Home Searchers: Who Is Coming and Going – And Who Is Staying Put?
How user traffic on our site provides a small signal into which directions moving truck traffic might be headed in the near future.
Renting
U.S. Renters Paid $4.5 Trillion in Rent in the 2010s
All-in-all, U.S. renters paid roughly $4.5 trillion in rent during the 2010s, more than the 2018 GDP of Germany.
Bold Predictions for 2020: Shrinking Homes and a More Stable Market
We expect a slower market than we’ve become accustomed to the last few years. But don’t mistake this for a buyer-friendly environment.
U.S. Rents Continue to Rise as For-Sale Inventory Dries Up (October 2019 Market Report)
Annual growth in the U.S. rental market has been very consistent over the past year, never slower than 1.7% nor more than 2.4% -- slower than recent annual income growth that has hovered around 3% in recent months and a sustainable pace for renters, especially those trying to save for homeownership.
Sacrifices People Make to Afford the Rent
The U.S. median rent now consumes 27.8% of the country’s median income – nearing the 30% tipping point above which rent is considered unaffordable and the 32% tipping point above which communities can expect a more rapid increase in homelessness. What that looks like at the individual renter level is sacrifice.
For-sale inventory continued to fall in September after a mild recovery earlier this year, hitting their lowest levels since Zillow began tracking the data.
Recent Rent Hikes on 1 in 15 California Rentals Would Have Exceeded Newly Passed Cap
About 6.7% of properties listed for rent in California last year saw rent hikes larger than what would be allowed under a new rent-cap measure.
Starting Salaries for Teachers Don’t Pay the Rent
For many teachers, back to school means a return to their regular jobs from summer gigs that supplement their incomes and help them -- literally -- pay the rent. Nationally, the median market-rate rent takes a staggering 46.8% of a starting teacher’s salary.
Home Value Growth Continues Steady Normalization as Inventory Creeps Up (July 2019 Market Report)
The annual pace of U.S. home value growth slowed for the seventh straight month in July as the market continues to normalize and slowly find more balance between home buyers and sellers.
