U.S. housing market value rose by $6.9 trillion in 2021

U.S. housing gained a record $6.9 trillion in 2021, nearly doubling what was previously the largest annual gain of $3.7 trillion in 2005. The full U.S. housing stock is now worth $43.4 trillion, according to a new Zillow analysis. Strong demand met limited supply in 2021, driving home values up more than ever before —

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Younger buyers are losing out to baby boomers as they compete for fewer homes

Younger people are being forced to compete with baby boomers for the limited inventory of available homes, and they’re losing out and therefore make up a smaller share of home buyers today than in previous years. That’s according to a report from Zillow that looked at the age, sex, race and income of home buyers

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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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More homes sell above list price amid buyer competition

In more evidence that persistent buyer demand is pushing a strong housing market deeper into the year than usual, a new Zillow analysis has found the share of homes sold above list continues to rise, blowing past the typical mid-summer peak. In September, 22.4% of homes purchased in the U.S. were sold for more than

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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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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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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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Zillow: New listings fall sharply due to coronavirus

Early spring is peak home-shopping season in most years, a time when sellers list homes on the market in droves hoping to take advantage of the increased competition from buyers shaking off the winter doldrums. But a new Zillow analysis shows that new listings dropped significantly this March and early April as the coronavirus pandemic

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Zillow reveals America’s most popular destinations for home buyers

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

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

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

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