Apartment rent prices slowed more in April than in several years when the coronavirus pandemic hit, the April Zillow Real Estate Market Report said.
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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.
Analysis: More Gen Zers Than Millennials Will Own Homes
Even as Millennials age into their prime home-buying years, they’re still not keeping up with past generations, said Zillow Inc., Seattle. Furthermore, the analysis said, Gen Z could end up overwhelming Millennials in homeownership competition.
Zillow: Shrinking Homes, More Stable 2020 Housing Market
After “extraordinary” home value growth characterized by a strong housing market in 2017 and 2018, Zillow, Seattle, said 2020 should shake down more like 2019–with the market stabilizing near historic norms.