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.
Market Trends
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.
Mortgage Rates Rise After Weeks of Little Change
Mortgage rates ticked up after weeks of little movement and after bond yields rise to their highest levels in months.
Homes Are Selling Incredibly Fast, Regardless of Price — Defying Seasonal Norms
Homes nationwide and across all price ranges sold, in many cases, just days after hitting the market in September -- defying seasonal norms.
Mortgage Rates Stay Flat Even With Movement in Bond Market
Despite fluctuating Treasury yields, mortgage rates stay flat. Demand for mortgages is still very strong and many lenders appear to be keeping rates higher, in order to moderate the inflow of borrower requests and account for perceived risk.
Interest in Vacation Areas Picking Up As Pandemic Persists
Growth in page views to local listings, homes saved on Zillow and pending sales volume in vacation-home areas are all outpacing national rates.
Latinx Americans are Driving U.S. Homeownership Gains, But Wide Gaps Remain
Latinx homeownership has made huge strides over the past decade. But this community remains underrepresented among homeowners, and faces unique challenges.
Zillow Weekly Market Report, Data Through Oct. 3
The frenetic pace of newly pending sales seems to finally be subsiding as the weather turns, but a dire lack of inventory is keeping sellers in control.
Mortgage Rates Hold Firm Despite Changes in Bond Market
Mortgage rates have held firm this week, despite notable changes in the bond market that typically would drive rate changes.
What are the Top Affordable U.S. Suburbs With a City Feel?
In partnership with Yelp, we determined the 10 places that best balance the space & affordability of the suburbs while still maintaining that big-city feel.
