A Picture’s Worth: Are Home Buyers From China Competing With Americans?
Almost a third of Chinese home shoppers focus on six expensive coastal markets -- and they're overwhelmingly interested in higher-priced homes than U.S. home shoppers.
Market Trends
Are Home Buyers From China Competing With Americans?
Almost a third of Chinese home shoppers focus on six expensive coastal markets -- and they're overwhelmingly interested in higher-priced homes than U.S. home shoppers.
How Rising Rates Affect Mortgage Affordability
If rates rise to 5 percent and homes continue to grow in value as expected, the share of income spent on a typical U.S. mortgage will jump to 17.9 percent. At 6 percent interest, the share becomes 20 percent. And at 7 percent interest, it becomes 22.2 percent.
Without Spending More, Some Renters Could Likely Afford to Buy Above-Average Homes
With rents continuing to climb and mortgage rates staying low, many renters find themselves gazing over the homeownership fence and wondering if the grass really is greener.
Recent Uptick in U.S. Homeownership Stalls in Q1 2017
After two consecutive quarterly gains, the recent upward swing of the U.S. homeownership rate stalled at the start of 2017.
Softwood Lumber Tariff Could Lift New Home Premiums by $2,000
An announced 20 percent tariff on Canadian lumber imports could cost buyers of new homes thousands of dollars in added materials costs, according to a Zillow analysis of lumber and home prices over time.
After Georgia’s Strict 2011 Immigration Law, New Home Premiums Surged
After Georgia enacted a law to crack down on illegal immigration and unauthorized immigrants, the new-home premium jumped sharply there while remaining flat in the rest of the country.
Empty Nest Households Are on the Rise
Pricey markets and those with weak labor markets have high concentrations of empty nests. Low densities of empty nests are found in booming cities with strong job markets, new family-oriented areas, and retirement communities.
Viewed from Beijing, Even Silicon Valley Housing Looks Affordable
Homes in China’s most expensive metros sell for thousands of dollars more per square meter than homes in San Francisco and San Jose. But incomes in those U.S. metros are four to five times higher than incomes in Beijing.
Down Payment the Top Hurdle Holding Back Would-Be Home Buyers
Saving a sufficient down payment is the biggest obstacle for renters looking to transition to homeownership, regardless of their age, income, gender or geography – a hurdle likely to get worse for many before it gets better.
