Homeowners Drive Household Formation, Push Up Ownership Rate
Young adults under age 35 drove the increase in homeownership, which is up 1.3 percentage points from its trough in Q2 2016 and in line with rates observed during the late 1980s and early 1990s prior to the housing bubble.
Economy’s Strength, Future Deficit Prospects Drive Mortgage Rates To Highest Level in a Year
For the second week in a row, the average prime 30-year fixed mortgage rate quoted on Zillow increased about 10 basis points over the past week, rising to 4.06 percent.
November Case-Shiller Results and December Forecast: Unseasonably Strong Demand
Demand from home buyers was unseasonably strong in the final months of 2017 – even in the face of full holiday schedules, low inventory, high competition and rising home prices – helping to push headline Case-Shiller indices somewhat higher than expected in November.
Rapid Reaction: Q4 2017 Homeownership Rate
After bouncing around near 50-year lows for the past few years, the national homeownership rate finally seems to be gaining sustainable, meaningful upward momentum.
December New Home Sales: Year Ends With a Decline, But Inventory Looking Up
New home sales fell sharply in December, and sales for the previous two months were revised sharply downward as well. The silver lining was that the number of new homes on the market experienced their largest month-over-month gain since April 2006.
Rapid Reaction: December New Home Sales
Today's numbers are not the way we would have liked to see 2017 end for the new home sales market, but nevertheless the year overall showed meaningful progress.
Mortgage Rates Moving Up as Fed Confirms New Chair, Markets Watch GDP and NAFTA
Rates have increased decisively in two of the past three weeks and the momentum is clearly upward.
December Existing Home Sales: A Retreat Following a Strong November
Three years of contracting inventory was bound to catch up: Existing home sales fell in December after a strong November, declining 3.6 percent from November. They ended 2017 up 1.1 percent from 2016, a substantial slowdown from 3.8 percent in 2016 and 6.5 percent in 2015.
Rapid Reaction: December Existing Home Sales
Three years of contracting inventory was bound to catch up with transactions sooner or later: Existing home sales posted a weak December, ending 2017 on a disappointing note after appearing to have picked up momentum in October and November.
December Home Sales Forecast: Slower Growth After a Strong November
After an exceptionally strong November, we expect the housing market faced greater headwinds in December.
