A new report released by Zillow, Seattle, found that nearly half of U.S. renter households in large metro areas are “rent-burdened.” And, BIPOC renter households are more likely than others to fall into that category.
Tag: Zillow
Zillow Finds Concessions Cool as Spring Rental Season Approaches
Following a winter that saw nearly a third of rental listings offering tenants tempting concessions such as free months of rent or free parking, Zillow, Seattle, said the share of rentals offering perks may have peaked.
Zillow Predicts Improved Affordability, More Homes For Sale in 2024
Zillow, Seattle, predicts home buyers will have a bit more financial breathing room in 2024, although affordability remains a challenge.
Zillow: Rents Climb Modestly in March, Continuing Their Soft Landing
Apartment asking rents climbed 0.5%, or $9, from February to March, reported Zillow, Seattle.
RealPage: Apartment Rent Growth Points to Moderation
Apartment rents reverted to more normal rate in February even as occupancy held at record highs, reported RealPage, Richardson, Texas.
Rent Prices Soar Beyond Pre-Pandemic Projections
A strong and widespread recovery of rents has pushed prices beyond where they would have been had the coronavirus pandemic never occurred, reported Zillow, Seattle.
Owning a Home Cheaper Than Renting in All 50 Top U.S. Markets
The age-old question in real estate: owning versus renting. According to First American Financial Corp., Santa Ana, Calif., for the time being, owning is winning.
Zillow: Apartment Rents Gain Momentum
Apartment rents are gaining momentum and touching double-digit annual gains in hot markets, which could move some renters into the homeownership market, Zillow said in its Monthly Market Report.
Renters Struggle as Income Stagnates, Unemployment Remains High
Renters’ median income growth stopped last year, and more than three million renters who face COVID-19 unemployment carry extreme housing cost burdens, analysts said.
College-Area Rents Slip as Schools Move Online
The rental market has softened across the country during the pandemic, but especially in college neighborhoods, said Zillow, Seattle.