Real Estate News

U.S. Housing Market Needs 6 Million New Homes

U.S. Housing Market Needs 6 Million New Homes

According to Zillow, one of the defining characteristics of the U.S. housing market in 2018 is the lack of available inventory, and much of this scarcity can be traced back to the lack of building following the bubble's burst. Read More »

23 U.S. Cities to Reach $1 Million Median Home Price Status Soon

23 U.S. Cities to Reach $1 Million Median Home Price Status Soon

Property listings portal Zillow is now reporting that over the next year, 23 more cities across the U.S. will make Zillow's "$1 Million City List," defined as a city with a median home value of $1 million or more. Read More »

Over Half of U.S. Homes More Valuable Now than Pre-Recession Peak

Over Half of U.S. Homes More Valuable Now than Pre-Recession Peak

According to the June 2018 Zillow Real Estate Market Report, a decade after the U.S. housing market crashed, half of the country's homes have regained the value they lost during the recession. Read More »

U.S. Mortgage Credit Increased in June

U.S. Mortgage Credit Increased in June

According to a new report from the Mortgage Bankers Association, U.S. mortgage credit availability increased in June 2018. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. Read More »

Global Property Spotlight

Cap Maison Resort - (St. Lucia, West Indies)

Cap Maison Resort - (St. Lucia, West Indies)

On the Caribbean island of St.Lucia, known worldwide for its natural beauty, Cap Maison is in a truly breathtaking location in one of St.Lucia's most desirable areas. Read More »

Last Updated August 15, 2018 8:00 AM ET

Seattle Property News

Zillow is reporting this week that U.S. home buyers are willing to spend more for the comforts of a cooler home. A new Zillow analysis finds that homes with air conditioning sold for 2.5 percent more than homes without it, which is a premium of nearly $5,500 for the typical U.S. home.

According to U.S. brokerage firm Redfin, few homebuyers are halting their searches in the wake of rising mortgage rates.

According to the May 2018 Zillow Real Estate Market Report, median rent is appreciating more quickly this spring than last in 27 of the 35 largest U.S markets.

According to Redfin, across 174 U.S. housing markets, the typical home sold in May 2018 went under contract in 34 days, breaking April's record of 36 days, which was the fastest month on record going back to 2010. Amid the speed, the national median home sale price rose to $305,600, a 6.3 percent increase from May 2017.

As Amazon still mulls over its options for their next headquarters city known as Amazon HQ2, Irvine, Ca-based ATTOM Data Solutions ranked and released this week the 19 finalist city's housing markets for Amazon's second headquarters.

More than a decade after the U.S. housing market collapsed, the recovery has passed another milestone.

According to Zillow's April 2018 Real Estate Market Report, U.S. median home values are rising at their fastest pace in 12 years Over the past year, home values across the country rose 8.7 percent to a median value of $215,600.

According to AAA, more than 41.5 million Americans will travel this 2018 Memorial Day weekend, nearly 5 percent more than last year and the most in more than a dozen years.

According to a newly released Home Price Expectations Survey by Zillow, the United States will likely enter the next recession in 2020. The quarterly survey asked more than 100 real estate experts and economists about their predictions for the housing market

The world's top online retailer - Amazon - announced this past week a unique nationwide marketing partnership with Miami-based Lennar Homes, the nation's largest homebuilder by volume.

According to Zillow, U.S. homebuyers with a lower credit score pay thousands of dollars more for the same home than a buyer with an excellent credit score.

Property portal Zillow is reporting this week that young college graduates in the U.S. are more likely to be living with their parents than they were before the housing bubble, especially in places that had a more exaggerated boom and subsequent crash.

According to Redfin's latest Housing Demand Index, March marked the second consecutive month of declines this year in the U.S., as the index fell 6.5 percent month over month to a reading of 105 in March 2018.

According to data from Zillow, home shoppers should be prepared to move quickly when they find a home they want, as homes sold at their fastest pace on record in 2017.

U.S. commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017.

Over 64 million Americans live in multigenerational households, which is based on a report by the Pew Research Center, Washington, D.C.

According to Zillow, U.S. home values have been appreciating more per working hour than local minimum wage pays in about half of the nation's 50 largest cities.

According to CBRE, momentum for additional construction of U.S. warehouses is not likely to wane, because the vast majority of the country's warehouse stock is decades old and ill-suited for the demands of e-commerce.

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