How to Fix Housing Assistance With the Funds We Already Have
We are doing a lousy job providing housing assistance to the millions of Americans that need and qualify for it, failing to reach three in four eligible households. But with disciplined accounting and a hard look at ineffective programs long past their prime, we can essentially bring that number to 100 percent without spending an extra dime.
How Much is Every Home in America Worth? A Lot.
The combined, total value of every home in the United States is expected to climb to a record high of more than $29.6 trillion in 2016, up 5.7 percent from a year ago. And the total amount collected by landlords from the nation’s renters in 2016, while dwarfed by the value of owned homes nationwide, is also growing and nothing to sneeze at.
Home values in counties that voted for Hillary Clinton had a more exaggerated boom and bust than in those that voted for Donald Trump, and homes in counties that voted for Trump are generally more affordable, according to a Zillow analysis of county-level home values, negative equity and affordability.
November Case-Shiller Forecast: Expect a (Very) Modest Slowdown
After several months in a row of accelerating growth in U.S. home prices, the pace of appreciation is expected to slow somewhat in November, according to Zillow’s November Case-Shiller forecast.
October Case-Shiller: U.S. Housing Market Continues to Accelerate
The national housing market is continuing to put last decade’s recession in the rearview mirror, according to October Case-Shiller data, accelerating from last month in line with expectations and continuing to reach new highs.
Rapid Reaction: November New Home Sales
November new home sales rose 5.2 percent from October and 16.5 percent from a year ago, to 592,000 units (SAAR) -- the second-highest level reached in 2016, according to the U.S. Census Bureau.
November 2016 Market Report: Home Values Growing at Fastest Pace Since 2006
As 2016 comes to a close, annual growth in rents has stabilized, the number of homes listed for sale is at its lowest point on record and annual home value growth is accelerating. Looking ahead into 2017 and beyond, all three of these trends are likely to continue influencing each other and the market as a whole.
Rapid Reaction: November Existing Home Sales
November existing home sales rose 0.7 percent from October and were up 15.4 percent from a year ago, the third straight monthly increase, according to the National Association of Realtors.
November Home Sales Forecast: Rising Rates, Cooling Markets?
November home sales data will be a critical test of the resiliency of the American housing market. After falling steadily for much of the past two years, mortgage rates rose in mid-November as markets responded to the results of the U.S. presidential election. By the end of the month, rates were about 50 basis points above where they stood in October.
Q3 2016 Negative Equity Report: Bottom Heavy
Negative equity continues to recede as home values keep rising and the market inches ever closer to fully, finally regaining all value lost during the recession. And crucially, as home value growth among less-expensive homes outpaces growth at the higher end, negative equity is falling at a faster clip among entry-level homes – the exact kinds of homes sought by all-important first-time home buyers.
