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Zillow Research

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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.

Rapid Reaction: Q2 Homeownership Rate

The U.S. homeownership rate rose to 63.7 percent in Q2 from 63.6 percent in Q1 and 62.9 percent a year ago, according to the U.S. Census Bureau, as more renters likely transitioned into homeowners.

June New Home Sales: Inventory Is Up. Kinda.

June new home sales edged higher, rising 0.8 percent from May to 610,000 units at a seasonally adjusted annual rate (SAAR), according to the U.S. Census Bureau. Sales for the previous three months were revised downward by a combined 27,000 units.

Rapid Reaction: June Existing Home Sales

June existing home sales slipped 1.8 percent from May, to 5.52 million (SAAR) according to the NAtional Association of Realtors, the lowest level since February and just 0.7 percent above the pace from a year ago.