Rates Vault to New Seven-Year High Following Strong Jobs Release
Mortgage rates were decisively higher this week, reaching their highest levels in more than seven years, following Friday’s release of stellar jobs data.
Market Trends
Uneven Recovery: Many High-Foreclosure ZIP Codes Haven’t Bounced Back
In most major markets, ZIP codes that experienced the fewest foreclosures during the housing bust have recovered significantly more than those with the most foreclosures – a phenomenon that further exacerbates wealth inequality.
Americans Move to Cheaper Areas When Having Children
For many people, the decisions to move and to grow their families are intertwined – and having a newborn tends to mean choosing an area where home values are lower.
Birth Rates and Home Values: A Closer Look
Don’t people in pricey places always have fewer children? Doesn’t prior research show a positive relationship between home value gains and greater fertility? And more questions answered!
Blue County Home Values Crashed Harder, Recovered Stronger
Following the 2016 presidential election, homes in counties that voted for Hillary Clinton and President Donald Trump fared very similarly until earlier this year.
August Case-Shiller Results and September Forecast: A Slowdown in Home Prices
It’s more welcome news for would-be home buyers, who must be breathing a collective sigh of relief that home price growth finally has slowed.
First-time Buyers Drive Gains (Q3 2018 Homeownership Rate)
Led by another surge in owner household formation, homeownership rates are up again, but those gains are not driven by those who experienced the housing crash and lived to tell about it.
The Real Nightmare on Elm Street: Scary Good Deals
This Halloween, home buyers can find a bargain in many cities by shopping on their local Elm Street… if they dare. Nationwide, the median house on Elm Street is worth about $133,000 or roughly 40 percent less than the median U.S. home.
Rates Surprisingly Steady Despite Turmoil in Equity Markets
Continued uncertainty on Wall Street may prompt a significant retreat, but for now rates are holding firm very near to their highest levels in seven years.
