16 Favorite Facts From the Zillow Group Report on Consumer Housing Trends Report 2018
Just over half of buyers put down less than 20 percent on their purchase, 41 percent of sellers have at least one offer fall through, people of color are more likely to experience rent increases than white renters -- and other findings in the new report.
Rents Flat Year-Over-Year for First Time Since 2012 (August 2018 Market Report)
Annual rent appreciation has slowed for six straight months and remained below 3 percent for the past 27 months.
The Decade-Long Growth in Rentership Is Reversing
A decade-long surge in rentership came to an abrupt end in 2016, according to an analysis of data from the U.S. Census Bureau’s Homeownership and Housing Vacancy Survey.
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.
The Rentership Roller Coaster: Most Cities Gained Renters, Despite a Pre-Recession Dip
Since the turn of the millennium, nearly all of America’s 50 largest cities have seen a rise in their rentership rates, the percentage of homes that are rented rather than owned. In all but a few of these cities, the ascent has been far from smooth.
A Greater Share of Rentals Are Out of Reach for Blacks, Hispanics
The typical black household could spend twice as much of their paycheck on rent as a workaday Asian household and still afford fewer rentals. In Boston, a typical white household can afford 34 times as many rental listings as a typical Hispanic household.
Homes With Central Air Command $5,486 More on Average
Nationally, 66.1 percent of homes listed for sale over the past year have central air conditioning, selling for 2.5 percent -- or $5,486 -- more than comparable homes without central air. In Las Vegas, the share is 99.1 percent.
When Rent Growth Signals Stability, Not Stress (May 2018 Market Report)
Median rent is growing faster this spring compared to last spring nationwide and in 27 of the nation’s 35 largest markets, according to the May Zillow Real Estate Market Report. But in 25 of those same 35 markets, rent itself was down somewhat in May compared to recent highs.
Rising Trend of Stay-at-Home Dads Hits All-Time High
The overall share of U.S. children living with a full-time, stay-at-home parent was unchanged in 2017 compared to 2016, and has remained largely flat since the mid-1990s. But even as full-time, stay-at-home parenting overall has stabilized, the share of stay-at-home dads has reached an all-time high.
Rent Control: A Political and Policy Conundrum
Despite the idea’s popularity among the general public, there are strong reasons to take a cautious tack when it comes to rent control.
