Methodology: Nowcasting Rent Affordability During the Pandemic
Or new statistical models ‘nowcast’ rent affordability using modern statistical approaches, standard government data and Zillow’s big data capabilities.
Pandemic Year Brought Incredible Surge in ‘Million-Dollar Cities’
In 312 cities and towns nationwide, the typical home is worth a cool $1 million or more -- up 45 from a year ago and an increase of 104 from five years ago.
Zillow Market Pulse: January 8, 2021
The labor market suffered its worst setback since the early days of the pandemic, and construction spending is up along with mortgage rates.
Mortgage Rates Rise to Start 2021
Mortgage rates increased this week, jumping in response to Tuesday’s senate runoff elections in Georgia.
Mortgage Rates Set to End 2020 At Lowest Levels Ever
Mortgage rates look set to end 2020 at record-low levels that were unfathomable just a few years ago.
October Case-Shiller Results & November Forecast: Nothing Short of Remarkable
In many places, home prices are growing (by some measures) at their fastest pace in decades.
2020 Housing Data in Review: How Housing Went from Solid, to Stuck, to Soaring in 12 Months
The global pandemic weighed heavy on 2020, but the for-sale residential real estate market was a source of optimism and opportunity for many.
November New Home Sales: Relatively Weak, but Context is Everything
Compared to recent levels, an annualized pace of 841,000 sales is relatively weak. But November new home sales were higher than in any single month in 2019.
November Existing Home Sales: Enduring Strength Headed into 2021
The pace of existing home sales may have cooled in November from October’s red-hot pace, but the housing market remains strong headed into 2021.
A Raise Will Help Minimum Wage-Earning Renters, But Their Burden Remains Very High
In 37 of 45 large metro areas analyzed, an increase in minimum wages will lower rent burdens for minimum-wage-earners by at least 1 percentage point.
