Tag Archives: Zillow

According to new data, homeownership costs about $9,000 year—not including mortgage payments. Could this put buyers at risk of foreclosure if they’re not properly prepared?

Though the share of underwater borrowers has fallen for 20 straight quarters, data released today begs an interesting question. Could the days of decline be coming to a close?

When employers quantify their satisfaction with their CEOs in a customer service heavy industry, how do mortgage professionals and servicers compare to leaders in other industries? What are the criteria to building a successful business and keeping your employees happy? Two industry CEO’s made a recently released top 100 list, and one shares his view to the future.

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.

New data shows inventory is down 5 percent over the year, with the biggest decreases in Minneapolis, Columbus, and Seattle. Home values are up 6.8 percent year-over-year, hitting $196,500 for the month of March. Values appreciated most in Tampa, Dallas, and Seattle.

The rise in mortgage rates is attributed to the anticipation of a possible federal rate hike next week.

Half of those remaining underwater owe at least 20 percent more than their homes are worth.

See the cities that are leading the sellers market, and when experts predict the market will change to one that favors buyers.

The combined value of homes in America is more than the combined GDP of two of the world’s largest economies, according to one analysis.  

Zillow Senior Economist Skylar Olsen spoke with DS News about housing trends that have quickly changed in the past few weeks, and election results may be the catalyst.