Tag Archives: Zillow

In addition to high demand for single-family homes, apartments and rental units within driving distance of city centers are selling at a premium.

"Younger homebuyers—mostly Gen Z and Millennials—are especially into the idea of rental income as a key factor in their home buying decisions," said Zillow Senior Population Scientist Manny Garcia.

A new report from Zillow has found that more couples are turning to wedding registries for assistance in buying their first home in lieu of traditional wedding gifts. Read on for details on how many newlyweds are getting creative in their pursuit of homeownership funds.

A new study of all 50 states and D.C. revealed remote workers are flocking to Colorado, due in part to a high ratio of remote homebuying tools such as 3D-tours, virtual walkthroughs, and remote online notarization.

"While all generations juggle trade-offs like budget, floor plans and commute times, younger home shoppers are more likely to face another consideration: They want to know if their home will be safe from rising waters, extreme temperatures and wildfires," said Zillow Senior Population Scientist Manny Garcia.

"A greater relative share of first-time buyers is filling the gap, and they're competing against each other for the limited number of affordable starter homes on the market," said Zillow Senior Population Scientist Manny Garcia.

The average American homeowner was able to purchase their first home at nearly 29 years old, according to a new survey from Shane Co.'s The Loupe. The survey revealed that the average homeowner rents for roughly five years before purchasing a home, while more than 25% of respondents believe it's now impossible to afford a home as a single person in the current housing market.

Continued housing demand and a lack of existing inventory are just two of the forces that make construction-to-permanent loans an ideal opportunity to make up for lost volume in today’s marketplace.

According to Zillow, metros in the Midwest and Northeast experienced the highest increases in home values nationwide, but while all major U.S. markets’ home values inched upward from June to July, nearly half remain down from last year’s levels.

A new Zillow survey reveals that 80% of mortgage holders report having a rate of less than 5%, as over time, homeowners will come to terms with higher rates as commonplace.