Post-IPO, Home Values Grew Faster in Areas Home to Lots of Facebook Employees
Between March 2012 and March 2013, home values around likely Facebook employees climbed 21 percent, compared to 17 percent in all other Bay Area census tracts.
National Fair Housing Alliance President and CEO Lisa Rice works every day to combat housing inequality and discrimination. Zillow Research had a conversation with Lisa on her insights about some of the eye-opening results gleaned from a Zillow Housing Aspirations Report survey.
Share of Homes Selling Above List Price Plummets
After years of progressively more homes selling above their listed prices, the share of homes that sold above list plummeted in the second half of 2018.
November New Home Sales: Setting Up for a Weak End to 2018
November new home sales rose 16.7 percent from October, to 657,000 units (SAAR), according to the U.S. Census Bureau.
After Patiently Waiting, Rates Primed to Fall Following Fed Remarks
Mortgage rates remained flat again this week but are primed to fall following the Federal Open Market Committee (FOMC) meeting that concluded Wednesday afternoon.
Today’s snapshot of home sales data from November captures the well-documented market slowdown that occurred at the end of 2018 but does little to highlight more recent developments.
More Than a Third of Home Buyers Now Make More Than $100,000
While home values have soared 50 percent in the past seven years, household incomes have not kept up, rising just 11.3 percent in real terms ($53,921 to $60,000) from 2012 to 2017.
Shutdown Stalling Rural Mortgages
The USDA backs about 120,000 mortgages a year, or about 3.5 percent of purchase mortgage originations nationally.
Annual U.S. home value growth in December was a bit faster than a year ago. But year-over-year growth was slower in 19 of the 35 largest local markets.
