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.
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.
