Mortgage Rates Fall as Vaccine Euphoria is Replaced by Sobering Realities
Mortgage rates fell significantly as initial vaccine optimism was replaced by the sobering current reality of rising case loads and distribution challenges.
Market Trends
October Housing Starts: More in the Tank
Home builders have their foot on the gas, but given sky-high levels of builder optimism it feels like they're still leaving a good bit in the tank.
Intense Competition Pushes Share of Homes Selling Above List to Record High
A greater share of homes sold above their list price in September (22.4%) than in any month since at least January 2018.
Zillow Weekly Market Report, Data Through Oct. 31
Homes continue to sell in record time, closed sales of existing homes are at their highest level since 2006 and prices continue to rise quickly.
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.
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.
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 Weekly Market Report, Data Through Oct. 17
Inventory keeps hitting new lows, and prices keep getting higher. Pending sales are slowing after a hot few months.
September Existing Home Sales: Torrid Growth
Building on an already strong pace set in July and August, September existing home sales rose at their fastest annual rate since 2010.
