To learn more about Stone’s analysis, including whether he thinks we are in a housing bubble and if we are heading toward a recession, as well as his tips for coping with the unpredictable market, listen to his 30-minute webinar here. …Read the full story
“In America’s frenzied pandemic-era housing market, buyers and sellers have both defied expectations: Buyers have forged on in the face of record-fast price appreciation, and homeowners have steadfastly demurred from cashing in on this selling opportunity,” Zillow Senior Economist Jeff Tucker said in a release. Panelists who foresee lower sales in 2022 point to financial strains […]
In the third quarter of 2021, renter house-buying power rose 14 percent year-over-year, from $290,000 to $331,000. “Yet, despite the increase in house-buying power, annual house price appreciation hit record levels in 2021 and eroded affordability. In the third quarter of 2021, Buffalo, N.Y., had the greatest share of affordable homes available. The least affordable […]
That’s down from a projected 19.5 percent in 2021 but would rank among the strongest years Zillow has tracked. Zillow economists expect those metrics to trend slightly cooler in 2022, but market forces that have given sellers the upper hand over the past two years or so — tight supply, elevated demand, and low mortgage […]
“Since the peak of the pandemic in the spring of 2020, lending standards have bounced around but, ultimately, trended toward looser conditions. “The modest increase in house-buying power was due to the 3.6 percent year-over-year increase in household income,” Fleming said. “The increase in the average length of time someone lives in their home had […]
Opportunity Zones are defined in the Tax Act legislation as census tracts in or alongside low-income neighborhoods that meet various criteria for redevelopment. Values in markets scattered through so-called Opportunity Zones kept rising at around the same pace seen in more upscale areas, as the housing-market boom kept lifting fortunes just about everywhere,” ATTOM Chief […]
“The housing market continued its gradual return to some semblance of normalcy in September, helped by the typical seasonal cooldown in shopping conditions that we expect to see every fall,” Zillow Senior Economist Jeff Tucker said in a release. Monthly growth ranged from .4 percent appreciation in San Jose, Calif., to 3 percent in Raleigh, […]