Here’s why you really need to shop around for a mortgage



The typical home buyer spends more than four months shopping for the perfect place. They tour an average of more than four homes, attend two open houses and make two offers. That’s not to mention the hours spent browsing online listings. But most buyers still don’t shop around for the best mortgage rate. And buyers […]

U.S. economic recovery leaves rural towns behind



In the decade following the Great Recession, job growth has been disproportionately concentrated in the largest U.S. job centers, and home values in these markets have risen accordingly, a new Zillow analysis has found. The 25 largest job markets have accounted for more than half of employment growth and nearly two-thirds of home value growth […]

Zillow: Teacher’s starting salaries aren’t enough to pay the rent



Zillow has some rather disturbing news for budding academics that could well persuade them to forge an entirely different career path. It says that “entry-level” teachers will need to spend more than half of their salaries on the typical rent in 19 of the 50 largest U.S. metro areas this school year, according to its […]

U.S. home values show strong, but slowing growth



U.S. home value growth continues to slow, according to Zillow’s latest Real Estate Market Report. The rate of annual home value appreciation decreased for the seventh straight month in July. The typical U.S. home is worth $229,000, up 5.2% from a year ago – this is the smallest annual appreciation since October 2015. Last year […]

Study shows that recessions don’t have much impact on home values



New research from Zillow shows that recessions typically don’t have a negative impact on home values, contrary to what many experts have always said. Other than the housing-led Great Recession of the late 2000s, Zillow’s analysis shows that home values have typically continued to grow through national and statewide recessions over the past quarter-century. The […]

Zillow signs up for HBCU Challenge to recruit a more diversified workforce



Zillow says its signed on to the Historically Black Colleges and Universities Partnership Challenge created by the congressional Bipartisan HBCU Caucus. The Challenge, led by Congresswoman Alma S. Adams (D-NC), focuses on promoting greater engagement and recruitment efforts from private companies to HBCUs and the students they serve. Zillow is among 35 other companies, including […]

Experts warn next recession could begin in 2020



The United States set a record for the longest economic expansion this month, but it’s not expected to go on for much longer. Indeed, the next recession will likely begin in 2020, according to a panel of housing experts and economists. The Zillow Home Price Expectations Survey, conducted quarterly by Pulsenomics LLC, asked more than […]

US rents rise again for 9th successive month



U.S. rent values continued their growth streak, accelerating for the ninth-straight month, according to Zillow’s latest Real Estate Market Report. The median U.S. rent rose 3% on an annual basis to $1,483, with Las Vegas (up 10%), Phoenix (up 8.4%) and Orlando (up 7.4%) seeing the largest year-over-year growth. Rents are up year-over-year in 49 […]

Zillow highlights 36 metros where high school grads can afford a mortgage



Households including at least one person with a high school diploma or GED can afford the typical mortgage payment in most large metro areas across the U.S., according to a new analysis by Zillow. But soaring home values that have outpaced incomes have made down payments a barrier for many, particularly first-time home buyers. Mortgage […]

Selling a home brings a third of Americans to tears



Selling a home is one of the most stressful experiences in modern life, second only to a relationship break-up. More than three quarters of Americans who have sold a home in the past three years say it was a stressful experience, and it could easily become more stressful as the market slows and turns in […]