Tag Archives: Jeff Tucker

Low inventory propped up price growth this spring

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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

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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

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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

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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

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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

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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

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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 →

Seller’s market? Buyer’s market? The pendulum is swinging

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Homes are still selling, but the ongoing market shift is giving homebuyers more and more leverage everyday, agents and economists told Inman this week. Continue reading →

‘Storm of rising costs’ is giving some persistent homebuyers an edge

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Despite its balancing out, the market remains far from homebuyer-friendly with buyers paying 75 percent more on the typical mortgage payments than in 2019, according to Zillow. Continue reading →

The shift has begun — but rate hikes won’t be housing’s Achilles’ heel

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Experts expect home sales and price growth to slow down, but they don’t think rising rates will knock everyone out of the market. Continue reading →