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Zillow Research

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Q1 2016 Negative Equity Report: Rust Belt Overtakes Sand States as Nation’s Nest of Negative Equity

As negative equity overall continues to fall, the epicenter of underwater homeowners in the U.S. has shifted from the notoriously hard-hit – but quick to recover – Southwest and Southeast, to the long-suffering and sluggish rust belt states. The shift is reflective of a housing market that has evolved from one driven by largely temporary factors caused by the massive housing boom and bust, to one driven by more fundamental, traditional factors like job growth, supply and demand.

Luxury Apartment Rent Growth Slowing

After growing at a blistering pace for much of 2015, apartment rents across the county are growing at a slower pace thus far in 2016 – and the slowdown has been particularly dramatic on luxury apartment rent in higher-end ZIP codes.

April Case-Shiller Forecast: Slower National Growth, Faster Growth in 10 & 20-City Indices

Growth in the smaller, more coastal 10- and 20-city S&P/Case-Shiller Home Price Indices in March was slightly stronger than expected, while growth in the larger U.S. national index came in slightly below expectations. Looking ahead, Zillow's April Case-Shiller forecast calls for another somewhat mixed bag, with annual growth in the 10- and 20-city indices picking up while national growth slows a bit.