Annual home price appreciation has accelerated to record highs in each of the past 12 months, since surpassing the mid-2000s housing bubble high water mark that run of records is likely to end soon, as the housing market passes through an inflection point. That doesn’t mean a housing crash is coming or even that prices will fall, but a rebalancing would be welcome news for buyers, especially those buying their first home.
Market Trends
Mortgage Rates Rise in Reaction to Fed Comments
Mortgage rates moved up last week, reaching their highest levels in more than ten years.
March New Home Sales: Losing Some Steam
Despite rising interest rates and roadblocks for new construction, builders are continuing to sell homes at a rate higher than those seen in the decade prior to the pandemic.
March Existing Home Sales: Dual Headwinds
With one of the lowest months of inventory on record and worsening affordability, this spring shopping season has been unfavorable for many prospective buyers.
Mortgage Rates Exceed 5% For First Time Since 2018
Mortgage rates increased last week, with the average 30-year fixed rate exceeding 5% for the first time since late 2018.
Mortgage Rates Down Slightly While Market Volatility Increasing
Mortgage rates were down slightly last week. Market volatility has been increasing with the ongoing war in Ukraine and reactions to central bank actions and comments.
Selling your home this year? Why late April is the best time to list
Nationwide, the best time to list a home for sale is a Thursday during the second half of April
January 2022 Case-Shiller Results & Forecast: Competitive Conditions
Home price appreciation accelerated again to start the year as demand holds strong and the number of listings on the market continues to drop to new record lows.
Experts Predict at Least Two More Years Before Housing Inventory Climbs to Pre-Pandemic Levels
The housing market is expected to return to pre-pandemic, 2019 norms — at least in terms of inventory and the share of purchases made by first-time home buyers — by 2024, according to a panel of housing market experts polled in the latest Zillow® Home Price Expectations Survey.
