Home Value Growth Breaks New Records in Face of Unrelenting Demand (December 2020 Market Report)
Home values in Q4 rose 3.2% over the previous quarter, the largest quarterly increase since at least 1996 (when Zillow records begin).
Renting
Despite New Aid, 3M+ U.S. Renters Facing COVID-19 Unemployment Bear Extreme Housing Cost Burdens
Even with additional assistance, renters reliant on unemployment insurance income face substantial rent burdens and are worse off now than in the spring.
Still-Employed Renters Realized Modest Gains in Affordability through Pandemic
Rents got modestly more affordable over the past few years for those renters that held on to their jobs throughout the ongoing pandemic.
Methodology: Nowcasting Rent Affordability During the Pandemic
Or new statistical models ‘nowcast’ rent affordability using modern statistical approaches, standard government data and Zillow’s big data capabilities.
2020 Housing Data in Review: How Housing Went from Solid, to Stuck, to Soaring in 12 Months
The global pandemic weighed heavy on 2020, but the for-sale residential real estate market was a source of optimism and opportunity for many.
A Raise Will Help Minimum Wage-Earning Renters, But Their Burden Remains Very High
In 37 of 45 large metro areas analyzed, an increase in minimum wages will lower rent burdens for minimum-wage-earners by at least 1 percentage point.
Bold 2021 Predictions: A Stronger Housing Market Across the Board
The for-sale housing market showed incredible strength in 2020, and we expect 2021 will be even stronger.
The stage is set for an expected takeoff in sales, continued recovery in the rental market and another 10% growth in home values in 2021.
What Moved Us: Stories that Shaped the Year in Real Estate
Home became more important than ever in 2020. Kitchen tables became classroom desks, basements turned into offices and backyards became sanctuaries.
Renters Staying in Cities and Suburbs Despite Pandemic, Turning Savings into Upgrades
Enterprising young renters seem to be taking the opportunity of softening rent growth to come back to the market and score a deal on a nicer apartment.
