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.
Housing Data 101: What is Negative Equity?
When a home falls in value to the point where it is worth less than the amount its owner owes on his mortgage, it falls into negative equity. This can happen in any economic downturn, regardless of severity or duration. But given both the unprecedented severity and duration of last decade’s downturn, negative equity grew like it was on steroids.
Bremerton’s Affordable Housing Just Got Closer to Seattle – But There’s a Catch
A new high-speed ferry service connecting downtown Seattle with the city of Bremerton promises to make a number of more-affordable communities accessible to Seattle home shoppers. But because Bremerton isn’t part of the Greater Seattle market, some borrowers seeking even relatively affordable homes may need to do some potentially costly mortgage gymnastics to make their home purchase in and around Bremerton work.
Typical U.S. Home Sellers Gained $39,900 Last Year. See How They Did in Your Market.
Homeowners who sold in 2016 made 3.4 percent a year, the highest gain for home sellers since 2007, when the typical gain was $47,500. Typical sellers in 2016 also owned their homes for seven years and five months at the mid-point – the longest period in decades.
How to Save on Rent: Don’t Move
Landlords typically raise rents at a slower rate for renewing tenants, so people are bound to save some money by sticking around -- but who knew it would be enough to pay for another couple months of rent?
A Picture’s Worth: Need a Reason to Name Your Child Stuart or Alison?
What's in a name when it comes to home? Lots, it turns out. Annes own the highest-value homes in 10 states, and of all the homes owned by Salvadors nationally, 46.9 percent of those homes are in California.
Need a Reason to Name Your Child Stuart or Alison? They Own the Most Valuable U.S. Homes
What's in a name when it comes to home? Lots, it turns out. Annes own the highest-value homes in 10 states, and of all the homes owned by Salvadors nationally, 46.9 percent of those homes are in California.
Why is Home Buying Demand So High? Partly Because Buying Conditions (in Theory) Are So Good
An incredibly strong jobs market, coupled with historically high levels of home affordability, is helping create a perfect storm of home buying demand that is proving incredibly difficult for home builders and home sellers to satisfy.
May Case-Shiller Forecast: Expect the Cooldown to Continue
On the heels of a larger-than-expected slowdown in April, Zillow anticipates Case-Shiller data to show a continued cooling in home price growth in May almost across the board, with prices even falling slightly from April in one key index.
