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Where First-Time Home Buyers Can Save a Down Payment Fast
Saving for a down payment is one of the biggest hurdles to homeownership. However, a new analysis from RealEstate.com, a Zillow Group brand, identifies 10 metros where first-time buyers may find it easier to save for their future home purchase, and 10 metros where it may be more difficult. Three Years or Less to Have 20%…
Read MoreHomeowners Can Pay Nearly $9,500 per Year in Hidden Costs, Zillow Finds
Homeowners can expect to spend about $9,390 every year on costs associated with owning and caring for a home, according to an analysis by online real estate company Zillow and local services company Thumbtack. When it comes to buying a home, shoppers frequently focus on the sticker price or the monthly mortgage payments, but homeowners are also responsible…
Read MoreMortgage Payments Require Largest Share of Income Since 2009, Zillow Finds
The combination of rising rates and strong home value appreciation led to one of the largest recorded quarterly increases in the mortgage burden for homebuyers since the Great Recession, according to a new analysis from online real estate company Zillow. In the first quarter of 2018, the share of median income needed for monthly mortgage payments…
Read MoreThe Power and Glory of Central Air Conditioning
Buyers are willing to spend more for the comforts of a cooler home, according to new analysis from online real estate company Zillow. Zillow 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. The premium for air conditioning is highest in San…
Read MoreImprove Your Home’s Water Usage
Virginia-based HVAC, plumbing and electrical company Southern Trust Home Services is offering timely ways to reduce the new school year’s impact on homeowners’ water consumption – just as the new school year is set to begin. According to the EPA, the average family in the United States uses more than 300 gallons of water per day, and…
Read MoreHalf of All U.S. Homes Are More Valuable than Pre-Recession Peak, According to Zillow
A decade after the U.S. housing market crashed, half of the country’s homes have regained the value they lost during the recession, according to the June Real Estate Market Report from online real estate company Zillow. Nationally, the median home value is $217,300, up 8.3 percent over the past year and 8.4 percent above the highest point…
Read MoreU.S. Median Home Price Appreciation Decelerates
U.S. single family homes and condos sold for a median price of $255,000 in the second quarter, up 6.3 percent from a year ago to a new all-time high but the slowest annual appreciation since Q2 2016, according to property database curator ATTOM Data Solutions. “Annual home price appreciation nationwide has now slowed for five consecutive quarters…
Read MoreVacation Home Markets Have Yet to Regain Pre-Recession Values, Zillow Finds
In places where vacation homes are most common, the housing crisis still shows a noticeable effect on the market, online real estate firm Zillow reports. Scattered across the country, vacation home markets experienced a steeper run up in home values during the housing bubble, but also a sharper fall. Vacation home markets gained 117 percent in value…
Read MoreU.S. Home Equity Lines Of Credit Increase, According to ATTOM Data Solutions
Americans are increasingly tapping their home equity, a new report from property database ATTOM Data Solutions finds. ATTOM Data Solutions has released its Q1 2018 U.S. Residential Property Loan Origination Report, which shows that more than 1.8 million (1,813,691) loans secured by residential property (1 to 4 units) were originated in Q1 2018, down 5…
Read MoreFewer Homeowners Are Underwater on Their Mortgages
More than a decade after the housing market collapsed, the recovery has passed another milestone. The share of homeowners who owe more than the value of their home is 9.1 percent, falling below 10 percent for the first time since the housing market fell, according to online real estate company Zillow. The typical U.S. home…
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