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.
Tag: Zillow
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.
Industry Briefs Oct. 27, 2020
Stewart Appraisals Management Inc., Houston, announced its acquisition of Pro-Teck Services Ltd., DBA Pro Teck Valuation Intelligence.
Housing Market Roundup
It’s been a busy week here, with the Mortgage Bankers Association’s Annual Convention & Expo wrapping up. Here is a summary of some key housing market reports that took place over the past week. A major theme: tremendous housing market resiliency amid continued economic turmoil.
Bidding Wars Intensify for Entry Level Homes
Redfin, Seattle, said bidding wars eased up slightly in September, but more than half of properties saw competitive bids. A separate report from Zillow, Seattle, showed the most intense competition was for entry level homes.
Latinx Americans Driving U.S. Homeownership Gains, But Roadblocks Persist
“Remarkable growth” this past half-decade has boosted the share of Latinx households in the U.S. that own their home to its highest since the Great Recession, said Zillow, Seattle. However, despite these encouraging signs, roadblocks remain on the path to equitable housing.
Reports Cite ‘Disproportionate’ Housing Impacts for Women, Minorities
Women and minorities still face “disproportionate” housing impacts, two new reports said.
Housing Market Roundup, Oct. 6, 2020
Here are summaries of the latest housing finance reports, from Black Knight; Redfin; Zillow; and Morning Consult.
Monday Report: Red-Hot Housing Markets and a Time-Capsule Survey
This morning’s Monday Report features stories that confirm the housing markets remain hot, regardless of location or political preference; what that might mean for down payments; and a housing survey that, thanks to the coronavirus pandemic, was obsolete the moment it was released.
College-Area Rents Slip as Schools Move Online
The rental market has softened across the country during the pandemic, but especially in college neighborhoods, said Zillow, Seattle.