Zillow, Seattle, said its analysis found more than $1.7 billion in rent and mortgage payments is owed each month by U.S. service-sector workers currently receiving unemployment benefits as a result of the coronavirus pandemic — payments that could be in jeopardy if expanded local and federal unemployment assistance fades or workers remain without incomes longer than expected.
Tag: Skylar Olsen
Analysts: Missing Spring Home Sales to Disperse over ‘Years’
When the coronavirus pandemic turned the economy upside down, anxiety and uncertainty about the future initially kept many home buyers and sellers at bay. Inventory and sales have picked up over the past month, though, and a panel of housing experts and economists sponsored by Zillow, Seattle, say the U.S. housing market hasn’t lost those missing springtime transactions for good. But it could take years for a full recovery.
Coronavirus Causes Biggest Multifamily Rent Growth Slowdown in Years
Apartment rent prices slowed more in April than in several years when the coronavirus pandemic hit, the April Zillow Real Estate Market Report said.
Housing Finance Roundup
This week has produced more housing finance reports than you can shake a stick at. Here’s a roundup and summary of what’s happening of reports from Ellie Mae; ATTOM Data Solutions; Redfin; Radian Inc.; TransUnion; Black Knight; Zillow; and PayNearMe.
Zillow: Coronavirus-Related Layoffs Threaten Housing Security for Minorities
Latinx, Asian and black workers are disproportionately represented in the food, arts and service industries that have been affected by mass layoffs and furloughs, said Zillow, Seattle.
Homes For Sale at 7-Year Low
Zillow, Seattle, said for-sale homes in the U.S. fell to their lowest point in seven years in December, with no signs of improving any time soon.
‘Million-Dollar City’ Club Grows, But New Entrants Running Dry
Zillow, Seattle, said 11 cities are expected to join the “Million Dollar City” list in 2020—where the typical home value is at least $1 million—but five cities are likely to fall out, with few new entrants expected in coming years.
Forecast: Hottest 2020 Housing Markets in South; California to See Cooldown
Last week, we brought you a story about which U.S. housing markets changed the most over the past decade. Today, we present predictions for 2020’s hottest housing markets, courtesy of Zillow, Seattle.
Home Prices, Values Up; Inventories Down; Credit Scores Improve
Zillow, Seattle, said despite slowing home price growth, home buyers are still feeling the pinch because of low housing inventories and rising rents. In a separate report, Redfin, Seattle, said home price value continued to accelerate, reaching their highest levels since July 2018.
Housing Market Update
Reports from ATTOM Data Solutions, Redfin, Zillow, RE/MAX and Ellie Mae.