Most Popular Neighborhoods Heading Into Home Shopping Season
The country’s most popular neighborhoods have a lot in common with its most popular celebrities: They tend to be in California.
Mortgage Rates Touch Highest Levels in Four Years
Mortgage rates retreated late last week from the four-year highs they had touched during the previous week.
Hispanics, Young Adults Pushing Up U.S. Homeownership Rate
The seasonally adjusted U.S. homeownership rate is currently enjoying its longest uninterrupted run of quarterly gains since the turn of the 21st century, driven higher by advances among Hispanics and younger adults.
Rapid Reaction: Q1 2018 Homeownership Rate
The seasonally adjusted Q1 2018 homeownership rate was 64.2 percent, according to the U.S. Census Bureau, unchanged from Q4 2017 and up somewhat from 63.6 percent in Q1 2017.
There's a serious mismatch in the U.S. housing market right now: The majority of homes available to buy aren’t the kind of homes the majority of buyers are seeking. And the limited inventory of those more sought-after homes is contributing to their more rapid appreciation.
Mortgage Rates Touch Highest Levels in Four Years
After flatlining for much of the past two months, mortgage rates again moved definitively upward over the past week, touching their highest levels since January 2014.
Home Values Remain Low in Vast Majority of Formerly Redlined Neighborhoods
Home values in the vast majority of neighborhoods that were “redlined” as hazardous for mortgage lending by the federal government 80 years ago are lower now than in areas rated more highly.
Redlining and Home Values in St. Louis, Philadelphia and Portland, Ore.
We talked to locals in Portland, Philadelphia and St. Louis -- places where home values in formerly redlined areas have passed the values in some other neighborhoods. The reasons they gave ranged from imminent domain to gentrification to early efforts to stave off urban decay.
Geographies Analyzed for Redlining-Home Value Research
Zillow analyzed redlined neighborhoods in the 151 cities, counties or other geographic areas listed here. In three-quarters of them, formerly redlined neighborhoods now have lower median home values than communities that carried different labels.
February Case-Shiller Results and March Forecast: Home Prices Pushed Higher by Inventory Crunch
The kind of sustained, rapid home price growth we’ve been seeing in Case-Shiller and other indices for the past few years is enough to give home buyers of all stripes a headache. And don’t expect things to slow down any time soon.
