The Rent is Too Damn High*


Rapidly rising rents and stagnant incomes have made renting an expensive proposition across the country....

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Mortgage Rate Responses to Fed Surprises


Using High-Frequency Interest Rate Data from Zillow’s Online Mortgage Marketplace To many observers...

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In Search of Affordability


Across the United States, strong home price affordability has been recently eroded by a combination of rising...

Read More

Case-Shiller Forecast Showing Moderate Slowdown in February


The Case-Shiller data for January 2014 came out this morning, and based on this information and the February...

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Recent Posts and Data

The Rent is Too Damn High*
April 15, 2014

Rapidly rising rents and stagnant incomes have made renting an expensive proposition across the country. Nationally, renters are spending more of their income on rent than they have at any point in the past 30 years. At Zillow we measure affordability by looking at how much of a household’s monthly income is spent on rent […]

Mortgage Rate Responses to Fed Surprises
April 9, 2014

Using High-Frequency Interest Rate Data from Zillow’s Online Mortgage Marketplace To many observers of U.S. mortgage markets, it is obvious that interest rates respond to policy decisions from the Federal Reserve Board, particularly when these decisions are unexpected. Financial news and investors pay careful attention to the precise wording and delivery of monetary policy statements, […]

In Search of Affordability
April 3, 2014

Across the United States, strong home price affordability has been recently eroded by a combination of rising home prices and mortgage rates. Some areas, particularly on the West Coast, have begun to look unaffordable compared to their historic norms, forcing some household to look to the periphery of urban areas in search of affordable homes. […]

Case-Shiller Forecast Showing Moderate Slowdown in February
March 25, 2014

The Case-Shiller data for January 2014 came out this morning, and based on this information and the February 2014 Zillow Home Value Index (ZHVI, released March 19) we predict that next month’s Case-Shiller data (February 2014) will show that the non-seasonally adjusted (NSA) 20-City Composite Home Price Index and the NSA 10-City Composite Home Price […]

Case Shiller Shows Very Slight Moderation in January
March 25, 2014

Today, the S&P/Case-Shiller Home Price Indices showed that the non-seasonally adjusted (NSA) January 10- and 20-City Composites rose 13.5 percent and 13.2 percent, respectively, on a year-over-year basis, in line with Zillow’s forecast released last month. On a seasonally adjusted (SA) monthly basis, the 10- and 20-City Composites each rose 0.8 percent from December to […]

The Federal Reserve Taper and Mortgage Rates
March 19, 2014

The Federal Reserve announced today that it will reduce the pace of its monthly asset purchases from $65 billion to $55 billion, continuing its withdrawal from the extraordinarily accommodating monetary policy of recent years that was first outlined at its December 2013 meeting. Half of the reduction ($5 billion) will come from the Fed’s monthly […]

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