Zillow Home Value and Sales Forecast: May 2022
Zillow’s housing market outlook has been revised down from April. Zillow forecasts 11.6% home value growth over the next 12 months (May 2022-April 2023). 5.73 million existing home sales are expected in 2022, according to Zillow’s latest forecast, a 6.4% decrease from 2021.
Mortgage Rates Decline Slightly But Hikes Expected
Mortgage rates declined slightly last week, but are still more than two percentage points higher than a year ago.
Mortgage Rates Rise As Markets Reverse Course
Mortgage rates increased last week, reaching heights we haven’t seen in more than a decade. While markets reacted positively to the Federal Open Market Committee action last week, markets reversed course in recent days to drive rates higher. Inflation, supply chain challenges and labor issues continue to weigh on the minds of market watchers, and may force the Federal Reserve to take more hawkish actions to tame inflation than what is currently being signaled
Mortgage Rates Fall Slightly, Economic Data In Line With Expectations
Mortgage rates fell slightly last week. Economic data releases last week were largely in line with expectations, with GDP declining slightly in the first quarter, price indicators showing continued inflation and jobless claims highlighting continued tightness in labor markets.
Mortgage Rates Rise in Reaction to Fed Comments
Mortgage rates moved up last week, reaching their highest levels in more than ten years.
Mortgage Rates Reach Highest Level in More Than Ten Years
Mortgage rates moved up last week, reaching their highest levels in more than ten years.
Zillow Home Value and Sales Forecast: April 2022
Zillow expects annual home value growth to begin a gradual cooldown late this spring. ZIllow forecasts 14.9% growth over the next 12 months.
Inventory rose substantially in March, a welcome return to seasonal norms for the housing market.
Mortgage Rates Exceed 5% For First Time Since 2018
Mortgage rates increased last week, with the average 30-year fixed rate exceeding 5% for the first time since late 2018.
Mortgage Rates Down Slightly While Market Volatility Increasing
Mortgage rates were down slightly last week. Market volatility has been increasing with the ongoing war in Ukraine and reactions to central bank actions and comments.
