Five years ago, a median-income household could afford a typical U.S. home. Today, they’re more than $17,000 short, even if they have $73,000 saved for a down payment, a new Zillow analysis found.
Tag: Zillow
Zillow: Homes at Risk of Climate Disaster Total Trillions
Zillow, Seattle, released a study analyzing the value of U.S. homes at major risk of damage from fire, flood or extreme wind.
Zillow Anticipates Buffalo, N.Y., as Hottest 2025 Market
Zillow, Seattle, predicted Buffalo, N.Y. will be the country’s hottest market this year.
Zillow: Activity Poised to Pick Up in 2025
Zillow, Seattle, released its predictions for 2025, forecasting 2.6% home value growth next year and a more active housing market.
Zillow: Middle-Class Americans Must Put Down More Than $127,000 to Afford Monthly Mortgage
A new Zillow analysis shows that to comfortably afford a typical U.S. home, a median-income homebuyer needs to put down nearly $127,750, or 35.4%.
More Than 80% of Home Buyers Consider Climate Risks When Shopping for a Home: Zillow
New Zillow research shows that more than 80% of prospective home buyers consider climate risks as they shop.
Zillow: Younger Generations Believe in Homeownership, But Don’t Know How To Achieve It
The American dream of homeownership is not dead for Generation Z and Millennials, but they believe their path to get there will be challenging and may require some luck, reported Zillow, Seattle.
Homeownership Gender Gap Widening
Women have returned to the workforce in near pre-pandemic numbers, but homeownership remains elusive for those who are single, reported Zillow, Seattle.
U.S. Loses 58 ‘Million-Dollar Cities’ Since July
Zillow, Seattle, said 464 cities in the U.S. have typical home values of $1 million or more. That’s way down from last July, when 522 cities hit the mark.
Zillow: Homes Owned by Black Families Appreciated Fastest During Pandemic
Homes owned by Black families appreciated more than any others since the start of the pandemic, with the typical Black homeowner gaining nearly $84,000 in equity, reported Zillow, Seattle.