February Case-Shiller Forecast: Year-Over-Year Price Gains to Continue
Annual gains in the S&P CoreLogic Case-Shiller home price indices are expected to maintain their smoking pace in February, while month-over-month gains are expected to slow, according to Zillow's February Case-Shiller forecast.
January Case-Shiller: Home Prices Continue to Heat Up
Annual gains in U.S. home prices continued in January, as expected, with the national Case-Shiller home price index setting a 31-month high. Seattle, Portland, and Denver reported the largest year-over-year gains in the 20-city composite index for each of the last 12 months.
Time to Tweak Regulations in Dodd-Frank, but Keep Homeowners Safe
My colleagues at Zillow and I created the Zestimate in 2006 just as the housing market was inflating into a bubble. Millions of estimated home values became a lens through which to watch the crash and subsequent recovery. Using that data, Zillow first reported from the rubble of the housing market bust that U.S. homeowners were underwater by more than a trillion dollars, and almost a third of homeowners with a mortgage owed more on their loans than their homes were worth.
Dismal Growth in Coal Country Home Values
Coal mining jobs stood at 57,919 in the middle of 2016, down a devastating 61.4 percent from 1990. And home values in coal-mining counties have been stagnant in recent years.
Key Takeaways from the February New Home Sales Report
New home sales beat expectations, rising 6.1 percent in February to 592,000 units at a seasonally adjusted annual rate, according to the U.S. Census Bureau. It was the strongest month for new home sales since July 2016, and that month aside, the strongest month for new home sales since February 2008.
Rapid Reaction: February New Home Sales
February new home sales surged 6.1 percent from January and 18 percent from a year ago to 592,000 units (SAAR), according to the U.S. Census Bureau. February marks a seven-month high for new home sales and the second-highest month since February 2008.
February 2017 Market Report: Inventory Still Low as Home Shopping Season Begins
Median U.S. home values rose 6.9 percent in February compared to a year ago, the 55th consecutive month of annual home value growth and the 18th month in a row in which annual appreciation exceeded 5 percent, according to the February Zillow Real Estate Market Report.
February Existing Home Sales Key Takeaways: Sales Remain Strong Despite Seasonal Blips
Existing home sales fell in line with expectations in February, dropping 3.7 percent from January to 5.48 million units at a seasonally adjusted annual rate (SAAR), according to the National Association of Realtors (NAR).
February Home Sales Forecast: Supply-side Woes Continue
Zillow’s February home sales forecast calls for data released this week to show once again that demand from home buyers remains strong as the market moves toward peak home shopping season.
