Mortgage rates fell to record lows just as Spring home shopping season began, but early signs point to a slowing market due to COVID-19 uncertainty, said Zillow, Seattle.
Tag: Jeff Tucker
Zillow: Home Value Growth Ends 21-Month Slowdown
First the good news: Zillow, Seattle, reported after a nearly two-year slowdown, year-over-year home value growth rose in February. The typical home value in the U.S. is now $247,084, a 3.9% increase from a year ago, according to the February Zillow Real Estate Market Report.
The Best Time to Sell a House? There’s Data for That
With the spring home-buying season well underway, it raises a question: is there a best time to sell a house? According to Zillow, Seattle, the answer is yes—depending on need.
Zillow: Home Value Growth Expected to Re-Accelerate Just in Time for Home Shopping Season
Zillow, Seattle, reported annual U.S. home value growth slowed for the 21st consecutive month in January—but that’s not the headline.
Encouraging Signs for Black, Latinx Homeownership Rates
After hitting historic lows during the Great Recession, African American homeownership in the U.S. has rebounded promisingly, said Zillow, Seattle, marking what it suggested was “perhaps the start of a recovery.”
Encouraging Signs for Black, Latinx Homeownership Rates
After hitting historic lows during the Great Recession, African American homeownership in the U.S. has rebounded promisingly, said Zillow, Seattle, marking what it suggested was “perhaps the start of a recovery.”
Homes Sold Above List Price Fall to 3-Year Low; Luxury Homes Pick Up
Zillow, Seattle, said the share of U.S. homes that sold for more than their list price in 2019 fell to 19.9%, the lowest annually since 2016.
Where Home Buyers are Searching for Homes–And What They Want Nearby
Two reports shed light on home buyer hot spots–and what’s attracting them to those areas.
Zillow: Recovery Added $11.3 Trillion to U.S. Housing Value over Past Decade
Zillow, Seattle, said the total value of every home in the U.S. reached $33.6 trillion at the end of 2019, nearly as much as the GDP of the two largest global economies combined–the U.S. ($20.5 trillion) and China ($13.6 trillion).
Industry Briefs
The Tennessee Mortgage Bankers Association is providing up to $10,000 in college scholarships for 2020, its 60th anniversary year.