As the housing recovery continues, Americans are growing more confident in the housing market in general. And that confidence comes in part from a potentially surprising source: millennial renters, who to date have been perceived by many as largely uninterested in and/or unable to attain homeownership.
Nationwide, the typical oceanfront or lakefront single-family home is worth more than double the median value of all homes, according to a new analysis by Zillow.
U.S. home buyers should currently expect to pay 15.3 percent of their incomes to a mortgage on the typical home, while renters should expect to pay about 29.5 percent of their income to rent.
Experts at Zillow’s fifth housing forum warned against discounting the diversity of the millennial generation, shed light on issues that could impact future housing mobility and argued over the merits of urbanizing the suburbs.
National home values won’t get back to their prior peaks until at least the first quarter of 2017, almost a decade after the beginning of the housing recession.
Overall inventory of for-sale homes is rising, but lower-priced homes are difficult to come by as high investor activity and high negative equity conspire to keep those homes off the market.
Among all homeowners with a mortgage nationwide, roughly 1 in 3 (30.2 percent) who owned homes within the bottom third of home values were underwater in the first quarter, according to the first quarter Zillow Negative Equity Report.
The new Zestimate forecast predicts the estimated change in a home’s value over the next 12 months in both dollars and percentages.
Homes in more than 1,000 cities and towns nationwide either already are, or soon will be, more expensive than ever, erasing any losses in value experienced during the recession.
Nationwide, roughly two-thirds of homes for sale on Zillow are considered affordable.
Unlike the citizens of this country, presidential streets aren’t all created equal.
Could home buyers have less competition and an easier time to find the home of their dreams as the home […]
The U.S. Zillow Home Value Index stood at $169,100 as of the end of the fourth quarter, up 1.4 percent from the end of the third quarter, and 0.6 percent from November.
The overall cumulative value of all homes in the U.S. at the end of 2013 is expected to be approximately $25.7 trillion, up almost $1.9 trillion, or 7.9 percent, from the end of 2012.
Zillow’s Market Health Index, measured on a scale from 0 to 10, is a new measure designed to illustrate the current health of a region’s housing market relative to similar markets nationwide.