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%.
Tag: Zillow
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.
Homebuyers, Sellers Have Plenty of Market Misconceptions
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.
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: 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.
Home-Selling: It’s in the Metrics
Can algorithms determine the perfect time to list a home in today’s market? And in today’s market, does it even matter? Zillow, Seattle, thinks so.