New Commerce Department Data Usability Project Sheds Light on Zillow Data
At the recent Strata-Hadoop Big Data World Conference in San Jose, U.S. Deputy Secretary of Commerce Bruce Andrews unveiled a collaboration between Zillow and the Commerce Department’s Data Usability Project. The project is part of a new Commerce Department initiative to publish code and data visualizations that combine local, state and federal data with data from private sources like Zillow.
Key Takeaways From the February New Home Sales Report
February new home sales rose in line with expectations, inching up a modest 2 percent from January to 512,000 units at a seasonally adjusted annual rate (SAAR), according to the U.S. Census Bureau.
Key Takeaways From the February Existing Home Sales Report
February existing home sales fell 7.1 percent from January, to 5.08 million units at a seasonally-adjusted annual rate (SAAR) in February, according to the National Association of Realtors.
Hunger Games: Builders Keep Serving Up More Apartments, Renters Keep Scarfing Them Down
Renters currently have an insatiable appetite for newly constructed units, quickly gobbling up record numbers of recently opened new apartments.
The Evolving American Household: Growth in Multigenerational Living
A growing share of American households have three or more generations of the same family living under the same roof.
February Home Sales Forecast: Slow Start to 2016
Unexpectedly weak pending home sales in January, combined with two consecutive months of contracting housing starts, point to a slow start to 2016 for home sales according the Zillow’s February home sales forecast.
Key Takeaways From the January New Home Sales Report
January new home sales retreated after a strong December, falling 9.2 percent month-to-month to 494,000 units at a seasonally adjusted annual rate (SAAR), according to the U.S. Census Bureau. January new home sales were down 5.2 percent from a year earlier, and have been roughly flat over the past year.
Key Takeaways From the January Existing Home Sales Report
January existing home sales edged up 0.4 percent from December to 5.47 million units at a seasonally adjusted annual rate (SAAR), and hit a new price high in the month, according to the National Association of Realtors (figure 1). December sales were revised slightly downward to 5.45 million units (SAAR) from 5.46 million units (SAAR).
Tough at the Top: How Luxury Lagged Late in 2015
After growing in line with more modest areas throughout much of the first half of 2015, home value appreciation in America’s toniest ZIP codes stalled over the past 6 months – even as growth in entry-level and mid-market communities continued.
Why Presidential Candidates Aren’t Talking About Housing Affordability (Yet)
Housing affordability has not been a main issue, so far, in this presidential election cycle. There are several good reasons why, but among the easiest potential explanations is this: Candidates have simply not yet really begun campaigning in the states where housing affordability is at its worst.
