Housing starts defy expectations, surge to highest point since May
Housing starts jumped 14.8% between October and November to a seasonally adjusted annual rate of 1.56M. That's 9.3% higher than they were in December 2022
by Ben Verde Dec 19
Lack of access to credit keeps Black neighborhoods in rental loop
Access to safe credit building is limited in Black neighborhoods, Zillow reported, highlighting lingering effects of redlining that keep those households renting instead of owning a home
Despite high cost to finance, home prices hit new heights in August
Housing prices increased 0.4% between July and August and were up 2.6% on an annual basis, representing new highs in many markets
by Ben Verde Oct 31
Housing starts plunge to 3-year low
In August, housing starts hit their lowest level since June 2020, when builders were struggling with COVID-fueled 'shutdowns, labor shortages and supply chain issues,' according to US Census data
by Ben Verde Sep 19
US home prices near 2022 high as prices rise for fifth-straight month
US home prices rose to within 0.02% of an all-time high tallied in June 2022 as cities nationwide posted a fifth month of increases, according to data released Tuesday by CoreLogic and the FHFA
by Ben Verde Aug 29
New-home sales wilt in June but remain elevated amid low inventory
New-home sales drooped 2.5% from May to a seasonally adjusted rate of 697,000 — 23.8% higher than June 2022, according to data released Wednesday by the US Census Bureau
by Ben Verde Jul 26
New home sales jumped 20% in May, a 12.2% jump from April
Sales of newly built single-family homes were at a seasonally adjusted rate of 763,000 during May 2023 — 20% higher than the levels seen in May 2022, according to data from the US Census Bureau
by Ben Verde Jun 27
Housing starts see biggest increase since 2016, data shows
Housing starts were at a seasonally adjusted rate of 1,631,000 for May — a 21.7% jump from April and 5.7% higher than the levels recorded in May 2022, according to Census Bureau data
by Ben Verde Jun 20
Second month of home price gains could signal end to year of declines
US home prices rose 0.7% in March, notching a second-straight month of upticks while suggesting declines that began in 2022 may be winding down, according to data from CoreLogic and the FHFA
by Ben Verde May 30
After isolated uptick, existing-home sales shift gears in March
Existing-home sales fell 2.4% in March to a seasonally adjusted annual rate of 4.44M — 22% lower than a year earlier, according to data released Thursday by the National Association of Realtors
by Ben Verde Apr 20
Here are the top regrets for US homesellers: Zillow survey
Eighty-four percent of recent first-time homesellers over the past 2 years believe they could have sold their homes for a higher price if they had made better decisions
by Ben Verde Mar 1
Home prices cooled sharply to end 2022 — but affordability still elusive
Home price growth fell 5.8% annually in December, down from a 7.6% gain a month earlier, the latest S&P CoreLogic Case-Shiller Index shows. The FHFA also recorded a chill in appreciation
by Ben Verde Feb 28
Black homeowners highest home-value appreciation over pandemic
Between February 2020 and January 2023, Black homeowners saw their homes' values increase by 42.5%, compared to 38.5% for U.S. home values overall
by Ben Verde Feb 27
Buyers' market now expected by end of 2023, economists predict
From a panel of 107 experts surveyed by Zillow, a majority agreed that rising mortgage rates are driving down competition among buyers, which will eventually result in a buyers' market
by Ben Verde Sep 29
What are the odds of a housing bubble? 114 experts weigh in
More than 100 housing experts surveyed by Zillow generally agreed that housing prices won't face a big downturn. But a mild recession may be in play later this year or in 2023, they believe
by Daniel Houston Jun 7