Overview Zillow’s April Real Estate Market Report, released today, shows that home values increased 0.7 percent to $147,300 from March to April (Figure 1). Compared to April 2011, home values are still down by 1.8 percent (Figure 2). This strong monthly appreciation follows March’s encouraging data point, which also had home values appreciating at a FULL BRIEF
According to the first quarter Zillow Negative Equity Report, 31.4 percent of U.S. homeowners with a mortgage are underwater (see figure 1). This is nearly flat on a quarterly basis, up only 0.3 percent, but down 1 percent since the first quarter of 2011. On average, U.S. homeowners owe $75,644 more than what their house FULL BRIEF
Zillow’s first quarter Real Estate Market Reports, released today, show home values decreased 0.5 percent from the fourth quarter of 2011 to the first quarter of 2012 to $146,200 (Figure 1). On an annual basis, home values are down 3.1 percent from March 2011 levels (Figure 2). Despite showing quarterly and annual depreciation, the quarter FULL BRIEF
Nineteen of the 30 metro areas covered by the Zillow Home Value Forecast will reach a bottom in 2012, or have already reached a bottom. Several of those are expected to see significant home value increases in the next 12 months, including the Phoenix (6.5 percent), Miami-Ft. Lauderdale (5.6 percent) and Tampa (2.5 percent) metros, FULL BRIEF
The February Real Estate Market Reports show that national home values decreased 0.5% to $145,400 from January to February. On an annual basis, this represents a 4.5% decline (See Figure 2). The Zillow Rent Index, which measures median rent prices from month to month, shows the rental market continuing to outshine the for-sale market (See FULL BRIEF
There is a desire to find that one size fits all, “get us out of the housing recession” program that is a win-win for everyone. Several supporters argue that universal mortgage principal reduction is that fix. By “universal”, I mean to identify proposals offering all (or most) borrowers in negative equity (even if they are FULL BRIEF
The bottom is right under our noses but we just can’t touch it yet – every quarter it moves a little farther into the future – or at least that’s what it seems like. In the worst housing recession in modern times, we have seen home values plummet – nationally, homes have lost roughly a FULL BRIEF
The March 2012 Zillow Home Price Expectations Survey reveals that economists continue to temper their expectations about a recovery in home prices. The survey, compiled from 104 responses by a diverse group of economists, real estate experts, and investment and market strategists, records expectations about the projected path of the S&P/Case-Shiller U.S. National Home Price FULL BRIEF
The January Zillow Real Estate Market Reports show that national home values decreased 0.5 percent to $146,200 from December to January. On an annual basis, this represents a 4.6 percent decline (see Figures 2 and 3). New to this report is the Zillow Rent Index (ZRI), which is the rental counterpart to the Zillow Home FULL BRIEF
Introduction Similar to the Zillow Home Value Index (ZHVI), we created the Zillow Rent Index (ZRI) to track the monthly median rent in particular geographical regions. Like the ZHVI, we sought to create an index for rents that is unaffected by the mix of homes for rent at any particular time. This makes temporal comparisons FULL BRIEF