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.
Tax Reform With $750k Cap on Mortgage Interest Deduction Would Leave 1 in 7 U.S. Homes Eligible
As the House and Senate search for common ground between their respective tax overhaul plans, reports indicate at least one discrepancy – the cap on the Mortgage Interest Deduction (MID) – might already be resolved.
Rising Single-Family Rentals Dampening Home Sales
Hundreds of thousands of homes that may have otherwise sold in a typical year over the past decade – particularly more-affordable homes – have instead been taken off the market and converted to single-family rentals, a trend that exploded in popularity in recent years and is only now beginning to level off.
Bump in 2018 Conforming Loan Limits Likely to Save Borrowers Thousands
Tens of thousands of homes in some of the nation’s priciest housing markets – including New York, L.A., Miami and Seattle – will no longer require a jumbo purchase mortgage next year, likely saving their potential buyers thousands of dollars.
For people who don't like their market too hot or too cold, these “sweet spots” have strong job and income growth but relatively affordable rents.
