rate of monthly depreciation has stabilized around -0.2 percent to -0.3 percent over the last few months, an improvement compared to the FULL BRIEF
The continued sluggishness of the residential real estate market is maddening and, very likely, holding back other sectors of the economy. We’d all like to find a solution, of course. But in our frustration, it seems, we have a tendency to reach for overly simplistic solutions that don’t get us any closer to the real FULL BRIEF
Home values edged up into very slight positive territory beginning in May of this year and increased 0.12% from June to July. On an annualized basis, home values fell 5.1% in July (see Figures 1 and 2). The monthly increase in May of 0.01% was the first positive monthly gain at the national level since FULL BRIEF
National home values are still falling in February’s data but not as rapidly as in the prior month. Monthly home value depreciation was -1.1% in February, a slight improvement from the January rate of -1.3%. Annualized depreciation increased from -7.4% in January to -8.2% in February (see Figure 2). The median home value nationally in FULL BRIEF