February Market Reports: Slower and Steadier


In February, the U.S. median home value was $178,700, up 4.9 percent from February 2014. February...

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Low Housing Supply Squeezes Affordability


Nationwide, mortgage affordability remains high, buoyed by low mortgage rates. Rent affordability...

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Texas Two-Step, Step Two: Rent Growth Slowing in More Oil-Dependent Markets


Over the past six months, the growth rate of rents in more oil-dependent Texas metros has slowed from...

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Key Takeaways from the February New Home Sales Report


New home sales increased 7.8 percent in February to 539,000 units (SAAR), according to the U.S. Census...

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Recent Posts and Data

February Market Reports: Slower and Steadier
March 26, 2015

In February, the U.S. median home value was $178,700, up 4.9 percent from February 2014. February represents the first month since May 2013 in which the pace of annual home value appreciation in a given month was less than 5 percent. Historically, home values have grown at a relatively modest 3 percent per year, on […]

Low Housing Supply Squeezes Affordability
March 26, 2015

Nationwide, mortgage affordability remains high, buoyed by low mortgage rates. Rent affordability continues to worsen. Current renters making the national median income should expect to pay roughly 30 percent of their income towards the typical U.S. rental property. Metro areas with the worst affordability problems are generally the areas where the least amount of housing […]

Texas Two-Step, Step Two: Rent Growth Slowing in More Oil-Dependent Markets
March 25, 2015

Over the past six months, the growth rate of rents in more oil-dependent Texas metros has slowed from 8.3 percent annually in August 2014 to a 5.9 percent annual pace of growth in February 2015. This coincides with a roughly 50 percent decline in oil prices over a similar period, from slightly less than $100 […]

Key Takeaways from the February New Home Sales Report
March 24, 2015

New home sales increased 7.8 percent in February to 539,000 units (SAAR), according to the U.S. Census Bureau. Sales unexpectedly increased in the Northeast, more than doubling despite very poor weather. The median price of new homes sold fell 7.7 percent year-over-year, to $272,600 (seasonally adjusted), the largest monthly decline since February 2011. February’s new […]

Failing to Call the Fall: How Freddie Mac Missed Last Week’s Drop in Rates
March 23, 2015

Prior to Federal Reserve Chair Janet Yellen’s press conference on March 8, lenders on Zillow Mortgages were quoting an average 30-year fixed mortgage rate of 3.78 percent. After Yellen’s remarks, rates fell to 3.72 percent, a drop of 6 basis points. This drop was not reflected in Freddie Mac Primary Mortgage Market Survey data released […]

Key Takeaways from the February Existing Home Sales Report
March 23, 2015

• Existing home sales increased 1.2 percent in February to 4.88 million units (SAAR), according to the National Association of Realtors. • Strong sales in the West and South outweighed weak sales in the Northeast, which were likely held down by poor weather in January and February. • The median price of existing homes sold […]

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