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.
Market Trends
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.
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.
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.
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.
