“Mortgage rates eased slightly this week as data revisions showed past employment growth was weaker than previously thought,” said Orphe Divounguy, senior macroeconomist at Zillow Home Loans.
July 2024 Housing Starts: Housing Starts Fall, Single Family Starts At Lowest Level Since April 2023
Building permits issued in July fell to 1,396,000 (SAAR). That’s 4% below the revised June rate and 7% lower than a year ago. Housing starts fell to 1,238,000 (SAAR) in July, down 6.8% from the revised June estimate and 16% lower than a year ago, according to the U.S. Census...
Singapore now claims the top spot for real estate investment prospects in terms of price increases in 2020. Hong Kong, rocked by months of violent political protests, has fallen from 14th place to the bottom of the pile in 2019.
There were 619,000 (SAAR) new single family-home sales nationwide in May down 11.3% from the revised April rate of 698,000 and 16.5% below the May 2023 estimate, according to the U.S. Census Bureau.
Building permits issued in June increased to 1,446,000 (SAAR). That’s 3.4% above the revised May rate but 3.1% lower than a year ago.
Home shoppers are getting some slight relief as mortgage rates are now comfortably below the 7% mark.They could stay below that threshold if next week’s inflation data continues to move in the right direction. The latest data shows inflation is continuing to fall. As inflation and inflation expectations move lower,...
Existing homes sales fell by 5.4% in June to a seasonally adjusted annual rate (SAAR) of 3.89M and are now down 5.4% from June 2023, according to the National Association of Realtors (NAR). Total housing inventory at the end of June increased to 1.32 million units from 1.28 million units...
A cooler rental market is prompting more property managers to offer concessions in a bid to attract new tenants. Though rent growth is only slightly softer than last year, far more property managers are offering short-term perks.
Mortgage rates declined again this week as inflation continues to moderate. The latest Bureau of Labor Statistics CPI report contained no major surprises and a September rate cut from the Fed should be a done deal. Annual price increases measured by the consumer price index have fallen to 2.9% from...
A new Zillow survey covering 26 metro areas found that residents largely support allowing middle housing in residential neighborhoods. Middle housing options are those that fall into categories between single-family lots and large multifamily buildings, such as duplexes or small apartment buildings. A clear majority of homeowners surveyed (78%) voiced...
Camden, New Jersey is the fastest growing city in the U.S
Zillow’s best markets for first-time buyers offer affordable options and peers living nearby