April Existing Home Sales: It Was Always Going to be Bad
April existing home sales fell 17.8% from March to 4.33 million, according to the National Association of Realtors, the largest monthly decline since 2010.
Coronavirus Drives Biggest Rent Slowdown In At Least Five Years (April 2020 Market Report)
The coronavirus helped slow annual rent growth by half a percentage point in April from March, the largest monthly drop in at least five years.
Mortgage Rates Fall to New Lows Amid Continued Uncertainty
Mortgage rates fell to new lows this week, as broad market uncertainty continues to keep downward pressure on rates.
Zillow Market Pulse: May 20, 2020
Purchase mortgage activity stayed strongs. More consumers are getting help with their credit card and auto loans, and corporate bond issuance is sky-high.
Zillow Market Pulse: May 19, 2020
Home construction fell sharply in April. The FHFA offered more clarity for borrowers in forbearance, but not all borrowers are equally protected.
April Housing Starts: Now What?
April housing starts fell 30.2% from March to 891,000 (SAAR), by far the largest monthly decline on record, according to the U.S. Census Bureau.
Zillow Market Pulse: May 18, 2020
Homebuilder confidence rose somewhat in May, but remains deeply pessimistic. And consumer debt was on shaky ground even before the crisis.
Zillow Market Pulse: May 15, 2020
After falling off a cliff in March, retail sales fell off another, higher cliff in April. And mass layoffs in March led the early labor market decline.
Zillow Market Pulse: May 14, 2020
3.5 million more jobless claims were filed, foreclosure and eviction moratoriums were extended and different groups are adjusting spending differently.
Mortgage Rates Fall on Powell’s Gloomy Remarks
After falling this week, mortgage rates are at their lowest levels in the last two weeks and remain near all-time lows.
