Rent Growth Cools Slightly, Following For-Sale Market’s Lead (May Rent Report)
Softer rental and for-sale markets give prospective buyers and renters more bargaining power
Concessions Slide as Summer Approaches
Concessions remain at a record high for May as the rental market continues to cool after the pandemic frenzy
Affordability is a paramount issue in housing and will continue to be into the future. This dashboard brings the impact of higher mortgage rates to new homeowner affordability and “emotional algebra” to bear on price-to-income ratios to surface the reality of saving for a down payment all by yourself.
Are you a buyer and/or seller, trying to decide whether or not now is the right time to make a move? Are you an agent, looking to strengthen your local market knowledge for your clients? Zillow’s Housing Market Snapshot packages up important statistics you need to evaluate the real estate market, collected through proprietary data. This information is updated monthly and can help you understand the ins and outs of any major city in the US.
Home Insurance Rates Growing at Nearly Double the Rate of Homeowner Income
The typical homeowner continues to face annual insurance cost increases, particularly in metros with higher risk of weather-related natural disasters.
Zillow: CPI Shelter Forecast, May 2025
Zillow forecasts that rent growth measured by the Consumer Price Index will remain somewhat elevated for now, softening towards the end of 2025.
Luxury Real Estate Loses Steam
While activity is slowing, luxury home values are higher than last year in all major metros except Austin, Tampa and Miami.
