Boston Strong: What’s Driving Wage and Job Growth in the Nation’s Original Tech Hub
It may be hard to remember, but 30 years ago, America’s technology heartland wasn’t the San Francisco Bay area – it was around Boston Harbor. And decades after the nation’s tech consciousness shifted west, the technology sector still plays a vital role in Eastern Massachusetts.
April Home Sales Forecast: Are Inventories Easing?
Low inventories continued to weigh on home sales in April although our forecasts suggest that market conditions may have eased slightly from March.
Experts: Housing to Grow Steadily, But Maybe Less So if Trump, Cruz or Sanders Is Elected President
More than 100 U.S. economists, real estate experts and academics say they expect home values to grow steadily in the 3 percent to 4 percent range over the next few years. But those expectations could take a hit if presumptive Republican nominee Donald Trump or current Democratic challenger Sen. Bernie Sanders is elected president.
In Rapidly Growing Counties, Rigorous Regulation Intensifies Rising Rents
On their own, rents tend to rise more quickly in communities with the most restrictive local land-use regulations. Add rapid population growth to the mix in those same communities and the problem only gets worse.
The Price of Prestige: Tech Employees’ Living Costs in Silicon Valley & Seattle
Even the famously generous tech salaries in Silicon Valley are not enough to compensate for California’s expensive housing and high tax burdens, particularly relative to tech employees working in less expensive and lower-tax states like Washington.
Mothers & Their Millennials: Where Working-Age Millennials Are Still Living With Mom
More than one-in-five of the nation’s 24-to-34-year-olds won’t have far to travel on Mother’s Day this Sunday. Almost 10 million working-age millennials nationwide live with their moms, according to a Zillow analysis of American Community Survey data.[1]
March Case-Shiller Forecast: Expect the Slowdown to Continue
All three headline S&P/Case-Shiller Home Price Indices grew at a slightly slower pace in February compared to January, and the slowdown should extend into March, according to Zillow’s March Case-Shiller forecast.
February Case-Shiller: A Slight Slowdown
Growth in home prices was slightly slower in February compared to January, according to the February S&P/Case-Shiller Home Price Indices, in line with our expectations for a slight slowdown.
Key Takeaways from the March New Home Sales Report
March new home sales fell 1.5 percent from February to 511,000 units (SAAR), according to the Census Bureau. Compared to a year earlier, March new home sales were up 5.4 percent, largely reversing the 4.8 percent decline recorded in February.
Rapid Reaction: March New Home Sales
March new home sales fell 1.5 percent from February and were down 1.5 percent over the year, to 511,000 units (SAAR), according to the U.S. Census Bureau.
