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Zillow Research

New York City

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.