July Housing Starts: Backlogged
Limited access to key building supplies has upped prices for materials and translated to higher list prices for would-be homebuyers.
Share of Homes Sold Way Over List Doubles
The number of homes selling for huge sums over list price has risen rapidly since the start of the year. More than twice as many home sold for $500,000 or more over their original list price in Q2 than in Q1.
Zillow Market Pulse: August 13, 2021
Consumer sentiment is plunging amid concerns and frustrations about the Delta variant, and mortgage rates are likely to reverse because of the sentiment report.
Zillow July 2021-July 2022 Home Value and Sales Forecast
Zillow expects home values to grow 12.1% between July 2021 and July 2022, and to end 2021 up 20.3% from December 2020.
The Typical U.S. Renter is Expected to be ‘Housing Cost Burdened’ By the End of 2021
Rent paid as a share of income is forecast to rise beyond 30% by December for the typical U.S. renter, which is considered housing burdened.
Mortgage Rates Rise on Economic Reports
While the uncertainty presented by the Delta variant and other factors continues to limit some upward movement to mortgage rates, the increasing likelihood of a shift in monetary policy later this year has jostled rates loose from their half-year lows.
Renters: Results from the Zillow Consumer Housing Trends Report 2021
The 2021 Consumer Housing Trends Report (CHTR) provides a snapshot of what housing consumers are thinking and doing in mid-2021. In this report, we take a deeper look at renters.
Forbearance Exits Will Likely Add to Inventory Starting in August
A significant share of homeowners exiting forbearance programs in coming months will likely end up listing their home for sale.
Pandemic Impacts Felt More Strongly by Lower-Income, Renter and Households of Color
Black, Latinx, lower-income & renter households were more likely to report housing and economic challenges brought on by the pandemic.
Mortgage Rates Fall Further on Delta Variant Developments
Mortgage rates fell further this week, reaching their lowest level in six months as investors reevaluate their outlook for long-term economic growth.
