Cost of Homeownership Increases 3 Times the Price of Renting

With affordability draining quickly, the gap is growing between the amount of buyers with a desire to purchase, and the amount of buyers who actually can. According to an analysis newly released by realtor.com®, the cost of homeownership has increased more than three times the price of renting today—and, areas in growing numbers are unaffordable. […]

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Half of Homes Past Pre-Recession Values

Half of the homes—50.4 percent—in the nation are past their peaks prior to the recession, with 21 of the 35 largest markets at the milestone value, according to the June Zillow® Real Estate Market Report. Based on the Zillow Home Value Index (ZHVI), in June, home prices were up 8.3 percent year-over-year, to a median […]

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Employment Gains Push Rents Up

Driven by employment growth, the cost of a single-family rental rose 2.9 percent year-over-year, according to the April CoreLogic Single-Family Rent Index (SFRI). Rents have risen for the past eight years, but have been decelerating since February 2016, when they peaked at 4.2 percent. The average monthly is now 2.7 percent. “Rent prices increased significantly […]

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Rents Stir Up to Sustainable Trend

Appreciation heated up on rentals this spring, with the May median monthly rent totaling $1,440, an increase of 2.1 percent year-over-year, according to the May Zillow® Real Estate Market Report. Last May, the increase in median rent was 0.7 percent. “Over the past two years, rent growth slowed across the country as new apartments hit […]

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Again, Rents Start Up: Zillow

Appreciation Fastest in 21 Months The ebb-and-flow in rents is shifting. According to the latest Real Estate Market Report by Zillow, annual appreciation in February was 2.8 percent—the fastest it has been in roughly two years. With the median, nationally, at $1,445, and home prices rocketing, there can be some struggle, says Aaron Terrazas, senior […]

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As 2017 Ended, Rents Rose

The median national rent rose toward the end of 2017, contrary to the predominant trend for the year, according to the November Zillow® Real Estate Market Report. The gain, 2.4 percent year-over-year to $1,435, is on par with income increases, which have ticked up 2.5 percent since November 2016. “After about a two-year slowdown, rent […]

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Changing Demand for Rentals Strains Supply

Demand for rentals is still strong—but what does it look like today, a decade after the recession? According to America’s Rental Housing Report, recently released by the Joint Center for Housing Studies at Harvard University, demand is evolving. In the aftermath of the crash, demand exploded, and a large portion of rentals were single-family homes. […]

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Homeowners Spend Less, Renters Spend More

Incomes are not keeping pace with rents. More earnings are needed for rent than in years past—now 29.1 percent of the median monthly income, versus the 25.8 percent needed prior to the recession, according to an analysis recently released by Zillow. The difference equals $1,957 more than if the share had stayed the same. Homeowners, […]

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Report: High Rents Worsening Homelessness

High rents are worsening homelessness in major cities across the country, especially where homelessness is already at dire levels, according to a recent analysis by Zillow. Analysts estimated resulting homeless populations given a 5 percent rise in rent in 24 metropolitan areas, forecasting critical outcomes in Los Angeles and New York, where thousands more would […]

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10 Markets Where Rents Are Rising Most

No two housing markets are alike—rents included. A recent analysis by GOBankingRates identifies the markets where rents have risen the most year-over-year, with two states dominating the ranking: 1. Marina del Ray, Calif. May 2016 Rent: $2,800 May 2017 Rent: $3,241.50 Year-Over-Year Rent Rise: $441.50 2. Medford, Mass. May 2016 Rent: $1,600 May 2017 Rent: […]

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