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By: Zillow Blog
12Jul2010I thought it was time we revisited the earlier analysis we did on how home value trends vary by the typical home value of a city. Previously, we found that most metros displayed a pattern in which cities with higher-priced real estate had experienc...
By: Zillow Blog
7Jul2010What a dismal couple of weeks of economic news. First, we get the May existing home sales report released on June 22nd. The report contained a surprise to the downside, with sales falling 2.2% from the prior month. The surprise here was that these we...
By: Zillow Blog
1Jul2010Yesterday, in the final hours of the original deadline to close on a home eligible for the homebuyer tax credits, the Senate voted to extend the closing date by three months to Sept. 30, 2010. The extension only applies to buyers who signed a contrac...
By: Zillow Blog
22Jun2010With homes purchased under the homebuyer tax credits still closing throughout May, economists across the country predicted increased home sales during the month. So today’s news from the National Association of Realtors that existing-home sales...
By: Zillow Blog
15Jun2010After several years of housing depreciation the one thing that seems to be on everyone’s mind is, “When will this housing recession end?,” and “When will my house start gaining value again?.” This eagerness by homeowners to...
By: Zillow Blog
8Jun2010Homes values fell 0.38% nationally from March to April and were down 4.1% from their levels in April 2009 (see Figure 1 for monthly and annualized appreciation). The rate of monthly depreciation has remained fairly steady since January, albeit at rat...
By: Zillow Blog
25May2010Housing news over the past couple of days has been an almost equal mix of good and bad. On the one hand, the National Association of Realtors reported that existing-home sales rose in April — 22.8% more homes sold than in April 2009, and 7% mor...
