Zillow, Seattle, said the homeownership rate for Black households has grown faster than average since 2019, but it remains below the high-water mark reached in 2004, before the Great Recession.
Tag: Zillow
Zillow: Number of Rent-Burdened Households Significant; BIPOC Renters Most Affected
A new report released by Zillow, Seattle, found that nearly half of U.S. renter households in large metro areas are “rent-burdened.” And, BIPOC renter households are more likely than others to fall into that category.
Zillow Finds Concessions Cool as Spring Rental Season Approaches
Following a winter that saw nearly a third of rental listings offering tenants tempting concessions such as free months of rent or free parking, Zillow, Seattle, said the share of rentals offering perks may have peaked.
Zillow Finds Early Home Shopping May Pay Off
Both buyers and sellers should prepare for a competitive home shopping season this spring. Zillow’s latest market report shows that well-priced homes are being sold quickly, while those that linger on the market are seeing their asking prices cut.
Zillow: Home Buyers Need to Earn $47,000 More Than in 2020
Home shoppers today need to earn more than $106,000 to comfortably afford a home, a new Zillow analysis found.
Zillow Predicts Hottest Major Housing Markets for 2024
Zillow, Seattle, ranked what it anticipates will be the hottest major housing markets this year, with Buffalo, N.Y., claiming the top spot.
Zillow Predicts Improved Affordability, More Homes For Sale in 2024
Zillow, Seattle, predicts home buyers will have a bit more financial breathing room in 2024, although affordability remains a challenge.
Zillow: Monthly Mortgage Costs on Typical Purchase Down 1.5% in November
Zillow, Seattle, found in its latest market report that the monthly mortgage costs on a typical home purchase fell 1.5% from October to November–down from an October peak with costs up 9% annually and 120% over pre-pandemic rates.
Zillow: Buyer Demand Hanging Tough Despite High Rates, Seasonal Cooldown
Low inventory levels are spurring surprisingly strong housing market competition despite mortgage rates reaching 23-year highs, according to Zillow, Seattle.
Happy Halloween: Two-Thirds of Prospective Buyers Report Being Open to Haunted Houses
Zillow, Seattle, conducted a new survey delving into prospective buyers’ willingness to purchase a haunted house, finding 67% report they could be convinced to buy a haunted house if it had the right features, location or was more affordable, among other factors.