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.
Tag: Zillow
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.
Housing Market Roundup: Apr. 5, 2022
Here’s a summary of recent housing market and economic reports that came across the MBA NewsLink desk:
Million-Dollar Cities Club Gets 146 New Members
Zillow, Seattle, reported a record 146 U.S. metros became new “million-dollar cities” in 2021, making 481 cities in which the typical home value is at least $1 million.
Despite Record Low Rates, Most Homeowners Pass on Refinancing
A Zillow survey of more than 1,300 homeowners found despite record low interest rates, more than three-fourths of respondents passed up the opportunity to refinance their mortgage.
Pandemic Year Brings Huge Surge in ‘Million-Dollar Cities’
Move over, San Francisco Bay Area and New York City; you’ve got company—lots of it.
Zillow: Racial Home Value Disparities Shrinking, But Persist
Zillow, Seattle, said typical values for Black- and Latino-owned homes still lag behind overall U.S. home values, but the gap is narrowing.
Reports Cite ‘Disproportionate’ Housing Impacts for Women, Minorities
Women and minorities still face “disproportionate” housing impacts, two new reports said.
Zillow: Newly Unemployed Service Workers Owe $1.7 Billion/Month in Housing Payments
Zillow, Seattle, said its analysis found more than $1.7 billion in rent and mortgage payments is owed each month by U.S. service-sector workers currently receiving unemployment benefits as a result of the coronavirus pandemic — payments that could be in jeopardy if expanded local and federal unemployment assistance fades or workers remain without incomes longer than expected.