The housing market is showing signs of seasonal cooling after a scorching hot summer sales season that stretched uncharacteristically far into fall, according to Zillow's Weekly Market Report1. A nearly six-month acceleration of year-over-year list price increases stabilized this week at 11.7% above 2019. Buyers are quickly buying up what few homes are left on the market, with … [More]

The NFIB Research Center released its latest survey on the impact COVID-19 has had on small businesses, the 13th survey since early March. If eligible, about 75% of small businesses reported they would apply or consider applying for a second Paycheck Protection Program (PPP) loan. About half (52%) of owners anticipate needing additional financial support over the next 12 … [More]

In the week ending October 24, the advance figure for seasonally adjusted initial claims was 751,000, a decrease of 40,000 from the previous week's revised level. The previous week's level was revised up by 4,000 from 787,000 to 791,000. The 4-week moving average was 787,750, a decrease of 24,500 from the previous week's revised average. The previous week's average was revised … [More]

Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the … [More]

The U.S. Small Business Administration announced Fiscal Year 2020 summary loan data of the financial assistance provided through traditional loan program lending as well as aid provided via the CARES Act. Loans guaranteed through traditional SBA lending programs exceeded $28 billion; however, enactment of the CARES Act dramatically increased loan volume guaranteed by the … [More]

The housing market's recent record of superlatives marches on according to Zillow's Weekly Market Report1, as prices soared to new heights and inventory reached record lows — down nearly 50% annually in some major metros. The lack of available homes and an overdue seasonal slowdown may finally be pulling pending sales down after a scorching hot few months. Time on market … [More]

In the week ending October 17, the advance figure for seasonally adjusted initial claims was 787,000, a decrease of 55,000 from the previous week's revised level. The previous week's level was revised down by 56,000 from 898,000 to 842,000. The 4-week moving average was 811,250, a decrease of 21,500 from the previous week's revised average. The previous week's average was … [More]

The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, announced that it will consider a vote to advance the Continuing the Paycheck Protection Program Act, offered by U.S. Senators Marco Rubio and Susan Collins, an NFIB Key Vote for the 116th Congress in a letter sent to Members of the United States Senate. “Across … [More]

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across more than 20 metropolitan areas. Data collected for August 2020 shows a national rent increase of 2.1% year over year, down from a 2.9% year-over-year … [More]

Only the weather is cooling down this fall, as the speed of home sales continues to accelerate, especially for shoppers seeking entry-level homes. New Zillow® research shows many homes sold just days after hitting the market in September, regardless of price, with the typical1 U.S. home going under contract in just over two weeks. This is one day quicker than August, about … [More]