The number of home listed for sale in the U.S. has fallen to its lowest point in at least seven years, and the shortage appears poised to get worse before it gets better. Inventory fell 7.5% annually to its lowest level in Zillow data that dates back to 2013, according to the December Zillow Real […]
U.S. housing market now worth $33.6 trillion, Zillow says
January 21, 2020 by Leave a Comment
The total value of every home in the U.S. is $33.6 trillion, nearly as much as the GDP of the two largest global economies combined – the U.S. ($20.5 trillion) and China ($13.6 trillion) – according to a new Zillow analysis. Since 2010, when the market was battling to regain its footing in the wake […]
Zillow says U.S. now boasts 218 ‘million-dollar’ cities
January 16, 2020 by Leave a Comment
There are currently 218 million-dollar cities in the U.S. – cities with a typical home value of $1 million or more – three more than at the end of 2018 and 74 more than there were five years ago. The net addition of three $1 million cities is easily the lowest in recent years, according […]
Zillow: Look South for the hottest housing markets in 2020
January 7, 2020 by
Led by Austin, housing markets in the southern half of the U.S. will perform the best in 2020, according to a panel of economists and real estate experts recently surveyed by Zillow. The latest Zillow Home Price Expectations Survey asked more than 100 economists, investment strategists and real estate experts for their predictions about the […]
Zillow: Relaxed zoning laws could lead to millions of new homes
December 20, 2019 by
Allowing for even modest amounts of new density in the nation’s overwhelmingly single-family neighborhoods could lead to millions of new homes nationwide, according to a new Zillow analysis, helping alleviate a housing affordability crisis that has been decades in the making. If the Los Angeles area, for example, continues to add housing largely as it […]
Zillow says more Gen Zers than millennials will become homeowners
December 19, 2019 by
The oldest Millennials, who will turn 40 in 2020, have lived through a turbulent decade of housing marked first by the initial recovery from the Great Recession, then the extraordinary home value growth of recent years. Due in large part to a variety of affordability challenges delaying all sorts of major life milestones, the homeownership […]
Americans spent $4.5 trillion on rental costs this decade
December 16, 2019 by
Renters in the U.S. spent a cumulative $4.5 trillion on rent during the 2010s, according to a new Zillow analysis. That’s more than the GDP of Germany or the combined market values of Apple, Microsoft, Amazon and Alphabet. In 2019 alone, renters spent more than $512 billion on housing – the most of any year […]
U.S. rents rise for the 4th successive month
November 29, 2019 by
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 […]
