Mortgage Rates Jump Back Up, Continuing Wild Stretch of Volatility
Mortgage rates rose sharply in the past week, reversing recent declines and continuing a torrid stretch of wild swings over the past three weeks.
January Case-Shiller Results & February Forecast: Ancient History
Today’s Case-Shiller release captures data through January, long before more-recent developments flipped the housing market, and the world, on its head.
Zillow Market Pulse: March 30, 2020
Pending home sales were very strong in February, and the mortgage market continues to grapple with unintended consequences of big Fed actions.
Zillow Market Pulse: March 27, 2020
Consumer sentiment fell (suggesting spending may soon follow), oil prices plummeted and the government may find it tough to distribute $2 trillion in aid.
Zillow Market Pulse: March 26, 2020
An enormous number of Americans filed for unemployment benefits last week, shattering previous records. And signs of recovery emerged from China.
Two Months without Pay Pushes Food and Retail Workers to Spend 40% of their Annual Income on Rent
Renters working in food and retail industries could spend 40% of their annual income on housing costs if they are unable to work for two months.
Mortgage Rates Fall, Returning to Normal-ish Behavior — For Now
Mortgage rates fell notably over the last seven days, an otherwise wild stretch marked by one-day swings that would usually unfold over weeks or months.
February New Home Sales: High Water Mark
Early 2020 will come to be seen as a high-water mark in the U.S. housing market, with sales of new and existing homes riding a wave of positive momentum.
Early Data Point to U.S. Housing Slowdown in Coming Weeks
Initial data suggest housing was on solid footing prior to the U.S. coronavirus outbreak – but the strength of that foundation is being severely tested.
February Existing Home Sales: One Last Show of Strength
Existing home sales recorded their strongest release since February 2007 -- coincidentally, just before the last major economic drop-off.
