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Zillow: Americans Need to Put More Than $127K Down for Typical House

Zillow: Americans Need to Put More Than $127K Down for Typical House

by Phil Hall | Jun 20, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A home buyer making the median income will need to put down nearly $127,750, or 35.4%, to afford a typical U.S. home valued at about $360,000, according to a data analysis from Zillow (NASDAQ:Z, ZG). In some markets, the costs are more burdensome. For example, a...
Zillow: US Needs 4.5 Million Homes to Cover the Housing Shortage

Zillow: US Needs 4.5 Million Homes to Cover the Housing Shortage

by Phil Hall | Jun 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S housing shortage reached 4.5 million homes in 2022, according to a new data analysis from Zillow (NASDAQ:Z, ZG), up from 4.3 million in 2021. Zillow determined there were roughly 8.09 million “missing households” – individuals or families living...
More Homes Are Being Listed, But Where Are the Buyers?

More Homes Are Being Listed, But Where Are the Buyers?

by Phil Hall | Jun 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new data reports have found housing supply is starting to outpace demand, with a surge of new listings being seesawed by a growing deficit of buyers. Zillow (NASDAQ:Z, ZG) is reporting new listings of houses rose by nearly 13% from one year ago, while the level...
Zillow Names Phoenix as the Best Housing Market for New College Graduates

Zillow Names Phoenix as the Best Housing Market for New College Graduates

by Phil Hall | May 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow (NASDAQ:Z, ZG) has dubbed Phoenix as the best housing market for this year’s college graduates. Zillow analyzed the nation’s major metro markets to determine the best combination of rental affordability and concessions, job prospects and a population of...
Report: Nearly One-Quarter of Black Mortgage Applicants are Rejected

Report: Nearly One-Quarter of Black Mortgage Applicants are Rejected

by Phil Hall | May 29, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homeownership rate for Black households has grown faster than average since 2019, though it is still lower than its peak from 20 years ago. According to a new data report from Zillow (NASDAQ:Z, ZG), nearly 46% of Black households own their home, down from its...
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