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Millennials going over budget to buy homes

Posted by   /  September 28, 2017  /  Real Estate  /  No Comments

The 2017 Zillow Group Report explores affordability challenges facing renters and a first look at post-millennial Generation Z’s housing patterns. Builder Millennials poured some $514 billion into the U.S. housing market over the last year as the largest generation of home buyers, Zillow reported Wednesday. But new survey data shows their home-ownership aspirations are stymied […]

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A majority of U.S. households could – in theory – afford to buy a $300K, newly built home

Posted by   /  September 20, 2017  /  Real Estate  /  No Comments

By Skylar Olsen | Zillow Qualifying for a loan to buy a $303,000 home – without violating 43 percent debt-to-income ratio rules – would require a minimum estimated annual income of $45,360. Almost 60 percent of U.S. households earn that much. Roughly 68.8 million households theoretically earn enough to purchase a $300,000 home. That number drops […]

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Demand for house rentals intensifies

Posted by   /  September 15, 2017  /  Real Estate  /  No Comments

By Suzanne De Vita | Rismedia Apartment rents are appreciating less than house rents, thanks to shifting demand for single-family rentals, according to a recent analysis by Zillow. Apartment rents nationally increased a median 0.5 percent, to $1,551, year-over-year—relatively flat—while house rents increased 1.3 percent to $1,404. Several colliding factors are driving the trend, says […]

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Is major RESPA battle between Zillow and CFPB imminent?

Posted by   /  September 14, 2017  /  Real Estate  /  No Comments

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By Brena Swanson | Housingwire More than a month has gone by since Zillow last gave an update on the Consumer Financial Protection Bureau’s investigation into its practices, causing at least one analyst to question the likelihood the two parties will be able to reach a settlement. And if no settlement is reached, the industry should ready itself for one of the biggest […]

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Single family rentals getting more pricey

Posted by   /  September 13, 2017  /  Real Estate  /  No Comments

Zillow finds paucity of inventory is driving rents up. Builder Rental houses have been in high demand since the housing market crashed, but a lack of supply has made renting those homes more expensive, according to a new Zillow® analysis released Tuesday. While rents for both houses and apartments have slowed significantly over the past […]

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Home is where the wealth is

Posted by   /  September 7, 2017  /  Real Estate  /  No Comments

Zillow study finds home owners who stay put for 71/2 years net a 24% return on investment. Builder Holding onto your home for a long period of time over the last decade meant a serious return on investment, especially in some of the nation’s hottest housing markets. According to a new Zillow®analysis, out Wednesday, Oakland, […]

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‘Zestimates’ wreak havoc for buyers and sellers

Posted by   /  August 31, 2017  /  Real Estate  /  No Comments

By Stacey LyKins |  Ahwatukee Foothills News “Zestimates” are one of a Realtor’s worst nightmares. Zestimates are rarely accurate. It is such a problem that “CBS This Morning” recently just did a piece on them. Co-host Norah O’Donnell asked the chief executive of Zillow about the accuracy of the website’s automated property value estimates, known as Zestimates, […]

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Even affordable rentals are too expensive for lowest income

Posted by   /  August 30, 2017  /  Real Estate  /  No Comments

home rentals

By Suzanne De Vita | RisMedia Housing in major metropolitan areas is moving beyond the means of many, with renters, especially, burdened by rising rents and standstill wages. Affordability has become so strained, according to a recent analysis by Zillow, that even cheap rentals are out of reach for the very segment they’re priced for. Researchers at […]

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‘Favorited’ homes sell faster for more money

Posted by   /  August 23, 2017  /  Real Estate  /  No Comments

Zillow study finds when more people save a home as a favorite, the quicker it goes off the market. Builder Apparently, “favoriting” is now a word. It’s what home shoppers do on Zillow. As bad as it is for the English language, it is good for home sellers. According to a new Zillow analysis, homes with […]

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Million-dollar neighborhoods proliferate; see how Phoenix stacks up

Posted by   /  August 18, 2017  /  Real Estate  /  No Comments

Areas where at least 10% of homes are worth seven figures jump by more than 30% since 2014. Nearly one in 20 residential ZIP codes meets Zillow’s definition of a $1 Million Neighborhood, meaning at least 10% of the homes there are worth seven figures, according to a new Zillow® analysis. There are 346 new $1 […]

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