She sheds, steam ovens can help sell homes for up to $17,400 more
Zillow finds that doorbell cameras and soapstone countertops can help sell a home up to 5 days faster
She sheds, steam ovens can help sell homes for up to $17,400 more
Zillow finds that doorbell cameras and soapstone countertops can help sell a home up to 5 days faster
Housing market observers could be forgiven for expecting a weak spring home buying season this year. The market cooled dramatically in the second half of 2022, after buyers ran into an affordability ceiling amid rising mortgage rates and two straight years of red-hot competition. Sales activity plunged, as existing home sales reached their lowest pace since 2010 in December, and home values slumped for the first time in almost that long.
Home values slipped 0.2% in December, a repeat of November’s modest decline, leaving the typical home value at $356,819, or 0.7% below the peak set in June, according to the Zillow Home Value Index.
Rents slide for third month in a row to close out 2022 (December 2022 Rental Report)
Asking rents fell 0.3% from November to December, another large decline following the largest one-month drop in the seven-year history of the Zillow Observed Rent Index.
