Zillow Research
Housing market insights, data, and forecasting from Zillow’s economists.
Homebuilding Continues to Lose Ground, as Permitting Slips to a Post-Pandemic Low
Completions fell for the third straight year in 2025, and permits are running nearly 20% below their pre-pandemic trajectory
Read article
Insights
Snackable Facts
For every one Zillow listing, there are an average five-and-a-half shoppers
For every one Zillow listing, there are an average five-and-a-half shoppers. This number jumps to thirteen in some Northwest and West Coast markets.
Even at current mortgage rates, the median income household can afford a home in only 12 major markets
While we expect rates to continue to moderate, they’ll likely remain above 6% in the coming year.
58% of recent renters considered buying
58% of recent renters considered buying. Down payment, credit, and product design trends help them figure out how to make the math work—with tools like Buyability.
Forecasts
Market Reports
Housing Data Explorer
Download datasets, view methodology, and explore time series.
Research in your inbox
Get the latest housing data and analysis from Zillow's economists — delivered when the numbers update.
