146 New U.S. Cities Gained Million-Dollar Status in 2021, the Most Ever in a Single Year
There are now 481 cities nationwide in which the typical home value is at least $1 million, and almost half (44%) are in California.
Affordability
U.S. Housing Market has Doubled in Value since the Great Recession, Gaining $6.9 Trillion in 2021
The total value of private residential real estate in the U.S. grew by a record $6.9 trillion in 2021, to $43.4 trillion – more than double the level from a decade ago.
Experts Split on Sales Impact from Potential Affordability Woes vs. Inventory Gains
Housing experts are evenly divided on whether sales will rise or fall in 2022, weighing inventory growth against worsening affordability.
U.S. Movers Continued to Seek Affordability in 2021, but in Different Areas
Some of 2020’s most popular mover destinations have gotten so expensive, so quickly that they are losing some of their appeal as affordable options.
Housing Demand in a High-Inflation World: Why Non-Shelter Inflation Might Not Dent Buyer Demand
Buying a home today with a fixed-rate mortgage can be a hedge against housing inflation, locking in the cost of shelter even as other prices may rise.
Zillow’s Hot Housing Takes for 2022
Expect the strong sellers market to persist, the Sun Belt to remain highly in-demand and flexible work options to continue to shape housing.
FSBOs May Fit the Bill For Buyers Looking for Affordable Options
For sale by owner (FSBO) listings are a small but relatively consistent share of total U.S. home listings -- since 2018, FSBOs have accounted for around 4-6% of total monthly listings.
To Afford Rent, Teachers and Nurses Are Living in Smaller, Older Homes
Only a small share of rental homes in many markets are priced low enough to allow teachers & nurses to keep rent burdens low.
Share of Homes Sold Way Over List Doubles
The number of homes selling for huge sums over list price has risen rapidly since the start of the year. More than twice as many home sold for $500,000 or more over their original list price in Q2 than in Q1.
The Typical U.S. Renter is Expected to be ‘Housing Cost Burdened’ By the End of 2021
Rent paid as a share of income is forecast to rise beyond 30% by December for the typical U.S. renter, which is considered housing burdened.
