Hurricane Irma’s Flooding Wasn’t as Severe as First Feared, Possibly Sparing Half a Million Homes
If the mainland of Florida had been struck by a Category 4 storm, our estimates show that just over a million homes statewide, worth a combined $329 billion, could have been flooded by storm surges. That's more than a third of the homes in Florida.
Hurricanes Harvey & Irma: What We Know and What to Expect
There remains much uncertainty and fear about estimated and actual damage to housing markets in Texas and the Southeast as a result of Hurricanes Harvey and Irma. But based on past and present research, there are several things we can state with confidence about both situations, and more about which we can make educated assumptions.
Rapid Reaction: August Jobs Report
After showing little growth for much of the spring and summer, the construction industry broke through in August and added almost 30,000 jobs nationwide, highlighting what was otherwise a fairly disappointing August jobs report characterized by slower-than-expected job growth and slow but steady wage growth.
It's not too late to join the competition to win over $1 million from Zillow for improving the Zestimate. But it will be soon!
July Case-Shiller Forecast: Slowdown Coming in Home Prices
Following months of record highs in the Case-Shiller U.S. National Index for home prices, July is expected to bring a slowdown.
June Case-Shiller Results: Climbing Faster Than Forecast
The market continues to put the worst effects of the Great Recession in the rear view.
For Many Low-Income Households, Even Low-Valued Homes Aren’t Affordable
Lower-income households spend 23 percent of their incomes on mortgages for homes valued in the lower third -- more than twice the 11.1 percent that a typical high-income homeowner pays for a home valued in top third of homes nationally. The inequality is worse in pricey coastal markets.
July Existing Home Sales: Stagflation
It was the first time since late 2015 that sales have declined for two months in a row. There have been only five months in the past 35 years (the data series starts in June 1982) when there were fewer single-family homes on the market.
Rapid Reaction: July Existing Home Sales
July existing home sales fell 1.3 percent from June to 5.44M units, the lowest level since August 2016, according to the National Association of Realtors.
July 2017 Market Report: Almost Half of U.S. Homes Are Worth More Now Than Before the Bubble
In seven metro areas, more than 90 percent of homes have exceeded their pre-recession peak values.. But only 0.4 percent of homes in Las Vegas is worth more than its pre-recession peak value.
