How high will homebuyers go?

While some might have expected the record-breaking home price growth and historically low inventory levels seen in 2017 to push buyers away, buyer demand remained strong, and those who had the extra cash to be competitive in a seller’s market showed up in full force — something that is evidenced in Zillow’s latest home sales analysis …

Owning is cheaper than renting in over half of US counties

With home prices rising 7 percent year-over-year, renting is often seen as a more affordable alternative to buying. But as ATTOM Data Solutions latest rental affordability report shows, that isn’t necessarily true for a good chunk of the population …

What happened to the luxury market in 2017?

Although inventory at the luxury level has remained robust in the midst of a shortage at the mid- and lower- priced tiers, realtor.com says that didn’t translate into extra sales during 2017. In fact, the average luxury property stayed on the market for 116 days — a 5.3 percent year-over-year increase from …

What happened to the luxury market in 2017?

Although inventory at the luxury level has remained robust in the midst of a shortage at the mid- and lower- priced tiers, realtor.com says that didn’t translate into extra sales during 2017. In fact, the average luxury property stayed on the market for 116 days — a 5.3 percent year-over-year increase from …

A month in review: The November housing market

Every month, economists release a number of indices, reports and analyses of the housing market, and it can be difficult to keep up with them all. Thankfully, the National Association of Realtors (NAR) recapped the month in its new Housing Minute month…

Home prices climb 7% in months-long surge

CoreLogic today released its Home Price Index (HPI) and HPI Forecast data for November 2017, which boasted 7 percent year-over-year growth. November is the fourth consecutive month with year-over-year increases measuring more than 6 percent. Gains were…

Home values expected to rise 4.1% in 2018: Zillow

In 2017, home values on average went in only one direction: up — and there’s more growth yet to come …

ICYMI: Demand/Supply Dynamics Keep Prices Tracking Up

Home prices tracked up in the latest S&P CoreLogic/Case-Shiller Indices, up 6.2 percent year-over-year in September, compared to 5.9 percent in August. Conditions as they are are prompting the rise. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite rose 5.7 percent year-over-year, up from 5.2 percent in August, while its 20-City […]

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Median home price now $12,500 more than last year

Zillow today released its October Real Estate Market Report, which revealed the national median-priced home ($203,400) is $12,500 more valuable than it was in 2016, due to continuing inventory issues that have pushed up home values at breakneck speed.

What’s preventing another housing market collapse?

Over the past year, home prices have consistently made double-digit month-over-month and year-over-year gains, exceeding the national pre-recession peak of $196,600. This has put some economists and housing experts on guard since home prices were growi…