Comparing Zillow and Redfin as two of the best real estate valuators powered by data. In the end, get an appraiser.
Zillow study illustrates home value disparity between races
January 8, 2021 by
Typical values for Black and Latinx-owned homes still lag behind overall U.S. home values, but the gap is narrowing. A new Zillow analysis shows homes owned by Black and Latinx households are worth 16.2% and 10.2% less, respectively, than the typical U.S. home. Homes owned by non-Hispanic white and Asian families, meanwhile, have typical values
Home values rise at fastest clip since 2005
November 23, 2020 by
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
Is Fixing Up a House Worth It? This Is What Adds Value to a Home
June 4, 2020 by
Whether you are a new homeowner or a long time homeowner, taking care of your home is probably a top priority because more than likely it is one of your biggest investments. If you are looking to either build equity or get the most money when you sell your home, you might be wondering “is
Realtor.com adds home price estimates to its listings
March 16, 2020 by
Realtor.com says it will display estimated property values from three different sources on listings at its website. The idea is to show a better range of estimated values, rather than just one number that may be inaccurate. The company is planning to use estimates from both data providers and insurance firms to put a value
Zillow forecasts home value growth to increase
February 24, 2020 by
Annual U.S. home value growth slowed for the 21st consecutive month in January, but you have to squint to spot the difference this time around. When paired with inventory that is hovering near record lows, the nearly two-year slowdown in the housing market may be coming to an end right as home shopping season kicks
Zillow says U.S. now boasts 218 ‘million-dollar’ cities
January 16, 2020 by
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
U.S. home value growth stalls as market stabilizes
December 27, 2019 by
Annual home value growth has reached its lowest point since January 2013 as the housing market continues its return to historic norms after a red-hot 2017 and 2018. The typical U.S. home value grew 3.8% to $243,225, according to the November Zillow Real Estate Market Report. Annual home value growth has now slowed in each
National median incomes fail to keep pace with home values
December 24, 2019 by
Housing affordability fell in October despite mortgage rates being at a historical low, according to the latest National Association of Realtors’ Housing Affordability Index. However, the NAR said that housing affordability conditions have nonetheless improved from a year ago. The issue is that home prices are rising faster than incomes, leading to houses becoming less
