Q2 2016 Market Report: Tight Inventory Leads to a Need for Speed
It’s well known that a lack of homes for sale is limiting home buyers’ choices this home shopping season. But this inventory shortage is also contributing to another home buying hurdle – along with limited options, buyers also have increasingly limited time to make a decision on a home purchase.
Rapid Reaction: June Existing Home Sales
Sales of existing homes were unexpectedly strong in June, edging up for the fourth consecutive month to a nine-year high and defying expectations for a modest monthly decline.
A Wealth of Problems: How the Housing Bust Widened the Rich-Poor Gap
The gap between the rich and poor in the U.S. was already wide prior to the Great Recession, and the housing bust and foreclosure crisis that followed only made it worse.The gap between the rich and poor in the U.S. was already wide prior to the Great Recession, and the housing bust and foreclosure crisis that followed only made it worse.
Housing Highs & Lows: How the Home Affordability Gap Between the Rich and Poor is Widening
Buying a home with a mortgage got slightly more affordable to start of the year, especially compared to renting. But while mortgage affordability overall has improved somewhat, for low-income Americans looking to buy even a modest home, affordability has actually gotten worse – at the same time as it improved for those earning more.
Negative Equity Falling Faster Among Less-Expensive Homes
The overall negative equity rate among bottom-tier homes nationwide was 21.8 percent in Q1, compared to 7.3 percent among top-tier homes, 11.4 percent for middle-tier homes and 12.7 percent for all U.S. homes.
May Case-Shiller Forecast: April’s Modest Monthly Slowdown Should Continue
Zillow’s May Case-Shiller forecast calls for monthly growth in the 10- and 20-city indices falling from April while annual growth stays flat.
April Case-Shiller: Growth Slows Somewhat, but Remains Stable
April Case-Shiller data indicate a slight but widespread slowdown in home price growth compared to March, with all three major indices growing less quickly than expected, though at a pace still very much in line with the past few months.
May 2016 Market Report: Bottom-Tier Volatility and Top-Tier Stability Reveals A Tale of Two Markets
Rapid and accelerating growth in entry-level U.S. home values, and the affordability squeeze it’s causing for the market’s core, has gained a lot of attention lately. But flying largely under the radar has been an almost year-and-a-half-long stabilization in home value growth among top-tier U.S. homes.
Rapid Reaction: May New Home Sales
May new home sales fell 6 percent from April to 551,000 units (SAAR), according to the U.S. Census Bureau. New home sales were up 8.7 percent from May 2015.
Rapid Reaction: May Existing Home Sales
It's encouraging to see another month of growth, the third in a row, in today's May existing home sales report. But beyond that, it offers buyers little good news to grasp onto.
