Jeff Tucker

The Cost of a Mortgage Is up Nearly 20% Since December

April 25th, 2022
A new report shows the cost of a 30-year mortgage on the typical U.S. home is now 19.5% higher than it was just three months ago, according to the March Zillow® Real Estate Market Report released last week. Despite this,...

Housing Affordability Drops to 15-Year Low Under Prices and Mortgage Rates Surge

June 21st, 2022
If real estate professionals are starting to see more apprehension among buyers in their respective markets, it’s not without reason. According to recent data released by Zillow, buyer demand has retracted in recent months in response to the record-low affordability...

U.S. Nearing 500 Cities With Average Home Values of $1 Million or More

February 16th, 2022
A record 146 U.S. cities were added to the “million-dollar cities” club in 2021, according to a new report from Zillow. This increase brings the national total to 481 cities with typical home values starting at at least $1 million. At this...

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