Tag Archives: Jeff Tucker

Home value hits all-time high in June as owners cling to low rates

By | | Uncategorized
Comments Off on Home value hits all-time high in June as owners cling to low rates

The typical home value breached $350,000 for the first time in June, a new peak in typical values according to a report by Zillow. Redfin shows nearly 92 percent of homeowners have a mortgage rate below 6 percent. Continue reading →

‘Voluntary moves are gone’: Why today’s buyer looks so different

By | | Uncategorized
Comments Off on ‘Voluntary moves are gone’: Why today’s buyer looks so different

More buyers today are moving because they have to. Here’s what they look like — and how agents are courting their business in a down market. Continue reading →

Low inventory propped up price growth this spring

By | | Uncategorized
Comments Off on Low inventory propped up price growth this spring

U.S. home values grew 1.4 percent between April and May of 2023 — slower than the past two springs but faster than both the 2018 and 2019 spring markets. Continue reading →

US debt default may mean tanking sales, huge mortgage costs

By | | Uncategorized
Comments Off on US debt default may mean tanking sales, huge mortgage costs

A debt default by the U.S. government is unlikely, but if it were to transpire, the cost of a mortgage could increase by 22 percent, pushing rates to a peak above 8 percent in September, according to Zillow. Continue reading →

West Coast hit hardest as US home prices cool for 7th-straight month

By | | Uncategorized
Comments Off on West Coast hit hardest as US home prices cool for 7th-straight month

Nineteen cities out of 20 tracked by the S&P CoreLogic Case-Schiller Index posted monthly declines in January, with the biggest decreases seen in San Francisco, Seattle and San Diego. Continue reading →

Steady home-price growth to resume in 2024, experts predict

By | | Uncategorized
Comments Off on Steady home-price growth to resume in 2024, experts predict

Price growth will pick back up in 2024 and hit a rate of 3.5 percent annual growth every year through 2027, according to a panel of housing experts surveyed by Zillow and Pulsenomics. Continue reading →

Mortgage rate swing created ‘more normal’ market in December

By | | Uncategorized
Comments Off on Mortgage rate swing created ‘more normal’ market in December

Slowing mortgage rate growth impacted homebuyers and sellers in different ways in December, according to Zillow’s latest market report. The dip was enough for buyers to navigate the winter market, but wasn’t enough for would-be sellers to list. Continue reading →

Remote work will eventually make homebuying more affordable: Study

By | | Uncategorized
Comments Off on Remote work will eventually make homebuying more affordable: Study

While remote work helped drive up housing prices during the pandemic, a new study from the Economic Innovation Group argues remote work may help housing affordability in the future. Continue reading →

What does ‘housing recession’ even mean? Economists don’t really know

By | | Uncategorized
Comments Off on What does ‘housing recession’ even mean? Economists don’t really know

The phrase “housing recession” has exploded in popularity, according to an analysis of search terms. But pinning down what it means and where it originated is surprisingly difficult, experts told Inman. Continue reading →