On Wednesday, Zillow will release data on the effects international buyers have on the higher end of the housing market. A related report said foreign born homebuyers helped ...
Read More »What’s Keeping Homeowners from Moving?
According to a recent report, if American homeowners moved at the same rate they did in 1990, there would have been about 2.8 million more homes sold in 2016. This would solve the ongoing inventory problem, but the fact is Americans just aren’t moving, for a number of reasons. The report cites three possible reasons for a non-moving population: an aging population, pockets of high negative equity, and an increase in single-family rentals.
Read More »Orlando Best for First-time Buyers
Orlando is the single best spot for first-time homebuyers, according to a new analysis. Tampa took the No. 2, followed by other cities in the Southeast and Midwest. The analysis took into account median home value, forecasted values, inventory, and other factors.
Read More »Summer’s Not Just for Sellers
New data shows that August is the best time for homebuyers. According to recent analysis, housing inventory is up significantly by the end of summer, causing many sellers to reduce their listing price. In fact, buyers who wait until late summer may actually pay less than if they’d bought during other times of the year.
Read More »Most Renters Can Buy Without Monthly Increase
The average American renter can now purchase a home more expensive than the nation’s median home value, while keeping their monthly housing budget the same. This was true in 37 out of 50 markets analyzed. The current national median rent is $1,416 per month—just enough to handle the monthly costs of a property valued at $289,505, including property taxes, maintenance, and insurance payments.
Read More »Home Prices in Some ZIP Codes Average Seven Figures
Notoriously expensive New York state ranks high on the list, but surprisingly, New York’s most expensive ZIP code is not in Manhattan.
Read More »Suburban Areas Prove to be More Cost Efficient on Average
The cost of living for families with children in the city compared to the suburbs is averaging close to $9,000 more.
Read More »The Best Time to Sell is Spring, Report Says
According to Zillow, homes listed in late spring lead to quicker and more lucrative sales in 20 of the 25 largest metro areas—find out why.
Read More »Rising Interest Rates and Lack of Inventory Concern Homebuyers
Higher interest rates have caused some prospective homebuyers to consider buying a smaller home or a home in a less affluent neighborhood.
Read More »The Nation’s Top Appreciating Markets
California is no longer in the lead for rising home values. Markets in Texas, Florida, and Tennessee make this year’s list for the fastest appreciation rates in the country.
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