Zillow Home Value Index Methodology, 2023 Revision: What’s Changed?
Zillow’s Home Value Index: Built on the Database of All Homes with the real time adaptive power of neural net technology
Market Trends
Homes You Can Afford for $3,000 Lose A Bedroom As Mortgage Rates Increase
Home size per dollar still largest in Memphis and the Midwest, despite declines driven by mortgage rates.
Mortgage rates rose sharply over the past week on labor market strength and a more hawkish Fed
After falling slightly last week, mortgage rates rose sharply this week, erasing some of the progress made on the housing affordability front in the past few months.
New Home Sales: New Sales Slipping Further from Peak
The housing market cooled off during the fall and early winter of 2022, and new home sales followed suit with new sales lagging far behind 2021 and setting back closer to pre-pandemic levels.
December 2022 Existing Home Sales: Sales Fell For the 11th Consecutive Month
Existing home sales fell less than expected in December. More sellers are accepting lower offers.
Why Charlotte Will Be 2023’s Hottest Market
Zillow’s annual predictions for the hottest housing markets of the year. Factors include expected home value growth, projected change in owner-occupied households and job growth compared to new construction.
Mortgage Rates Fall As Manufacturing Sector Contracts
Mortgage rates fell this week with inflation continuing to surprise on the downside.
Updates to conforming loan limits mean 2 million U.S. homes no longer require a jumbo loan
This could open up more home options for buyers shopping at higher price points and hoping to avoid the additional fees of a jumbo loan
Bah, Humbug! Holiday Streets Have Lower Zestimates
Nationwide, the median house on a street with “holiday” in the name is worth $268,042 or 18% less than the median home on a normal street, whose median value is $327,257.
November 2022 Existing Home Sales: Sales Plummet in Stale Market
Existing home sales took a hit in November from both sides as buyers and sellers sat at a stalemate in the housing market.
