The Evolving American Household: Growth in Multigenerational Living
A growing share of American households have three or more generations of the same family living under the same roof.
February Home Sales Forecast: Slow Start to 2016
Unexpectedly weak pending home sales in January, combined with two consecutive months of contracting housing starts, point to a slow start to 2016 for home sales according the Zillow’s February home sales forecast.
U.S. Housing Confidence: Future Uncertainty Weighs, But Key Demographic Groups Remain Confident
Americans’ overall confidence in the U.S. housing market slipped at the beginning of 2016 from a year ago, according to the January 2016 Zillow Housing Confidence Index, driven lower by diminished expectations of the market’s future. But despite this uncertainty, overall aspirations for homeownership are at their highest level in two years, driven in large part by faith among younger Americans and Americans-of-color in the general value of homeownership.
Key Takeaways From the January New Home Sales Report
January new home sales retreated after a strong December, falling 9.2 percent month-to-month to 494,000 units at a seasonally adjusted annual rate (SAAR), according to the U.S. Census Bureau. January new home sales were down 5.2 percent from a year earlier, and have been roughly flat over the past year.
Rapid Reaction: January New Home Sales
January new home sales fell 9.2 percent from December and 5.2 percent from a year ago, to 494,000 units (SAAR), according to the U.S. Census Bureau.
Key Takeaways From the January Existing Home Sales Report
January existing home sales edged up 0.4 percent from December to 5.47 million units at a seasonally adjusted annual rate (SAAR), and hit a new price high in the month, according to the National Association of Realtors (figure 1). December sales were revised slightly downward to 5.45 million units (SAAR) from 5.46 million units (SAAR).
January Case-Shiller Forecast: Modestly Slower Growth Expected
The December Case-Shiller indices grew at a pace in line with prior months, with all three headline indices showing annual appreciation above 5 percent per year. Zillow expects all three January Case-Shiller indices to show slower growth, with the 10-City Composite Index expected to register sub-5 percent annual growth for the first time in months.
December Case-Shiller: Steady As She Goes
This morning, all three of the S&P/Case-Shiller Home Price Indices showed annual home price growth above 5 percent in December. The December Case-Shiller indices grew at a pace very similar to that recorded in November.
January Market Report: Low Inventory Limiting Options for Buyers Nationwide
For months, the story in the national housing market has been about the differences in housing market performance in various local markets – some markets are super hot, some a little more sedate and some still struggling to recover – depending on local economic fundamentals. But if there’s one constant across almost every market nationwide, it’s lack of inventory.
Experts: Housing Not Immune to Immigration Debate
So far in the 2016 presidential campaign, immigration policy is hot and housing policy is not. But if recent trends in unauthorized immigration continue, the housing market could get hit with a raft of unintended consequences.
