Tag Archives: Orphe Divounguy

This is the best city for first-time buyers, according to Zillow

By | | Uncategorized
Comments Off on This is the best city for first-time buyers, according to Zillow

First-time homebuyers made up half of all homebuyers in St. Louis in 2023, according to Zillow. That’s the highest share the city has seen since at least 2017. Continue reading →

Intel unpacks the startling price of entry into the US housing market

By | | Uncategorized
Comments Off on Intel unpacks the startling price of entry into the US housing market

Economists, homeowners and agents broke down the alarming but true cost of buying property in 2023, telling Intel that rising rates and home prices are only the start for wallet-stretched buyers. Continue reading →

New builds drive surge of more than $2.6T in housing market value

By | | Uncategorized
Comments Off on New builds drive surge of more than $2.6T in housing market value

The value of U.S. housing has reached a new peak of slightly under $52 trillion in the past year and is up 49 percent from the start of the pandemic, according to Zillow. Gains were driven in large part by an increase in new construction. Continue reading →

Zillow is the latest lender to offer a 1% down purchase mortgage

By | | Uncategorized
Comments Off on Zillow is the latest lender to offer a 1% down purchase mortgage

UWM and Rocket Mortgage are also leveraging Fannie Mae and Freddie Mac programs tailored to borrowers earning less than 80 percent of the area median income. Continue reading →

Even amid high rates, buyers have more options than they realize

By | | Uncategorized
Comments Off on Even amid high rates, buyers have more options than they realize

Loan officers and assistance programs are just 2 ways to close the knowledge gap, Zillow Senior Economist Orphe Divounguy and Rocket President Tim Birkmeier said Wednesday at Connect. Continue reading →

Summer Cooldown: Newly built homes will offer a lifeline for agents

By | | Uncategorized
Comments Off on Summer Cooldown: Newly built homes will offer a lifeline for agents

Three leading economists share what’s ahead for the summer, from sellers’ continued struggles with mortgage rates to the resurgence of bidding wars and the gift of new-home sales. Continue reading →

US needs 4.3M homes to close the affordability gap: Zillow

By | | Uncategorized
Comments Off on US needs 4.3M homes to close the affordability gap: Zillow

During 2021, there were 8 million “missing households” across the country — families without homes of their own — compared to just 3.7 million housing units available for rent or sale, according to Zillow. Continue reading →

Zillow unveils affordability tool that prioritizes buyers’ monthly budget

By | | Uncategorized
Comments Off on Zillow unveils affordability tool that prioritizes buyers’ monthly budget

Announced on Monday, the new filter enables users to search for homes within a range of monthly mortgage payment prices that fit their budget, instead of just listing prices. Continue reading →

‘Just a freakish bit of data’: Sticker shock imperils spring home demand

By | | Uncategorized
Comments Off on ‘Just a freakish bit of data’: Sticker shock imperils spring home demand

Economists revealed to Intel how mortgage rates and inflation will bring the spring homebuying market back toward historical norms and become the new sales benchmark for years to come. Continue reading →

The top 10 friendliest US cities for first-time homebuyers right now

By | | Uncategorized
Comments Off on The top 10 friendliest US cities for first-time homebuyers right now

What’s the matter with Kansas? Not a thing as Wichita shot to the top of Zillow’s analysis of the 10 friendliest cities for first-time homebuyers on Thursday. Midwestern cities fared well overall. Continue reading →