May Case-Shiller Results and June Forecast: Housing Doesn’t Blink in Face of Pandemic
The S&P CoreLogic Case-Shiller U.S. National Home Price Index® rose 4.5% year-over-year in May (non-seasonally adjusted), down from 4.7% in April.
Market Trends
Zillow Weekly Market Report: Data Through July 18, 2020
More homes went under contract last week than the week prior, and the housing market kept up its blistering pace.
June New Home Sales: Remarkably Resilient
June new home sales were up 13.8% from May and 6.9% from June 2019, to 776,000 (SAAR), according to the U.S. Census Bureau.
Mortgage Rates Fall Further as Investors Watch Coronavirus Cases Rise
Mortgage rates fell further this week, reaching new lows as markets wait for signs as coronavirus cases rise.
June Existing Home Sales: Making Up For Lost Time
June existing home sales rose 20.7% from May to 4.72 million (SAAR), according to the National Association of Realtors, the largest ever one-month increase in the series' history.
Home Shoppers are Trending Toward Buying Sight-Unseen, Selling Virtually
Home shoppers are more likely to try to buying and selling a home completely online as they adopt digital tools to adapt to the coronavirus outbreak
June Housing Starts: A True Bright Spot
June housing starts rose 17.3% from May, to 1,186,000 (SAAR), and were down 4 percent from a year ago, according to the U.S. Census Bureau.
Zillow Weekly Market Report (Through July 11) & June 2020 Data Summary
The for-sale market continues to show resilience in the face of the pandemic, but the rental market showed signs of a slowdown last month.
Mortgage Rates Remain Flat in Wake of Latest Coronavirus Surge
Mortgage rates held steady at record-low levels this week, continuing a trend of remarkable consistency
No Bargains in Sight as Home Prices Show Little Impact from Coronavirus
Despite the shockwaves generated by the coronavirus pandemic, U.S. home prices haven’t been hit to the same degree as other sectors of the economy.
