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.
Tag: Zillow
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.
Zillow: Housing Gains Could Grow Black Wealth More Than $500B in a Decade
Zillow, Seattle, said incremental increases in homeownership rates and home values among Black households would help shrink the current $3 trillion racial wealth gap by hundreds of billions of dollars over the next decade.