Housing affordability improvements brought on by historically low mortgage rates and dampened rent growth are “quickly evaporating” as home prices and rents rise faster than incomes, said Zillow, Seattle.
Tag: Zillow
Inventory Jump Could Give Home Buyers Welcome Relief
Zillow, Seattle, reported housing inventory saw “significant recovery” for the second straight month in June, indicating the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favor.
New Homeowners Can Spend Nearly $30K on Unexpected but Common Projects
For most homeowners, buying a home involves more than a mortgage. Research from Thumbtack, San Francisco, and Zillow, Seattle, said a typical for-sale home could need as much as $30,000 in work—which, for some buyers, particularly millennials—might result in unexpected expense.
Saving for Down Payment Tougher for First-Time Home Buyers
Starter home prices are growing nearly seven times faster than renter incomes, making what was likely already the biggest challenge for first-time home buyers ― saving for a down payment ― even more difficult. But there is good news for today’s first-time buyers, said Zillow, Seattle.
Despite Record Low Rates, Most Homeowners Pass on Refinancing
A Zillow survey of more than 1,300 homeowners found despite record low interest rates, more than three-fourths of respondents passed up the opportunity to refinance their mortgage.
Zillow: Inventory Rebounds Amid Record Home Value, Rent Growth
Zillow, Seattle, said continued torrid growth in the housing market paired with a long-awaited bump in inventory in May,
Industry Briefs June 15, 2021
The Federal Housing Finance Agency issued a Request for Input on executive compensation at its regulated entities: Fannie Mae and Freddie Mac and the Federal Home Loan Banks.
Industry Briefs June 4, 2021
Zillow, Seattle, said Asian-headed households in the U.S. grew by 83% in the past two decades, far exceeding Latinx, Black, and white household growth. But that broad success masks major challenges to homeownership in the highly diverse community.
Housing Market Roundup: May 20, 2021
Here is a summary of recent housing and housing finance reports.
Industry Briefs May 13, 2021
DiversityInc announced its annual list of the Top 50 Companies for Diversity, which serves as a benchmark of how the largest employers in U.S. are doing when it comes to hiring.