Record Low Mortgage Rates Boost Affordability, But Mask Down Payment Difficulties
Ultra-low mortgage interest rates are keeping monthly payments remarkably affordable, but don't ease the burden of saving for a down payment as prices rise.
Renting
Zillow Weekly Market Report, Data Through Oct. 17
Inventory keeps hitting new lows, and prices keep getting higher. Pending sales are slowing after a hot few months.
August 2020 Market Report and Zillow Weekly Market Report Through September 12
Low inventory pushes home values to highest monthly increase since 2013 and low demand pushes rents lower in August monthly housing data.
College-Area Rents Are Falling Behind as Schools Move Online
Rents in college areas (where more than 1/5 residents is a student) were down year-over-year in August, but up in non-college areas.
Zillow Weekly Market Report Through September 5
Buyers are scooping houses off the market at record rates and sellers are listing more homes than at any point since the beginning of the pandemic.
Freedom to Telecommute Could Add Almost 2 Million Potential Buyers to the Market
A switch to more telework could give 1.92 million U.S. renters the option to leave their current metro and buy a starter home in a cheaper locale.
July 2020 Market Report and Zillow Weekly Market Report Through August 15
The typical home price rose to $253,527 this July, propelled upward by rock-bottom inventory tallies that continue to plumb new depths.
Zillow Weekly Market Report: Data Through August 8, 2020
Newly pending sales are up nearly 17% year over year and price growth is accelerating, strong buyer demand has been evident in both urban and suburban areas of the country during the coronavirus pandemic.
Zillow 2020 Urban-Suburban Market Report
In light of the changing work landscape, suburban housing markets have not strengthened at a disproportionately rapid pace compared to urban markets.
Zillow Weekly Market Report: Data Through August 1, 2020
Newly pending sales fall week over week but other markers indicate a strong market with would-be home sellers slow to return despite buyer demand.
