April Case-Shiller Results: Cooling Off
High demand from home buyers and a limited supply of homes for sale are the main ingredients in the recipe for rising home prices.
April Case-Shiller Results: Cooling Off
High demand from home buyers and a limited supply of homes for sale are the main ingredients in the recipe for rising home prices.
Rapid Reaction: May New Home Sales
May new home sales rose 2.9 percent from April and 8.9 percent from a year ago, according to the U.S. Census Bureau, to 610,000 units (SAAR). Initially reported sales figures from prior months were also revised upward.
May 2017 Market Report: Inventory Falls at Fastest Pace in Years
As the national median home value approaches $200,000, the number of homes hitting the market drops at its fastest pace in almost four years.
Rapid Reaction: May Existing Home Sales
May existing home sales rose 1.1 percent from April and 2.7 percent from a year ago, to 5.62 million sales (SAAR), according to the National Association of Realtors.
Homes for Sale in More Than Half of Large Metros Less Affordable Than They Used to Be
Real prices on homes for sale is hurting affordability in many areas. For example, the median home available to buy in metro Los Angeles is currently listed at $650,000, which would take up 47 percent of the median income for that area.
Rapid Reaction: May Jobs Report
U.S employers added 138,000 jobs last month, and the national unemployment rate fell to 4.3 percent, according to the May jobs report from the U.S. Bureau of Labor Statistics.
Experts: Foreign Buyers to Have Limited Impact, Mostly on High-End Housing
U.S. home values are growing quickly, and expectations for future growth have also picked up. But while some may blame strong demand from overseas shoppers for rapid growth and fierce competition, experts say the impact of foreign demand on the market overall is muted at best.
April Case-Shiller Forecast: Tapping on the Brakes
Home prices will finally catch a break in April, when Zillow’s April Case-Shiller forecast expects growth of 5.6 percent in the national index, slightly slower than its 5.8 percent year-over-year climb in March.
March Case-Shiller Results: Home Prices Reaching for the Sky
Home buyer demand is sky-high, inventory levels are near rock-bottom and home prices keep rising.
April 2017 Market Report: A Decade Later, Home Values Return to Bubble-Era Peak
Some people will ask whether passing the 2007 peak means the housing market is in another bubble. It's not. In most markets during "normal times," home values typically rise over time to some degree, and absent any large shocks, each month will represent a new peak. The fact that it took the Zillow Home Value Index a decade to return to this point, let alone exceed it, is a testament to how far the market fell when it crashed. It's also a reflection of how outlandishly high it had climbed.
