Move over, San Francisco Bay Area and New York City; you’ve got company—lots of it.
Tag: Zillow
Renters Struggle as Income Stagnates, Unemployment Remains High
Renters’ median income growth stopped last year, and more than three million renters who face COVID-19 unemployment carry extreme housing cost burdens, analysts said.
Zillow: Racial Home Value Disparities Shrinking, But Persist
The Zillow analysis said homes owned by Black and Latino households are worth 16.2% and 10.2% less, respectively, than the typical U.S. home — gaps that have closed by about 4 percentage points from their widest points following the Great Recession.
Housing Market Roundup, Dec. 24, 2020
It’s almost the end of a year many of us would like to forget—unless, of course, we’re a mortgage banker. Here’s a summary of a plethora of reports that crossed the MBA NewsLink desk in the past few days:
Housing Market Roundup
So much news, so little time and space. The end of the year seems to bring out the volume in housing market reports, so here are a couple paragraphs each on some of the latest reports to come across our desks:
Housing Roundup Nov. 23, 2020
Here’s a quick hit on several recent housing and real estate finance reports.
Generation Z Renters Moving On Up
More young adults are returning to the rental market reported Zillow, Seattle.
Housing Market Roundup Nov. 16, 2020
Redfin, Seattle, said popular second-home destinations including the Jersey Shore, Cape Cod, Lake Tahoe, Palm Springs and Bend, Ore., are heating up and becoming full-time residences for homebuyers who have the luxury of working remotely.
For Many, Despite Low Mortgage Rates, Down Payments Out of Reach
Even though mortgage affordability has improved since 2018 because of ultra-low mortgage rates, home values have grown at nearly twice the rate of incomes over the past six years, said Zillow, Seattle, making saving for a down payment—particularly for first time buyers—a challenge.
Housing Market Roundup
In this edition of the MBA NewsLink Housing Market Roundup, we look at the latest FHFA Strategic Plan; how consumers are altering their home buying and home selling plans during the coronavirus pandemic; why housing affordability might be at a “tipping point;” how the coronavirus is driving down inventories; and how political preferences are having an effect on where people choose to live–or even stay in America.