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.
Home Value Disparities Between Races Are Shrinking, but Remain Very Wide
The typical home owned by Black and Latinx homeowners is 16.2% and 10.2% less valuable, respectively, than the typical U.S. home overall.
Methodology: Zillow Home Value Index by Race
This metric uses small area census owner-occupied housing unit estimates by race to draw conclusions about race-specific housing market performance.
Zillow Market Pulse: December 18, 2020
Home value growth set new records in November, home sales are expected to soar in 2021, demand should stay high and builders are breaking through.
Bold 2021 Predictions: A Stronger Housing Market Across the Board
The for-sale housing market showed incredible strength in 2020, and we expect 2021 will be even stronger.
2020 Was a Surprisingly Strong Year for Housing. Here’s Why 2021 Will be Stronger.
2021 is on pace to be the strongest year for the housing market since 2005, riding a wave of strong and sustainable fundamentals.
The stage is set for an expected takeoff in sales, continued recovery in the rental market and another 10% growth in home values in 2021.
