Rapid Reaction: May Existing Home Sales
May existing home sales rose 1.1 percent from April and 2.7 percent from a year ago, to 5.62 million sales (SAAR), according to the National Association of Realtors.
May Home Sales Forecast: New Home Sales Should Rebound as Existing Sales Stagnate
Existing homes sales in 2017 have been volatile, rising in one month and falling the next. We expect a slight drop for May, with a rebound in new home sales.
Return on Rent: In Most Major Markets, Most Homes Can Be Rented Out for A Profit
Mom-and-pop real estate investors looking to buy a home and rent it out for a profit essentially can’t go wrong purchasing a large majority of homes in most major markets nationwide – except for a handful of metros largely clustered along the West Coast and Northeast.
Whole Foods & Trader Joe’s Provide a Healthy Boost to Nearby Homes
We’ve proven that homes near a Starbucks appreciate more quickly than both the typical U.S. home and homes near rival Dunkin’ Donuts, giving you and your barista something interesting to discuss while your half-caff vanilla soy latte brewed. But what were you supposed to say to the cashier at Whole Foods when purchasing your favorite organic camel’s milk to top off your latte?
Moving to Opportunity: Why Breaking Family Ties Isn’t So Easy
Family is among the most important reasons why some people stay put -- and living close to extended family is a higher priority for lower-income Americans, according to the Zillow Housing Aspirations Report (ZHAR).
Homes for Sale in More Than Half of Large Metros Less Affordable Than They Used to Be
Real prices on homes for sale is hurting affordability in many areas. For example, the median home available to buy in metro Los Angeles is currently listed at $650,000, which would take up 47 percent of the median income for that area.
One-in-Five Renters Casts a Shadow on the For-Sale Housing Market
For-sale inventory is exceptionally tight and competition among buyers is high: In 2016, the typical home buyer made offers on at least two-to-three homes before closing. At the same time, almost one-in-five renters that moved into a rental unit seriously considered buying at the time, but didn’t – perhaps because of those same buying hurdles.
Where Renting Pays: Places Where Owning Takes a While to Pencil Out
It takes more than two years before buying the typical U.S. home makes more financial sense than renting it -- but that time frame varies by market. In San Jose, you'd have to spend 5.1 years in a house for buying to make more sense than renting.
Zillow’s Breakeven Horizon: The Financial Answer to ‘Rent or Buy’?
Here's a tool for helping weigh the financial side of an exciting and personal question.
Climate Change and Housing: Will a Rising Tide Sink All Homes?
Typically when we talk about “underwater” homes, we are generally referring to negative equity. But there is, of course, a more literal way a home can be underwater: Rising sea levels, and the flooding likely to come with them, could inundate millions of U.S. homes worth hundreds of billions of dollars.
