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.
July New Home Sales: Surprising Drop, But With Caveats
New homes sales declined 9.4 percent from June to 571,000 units at a seasonally adjusted annual rate (SAAR), according to the U.S. Census Bureau. The number of new homes for sale increased 1.5 percent to 276,000 units (SAAR), its highest level since June 2009. Unlike last month when spec homes were a major driver, the July increase was driven by completed or under-construction new homes.
Rapid Reaction: July New Home Sales
July new home sales fell 9.4 percent from June and 8.9 percent from a year ago, to 571,000 -- the lowest level since December 2016.
Highly ‘Favorited’ Homes on Zillow Sell Faster and for More Money
Favorites are a leading indicator of market competitiveness: Homes that accumulate the most favorites -- in the 80th percentile of their metro or higher – sell faster than 64 percent of the homes in their area. Those same highly favorited homes sell for a higher sale-to-list-price ratio than most other homes in their metro area.
July Home Sales Forecast: Inventory Plateau Leaving Buyers High and Dry
We expect existing home sales to edge slightly lower, while new home sales will fall more sharply.
See How Million-Dollar ZIP Codes Have Changed Since 2007
More than one in 25 ZIP codes has a significant portion of homes worth at least $1 million -- and most of the ZIP codes in tech hubs San Francisco (74 percent) and San Jose (77 percent) are million-dollar ZIP codes.
Recession Could Hit by Late 2019, Experts Say
A panel of economists and experts says there’s a 52 percent probability of the next recession starting by the end of 2019. That probability jumps to 73 percent for a recession starting by the end of 2020.
Q2 2017 Housing Affordability: The Squeeze Continues
Rents are far less affordable than mortgages, taking nearly twice the share of income. It's an issue that's become apparent among low-income renters as the eviction and homelessness crises worsen in some areas.
Rapid Reaction: July 2017 Jobs Report
Employers added 209,000 jobs in July and the unemployment rate dipped to 4.3 percent, according to the July jobs report from the U.S. Census Bureau.
