Experts: Foreign Buyers to Have Limited Impact, Mostly on High-End Housing
U.S. home values are growing quickly, and expectations for future growth have also picked up. But while some may blame strong demand from overseas shoppers for rapid growth and fierce competition, experts say the impact of foreign demand on the market overall is muted at best.
April Case-Shiller Forecast: Tapping on the Brakes
Home prices will finally catch a break in April, when Zillow’s April Case-Shiller forecast expects growth of 5.6 percent in the national index, slightly slower than its 5.8 percent year-over-year climb in March.
March Case-Shiller Results: Home Prices Reaching for the Sky
Home buyer demand is sky-high, inventory levels are near rock-bottom and home prices keep rising.
April 2017 Market Report: A Decade Later, Home Values Return to Bubble-Era Peak
Some people will ask whether passing the 2007 peak means the housing market is in another bubble. It's not. In most markets during "normal times," home values typically rise over time to some degree, and absent any large shocks, each month will represent a new peak. The fact that it took the Zillow Home Value Index a decade to return to this point, let alone exceed it, is a testament to how far the market fell when it crashed. It's also a reflection of how outlandishly high it had climbed.
Home Values Are Back, Except Where They’re Not
The median U.S. home value is back to its pre-recession peak, but not all markets behave the same. Denver recovered years ago, while Las Vegas still has a long way to go.
How the Bay Area Bounced Back From the Dot-Com Bust
The lesson for Bay Area homeowners: Homes priced toward the bottom end of the market offer less risk and are likely to recovery more quickly if the area’s housing market temporarily declines. For the rest of us: All market declines are not created equal. Even 35 months doesn’t seem like a long recovery when the alternative is a decade.
Today, I’m pleased to announce the launch of Zillow Prize, a contest that allows data scientists from around the world to work alongside us to improve Zestimate accuracy and have the chance to win $1 million. This is the first time we’ve ever invited data scientists outside of Zillow to work on the algorithm.
April Existing Home Sales: Slow Burn
Existing home sales seemed to defy gravity in recent months, but historically tight inventory is finally catching up with the market and is now very clearly weighing on sales.
Rapid Reaction: April Existing Home Sales
The April existing home sales report adds fuel to a fire we know has been burning for several years now: Home buying demand is incredibly high, and the supply of homes to buy is incredibly low, which serves to push prices up and only piles on the frustration for buyers struggling to find an appropriate home at the right price.
Low-Income Housing Tax Credits: Why They Matter, How They Work and How They Could Change
As markets struggle to meet increasing demand and provide sufficient affordable housing, the White House and Congress have made proposals that could lower the value of Low-Income Housing Tax Credits – the main tool Uncle Sam has to help get that kind of housing built.
