Key Takeaways From the October Existing Home Sales Report
Seemingly every month for the past year, a strong jump in existing home sales has been followed by a strong decline, and then vice versa the next month.
Rapid Reaction: Oct. Existing Home Sales
Existing home sales have been on a bit of a rollercoaster ride the past few months: Down in August, up big in September and now down again in October.
Revisiting Mortgage Lending in Detroit: New Insights From HMDA
Detroit’s housing market is – slowly, seemingly perpetually – “getting there,” recovering in fits and starts and unevenly throughout the roughly 150-square-mile city that is home to more than 600,000 residents.
October Market Reports: Home Value Growth Accelerates, While Rent Growth Slows
As the U.S. housing market enters the fourth quarter of 2015, the dominant trends from the first quarter have reversed. Annual home value appreciation, previously slowing down, has accelerated; while growth in rents, previously accelerating, has begun to slow down.
Rising Rents Impact Rental Affordability & Pose Challenges to Homeownership, Too
Comparatively low monthly mortgage payments, coupled with increasingly expensive rents, continue to make homeownership a relative bargain to millennials and other potential home buyers. But there’s a catch.
The Evolving First-Time Homebuyer
The role of first-time homebuyers in the real estate market has remained remarkably constant – and hugely important – over the years. But while the role of first-time buyers hasn’t changed, the defining characteristics of first-time buyers, and what they’re looking for in a first home, is constantly evolving.
Zillow Reading List, November 6th
Zillow Reading List is a regular roundup of these interesting pieces we come across, with some thoughts about each and how it ties into our existing research and/or has spurred new questions.
Small Victories: Mortgage Denials for Blacks, Hispanics Less Frequent in 2014
Denial rates for primary mortgage applications were down across the board last year compared to 2013, particularly for black and Hispanic borrowers, according to the most recent data released under the Home Mortgage Disclosure Act (HMDA).
Where to Avoid Freddy This Halloween (Krueger, That Is, Not Mac…)
Think your dreams (or nightmares) are safe from the murderous Freddy Krueger, just because you don’t live in the fictional town of Springwood, Ohio? Think again. There are 92,225 homes inauspiciously located on one of the 2,376 Elm Streets nationwide.
October Home Sales Forecast: Going Nowhere Fast
For the past two months, existing and new home sales have moved in opposite directions: When one has gone up, the other has gone down. We don’t expect this pattern to change when October home sales data is released next month.
