Rapid Reaction: November New Home Sales
November new home sales rose 5.2 percent from October and 16.5 percent from a year ago, to 592,000 units (SAAR) -- the second-highest level reached in 2016, according to the U.S. Census Bureau.
Rapid Reaction: November New Home Sales
November new home sales rose 5.2 percent from October and 16.5 percent from a year ago, to 592,000 units (SAAR) -- the second-highest level reached in 2016, according to the U.S. Census Bureau.
November 2016 Market Report: Home Values Growing at Fastest Pace Since 2006
As 2016 comes to a close, annual growth in rents has stabilized, the number of homes listed for sale is at its lowest point on record and annual home value growth is accelerating. Looking ahead into 2017 and beyond, all three of these trends are likely to continue influencing each other and the market as a whole.
Rapid Reaction: November Existing Home Sales
November existing home sales rose 0.7 percent from October and were up 15.4 percent from a year ago, the third straight monthly increase, according to the National Association of Realtors.
Q3 2016 Negative Equity Report: Bottom Heavy
Negative equity continues to recede as home values keep rising and the market inches ever closer to fully, finally regaining all value lost during the recession. And crucially, as home value growth among less-expensive homes outpaces growth at the higher end, negative equity is falling at a faster clip among entry-level homes – the exact kinds of homes sought by all-important first-time home buyers.
Rapid Reaction: November Jobs Report
U.S. employers added 178,000 non-farm jobs in November. The unemployment rate fell to 4.6 percent, the lowest since August 2007, largely driven by employment gains among adult men.
October Case-Shiller Forecast: Continuing to put the Recession in the Rearview
According to Zillow’s October Case-Shiller forecast, annual growth in the national index is expected to continue to accelerate, along with upticks in monthly growth in both smaller 10-city and 20-city indices.
September Case-Shiller: Home Prices Blow Past Pre-Recession Peaks
September Case-Shiller data revealed a national housing market that has – finally – exceeded it’s pre-recession peaks and continues to accelerate, growing slightly faster than in prior months and largely in line with our expectations.
Rapid Reaction: October New Home Sales
The new home sales market continues to underwhelm, taking baby steps forward and baby steps backward from month-to-month when what we really need to see are giant leaps.
Rapid Reaction: October Existing Home Sales
The existing home sales market continues to show surprising strength, defying expectations for a modest fall and instead delivering the strongest month in almost a decade. Clearly, the market continues to underestimate just how much demand for homes is out there, even in the face of tight inventory and rising existing home prices that are now the highest on record.
