Mortgage Rates Rise on Increasing Consumer Prices
Consumer price data showed prices increasing at the highest rate since early 1982 push mortgage rates up to over 4%.
Zillow January 2022-January 2023 Home Value & Sale Forecast
Zillow expects annual home value growth to continue to accelerate through the spring, peaking at 21.6% in May before gradually slowing.
146 New U.S. Cities Gained Million-Dollar Status in 2021, the Most Ever in a Single Year
There are now 481 cities nationwide in which the typical home value is at least $1 million, and almost half (44%) are in California.
Mortgage Rates Continue Rise, Up Half a Percent This Year
Mortgage rates continued to rise last week, and are up more than half a percent so far this year.
Millennial Demand is Driving up Prices in Family-Friendly Neighborhoods
Home values are growing fastest in areas with the highest share of children, a trend expected to continue as millennials age, buy homes and start families.
Mortgage Rates Increase as Fed Expected to Address Inflation
Rates spiked in the middle of last week after the Federal Reserve communicated a willingness to take aggressive measures to address inflation.
U.S. Housing Market has Doubled in Value since the Great Recession, Gaining $6.9 Trillion in 2021
The total value of private residential real estate in the U.S. grew by a record $6.9 trillion in 2021, to $43.4 trillion – more than double the level from a decade ago.
Mortgage Rates Down, Markets Wait on FOMC Meeting
Last week was light on economic data and markets awaited the Federal Reserve Federal Open Market Committee (FOMC) meeting results today.
December New Home Sales: Overcoming Obstacles
New home sales rose in each of the final two months of 2021, a hopeful sign that builders are starting to overcome supply chain disruptions.
Zillow’s Open Market Home Price Appreciation Forecasting Methodology
What drives open market house price appreciation? Where will it be in a month or in a year? How about seasonal effects? Why do otherwise similar homes in some markets appreciate at different rates than in other areas?
