Tag Archives: Zillow

A new Zillow report forecasts Charlotte, North Carolina as 2023’s hottest market. Here’s what else their data reveals.

A combination of declining home values and lower mortgage rates brought down average mortgage payments by $100.

The Midwest did not experience the same price surges other areas of the country have experienced since the beginning of the pandemic.

As many would-be home sellers are holding onto their existing homes, properties are now staying on the market longer according to the latest Zillow analysis, leaving sellers to try and draw in homebuyers with attractive listings and price drops.

Home sales in September saw a significant dip compared to August, decreasing about 30% lower than the same time last year. While inventory is up just 3%, numbers remain nearly 40% below 2019 levels.

The share of first-time homebuyers rose in August, posting a strong year-over-year gain that brought market share up to pre-pandemic levels.

While 75% of Americans predict a recession within two years, their primary concern at the moment is continuing high home prices.

Areas with a higher risk of flooding are seeing an increase in the rate of mortgage application denials and withdrawals, while risks associated with other climate events are having little impact on mortgage lending in those areas.

“Those still able to afford homeownership are quickly regaining lost leverage, but this shift to a more balanced market is still in its early stages," said Nicole Bachaud, Senior Economist at Zillow.

According to a new Zillow report, finding and landing a rental is stressing Americans out nationwide. The typical monthly rent in the U.S. has soared to a record high of $2,031, and the latest Zillow survey reveals just how tired ...