The housing market is slowing as 2018 comes to an end, but home shoppers looking for a more affordable buying environment in 2019 might be disappointed. Next year, Zillow expects mortgage rates to continue to rise, putting a pinch on affordability, particularly in already expensive markets. Some buyers may be pushed back toward the rental […]
Student debt severely limits buyer’s options, report finds
November 18, 2018 by
Carrying student debt, whether for themselves or someone else, limits potential home buyers’ budgets by $92,440, leaving fewer homes on the market they can afford. The average monthly student debt payment for renters who plan to buy a home in the next year is $388, according to the latest Housing Aspirations Report from Zillow. The […]
Many housing markets haven’t bounced back from the last major crash
November 9, 2018 by
In the decade since the housing bust, median home values have more than recovered in most of the nation’s largest markets. But within nearly all those major markets there remains inequity — neighborhoods that were hit hardest by the crisis continue to bear an outsized burden even through the recovery. A new Zillow report shows […]
Zillow Offers expands to Houston
November 7, 2018 by
Zillow is to begin buying and selling homes in Houston in an expansion of its Zillow Offers program, marking the fifth market where the service is available. Zillow’s program launched in Phoenix this April, and had already expanded to include Las Vegas, Atlanta and Denver. The company will add Charlotte and Raleigh in North Carolina […]
Zillow seals acquisition of Mortgage Lenders of America
November 6, 2018 by
Real estate listings giant Zillow looks like it’s getting into the mortgage industry following the completion of its acquisition of Mortgage Lenders of America. Zillow has already made some significant steps to evolve its business, which was originally based on simple listings of homes. Back in May 2017 the company said it was getting into […]
Parents with newborn babies increasingly moving to cheaper markets
November 5, 2018 by
Americans who moved in the past year tended to move into less-expensive housing markets, a trend that is magnified when looking at women with a newborn baby – and can mean a difference of more than $100,000 in some markets. Across the country, women with a newborn who moved in the past year – whether […]
Zillow lists its top 10 markets for buyers this winter
October 31, 2018 by
After years of competitive bidding wars and rising prices, a new study from Zillow shows it might finally be a good time to buy a home in many U.S. markets. Zillow researchers looked at three factors to determine which of the largest U.S. housing markets are becoming more buyer-friendly and found that some previously prohibitively […]
Saving for a down payment now takes an average of 7 years
October 25, 2018 by
For someone making the median income and putting
Rents have fallen on an annual basis for the first time in 6 years
October 22, 2018 by
Rents declined nationwide on an annual basis for the first time in more than six years.
The median U.S. rent is $1,440, according
Suburbs are less affordable than urban areas in the largest U.S. metros, study finds
October 12, 2018 by
Housing affordability across the country is especially tough in the nation’s urban areas, but in the country’s largest metros it’s often the suburbs that are the least affordable.
