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Zillow Research

Notable Numbers From August 2018

What are the "hidden" costs of homeownership? Where do renters rule? How does regulation affect home values? Check out this by-the-numbers roundup of the latest work from Zillow Research.

expensive home

1.07 inches

How much space $1 dollar buys in the median-valued U.S. home. In San Francisco, it’s just 0.14 inches, and in Memphis, 2.53 inches. Compare other markets.


2020

More than three quarters of experts say they don’t expect national housing market conditions to shift toward a buyers market until 2020 or beyond. See their other predictions.


20 of 35 major metros

Home value growth has slowed in 20 of the 35 largest housing markets. Four of the hottest reported the greatest slowdowns.


Nearly $10,000 a year

Typical homeownership expenses beyond a mortgage. See how much taxes and insurance add.


14.2%

Share of U.S. listings that had a price cut in June 2018, up from a recent low of 11.7 percent in late 2016. Check out the percentage in San Diego and other markets.


2.3 million

How many more single-family home permits the country would have if permits over the past decade had been issued at historic rates. How many years of “lost building” is that?


197

Number of cities with a median home value of $1 million or more. Who’s expected to join the list?


1 in 5

Rough share of tax filers who used the state and local tax (SALT) deduction in the typical U.S. ZIP code in 2015. See how home values changed following late 2017 tax reform.


6

Number of cities out of the largest 50 that did not see an increase in the share of homes rented rather than bought from 2000 to 2016. Check out where renters rule.


25 percentage points

Every additional 10 percentage points of job growth is associated with 25 percentage points of home value growth in heavily regulated metros — but only 4.5 percentage points in lightly regulated metros.

Notable Numbers From August 2018