Forecasts for Existing and New Home Sales (July 2019)
With the busy spring shopping season come and gone, it’s unlikely that we’ll see a sharp increase in existing home sales volume.
July Housing Starts: Still Languishing
Consumers stand ready to snap up new homes, particularly at the entry level, and mortgage rates are cooperating -- but new construction is not.
Home Value Growth Continues Steady Normalization as Inventory Creeps Up (July 2019 Market Report)
The annual pace of U.S. home value growth slowed for the seventh straight month in July as the market continues to normalize and slowly find more balance between home buyers and sellers.
Methodology: Zillow Rent Index (2019 Update)
The Zillow Rent Index methodology was changed in 2019 to better reflect the true rental stock and to account for small changes in the market.
Mortgage Rates Slip Slightly Despite Dizzying Week For Markets
Developments in trade discussions between the U.S. and China again took center stage this week, eventually pushing bond yields to multi-year lows after a dizzying stretch of sharp inclines and declines.
Young adults and people who live in coastal metros are the most likely to anticipate their lives will be affected by climate change. And more than half of people ages 18 to 34 could get behind anything but raising taxes to relocate at-risk communities – although they favored that option more than other age groups.
People Want A/C More Than They Want to Be Near Family and Friends
More than three-quarters (76%) of home buyers say air conditioning is “very” or “extremely” important, and two-thirds (66.4%) of renters agree. A far smaller share of each group says it’s similarly important to be near family or friends: 46.7% of buyers and 36.2% of renters.
Trade Battle Sinks Mortgage Rates
Rates fell sharply after the U.S. and China each took steps to escalate their months-long dispute.
Musicians Struggle to Afford Housing in ‘Music City’ Nashville
Nashville is known as Music City, but many homes on both the for-sale and rental market remain out of reach for musicians and singers. In the entire Nashville metro area, musicians could afford the monthly mortgage payment in about three-quarters of ZIP codes, thanks to low mortgage interest rates. But the typical musician could afford rent in just five of the Nashville metro area ZIP codes.
