Stock Turbulence and Strong Economic Data Leave Mortgage Rates Flat
Mortgage rates dipped and then recovered over the past seven days, ending up in roughly the same place as where they stood a week ago.
Blue County Home Values Crashed Harder, Recovered Stronger
Following the 2016 presidential election, homes in counties that voted for Hillary Clinton and President Donald Trump fared very similarly until earlier this year.
August Case-Shiller Results and September Forecast: A Slowdown in Home Prices
It’s more welcome news for would-be home buyers, who must be breathing a collective sigh of relief that home price growth finally has slowed.
First-time Buyers Drive Gains (Q3 2018 Homeownership Rate)
Led by another surge in owner household formation, homeownership rates are up again, but those gains are not driven by those who experienced the housing crash and lived to tell about it.
The Real Nightmare on Elm Street: Scary Good Deals
This Halloween, home buyers can find a bargain in many cities by shopping on their local Elm Street… if they dare. Nationwide, the median house on Elm Street is worth about $133,000 or roughly 40 percent less than the median U.S. home.
Rates Surprisingly Steady Despite Turmoil in Equity Markets
Continued uncertainty on Wall Street may prompt a significant retreat, but for now rates are holding firm very near to their highest levels in seven years.
September New Home Sales: Rapid Reaction
Builders have not been building like they used to for some time now -- and with winter coming, they appear to be in retreat even from those historically low levels.
Home Buyers Need 7.2 Years to Save Down Payments – 1.5 Years More Than in 1988
In San Jose, Calif., buyers would need a whopping additional 13.3 years. In a handful of major metropolitan areas, the time it would take to save a down payment with a constant savings rate of 10 percent is shorter than it was 30 years ago.
Property Tax Exemptions Saved Californians $30 Billion in 2018
Working with reporters at CALmatters – a nonpartisan and nonprofit journalism venture based in Sacramento – Zillow estimated the current gap between what Californians pay in property taxes and what they would owe if property taxes were based on current market values.
