Housing Affordability

Half of Homes Past Pre-Recession Values

July 31st, 2018
Half of the homes—50.4 percent—in the nation are past their peaks prior to the recession, with 21 of the 35 largest markets at the milestone value, according to the June Zillow® Real Estate Market Report. Based on the Zillow Home...

Affordability Challenges Keep Millennials on the Sidelines

August 7th, 2018
Affordability is fading fast—and although millennials are eager to enter the market, and succeeding, they’re bearing the brunt of the challenge, according to recent research. Sixty-three percent of millennials under 29 are challenged by the cost of homeownership, according to...

NAHB: Affordability Hits Lowest in 10 Years

August 18th, 2018
Affordability has hit its lowest in 10 years, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunities Index (HOI) for the second quarter of 2018. Approximately 57 percent of homes sold in the second quarter were affordable...

Drought Intensifies for Starter Supply

May 1st, 2018
There is all-but-dried up inventory on the market—and, for buyers at the entry level, any available homes are likely priced out of reach, according to the March Zillow® Real Estate Market Report. “This year’s home-shopping season is shaping up to...

Appreciation at Quicker Pace, Up 5.7 Percent

May 14th, 2018
Appreciation grew quicker in the first quarter of 2018, up 5.7 percent year-over-year, according to the latest quarterly report by the National Association of REALTORS® (NAR). “The worsening inventory crunch through the first three months of the year inflicted even...

Midyear Update: Flat Forecast for Home Sales This Year

May 20th, 2018
For the foreseeable future, the housing market will be plagued by scarce supply, according to presenters at the 2018 REALTORS® Legislative Meetings & Trade Expo, held recently in Washington, D.C. With the economy and employment encouraging growth, home sales will...

Appreciation Today Is Mirroring the Pre-Recession Sprint

May 29th, 2018
Appreciation currently is at its fastest since June 2006, just ahead of the downturn, according to the April Zillow® Real Estate Market Report. Nationally, the median price is $215,600, growing at an 8.7 percent rate year-over-year, according to the Zillow...

Harvard: Crawl in Incomes Led to Unaffordability

June 26th, 2018
Over the course of the past 30 years, Americans’ earnings and the economy have been on parallel paths, but at mismatched strides. Now, homebuyers are paying for it. Affordability continues to be a headwind for housing, according to the Harvard...

Rents Stir Up to Sustainable Trend

July 5th, 2018
Appreciation heated up on rentals this spring, with the May median monthly rent totaling $1,440, an increase of 2.1 percent year-over-year, according to the May Zillow® Real Estate Market Report. Last May, the increase in median rent was 0.7 percent....

Demand Expands to Hot Inland Markets

July 8th, 2018
California’s domination as the hottest housing state is weakening, as other affordable markets trend up, according to the latest ranking by realtor.com®. California dipped out of the top five markets for the first time in six years, with the Bay...
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