Median home sale price in US rises to record high as transactions dip
The median sale price for an existing home in the US has grown to a whopping $419,300 — the highest since NAR began tracking the metric — following 11-consecutive months of price gains
by Ben Verde Jun 21
Housing starts plunge 19% in May as homebuilders act with caution
Construction starts on new housing units dropped 5.5% to a seasonally adjusted annual rate of 1,277,000 —  19.3% lower than levels in May 2023, according to US Census data released Thursday
by Ben Verde Jun 20
St. Louis, The Arch, Missouri
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
by Ben Verde Apr 5
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
by Marian McPherson Oct 4
New builds drive surge of more than $2.6T in housing market value
The value of US housing has reached a new peak of slightly under $52T in the past year and is up 49% from the start of the pandemic, according to Zillow
by Ben Verde Sep 27
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% of the area median income
by Matt Carter Aug 25
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
by Matt Carter Aug 9
Summer Cooldown: New homes will offer a lifeline for some agents
Three leading economists share what's ahead for the summer, from the continued struggle with mortgage rates to a resurgence in bidding wars and the gift of new-home sales that keeps giving
by Marian McPherson Jul 5
US needs 4.3M homes to close the affordability gap: Zillow
During 2021, there were 8M 'missing households' across the country — families without homes of their own — compared to just 3.7M housing units available for rent or sale, according to Zillow
by Ben Verde Jun 22
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
by Ben Verde Apr 10
‘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
by Marian McPherson Mar 15
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
by Ben Verde Dec 8