An Inventory Quandary: Three Theories for Why People Are Moving Less
The shift from single-family homes being owned to being rented has likely been an important contributing factor to low turnover. As rental homes, these properties are put up for sale less frequently – creating more options for renters and fewer for buyers.
Despite Rising Costs, Most Renters Feel Secure in Their Homes
Most U.S. renters – including lower-income renters – feel confident they will be able to stay in their current homes as long as they want. Lower-income renters in Los Angeles, San Jose and Dallas feel least secure in their ability to stay long-term.
Retail Jobs, Under Fire, Play an Important Role in Paying the Rent
American retail workers have had a rough start to 2017, with department stores and general retail shops shedding tens of thousands of jobs in Q1. And continued losses could imperil hundreds of thousands of households that depend on the income from a retail worker to pay the rent or mortgage each month.
Are Home Buyers From China Competing With Americans?
Almost a third of Chinese home shoppers focus on six expensive coastal markets -- and they're overwhelmingly interested in higher-priced homes than U.S. home shoppers.
Recent Uptick in U.S. Homeownership Stalls in Q1 2017
After two consecutive quarterly gains, the recent upward swing of the U.S. homeownership rate stalled at the start of 2017.
Softwood Lumber Tariff Could Lift New Home Premiums by $2,000
An announced 20 percent tariff on Canadian lumber imports could cost buyers of new homes thousands of dollars in added materials costs, according to a Zillow analysis of lumber and home prices over time.
March New Home Sales: The West Leads the Pack
The West – which saw an increase of 25,000 units (16.7 percent) – accounted for nearly three-quarters of the nationwide jump in new home sales.
After Georgia’s Strict 2011 Immigration Law, New Home Premiums Surged
After Georgia enacted a law to crack down on illegal immigration and unauthorized immigrants, the new-home premium jumped sharply there while remaining flat in the rest of the country.
March Existing Home Sales: Speed Shopping
Existing home sales climbed to 5.71 million, the largest monthly number since February 2007 -- and the fifth time in the past seven months that existing home sales have beat expectations.
March Home Sales Forecast: Blame It on the Cold
Our forecast suggests a year-over-year new home sales growth of 5.7 percent in March – the slowest pace of annual growth in new home sales since early 2014 (the weather-related drop in December 2016 aside). However, if recent trends continue, the year-over-year growth rate of new home sales could slow to 0.6 percent in May.
