Amid a volatile and rapidly changing housing market, many homebuyers and home sellers have unrealistic expectations about their prospects, according to a Zillow survey of real estate agents.
Tag: Zillow
Housing Market Roundup Oct. 20, 2022
Here’s a summary of housing market reports that came across the MBA NewsLink desk this week:
Zillow: First-time Home Buyers Return Despite Affordability Challenges
Zillow, Seattle, reported first-time home buyers have returned to the housing market–and those who can afford a home are finding success after years of setbacks.
Analysis: Flood Risks Having Growing Influence on Home Buyers
Zillow, Seattle, in partnership with ClimateCheck, reported areas with increased flood risk also see an increase in mortgage denials and in would-be borrowers withdrawing their mortgage applications, even after controlling for income and property value.
Zillow: Expect a Buyers’ Market Before Year-End 2023
Sky-high mortgage costs are driving down competition among home shoppers, and a buyers’ market could emerge by year-end 2023, experts surveyed by Zillow said.
Housing Market Roundup Sept. 22, 2022
Here’s a quick summary of housing/economic reports that recently came across the MBA NewsLink desk:
‘Shrinkflation’ Hits Million-Dollar Homes
Sales of homes million dollar-plus homes have more than doubled over the past three years, but as with groceries, buyers are getting less than they used to, said Zillow, Seattle.
Housing Market Roundup Aug. 22 2022
Here’s a quick summary of housing/real estate finance articles that have come across the MBA NewsLink desk:
Zillow: Lowest-Priced Homes Attract Strongest Competition
As home-buying demand cools from last year’s record pace, competition is now hottest for the lowest-priced homes as affordability obstacles stretch buyers’ budgets, said Zillow, Seattle.
Zillow: Lower Credit Score Homebuyers Pay $104,000 More in Mortgage Costs
Elevated home prices and rising interest rates are feeding into housing affordability woes for potential buyers–especially those with lower credit scores–reported Zillow, Seattle.