Key Takeaways from the September New Home Sales Report
September new home sales increased 3.1 percent from August and 29.8 percent from a year ago, to 593,000 units at a seasonally adjusted annual rate (SAAR), according to the Census Bureau. The annual gain represents the largest year-over-year increase since February 2015.
What Distinguishes the Markets Renters Want to Move to From the Markets Renters Want to Leave
The (real or imagined) allure of greener pastures beyond the horizon is a near-constant theme in the American national imagination, and regional migration – the movement of people across the country – is among the most important drivers of local differences in housing demand and desirability. And in the simplest sense, areas with lots of people looking to leave can often be considered less desirable, while markets with lots of people eager to move in are likely more desirable. But not always.
The Days of Our Lives: How Long Does it Take for Low and High-Income Renters to Find a Home?
On average, renters spend 10.4 weeks on the market searching for a rental home or apartment according to Zillow Group’s 2016 Consumer Housing Trends Report. But renters in tighter rental markets can spend significantly longer searching for a home – and lower-income renters often spend longer still, even in more balanced markets.
Key Takeaways From the September Existing Home Sales Report
September existing home sales beat expectations, increasing 3.2 percent from August and 0.6 percent from a year ago, to 5.47 million units at a seasonally adjusted annual rate (SAAR), according to the National Association of Realtors. August home sales were revised downward from 5.33 million units (SAAR) to 5.30 million units, almost doubling the initially reported July-August percentage point decline from -0.9 percent to -1.5 percent.
Swings and Misses: Home Values in Presidential Swing Counties Fell More, and Have More to Recover
Swing counties – counties won by both Democratic and Republican presidential candidates during the past three presidential election cycles – have, on average, experienced a weaker housing market recovery than counties solidly in the Democratic or Republican columns.
Contracting for-sale inventory continues to weigh on the housing market, pushing up home value appreciation and weighing on home sales. Since January 2015, existing home sales have grown year-over-year in every month save one. But that growth is flagging as the number of homes actually for sale stays low.
Key Takeaways from the August New Home Sales Report
August new home sales fell 7.6 percent from July to 609,000 units at a seasonally adjusted annual rate (SAAR), according to the U.S. Census Bureau, the largest month-over-month percent drop in new home sales in almost a year.
Key Takeaways from the August Existing Home Sales Report
After defying market expectations and showing surprising strength for much of the spring, late-summer doldrums are starting to hit the home sales market.
The Elusive Truth on Domestic Migration: Comparing Data Sources on U.S. Cross-County Migration
When it comes to regional migration within the United States – one of the most important factors influencing local demand for everything from homes to schools and roads – there are at least three, sometimes dramatically different though all semi-official, data sources.
August Home Sales Forecast: Steady into Autumn
As the summer winds to a close, August existing home sales are expected to make up some of the ground lost earlier in July, while sales of new homes largely keep chugging upward, according to Zillow’s August home sales forecast.
