How a Faster Market Enabled More Home Sales in 2020, Despite Falling Inventory
A faster-moving market enabled sales to grow even as inventory fell, a trend that could reset traditional understandings of “normal” inventory levels.
How a Faster Market Enabled More Home Sales in 2020, Despite Falling Inventory
A faster-moving market enabled sales to grow even as inventory fell, a trend that could reset traditional understandings of “normal” inventory levels.
The Math Behind Rising Sales, Falling Inventory and Faster Market Velocity
The number of homes available to buy, the number of home sales that happen and the amount of time homes spend on the market are all interconnected.
The U.S. Housing Market Gained More Value in 2020 than in any Year Since 2005
The combined value of all homes nationwide rose by almost $2.5 trillion in 2020 -- the most in a single year since 2005 -- to a whopping $36.2 trillion.
Home Value Disparities Between Races Are Shrinking, but Remain Very Wide
The typical home owned by Black and Latinx homeowners is 16.2% and 10.2% less valuable, respectively, than the typical U.S. home overall.
Methodology: Zillow Home Value Index by Race
This metric uses small area census owner-occupied housing unit estimates by race to draw conclusions about race-specific housing market performance.
Working From Home Could More Widely Benefit Black Renters Seeking Homeownership
Black renters are 29% more likely than other renters to potentially be able to move and buy a first home because of the rise in telework.
Housing is Widely Exceeding Early Expectations, but Job Market Remains a Big Concern
Expert predictions for near-term home price growth improved markedly in the summer as the housing market powered through early pandemic challenges.
Freedom to Telecommute Could Add Almost 2 Million Potential Buyers to the Market
A switch to more telework could give 1.92 million U.S. renters the option to leave their current metro and buy a starter home in a cheaper locale.
New Listings of High-End Homes Surge to Near Year-Ago Levels, Reversing an Early Spring Trend
In some large markets, including New York, Miami and San Francisco, new listings of pricier homes as of June 20 were higher than year-ago levels.
Almost 3 Million Adults Moved Back Home in Wake of Coronavirus
There were 32 million adults living with their parents or grandparents in April, the highest number on record.