Buyers With Lower Down Payments Make More Offers
The amount of a buyer’s down payment can come into play when other factors in competing bids are a wash. On average, higher down payment buyers make 1.9 offers, while low down payment buyers make 2.4 offers.
15 Favorites From Zillow Group Report on Consumer Housing Trends Report 2017
Millennials make up almost a third of sellers. Forty percent of U.S. homeowners share their home with a pet. Nearly a third of buyers go over budget. We have the rundown on housing market data.
Housing Data 101: What’s the Breakeven Horizon in Real Estate?
The Breakeven Horizon is the housing data answer to ‘rent or buy?’ Here’s how we calculate it.
Hurricane Irma’s Flooding Wasn’t as Severe as First Feared, Possibly Sparing Half a Million Homes
If the mainland of Florida had been struck by a Category 4 storm, our estimates show that just over a million homes statewide, worth a combined $329 billion, could have been flooded by storm surges. That's more than a third of the homes in Florida.
For Many Low-Income Households, Even Low-Valued Homes Aren’t Affordable
Lower-income households spend 23 percent of their incomes on mortgages for homes valued in the lower third -- more than twice the 11.1 percent that a typical high-income homeowner pays for a home valued in top third of homes nationally. The inequality is worse in pricey coastal markets.
Q2 2017 Housing Affordability: The Squeeze Continues
Rents are far less affordable than mortgages, taking nearly twice the share of income. It's an issue that's become apparent among low-income renters as the eviction and homelessness crises worsen in some areas.
Rising Rents Mean Larger Homeless Population
It’s well documented that there’s a connection between escalating rents and growing numbers of people experiencing homelessness. With this new research, we quantify that effect in 25 major metro areas. We found that in four metros currently experiencing a crisis in homelessness — Los Angeles, New York, Washington, D.C., and Seattle – the relationship between rising rents and increased homelessness is particularly strong.
For Many Low-Income Renters, Even Low-End Apartments Aren’t Affordable
In the 25 largest metro areas in the country, people with low incomes pay far more than 30 percent for rent. Even markets that were not historically out of reach now take a large chunk of low-income renters’ dollars. In Houston, the median low-income earner spends 65.1 percent of her income on the median bottom-tier rent. In Tampa, it’s 59.1 percent. In Philadelphia, 57.3 percent.
Highlights From Research on Rents and Homelessness
We used statistical modeling to improve homeless population estimates, then created a framework for investigating how changes in rent would affect the size of the homeless population. Given that logistics and expenses prevent metros from conducting more counts of homeless populations each year, this research also offers a statistical way to generate hypothetical additional counts every year.
Q1 2017 Negative Equity: Slow Progress Beats No Progress
Slightly more than 5 million homeowners with a mortgage are in negative equity, down from a high of more 15.7 million in early 2012.
