Rapid Reaction: May Jobs Report
U.S employers added 138,000 jobs last month, and the national unemployment rate fell to 4.3 percent, according to the May jobs report from the U.S. Bureau of Labor Statistics.
Demographic Headwinds Only Modest Weight on Renter Turnover
An older renter population, the growth in single-family rentals and rent affordability do not appear to be primary factors in the decline of mobility among renters. A more important driver could be the growth of renting in markets where turnover has historically been lower.
Does the Obamas’ $8.1M Home Purchase in D.C. Make Financial Sense?
In some parts of the country, spending a few years in a home is long enough to make homeownership a financially strong bet. Washington, D.C. isn't one of them.
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.
