Zillow Market Pulse: May 29, 2020
Consumer spending was way down in April, and saving was way up. Consumers are bracing for a long road ahead. And a wave of corporate defaults looms.
More Than 8 Million U.S. Workers Live in Cities, But Don’t Work There
Asking if work-from-home will push migration to the suburbs ignores millions of workers living in cities not because of proximity to work, but despite it.
Zillow Market Pulse: May 28, 2020
Pending home sales cratered in April, the U.S. notched another week of 1 million-plus unemployment claims and GDP fell by more than first thought.
Zillow Market Pulse: May 27, 2020
Purchase mortgage applications are higher than they were a year ago, and the share of mortgages in forbearance keeps rising -- but more slowly.
Mortgage Rates Rise Slightly, But Look Poised to Remain Low for a While
Average mortgage rates rose slightly over the last seven days, but remain near all-time lows and don't look to be heading much higher any time soon.
Zillow Market Pulse: May 26, 2020
April new home sales were unexpectedly strong, consumer sentiment is improving somewhat and industry isn't contracting as quickly as it was.
March Case-Shiller Results and April Forecast: Housing Maintains its Strength
The S&P CoreLogic Case-Shiller U.S. National Home Price Index® rose 4.4% year-over-year in March (non-seasonally adjusted), up from 4.2% in February.
April New Home Sales: A Very Pleasant Surprise
April new home sales were up 0.6% from March, to 623,000 (SAAR), handily beating consensus expectations for a 23% monthly decline.
Coronavirus Not Yet Driving a Surge in Suburban Home Searches
Will a new fear of density in the wake of the coronavirus pandemic cause people to flee cities for the suburbs? So far, Zillow data say “No.”
Zillow Market Pulse: May 21, 2020
Existing home sales fell sharply in April, but not by as much as expected. In the same month, mortgage delinquencies almost doubled.
