Market Continues its March to Normalcy in Q3, as Rapid Growth Fades


After almost two full years of accelerating annual home value appreciation, the housing market has definitively...

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New Home Sales Expected to Fall in September


We expect new home sales to fall to about 488,000 units (SAAR) in September, down 3.1 percent from...

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The Assumptions Underlying the Sept. 2014 New Home Sales Forecast


Based on our historical model of new home sales, Zillow expects sales of new, single-family homes to fall...

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Zillow’s New Home Sales Forecast: Models and Methodology


Zillow’s monthly forecast of new single-family homes is based on the results of two models: A “historical”...

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Recent Posts and Data

Market Continues its March to Normalcy in Q3, as Rapid Growth Fades
October 22, 2014

After almost two full years of accelerating annual home value appreciation, the housing market has definitively turned a corner, leaving behind the rapid appreciation of the immediate post-bottom recovery phase and entering a slow glide path down to more normal, sustainable levels. Beginning in August 2012, home values grew at a faster annual pace than […]

New Home Sales Expected to Fall in September
October 22, 2014

We expect new home sales to fall to about 488,000 units (SAAR) in September, down 3.1 percent from August. Sales likely retreated from their near-record increase in August. Rising new home prices have also held back sales. We estimate that the median sales price of new home was between $279,000 and $282,000 in September. After […]

The Assumptions Underlying the Sept. 2014 New Home Sales Forecast
October 22, 2014

Based on our historical model of new home sales, Zillow expects sales of new, single-family homes to fall by 3.1 percent to a seasonally adjusted annual rate (SAAR) of 488,000 units in September. Our structural model suggests a slightly smaller decline, down 1.8 percent to 495,000 units (SAAR). (For the differences between the models, see […]

Zillow’s New Home Sales Forecast: Models and Methodology
October 22, 2014

Zillow’s monthly forecast of new single-family homes is based on the results of two models: A “historical” model that estimates new home sales as a function of past movements in new home sales and recent housing starts data. A “structural” model that estimates home sales as a function of other economic variables. While the historical […]

Four Takeaways From the September Existing Home Sales Report
October 21, 2014

Existing home sales totaled 5.17 million units (SAAR) in September, up 2.4 percent from August Zillow predicted existing home sales to rise 2.1 percent from August, to a seasonally adjusted annual rate (SAAR) of 5.15 million units. Most analysts expected flat results, with a consensus forecast of 5.1 million units (SAAR), up 1.0 percent from […]

Interest in Refis Heats Back Up as Mortgage Rates Drop
October 18, 2014

Mortgage rates have fallen by 23 basis points in two weeks, from 4.12 percent on October 5th to 3.79 percent on October 17th. The number of refinance requests on Zillow more than doubled from a week earlier on Wednesday, October 15th as rates fell below 4 percent. Over the past 18 months, refinancing activity has […]

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