Zillow’s first quarter Real Estate Market Reports, released today, show home values decreased 0.5 percent from the fourth quarter of 2011 to the first quarter of 2012 to $146,200 (Figure 1). On an annual basis, home values are down 3.1 percent from March 2011 levels (Figure 2). Despite showing quarterly and annual depreciation, the quarter 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
Introduction Similar to the Zillow Home Value Index (ZHVI), we created the Zillow Rent Index (ZRI) to track the monthly median rent in particular geographical regions. Like the ZHVI, we sought to create an index for rents that is unaffected by the mix of homes for rent at any particular time. This makes temporal comparisons FULL BRIEF
The Zillow Real Estate Market Reports, released today, show home values decreased 1.1 percent from the third to the fourth quarter of 2011 to $146,900 (Figure 2). On an annual basis, this represents a 4.7 percent decline (Figure 1). December’s data show that sequential improvements in year-over-year numbers have stopped, and the pace of monthly FULL BRIEF
When Zillow introduced the Zestimate and Zillow Home Value Index in 2006, one of the first things consumers asked for next was an estimate of where home values were going to go in the future. While we periodically produced a national forecast of home values for the purposes of analyzing national economic trends, we did FULL BRIEF
Introduction In setting out to create a new home price index, a major problem Zillow sought to overcome in existing indices was their inability to deal with the changing composition of properties sold in one time period versus another time period. Both a median sale price index and a repeat sales index are vulnerable to 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