San Jose, California, took the top spot on Zillow’s annual survey of the hottest housing markets in 2019 for the second year in a row as tech jobs continued to drive workers to Silicon Valley. Continue reading
Federal workers either not being paid or currently furloughed as a result of the government shutdown are estimated to owe approximately $438 million in mortgage and rent payments this month. Continue reading
The stock market bounced back Wednesday, erasing Monday’s losses but still left markets down compared to a month ago. Continue reading
New residential home sales dropped 8.9 percent in October, falling to a new two-year low, according to a new residential sales report released Wednesday. Continue reading
The situation in many markets across the country has begun to change: Home sales are slowing down and so too is the momentous price growth seen just a few months or years ago. Continue reading
Conventional wisdom suggests the market will continue to favor sellers, at least for another year, but Douglas Elliman President Scott Durkin has another name for it: Opportunity. Continue reading
The nationwide median rent in August remained unchanged year-over-year for the first time since 2012, according to Zillow’s latest housing data survey. The median rent is actually lower than it was in August 2017, in 19 of the nation’s 35 largest housi… Continue reading
And though still well below the historical average of 21.2 percent, the income-to-mortgage ratio has not been this high since 2009, in the wake of the financial crisis (leading up to it, the income-to-mortgage ratio spiked past 20 percent). Continue reading
The industry may not see a buyer’s market until at least 2020, according to the majority real estate economists surveyed by Zillow and Pulsenomics LLC. Continue reading
Two-thirds of major American cities saw more property listings cut in price now than they did during the same period in 2017, according to Zillow. Continue reading