Home Value Growth Breaks New Records in Face of Unrelenting Demand (December 2020 Market Report)
Home values in Q4 rose 3.2% over the previous quarter, the largest quarterly increase since at least 1996 (when Zillow records begin).
Affordability
Despite New Aid, 3M+ U.S. Renters Facing COVID-19 Unemployment Bear Extreme Housing Cost Burdens
Even with additional assistance, renters reliant on unemployment insurance income face substantial rent burdens and are worse off now than in the spring.
Still-Employed Renters Realized Modest Gains in Affordability through Pandemic
Rents got modestly more affordable over the past few years for those renters that held on to their jobs throughout the ongoing pandemic.
Methodology: Nowcasting Rent Affordability During the Pandemic
Or new statistical models ‘nowcast’ rent affordability using modern statistical approaches, standard government data and Zillow’s big data capabilities.
Bold 2021 Predictions: A Stronger Housing Market Across the Board
The for-sale housing market showed incredible strength in 2020, and we expect 2021 will be even stronger.
What Moved Us: Stories that Shaped the Year in Real Estate
Home became more important than ever in 2020. Kitchen tables became classroom desks, basements turned into offices and backyards became sanctuaries.
Record Low Mortgage Rates Boost Affordability, But Mask Down Payment Difficulties
Ultra-low mortgage interest rates are keeping monthly payments remarkably affordable, but don't ease the burden of saving for a down payment as prices rise.
Housing Affordability Methodology, 2020: A Bayesian Approach to Predicting Incomes
A new statistical method from Zillow predicts renter & homeowner income from ACS & BLS sources to more accurately calculate housing affordability.
What are the Top Affordable U.S. Suburbs With a City Feel?
In partnership with Yelp, we determined the 10 places that best balance the space & affordability of the suburbs while still maintaining that big-city feel.
Homeowners Could Save Thousands by Refinancing at Today’s Ultra-Low Mortgage Rates
Some homeowners could save almost $30,000 over the course of a 30-year loan by refinancing at today’s historically low mortgage rates.
