Demand for Lowest-Priced Homes is Strongest as Market Rebalances
Inventory, sales and price cut trends show home buyer demand has cooled across the board, but competition is strongest for the lowest-priced homes in each market, reversing a pandemic trend.
June is Pride Month, with a goal of raising awareness and increasing efforts to achieve equal opportunities for LGBTQ+ Americans. This month and every month, Zillow Research is committed to shining a light on housing market challenges and opportunities that disproportionately affect LGBTQ+ home buyers, sellers and renters.
There is broad support to allow accessory dwelling units, duplexes and triplexes in residential neighborhoods, according to a new Zillow survey covering 26 U.S. metro areas, many of which are struggling with housing affordability.
Domino Effect: Gender Pay Gap Has Implications for Women Home Buyers
Nationally, women could afford 18% more of the housing market if they made as much money as men. The disparities are most profound for women working in job categories such as the financial industry, education and health services, and “other services,” which include fields such as advocacy and pet care.
Skyrocketing Home Values Out-earn Salaries
While homeowners watched their assets multiply in 2021, the chasm separating many renters from homeownership widened, as home prices skyrocketed and rising rents eroded their ability to save for a down payment.
A 1-2 Punch: Why Monthly Mortgage Payments are Rising at their Fastest Pace in Decades
The monthly mortgage payment on the typical U.S. home rose 31% in the last year – the largest one-year climb in at least 22 years.
Across Seattle and Spokane Metros, Most Residents Support Allowing More Homes, Neighbors
A majority of residents surveyed in Washington’s largest metro and suburban areas are concerned about rising housing costs and support allowing duplexes, triplexes and accessory dwelling units in residential neighborhoods to provide more affordable options
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.
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.
