Zillow Market Pulse: July 9, 2020
Jobless claims exceeded 2 million last week -- again. Consumer spending may never be what it was. And municipal finances are in trouble.
News
In Tight Housing Market, Fewer Sellers are Cutting Prices
Home sellers this spring/early summer are holding firm on their original list prices at the highest rate in years.
Zillow Market Pulse: July 8, 2020
On-time rental payment rates declined in early July, and households are increasingly worried about their near-term finances.
Mortgage Rates Remain at All-Time Lows, Pricing In Coronavirus Impacts
Mortgage rates ticked down just slightly this week and remain at all-time lows, continuing the trend of the past two weeks.
Zillow Market Pulse: July 7, 2020
Job openings were up in May, but are nowhere close to "normal." And signs are emerging that the nascent economic recovery is slowing or even reversing.
Zillow Market Pulse: July 6, 2020
The service sector is growing again -- mostly by "adding" jobs that already existed pre-covid. And if you reopen, there's no guarantee consumers will come.
Zillow Market Pulse: July 2, 2020
Headline June jobs numbers were terrific, but the overall situation and underlying dynamics are still awful. And rising coronavirus cases won’t help.
Zillow Market Pulse: July 1, 2020
Construction spending took a step back from April, but it could've been worse. And Congress extended a deadline for small businesses to apply for aid.
Zillow Market Pulse: June 30, 2020
Consumer confidence is coming back, but... not really. And recent gains in spending and "normal" activity may be leveling off and even reversing.
Zillow Market Pulse: June 29, 2020
Pending home sales are only ~5% below last year's levels. Consumers continue to save instead of spend. And wage cuts are getting more common.
