Zillow Market Pulse: May 19, 2020
Home construction fell sharply in April. The FHFA offered more clarity for borrowers in forbearance, but not all borrowers are equally protected.
Zillow Market Pulse: May 19, 2020
Home construction fell sharply in April. The FHFA offered more clarity for borrowers in forbearance, but not all borrowers are equally protected.
April Housing Starts: Now What?
April housing starts fell 30.2% from March to 891,000 (SAAR), by far the largest monthly decline on record, according to the U.S. Census Bureau.
Zillow Market Pulse: May 18, 2020
Homebuilder confidence rose somewhat in May, but remains deeply pessimistic. And consumer debt was on shaky ground even before the crisis.
Zillow Market Pulse: May 15, 2020
After falling off a cliff in March, retail sales fell off another, higher cliff in April. And mass layoffs in March led the early labor market decline.
Zillow Market Pulse: May 14, 2020
3.5 million more jobless claims were filed, foreclosure and eviction moratoriums were extended and different groups are adjusting spending differently.
Mortgage Rates Fall on Powell’s Gloomy Remarks
After falling this week, mortgage rates are at their lowest levels in the last two weeks and remain near all-time lows.
Zillow Market Pulse: May 13, 2020
Federal Reserve Chair Jerome Powell warned of stubbornly high levels of economic uncertainty and the threats posed by a drawn-out recession.
Zillow Market Pulse: May 12, 2020
Consumer prices in general aren't rising -- but increases in food and medical costs were largely balanced by decreases in energy costs.
Zillow Market Pulse: May 11, 2020
Pessimism is leaking into the housing market, but most consumers said they expect home prices to remain largely stable.
Zillow Market Pulse: May 8, 2020
We knew it was coming. And still, the April jobs report was stunningly and historically bad.
