Zillow Weekly Market Report, Data Through Oct. 24
Inventory keeps hitting new lows, and prices keep getting higher. Pending sales are slowing after a hot few months.
Record Low Mortgage Rates Boost Affordability, But Mask Down Payment Difficulties
Ultra-low mortgage interest rates are keeping monthly payments remarkably affordable, but don't ease the burden of saving for a down payment as prices rise.
Housing Affordability Methodology, 2020: A Bayesian Approach to Predicting Incomes
A new statistical method from Zillow predicts renter & homeowner income from ACS & BLS sources to more accurately calculate housing affordability.
Mortgage Rates Fall As Covid-19 Cases Rise
Mortgage rates fell this week as coronavirus cases rose and hope for more fiscal relief dwindled sapping rising optimism among investors.
Zillow Market Pulse: October 28, 2020
Applications for home purchase loans improved slightly, halting a streak of four straight weekly declines. Factory orders increased strongly, but rising cases threatens this momentum.
August Case-Shiller Results and September Forecast: No Signs of Cooling
The remarkable surge in home prices as measured by Case-Shiller continued into August as prices showed no signs of cooling down heading into the fall.
Financial Anxiety, Ongoing Uncertainty Keeping Sellers on the Sideline
Among homeowners considering selling in the next 3 years, life uncertainty and financial anxiety are some of the main reasons holding them back.
Zillow Market Pulse: October 26, 2020
New home sales took a step back in September, but are still at a high level. And rising COVID cases pushed the S&P to its worst one-day loss in a month.
September New Home Sales: How Long Can the Good Times Roll?
September new home sales fell 3.5% from August but were up 32.1% from a year ago, to 959,000 (SAAR), according to the U.S. Census Bureau.
Zillow Market Pulse: October 23, 2020
Existing home sales stayed hot in September, Treasury yields are up but mortgage rates arent exactly following, and business confidence is rising.
