Zillow forecasts strong housing demand for years to come

Real estate giant Zillow said in a report last week that it believes housing demand will remain strong for years to come as buyers try to make up for lost time caused by the impact of the Great Recession last decade. In its most recent analysis, Zillow said that low rates of household formation since

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Home values rise at fastest clip since 2005

Home value growth has risen to levels not seen since 2005 due to a combination of strong demand and tight inventories, Zillow said in its latest Real Estate Market Report. Rent appreciation, meanwhile, is steaming ahead in many Midwest and Sun Belt cities while declining in major coastal metros. The high-demand market also meant more

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Renters are moving towards the suburbs, Zillow says

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

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Zillow says homes are selling at their fastest pace for 2 years

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

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Home office space tops buyer’s wish lists

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

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Coronavirus blamed for biggest rent slowdown in 5 years

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

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Zillow says home prices to rebound in 2021

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

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Coronavirus layoffs threaten minority groups with housing insecurity

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

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Zillow announces new tools for renters

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

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Online activity shows home buyers are coming back

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

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