Prairie Village, KS was Zillow’s Most Popular City in 2022
Kansas’ Prairie Village is Zillow’s most popular city of 2022, representing rising interest in the Midwest and heading a dramatic reversal from 2021’s West Coast-centric leaders.
Zillow Home Value and Sales Forecast: December 2022
Zillow forecasts that home value appreciation will continue to ease down over the coming months. The national Zillow Home Value Index, which rose 10.4% in the 12 months ending in November, is expected to fall 1.1% over the next 12 months.
November Housing Starts: Homebuilding Continues to Slow
November continued to see a slip in home construction activity, despite inflation cooling off and mortgage rates falling.
Home Price Declines Resumed in November As Buyers Await Better Deals (November 2022 Market Report)
Home values slipped 0.2% in November, resuming a slow decline that began this summer.
Rents Slide by Largest Amount in at Least 7 Years (November 2022 Rental Report)
Asking rents declined 0.4% from October to November, the largest one-month decline in the seven-year history of the Zillow Observed Rent Index. November is usually the slowest month for rent increases, but outright declines had not exceeded 0.1% in this time of the year before the pandemic.
10 Best Metros For First Time Home Buyers in 2023
After the pandemic fueled bidding wars, the number of shoppers in the housing market has fallen. And although housing affordability is extremely challenging these days, some markets fare better than others for first time home buyers.
The typical U.S. home value fell slightly from October to November (-0.2%), as high interest rates further discouraged home buyers.
Mortgage Rates Fall Slightly on Evidence of Waning Inflation
Mortgage rates fell slightly this week, as more evidence of waning inflation helped push rates back to their lowest levels in months.
Mortgage Rates Fall Sharply on Cooling Inflation
Mortgage rates fell sharply this week, retreating to their lowest level since September, and appear poised to fall further ahead of next week’s key update on inflation.
