February Case-Shiller Forecast: More of the Same, But Slightly Slower
The January Case-Shiller indices grew at the exact same annual pace as December. Looking ahead, expect all three February Case-Shiller indices to show similar but slightly slower slower growth, with the 10-City Composite Index expected to register sub-5 percent annual growth for the first time in months, according to Zillow's February Case-Shiller forecast.
January Case-Shiller: Home Prices Started 2016 the Same Way they Ended 2015
Year-over-year home price growth at the start of 2016 looked identical to the end of 2015, according to the S&P/Case-Shiller Home Price Indices (SPCS). Today, all three headline SPCS indices registered annual growth in January at the same pace as that recorded in December.
February Market Report: Peeking at Home Value Peaks
Median home values in more than a quarter of the nation’s metro housing markets are currently, or were recently (within the last year), at peak and as high as they’ve ever been, according to the February Zillow Real Estate Market Report. But what do home value peaks really mean?
Rapid Reaction: February Existing Home Sales
Poor weather in January led to weak pending sales last month, which translated into weaker-than-expected February existing home sales. Additionally, continued tight inventory continued to weigh on the market last month.
Q4 2015 Negative Equity: When Abnormal Is the New Normal
It’s no secret that high levels of negative equity cause housing markets to act abnormally. But that doesn’t mean that some amount of negative equity isn’t normal, or that persistently elevated rates of negative equity aren’t rapidly becoming the new normal in dozens of markets nationwide.
Rapid Reaction: January New Home Sales
January new home sales fell 9.2 percent from December and 5.2 percent from a year ago, to 494,000 units (SAAR), according to the U.S. Census Bureau.
January Case-Shiller Forecast: Modestly Slower Growth Expected
The December Case-Shiller indices grew at a pace in line with prior months, with all three headline indices showing annual appreciation above 5 percent per year. Zillow expects all three January Case-Shiller indices to show slower growth, with the 10-City Composite Index expected to register sub-5 percent annual growth for the first time in months.
December Case-Shiller: Steady As She Goes
This morning, all three of the S&P/Case-Shiller Home Price Indices showed annual home price growth above 5 percent in December. The December Case-Shiller indices grew at a pace very similar to that recorded in November.
January Market Report: Low Inventory Limiting Options for Buyers Nationwide
For months, the story in the national housing market has been about the differences in housing market performance in various local markets – some markets are super hot, some a little more sedate and some still struggling to recover – depending on local economic fundamentals. But if there’s one constant across almost every market nationwide, it’s lack of inventory.
Rapid Reaction: December New Home Sales
New home sales had a strong December, recording their best month since February 2015 and second-best since 2008. Additionally, for the first time since July 2015, both new and existing home sales for the month moved in the same direction, reversing a months-long trend in which one would rise, and the other would fall.
