Zillow Market Pulse: June 30, 2020
Consumer confidence is coming back, but... not really. And recent gains in spending and "normal" activity may be leveling off and even reversing.
Zillow Market Pulse: June 30, 2020
Consumer confidence is coming back, but... not really. And recent gains in spending and "normal" activity may be leveling off and even reversing.
April Case-Shiller Results and May Forecast: Housing Continues to Cruise
The S&P CoreLogic Case-Shiller U.S. National Home Price Index® rose 4.7% year-over-year in April (non-seasonally adjusted), up from 4.6% in March.
Zillow Market Pulse: June 29, 2020
Pending home sales are only ~5% below last year's levels. Consumers continue to save instead of spend. And wage cuts are getting more common.
Zillow Market Pulse: June 26, 2020
On the surface, the rebound in consumer spending looks spectacular; it's not. And after a brief period of decline, forbearance is back up.
Zillow Market Pulse: June 25, 2020
New jobless claims have leveled off, but at a very high level. And lower-income households are bearing the brunt of the historically bad labor market
Mortgage Rates Stable as Investors Wait on Coronavirus Data
For now, a stable week in rates suggests that investors are waiting to react until they see more definitive coronavirus data from emerging hotspots.
Zillow Market Pulse: June 24, 2020
For the first time in six weeks, purchase mortgage applications fell from the week prior. And the consumer outlook in new coronavirus hot spots is souring.
Zillow Market Pulse: June 23, 2020
New home sales are up, and renters are largely keeping up with their rent. But rising debt levels are leaving many households vulnerable to income shocks.
May New Home Sales: Poised for Continued Improvement
May new home sales were up 16.6% from April and 12.7% from May 2019, to 676,000 (SAAR), according to the U.S. Census Bureau.
Zillow Market Pulse: June 22, 2020
The slide in May home sales is better than it looks. Signals are mixed around the long-term health of the mortgage market, but the economy is doing better.
