Weekly Housing Market Update 81922

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The Realtor.com® economics team weekly video update gives you the relevant economic and real estate information you need to know to navigate the housing market as a homebuyer, home seller, or industry professional. • This week, Chief Economist Danielle Hale discusses what the latest retail sales and jobless claims data say about the health of the U.S. consumer and labor market. • Danielle also covers the minutes from the July Fed meeting, noting that recent data has been more impactful than these minutes. • This week’s mortgage rate data showed another decline as George Ratiu, Manager of Economic Research, noted. Danielle has advice for home shoppers navigating the ups and downs in rates. • Meanwhile, construction and housing indicators signaled declining activity as both builders of new homes and buyers of existing homes pulled back on activity in July. Still, a near-record number of homes is under construction, and this pipeline will play a role in the for-sale and for-rent market in the months ahead. • Realtor.com weekly housing data showed similar trends as more for-sale homes cooled price growth. • Finally, Danielle notes the release of the Realtor.com 2022 Hottest ZIP Codes report, in which Economic Analyst Hannah Jones identifies the spots where homes are selling fastest and getting the most views from shoppers. • 0:13 - Retail sales trends • 0:28 - Unemployment trends • 0:35 - Inflation trends • 0:43 - Mortgage rates • 1:06 - Home building trends • 1:44 - Home sales trends • 1:58 - Real estate listings trends • 2:19 - Hottest Zip Codes of 2022 • More Weekly Housing Market Updates: • Housing Market Updates • Find details including a video deep dive on the 2022 Hottest ZIPs and Realtor.com® housing data for download at realtor.com/research. And follow us on Twitter: @rdc_economics, for real-time updates. • Have an economic question you want the team to answer? Leave a note in the comments below! • ********* • Find your home on https://www.realtor.com • • ********* • Download our mobile app: https://www.realtor.com/mobile • • ********* • Follow us on: • Facebook: / realtor.com • Twitter: / realtordotcom • Instagram: / realtordotcom • Pinterest: / realtordotcom • • ~-~~-~~~-~~-~ • Learn More about the home buying process: Home Buying 101: How Do I Get Started? • • How to Buy a Home: How Do I Get Start... • ~-~~-~~~-~~-~ • • #realtor #realestate

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