Rapid Reaction: September Jobs Report
This morning’s jobs report offered another glimpse into what has been a solid employment picture. Despite creating only 156,000 jobs in September instead of the expected 175,000 jobs, job creation remained at a solid pace.
Annual growth in median rents nationwide has slowed considerably from last summer’s breakneck pace, offering some relief to renters struggling to pay less money to their landlords and put more money into savings for a home purchase. But just because rental growth is slowing down, doesn’t mean it’s not still growing – and incredibly quickly – in some of the nation’s hottest markets, according to the Zillow Rent Forecast, contributing to continued affordability concerns.
August Case-Shiller Forecast: New Home Price Peaks Within Sight
According to Zillow’s August Case-Shiller forecast, the national index and both smaller 10 and 20-city indices look set to keep growing at a very similar rate as they have been for the past few months.
July Case-Shiller: Two Straight Years of Stable Growth
July Case-Shiller data revealed a national housing market continuing to grow at a steady annual pace in line with both prior months and with our expectations. Seasonally adjusted prices fell very slightly from June on both the 10- and 20-city indices.
Key Takeaways from the August New Home Sales Report
August new home sales fell 7.6 percent from July to 609,000 units at a seasonally adjusted annual rate (SAAR), according to the U.S. Census Bureau, the largest month-over-month percent drop in new home sales in almost a year.
Hillary Clinton’s Housing Plans: The Good, The Bad and the Missed Opportunities
Hillary Clinton’s housing plans are detailed and balanced, even while being incremental and unsurprising. Here’s my detailed take on The Good, The Bad and The Missed Opportunities in this area.
Rapid Reaction: August New Home Sales
August new home sales fell 7.6 percent from July, to 609,000 thousand units sold (SAAR), but remain 20.6 percent above last year's pace.
Key Takeaways from the August Existing Home Sales Report
After defying market expectations and showing surprising strength for much of the spring, late-summer doldrums are starting to hit the home sales market.
August 2016 Market Report: Steady as it Goes
From 10,000 feet, the U.S. housing market has been nothing if not predictable in 2016 – inventory has been down, home values have grown at a remarkably steady pace and sellers have largely been sitting pretty. None of these trends shifted meaningfully in August, though there are a precious few signs emerging that hint at potential changes on the horizon.
