Rents across the U.S. are rising steadily, according to the October Zillow Real Estate Market Report, which found that the rate of year-over-year appreciation has increased in each of the past four months. The typical rent in the U.S. is now $1,600 per month, an annual increase of 2.3% in October – just off yearly […]
Zillow says a ‘Silver Tsunami’ will flood the housing market in 20 years
November 27, 2019 by
Zillow is forecasting an end to housing inventory problems, but we may have to wait a while for it to happen. The company says it expects to see “flood of homes” coming onto the market over the next twenty years. Those homes will primarily be existing homes currently occupied by baby boomers, which will be […]
Renters are making big sacrifices to afford their home, study finds
November 15, 2019 by
As rents continue to steadily rise across the U.S., about a quarter of renters say affording their rent payments is difficult or very difficult. To make ends meet, two-thirds of those renters make at least one financial sacrifice to afford their home, and half wouldn’t be able to afford an unexpected $1,000 expense, according to […]
Here are the rules for selling a haunted home
October 30, 2019 by
Halloween is just around the corner and with everyone feeling a bit spooky, Zillow has come up with useful information for real estate agents who’re facing the prospect of trying to sell a haunted home. The good news is, from the seller’s perspective, in most cases they won’t have to say boo about it. Zillow’s […]
Report: Younger generations make bigger sacrifices to become homeowners
October 25, 2019 by
Home value growth is slowing compared to recent years, but that hasn’t made affording one any easier, especially for younger generations. A majority of home buyers (55%) make some sort of financial sacrifice, like cutting their entertainment budget or reducing their savings, in order to buy a home, according to the 2019 Zillow Group Consumer […]
Survey highlights home seller’s biggest concerns
October 11, 2019 by
When it comes to selling a home, factors that traditionally have been harder for sellers to control — like uncertainty about timing and price — cause the most stress. That’s according to the 2019 Zillow Group Consumer Housing Trend Report, the largest-ever survey of U.S. home buyers, sellers, owners and renters. The process of selling a […]
Hispanic homeownership rate is fastest growing in the U.S.
October 9, 2019 by
Latinos are buying homes are a higher rate than the overall U.S. population, beginning to close a gap between the Hispanic and white homeownership rate that has tripled since the start of last century. Affordability and racial inequity combined to compound a disparity throughout the past 12 decades. The typical Latin household in the U.S. […]
Millennials move home more often than older generations
October 8, 2019 by
Millennials are moving more often and living in their homes for a shorter period than previous generations. The share of young adults who have lived in their current home for less than two years is nearly 12 percentage points higher than in 1960, according to a new Zillow analysis. Younger adults have always lived in […]
Medical and student debt handicapping Americans’ housing hopes
October 2, 2019 by
Aspiring home buyers with medical debt are more likely than others to be denied a mortgage, while those with student loan debt more often put off buying. That’s according to the 4th annual Zillow Group Report on Consumer Housing Trends, released today. Personal debt – particularly credit card, student loan and medical – tremendously impacts […]
Zillow research finds Americans are moving out on their own later
September 27, 2019 by
Finishing school, joining the workforce and moving out on your own is a rite of passage for many young people. Today’s young adults are taking longer to make this transition, and doing it less often overall than previous generations, according to a new Zillow analysis. In 1980, 1990 and 2000, the tipping point age at […]
