U.S. Stability Draws Foreign Buyers Leery of Uncertainty at Home
The primary drivers of foreign home buyers in the United States, in the near term, are expected to be economic and political factors in their countries of origin – and not necessarily the appeal of the United States’ domestic amenities.
September 2017 Market Report: U.S. Rent Growth on the Rise Again
Don’t look now, but after a largely uninterrupted, almost two-year slowdown, U.S. rent growth is picking up again.
Buyers With Lower Down Payments Make More Offers
The amount of a buyer’s down payment can come into play when other factors in competing bids are a wash. On average, higher down payment buyers make 1.9 offers, while low down payment buyers make 2.4 offers.
Under Proposed Tax Changes, Taking MID Would Be Worthwhile on Only 5% of U.S. Homes
Currently, a little less than a third (29 percent) of all U.S. homes are valuable enough to make taking the Mortgage Interest Deduction (MID) worthwhile for tax filers. Under recently proposed tax changes, that number would fall to just 5 percent.
15 Favorites From Zillow Group Report on Consumer Housing Trends Report 2017
Millennials make up almost a third of sellers. Forty percent of U.S. homeowners share their home with a pet. Nearly a third of buyers go over budget. We have the rundown on housing market data.
Even Fixer-Uppers Are Flying Off the Market
In some markets, fixer uppers fly off the market faster than other listings: In Miami, the median fixer upper took 15 fewer days to go pending than the median move-in ready listing. In Atlanta, the median fixer upper went pending in 10 fewer days, and Dallas and Orlando, Fla., 9 fewer days.
August 2017 Market Report: More Than Half of U.S. Homes Have Rebounded to Pre-Recession Peak Values
Less than half (47 percent) of homes valued in the bottom third nationally were worth the same or more than their prior highs, while 52.5 percent of the middle third and 53.8 percent of homes valued in the top third were.
An Estimated 123,000 ‘Dreamers’ Own Homes and Pay $380M in Property Taxes
California and Texas Dreamer homeowners pay enough in property taxes to fund the salaries of more than 1,500 elementary school teachers in each state for a year.
Breakeven Horizon Shortens Nationally, But Still Lengthening in Most Major Metros
It takes 4.9 years of renting in San Jose before buying a home there is a better prospect – but not because rents in San Jose are affordable: The median rent is $3,600 a month, among the highest in the country. It’s just that the median home value is even less affordable: $992,144.
A Majority of U.S. Households Could – in Theory – Afford to Buy a $300K, Newly Built Home
Almost 60 percent of U.S. households earn enough money to theoretically buy a typical, newly constructed home priced at about $300,000 – and raising the price doesn’t thin the herd of potential buyers as much as may be expected, thanks in large part to very low mortgage interest rates.
