Countless case studies have established a connection between education and homeownership: generally, college graduates are more likely to own a home than non-graduates. A new study out of Trulia now shows that career stage, level of education and location can have varying degrees of influence on homeownership rates. Being college-educated typically boosts earning potential, which […]
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Listing inventory is taking a critical hit, with 9 percent fewer for-sale homes on the market now than one year ago, a slump not seen in four years, according to the May Zillow® Real Estate Market Reports. The Columbus, Ohio, San Jose, Calif., and Minneapolis, Minn., markets have seen the steepest declines, at around 30 […]
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Many upper-middle class households with young children are caught between an inability to afford childcare and an inability to sustain on one less income with a stay-at-home parent—a predicament that has a driving force on their housing decisions. According to the Zillow Housing Aspirations Report (ZHAR), many upper-middle class households choose to put down roots […]
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First-time homebuyers up against high prices this spring could have a better chance of staying in-budget in the Sunshine State, where homes are still relatively affordable, according to a recent Zillow analysis. Orlando and Tampa took the No. 1 and No. 2 spots, in order, in its ranking of the best housing markets for first-timers, […]
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It’s a seller’s market out there, and for homebuyers, the struggle this spring is real: few affordable options, and price growth that just won’t quit. Another issue’s working against them, too: timing. According to a recent analysis by Zillow, the best time for buyers isn’t spring, but summer—the end of summer, that is. Why? There’s […]
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Zillow Group’s RealEstate.com officially launched Tuesday, offering homebuyers a search experience that presents the total cost associated with owning a home. Zillow Group first announced the new brand in March, stating it will source listings for the site directly from brokerages, franchises and MLSs. On RealEstate.com, buyers have the ability to search for a home […]
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The homeownership rate clung to 63.6 percent in the first quarter of 2017, virtually unchanged from 63.7 percent the quarter prior and 63.5 percent the year prior, according to the U.S. Census Bureau’s recent Quarterly Housing Vacancies and Homeownership report. Will it ever budge? The answer, potentially, lies in a different statistic. An analysis of […]
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Rents are so high that the average renter could buy a home worth approximately 50 percent more than the median home value without spending any more money, according to a recent analysis by Zillow. The national median rent, $1,416, is enough to cover the monthly expense (including insurance, maintenance and taxes) of owning a home […]
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For Wyllys Mann, director of Strategic Innovation at Baird & Warner, an independent real estate firm serving the greater Chicagoland area, the decision to partner with Zillow Group to improve and enhance the brand’s online presence—as well as that of their 2,200-plus agents—was not only a no-brainer, but one that’s proven to be advantageous across […]
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Rent growth is crawling at its slowest pace in five years, with rents up nationwide just 0.7 percent year-over-year, according to the recently released March Zillow® Real Estate Market Reports. Notably, rent growth in the West, which has led appreciation, is stalling. The median rent is now $1,408. Zillow Chief Economist Dr. Svenja Gudell attributes […]
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