January Existing Home Sales: Defying Conventional Wisdom
Despite all conventional wisdom that might point to the opposite, extremely tight inventory conditions aren't holding back the housing market.
Dearth of Inventory, Price Hikes Pose Challenges for Shoppers (January 2022 Market Report)
Home value appreciation accelerated again in January, to a record 19.9% annual gain, while inventory plunged below 900,000 listings -- a record low.
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.
