March Housing Starts: Builders Press On
With supply chain issues and high input costs persisting, builders beat expectations and the pace of starts from a month earlier.
News
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.
Mortgage Rates Increase Significantly Amid Predictions of Even Greater Hikes
Markets are anticipating more aggressive actions by the Federal Reserve, based on comments from many officials after the March Federal Open Market Committee meeting.
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.
Mortgage Rates Continue to Rise as Fed Addresses Inflation
With economic data showing sustained tight labor markets and rising prices for goods and services, markets began anticipating more aggressive actions by the Federal Reserve to address inflation.
February Housing Starts: Every Incentive to Keep Pushing
February housing starts totaled 1.77 million (SAAR), up 6.8% from January 2022 and 22.3% from February 2021.
Zillow February 2022-February 2023 Home Value & Sale Forecast
Zillow expects annual home value growth to peaking at 22% in May before gradually slowing to 17.8% by February 2023.
Mortgage Rates At Highest Level in Nearly Three Years
Economic data pointed to continuing inflation pressures and tight labor markets. With new supply chain disruptions and higher energy prices, investors are concerned that further inflationary stress may result in additional increases in interest rates.
Mortgage Rates Move Lower as Investors Shift Out of Risky Assets
Markets have been very volatile due to the Russian invasion of Ukraine and investors are shifting out of risky assets – depressed rates, despite concerns over rising prices for goods and services and fast-increasing energy costs that have pushed U.S. gas prices higher.
