February Case-Shiller Forecast: Year-Over-Year Price Gains to Continue
Annual gains in the S&P CoreLogic Case-Shiller home price indices are expected to maintain their smoking pace in February, while month-over-month gains are expected to slow, according to Zillow's February Case-Shiller forecast.
January Case-Shiller: Home Prices Continue to Heat Up
Annual gains in U.S. home prices continued in January, as expected, with the national Case-Shiller home price index setting a 31-month high. Seattle, Portland, and Denver reported the largest year-over-year gains in the 20-city composite index for each of the last 12 months.
Rapid Reaction: February New Home Sales
February new home sales surged 6.1 percent from January and 18 percent from a year ago to 592,000 units (SAAR), according to the U.S. Census Bureau. February marks a seven-month high for new home sales and the second-highest month since February 2008.
February 2017 Market Report: Inventory Still Low as Home Shopping Season Begins
Median U.S. home values rose 6.9 percent in February compared to a year ago, the 55th consecutive month of annual home value growth and the 18th month in a row in which annual appreciation exceeded 5 percent, according to the February Zillow Real Estate Market Report.
Rapid Reaction: March 2017 Federal Reserve Interest Rate Hike
Today’s widely anticipated interest rate increase is a reflection on the broad-based strength of the U.S. economy, and already partially priced into mortgage markets.
Rapid Reaction: February Jobs Report
Employers added 235,000 jobs in February and the unemployment rate remained unchanged, according to the February jobs report from the U.S. Bureau of Labor Statistics.
Q4 2016 Negative Equity Report: Improvement Continues, But at a Much Slower Rate
The annual pace at which negative equity receded slowed dramatically in 2016, further proof that even as the housing market continues to put the boom and bust behind it, some scars will take a lot longer to heal.
Accuracy in Context: Why Zillow’s Case-Shiller Forecast Is So Dependable
The S&P CoreLogic Case-Shiller Home Price Indices have long been a benchmark for measuring changes in home price appreciation nationwide and in many individual markets. But despite Case-Shiller’s reputation, weaknesses including an older methodology, limited footprint and substantial lag in timeliness make it fairly easy to predict, and open the door for newer measures like the Zillow Home Value Index to offer a more nuanced and timely look at the market.
