Tag Archives: Zillow

Eased credit access is allowing more people to be eligible for mortgage loans, especially among middle-income blacks and Hispanics, but despite the uptick, they still lag behind in the housing market recovery.

Home prices are not the only determining factor when looking at affordable living options. In fact, markets with cheapest homes are not necessarily always the most affordable.

Housing market home values are leveling off, but there are still a few markets that are struggling to escape recession times, according to Zillow's August Real Estate Market Report.

Although many homeowners feel confident in the current state of the market, they are a bit more uncertain about the future, Zillow’s Housing Confidence Index.

Getting a mortgage has been progressively getting easier since 2012, however the first few months of this year indicate that credit is tightening and obtaining a mortgage is no easier than it was a year ago.

Home prices in the U.S. rose 1.2 percent in the second quarter of 2015 for the 16th consecutive month, while home values lowered in July for the first time in four years.

First-time homebuyers in the market today are waiting longer periods of time to purchase a home and are less likely to be married compared to first-time buyers in the 1970s and 1980s, according to a Zillow analysis released Monday.

Zillow recently announced that Dr. Svenja Gudell has been promoted to Zillow’s chief economist, while former chief economist, Dr. Stan Humphries, has expanded his role to become Zillow Group chief analytics officer and chief economist.

Low inventory in the housing market has increased competition among home shoppers. According to the first quarter Zillow Real Estate Market Report, there were fewer homes for sale in June than one year ago and much of the decline came from the lowest-valued homes sought by first-time homebuyers.

Zillow's Breakeven Horizon analysis determined that homebuyers who made the biggest financial gains over the last decade entered the market at its lowest point. The analysis found that homeowners can still break even on a home purchase in less than two years, even while many buyers who bought 10 years ago have not broke even.