Zillow’s Post

In today’s market, median-income households in major U.S. metros need a down payment of over $127,000 – or 35.4% – to afford payments on a typical home, according to Zillow Research. Such a large upfront payment is a barrier for many buyers, but there are resources that can help. Learn more about how down payment assistance, such as grants or loans, can reduce this financial burden: https://lnkd.in/eK9cGg-a 

There are 22% more homes for sale than there were a year ago. With more sellers entering the market, lower prices could be on the horizon. Zillow Senior Economist Orphe Divounguy breaks down what this means for buyers. Dive into the research: https://lnkd.in/eSm-XUNN #Zillow #HousingMarket

Despite an uptick in homebuilding, the shortage of available homes continues to grow, perpetuating the affordability crisis. Zillow Research dives into the details,  including which metros are being hit the hardest and potential solutions. Zillow also actively works to advance laws and policies, such as the Yes In My Backyard (YIMBY) Act, which incentivizes high-density single-family and multifamily zoning through the Community Development Block Grant Program, to help increase housing supply and create opportunities for underserved communities. Read the full analysis: https://lnkd.in/e4Vffmbh #Zillow #Housing

We believe everyone deserves access to housing and workplace experiences free from discrimination or bias, which is why we advocate for policies and innovate new products that make housing more accessible and equitable. Read more about our efforts here: https://lnkd.in/eRM3pG6g #ZGLife #Pride

The market may be stabilizing, with fresh inventory and price cuts on the rise, but it still looks different whether you’re a buyer or a seller. Depending on what you’re looking for, here’s what you can expect. Want more data? Read the full report: https://lnkd.in/eSm-XUNN #HousingMarket #Zillow

Last month, renters were able to catch their breath thanks to a steady rental market and continued earnings growth. According to the Zillow Observed Rent Index, the typical rent price is up 0.6% month over month and 3.4% since last year. See what the most affordable metro areas for renters are and get the full details in our May Rental Market Report: https://lnkd.in/ehfpcbpy #Zillow #Rentals #HousingMarket

How far is too far from work? Our new commute time filter on the Zillow app makes it easier than ever to find homes or rentals near the places that matter most to you. Watch how it works ⬇️ https://lnkd.in/dqbVA6Ay

Zillow traveled to Washington D.C., connected with elected officials, and organized a housewarming event to champion housing equality and uplift aspiring homeowners, advancing our mission of making home a reality for more and more people. Learn more about our advocacy efforts: https://lnkd.in/dqY9uVDk

Affordability and availability are the biggest factors driving the housing market today. They’re also what’s moving buyers to new places. Here’s what newcomers can expect in the markets of the five fastest-growing cities:  https://lnkd.in/eKZ9s7-Y #HousingMarket #RealEstate #Zillow