US Real Estate, Zillow

Study reveals coronavirus impact on food and retail workers

By Mike Wheatley | April 7, 2020
American renters who work in food and retail industries can find themselves spending 40% of their annual income on housing costs if they are unable to work for two months - up about six percentage points from their current rent burden. As local governments limit or close businesses to stop the spread of the coronavirus, […]
Zillow

Black homeownership rate rebounds from 3-decade low

By Mike Wheatley | February 20, 2020
Recent trends in the black homeownership rate show an increasing number are becoming homeowners. The homeownership rate for black households jumped 3.4 percentage points over the second half of 2019, bringing it from a three-decade low to back near historic averages. A deeper analysis by Zillow revealed some metro areas across the U.S. where the […]
Real Estate, Zillow

Homes selling above list price fall to 3-year low

By Mike Wheatley | February 11, 2020
As the housing market returned to normal after a frenzied couple of years marked by intense bidding wars in many markets, the smallest share of homes sold for above their list price last year than in any year since 2016. Home value growth slowed throughout 2019 to a rate more in line with historic norms […]
Featured News, Residential, Zillow

Zillow reveals America's most popular destinations for home buyers

By Mike Wheatley | February 4, 2020
Las Vegas is the most popular U.S. destination for non-local home shoppers, Minneapolitans don't want to move out of the area - and hardly anybody else wants to move in - and Texans seem to mostly love living in Texas. These are just a few of the takeaways from a new Zillow analysis of search […]
US Real Estate, Zillow

U.S. housing inventory falls to 7-year low

By Mike Wheatley | January 22, 2020
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 […]
Featured News, US Real Estate, Zillow

U.S. housing market now worth $33.6 trillion, Zillow says

By Mike Wheatley | January 21, 2020
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 […]
Luxury Real Estate, Zillow

Zillow says U.S. now boasts 218 'million-dollar' cities

By Mike Wheatley | January 16, 2020
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 […]

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