Rent Growth Accelerating at Fastest Pace in 21 Months (February 2018 Market Report)
For the seventh month in a row, Sacramento led major metro areas in rental growth. Meanwhile, the San Jose metro area posted astonishing annual home value growth of 26.4 percent, reaching a median of $1.25 million.
Rental Options Could Double for Seattle Voucher Holders, Thanks to Higher Ceiling
Seattle voucher recipients could see double the rentals available to them because of an upcoming increase in the value of their vouchers.
Suburban Homes Still Feel Recession’s Pinch
Per-square-foot values for both urban and rural homes ($231 and $102 per square foot, respectively) have exceeded their pre-recession highs and are currently at new peaks, but the current value for suburban homes stands below its prior peak of $140, last reached in October 2006.
What We Learned About Housing Over the Past Year
It's been a dynamic year for housing, with affordability continuing to squeeze renters in particular -- and policy changes in Washington, D.C., raising questions about implications for homeowners. Zillow Research explored those and other issues -- from climate change to foreign buyers to home-buying tips. Here's a roundup.
Rising Rents Could Pinch Voucher Holders With Already Shrinking Assistance
In most of the 50 largest metros, both rents and housing assistance will rise together in 2018. But in eight metros, the amount of rental assistance will shrink instead, despite anticipated growth in rents.
Zillow’s Prediction of 2017 Homeless Numbers in Line With Actual Counts
Predictions of the 2017 point-in-time counts in 17 out of 25 metro areas were within the 99 percent predicted interval.
Rent Growth Catches Up to Income Gains After Slowdown (November 2017 Market Report)
For the almost two years leading up to and including May 2016, rents grew faster than incomes, at times more than three times as fast. Then incomes outpaced rents for more than a year. Now rent growth is catching back up.
As Rents Rise, More Renters Turn to Doubling Up
Thirty percent of working-age adults—aged 23 to 65—live in doubled-up households, up from a low of 21 percent in 2005 and 23 percent in 1990. Adults living with roommates or family members earn 67 cents for every dollar made by adults who live on their own or with a partner.
Rising Single-Family Rentals Dampening Home Sales
Hundreds of thousands of homes that may have otherwise sold in a typical year over the past decade – particularly more-affordable homes – have instead been taken off the market and converted to single-family rentals, a trend that exploded in popularity in recent years and is only now beginning to level off.
For people who don't like their market too hot or too cold, these “sweet spots” have strong job and income growth but relatively affordable rents.
