Rapid Reaction: July 2017 Jobs Report
Employers added 209,000 jobs in July and the unemployment rate dipped to 4.3 percent, according to the July jobs report from the U.S. Census Bureau.
Rapid Reaction: July 2017 Jobs Report
Employers added 209,000 jobs in July and the unemployment rate dipped to 4.3 percent, according to the July jobs report from the U.S. Census Bureau.
Rapid Reaction: Q2 Homeownership Rate
The U.S. homeownership rate rose to 63.7 percent in Q2 from 63.6 percent in Q1 and 62.9 percent a year ago, according to the U.S. Census Bureau, as more renters likely transitioned into homeowners.
Rapid Reaction: June New Home Sales
June new home sales rose 0.8 percent from May and 9.1 percent from a year ago, to 610,000 (SAAR), according to the U.S. Census Bureau.
June Case-Shiller Forecast: Rare Monthly Declines Expected
We predict the slowdown of growth in Case-Shiller's three home-price indices to continue into June.
May Case-Shiller Results: Slowing, But Still Growing
At this point in the recovery, the main story in housing is less about rising home prices and more about the falling, woefully insufficient inventory of homes for sale.
Rapid Reaction: June Existing Home Sales
June existing home sales slipped 1.8 percent from May, to 5.52 million (SAAR) according to the NAtional Association of Realtors, the lowest level since February and just 0.7 percent above the pace from a year ago.
Inventory Is Down, But Listings Aren’t (June 2017 Market Report)
Inventory is tight and home values are rising, and it’s easy to assume that the main culprit for shrinking inventory is a shrinking number of homes being listed for sale. Easy, but wrong.
Typical millennial and Gen X homeowners with a mortgage have roughly similar levels of equity in their homes, even though Gen X homeowners are older and have had a longer window to own a home and build equity in it.
May Case-Shiller Forecast: Expect the Cooldown to Continue
On the heels of a larger-than-expected slowdown in April, Zillow anticipates Case-Shiller data to show a continued cooling in home price growth in May almost across the board, with prices even falling slightly from April in one key index.
