Global Market Update | Home Prices Record Slower Growth

According to the recently published Global Residential Cities Index by Knight Frank, the global house price index increased by 6.1 percent in the year to June 2017. This is down from 6.9 percent in the previous quarter. This is the first decline in the index since 2016. The number of cities...

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How The Laws of Economics Are Starting to Weigh Down Housing

ECONOMICS OF HOUSING | MAKING AN IMPACT Unit sales are down. Price increases are flattening out. The pending sales index is down. Each is a sign that the laws of economics are starting to weigh on the housing market. We saw this last year when, even in a strengthening economy, housing unit sales...

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Homes Sold Faster than Ever in 2017

Shrinking inventory limits options for buyers this home shopping season, leading to more competition It took 81 days to sell the typical U.S. home last year, including the time to close the sale. The single fastest Selling month in 2017 was June, when the typical U.S. home sold in 73 days. Homes...

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Would you Design Your House in Virtual Reality?

Last year, Zillow invested $10 million in Hutch, a Los Angeles-based home design mobile app company. With Hutch, you can upload images of your rooms to design. With Hutch, not only can you upload images of your own rooms to design, but you can purchase all the furniture and home décor you used...

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Rising Rents Push Millennials to Become Homeowners

Realtor.com® survey reveals who’s looking to buy and what they want Forty-four percent of all respondents are looking for a three-bedroom home; 93 percent want at least two bathrooms Twenty-three percent of millennials reported rising rent as a trigger for their purchase More than 20 percent...

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Best Counties for Buying Single Family Rentals in 2018

Highest Potential SFR Returns in Baltimore, Macon, Montgomery, Detroit, Atlanta; Report Also Identifies Best SFR Growth Markets and Best Low Risk-High Return SFR Markets  ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q1 2018 Single Family Rental Market...

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Selling a House in 2018 Can Cost More than $18,000

From basic home prep projects like staging or carpet cleaning to closing costs, U.S. homeowners spend thousands of dollars in hidden costs to sell a house U.S. homeowners spend $18,342 on average to sell their home, according to Zillow® and Thumbtack’s 2018 Hidden Costs of Selling analysisi....

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Millennials Spend 45% of Their Income on Rent

We all know Millennials. They’re the resourceful, creative youngsters who grew up with the latest technology and who are big fans of music festivals and avocado toast. Known as a generation of renters, many Millennials find renting more affordable and hassle-free than buying. But that’s not the...

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