While the for-sale market has shaken off the early impact of the coronavirus pandemic and resumed its torrid pre-pandemic pace, rent growth hit the brakes this spring. Rent prices in urban areas have slowed more than those in suburban areas, new Zillow data shows, a possible signal that renters’ preferred location is tilting toward the […]
Zillow says homes are selling at their fastest pace for 2 years
July 6, 2020 by
Homes are selling faster now than any time since spring 2018, a new Zillow analysis shows. It means that potential buyers should be prepared to strike quickly, and sellers who have been on the fence through the onset of the coronavirus pandemic might now want to list. Though many sellers have taken a wait-and-see approach […]
Home office space tops buyer’s wish lists
June 4, 2020 by
The sudden and unexpected shift to remote work for many Americans has put a premium on walls, doors and extra space as millions search for a quiet and comfortable place to work. A new survey from Zillow found a majority are making do without a dedicated home office for now, and many say they’ll consider […]
Coronavirus blamed for biggest rent slowdown in 5 years
May 29, 2020 by
Rent prices slowed more than they had in at least five years when the coronavirus pandemic hit, according to the April Zillow Real Estate Market Report. But the for-sale market continues to heat up after a slower early April. Rent prices had been chugging along at a remarkably stable pace since 2018, with the growth […]
Zillow says home prices to rebound in 2021
May 12, 2020 by
Buyer demand and healthy housing-market dynamics will prevent U.S. home prices from dropping more than 2-3% – or more than 1.7% year over year – in the wake of the coronavirus, according to a forecast released by Zillow last week. The forecast says home sales will fall as much as 60% this spring and take […]
Coronavirus layoffs threaten minority groups with housing insecurity
May 3, 2020 by
Massive job losses due to the COVID-19 pandemic have touched nearly every industry in some fashion, but perhaps none more so than food, arts and retail workers. And a new Zillow analysis shows that Latinx, Asian and black households will feel the impact of layoffs in these industries most significantly. More than 22 million Americans […]
Zillow announces new tools for renters
April 30, 2020 by
Renters can now search, find, apply for and lease a home digitally, all from the safety and comfort of their home and all through Zillow Rentals. Zillow’s new lease upload and online signing tools are now available nationwide on the Zillow Rental Manager. It allows landlords to quickly upload an existing lease form and send […]
Online activity shows home buyers are coming back
April 27, 2020 by
After a mid-March dip around the time the World Health Organization declared COVID-19 a global pandemic, a new Zillow analysis shows renewed interest in the housing market as Americans adapt to this temporary normal, including in some U.S. markets that were most affected in the early days of the outbreak. Page views on for-sale listings […]
Zillow: New listings fall sharply due to coronavirus
April 18, 2020 by
Early spring is peak home-shopping season in most years, a time when sellers list homes on the market in droves hoping to take advantage of the increased competition from buyers shaking off the winter doldrums. But a new Zillow analysis shows that new listings dropped significantly this March and early April as the coronavirus pandemic […]
Zillow: Coronavirus is slowing the housing market
April 9, 2020 by
It has been a wild ride for mortgage rates over the past month, which touched record lows then rebounded just as fast. Low rates are typically associated with healthy housing demand and a strong market – especially now that we’ve entered home shopping season – but early signs indicate the market is slowing. As the […]
