Market Report Updates: Get market clarity with the new Zonda Market Report and Market Snapshot
Uncertainty remains the name of the game for 2019 with trade and policy concerns, slowing global growth, a partially inverted yield curve, and a housing market bent (but not broken).
Our fieldwork shows choppy home sales depending on product, price, and location. Communities that adjusted prices from mid-2018 highs generally have seen a corresponding bump in traffic. Mortgage rates are down to a 13-month low at 4.28% (!), which is positive for homebuyer purchasing power, but it is not all good news. More on that below.
After nearly touching 5.00% in November, rates on 30-year fixed rate mortgages are down to 4.28%.
The Purchase Mortgage Applications Index reported by the Mortgage Bankers Association provides a weekly look at the housing market.
Wages grew 3.4% year-over-year the same month the Case-Shiller Home Price Index registered a 4.2% annual clip.
Zonda updates housing data instantly in real time, so you don’t have to wait monthly or weekly for the latest insights. Plus, you’ll have access to over 50 Market Reports full of rich infographics and news highlights spanning coast-to-coast. Curious?