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Zillow Research

Boston

Is Your City Building Enough Housing? Weighing Today’s Housing Promises Versus Past Housing Delivery

A lack of new housing supply has been blamed for a raft of housing issues plaguing many large U.S. housing markets, including rapid appreciation, deteriorating affordability (especially at the lower end of the market and for renters) and very limited inventory. In response, mayors’ offices nationwide have formulated plans focused on building new housing and rehabilitating and preserving what housing already exists. But are these plans enough, and are they feasible?

Zillow Housing Confidence Index: Homeowners Got Swagger, But Buyers Increasingly Discouraged

Homeowners have a lot of swagger in today’s market, and for good reason – home values are rising, demand is high and homes are selling very quickly. But the same trends helping to buoy homeowner confidence are also proving increasingly discouraging for potential buyers, particularly among current renters, a critical imbalance that could have important impacts on the market going forward.

Rent Affordability by Tier: High Rents Aren’t a Problem If You Earn Enough to Afford them

As growth in rents outpaces growth in incomes, rent affordability (the share of the typical American’s income that goes to rent) has steadily deteriorated over the past five years – from a historic average of 26 percent, to roughly 30 percent currently. But focusing only on medians can sometimes hide more than it reveals. In this case, there are sharply different trends at the top and at the bottom of the market.

February Market Report: Peeking at Home Value Peaks

Median home values in more than a quarter of the nation’s metro housing markets are currently, or were recently (within the last year), at peak and as high as they’ve ever been, according to the February Zillow Real Estate Market Report. But what do home value peaks really mean?