Home Buyers Need $47,000 More than in 2020 to Afford to Buy
Now, the roughly $106,500 needed to comfortably afford a typical home is well above what a typical U.S. household earns each year, estimated at about $81,000.
Now, the roughly $106,500 needed to comfortably afford a typical home is well above what a typical U.S. household earns each year, estimated at about $81,000.
Buyers are finding a costly and competitive market, but one slightly calmer and easier to plan and budget for.
The typical home value eclipsed $350,000 for the first time ever as healthy demand from buyers continues to collide with reluctant sellers, according to the latest Zillow Market Report.
A debt default would almost certainly mean severe disruption for the economy, with the ripple effects taking their toll on the housing market.
On National Pet Day, new research from Zillow shows that many Gen Z adults would put their pets' needs ahead of those of their partners and their kids — or future kids — if they were buying a home.
In 2016, 19.4% of young single women owned a home, compared with 29.6% of young single men — a gap of 10.1 percentage points.
the panel foresees price growth picking back up, at an average clip of 3.5% per year through 2027 – the same rate that prices grew in the relatively stable period from 1987-1999.
Markets with the tightest inventory have some of the fastest rising home values. Over the past two years, Portland has seen an almost 40 percent decrease in the number of homes for sale, with home values up 15 percent over the past 12 months.