Rapid Reaction: November New Home Sales
2017 was OK for new home sales, but there’s no question it could have been a lot better and that more can and needs to be done by builders to address the ongoing inventory crunch the market has been enduring for the past several years.
Rent Growth Catches Up to Income Gains After Slowdown (November 2017 Market Report)
For the almost two years leading up to and including May 2016, rents grew faster than incomes, at times more than three times as fast. Then incomes outpaced rents for more than a year. Now rent growth is catching back up.
Housing Data 101: Why Use the Zillow Home Value Index (ZHVI) Instead of a Median Sale Price Series
We recommend using ZHVI to track home values over time for the simple reason that ZHVI represents the whole housing stock and not just the homes that list or sell in a given month.
Mortgage Rates Bounce on Strong Home Sales News
Markets reacted to existing home sales numbers that were much stronger than expected in November, further evidence that the U.S. economy is on strong footing.
November Existing Home Sales: Sales Surge to 11-Year High
There are 376,000 fewer single-family homes for sale in the United States compared to June 1982, but 35 million more American households – revealing the depth of the inventory crisis facing today’s home shoppers.
Rapid Reaction: November Existing Home Sales
November marked the third month in a row in which sales strongly beat expectations, showing strength despite an early Thanksgiving that might have otherwise delayed some closings and ushered in the start of the typically slower holiday season.
Tableau Iron Viz 2017: Zillow Data Three Ways (Download the Dataset)
The competition at Tableau’s annual conference in Las Vegas this fall culminated in an animated finale with three data visualization experts competing to create the most compelling data story.
November Home Sales Forecast: Back to Normal
Existing home sales in November likely finally, fully brushed off the lingering effects of late Hurricanes Harvey and Irma and should return to the relatively subdued levels experienced throughout much of the year, while new home sales are expected to come back to earth after an unexpectedly strong autumn.
As Rents Rise, More Renters Turn to Doubling Up
Thirty percent of working-age adults—aged 23 to 65—live in doubled-up households, up from a low of 21 percent in 2005 and 23 percent in 1990. Adults living with roommates or family members earn 67 cents for every dollar made by adults who live on their own or with a partner.
Mortgage Rates Edge Lower on Fed and Tax News
A Federal Open Market Committee (FOMC) Federal Funds Rate increase coincided with news of a compromise tax reform bill, sending mortgage rates slightly lower on Wednesday afternoon – likely due more to the fiscal policy than the Fed news.
