U.S. real Gross Domestic Product rose 1.9 percent in Q4 2016, according to advance estimates from the U.S. Bureau of Economic Analysis, down from 3.5 percent growth recorded in Q3.
U.S. real Gross Domestic Product rose 1.9 percent in Q4 2016, according to advance estimates from the U.S. Bureau of Economic Analysis, down from 3.5 percent growth recorded in Q3.
Rapid Reaction: December New Home Sales
December new home sales fell 10.4 percent from November, to 536,000 (SAAR), and finished 2016 down 0.4 percent year-over-year. Initially reported data from October and November was revised upward by a combined 14,000 sales.
Rapid Reaction: December Existing Home Sales
After beating expectations in September, October and November, reality finally caught up with existing homes sales in December. This monthly drop cancelled out any momentum sales had picked up – making the annual gain just shy of 1 percent.
December 2016 Market Report: What Could Flattening Rents Mean for 2017?
A months-long streak of accelerating home value growth was met with an equally long stretch of flattening rents to end 2016, a trend with interesting implications for the housing market as a whole as attention turns to the busy 2017 home shopping season to come.
Homes in Black Neighborhoods Twice as Likely to be Underwater as Homes in White Neighborhoods
Nationwide and in a number of large metro markets, the negative equity rate in largely black communities is double or more the rate in majority white communities. The disparities reflect the wide gulf that exists between white America and communities of color and their very different experiences throughout the housing boom, bust and recovery.
Rapid Reaction: December Jobs Report
The final jobs report of 2016 was fairly consistent with what we've seen over the past few months, showing decent if not spectacular growth and painting a picture of an economy in overall good shape.
On January 11, I’m headed to Washington, D.C. to participate in the 2017 Zillow Economic Forum, and I couldn’t be more excited about it. This event will focus on the generational, racial, and socio-economic disparities that exist in the housing market. I’m excited to shed light on these disparities and explore ways that we can improve economic opportunity for all Americans.
How Much is Every Home in America Worth? A Lot.
The combined, total value of every home in the United States is expected to climb to a record high of more than $29.6 trillion in 2016, up 5.7 percent from a year ago. And the total amount collected by landlords from the nation’s renters in 2016, while dwarfed by the value of owned homes nationwide, is also growing and nothing to sneeze at.
November Case-Shiller Forecast: Expect a (Very) Modest Slowdown
After several months in a row of accelerating growth in U.S. home prices, the pace of appreciation is expected to slow somewhat in November, according to Zillow’s November Case-Shiller forecast.
October Case-Shiller: U.S. Housing Market Continues to Accelerate
The national housing market is continuing to put last decade’s recession in the rearview mirror, according to October Case-Shiller data, accelerating from last month in line with expectations and continuing to reach new highs.
