Zillow’s Prediction of 2017 Homeless Numbers in Line With Actual Counts
Predictions of the 2017 point-in-time counts in 17 out of 25 metro areas were within the 99 percent predicted interval.
Zillow’s Prediction of 2017 Homeless Numbers in Line With Actual Counts
Predictions of the 2017 point-in-time counts in 17 out of 25 metro areas were within the 99 percent predicted interval.
Total Value of All U.S. Homes: $31.8 Trillion. How Big Is That?
It's more than 1.5 times the Gross Domestic Product of the United States and approaching three times that of China. Total U.S. home values have grown $1.95 trillion over the past year -- more than all of Canada's GDP or two companies the size of Apple.
Americans Split on Fairness of Local Property Tax Rates
Currently, Americans overall are almost evenly split on the fairness of the property tax rate in their community. Looking ahead, it’s unclear how these attitudes may shift as federal tax changes set to take effect in 2018 potentially lead more to fully feel the pinch of local property tax bills.
Housing Data 101: Why Use the Zillow Home Value Index (ZHVI) Instead of a Median Sale Price Series
We recommend using ZHVI to track home values over time for the simple reason that ZHVI represents the whole housing stock and not just the homes that list or sell in a given month.
For people who don't like their market too hot or too cold, these “sweet spots” have strong job and income growth but relatively affordable rents.
Low Inventory, Sluggish Building Defined Housing in 2017; Expect 2018 to Look Similar
Persistently low inventory of homes for sale, and low levels of single-family home building activity in particular, proved the most surprising housing trends to a majority of experts in 2017 – and they say neither is particularly likely to reverse course in 2018, nor is homeownership expected to rise much.
Worsening Affordability Costs Renters Nearly $2,000 a Year
Rising rents are eating up an increasingly large share of tenants’ incomes, costing the typical U.S. renter almost $2,000 more per year than they would if renters were devoting the same-sized chunk of their paychecks to their landlord as they used to.
Mortgage Rates Might Climb on Fed Interest Rate Signals
With a shortened Thanksgiving week, the main news regarding mortgage rate movement revolved around the likelihood of a rate hike in December.
Mortgage Rates Rise on Economic Data from European Union, Senate Tax Reform Bill
Mortgage rates rose about five basis points at the end of last week on strong economic data coming from the European Union and on the Senate’s tax reform bill. They held steady at this higher level for the first half of the week.
Mortgage Rates Fall Following Tax Reform Bill
This week, with no major economic releases scheduled, unscheduled events—particularly any major announcements on tax reform progress—will likely dictate movement in the market.
