National News

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Real Estate in Brief: Startups fuel home values, cities on-track for housing boom, and more

Startup hotbeds like San Jose are seeing higher shares of million-dollar home values than the rest of the country, while rust belt cities seem to be lagging behind. LendingTree collected data from over 150 million U.S. homes and ranked

Zillow: Affordability is at the lowest point since 2009

The burden of rising mortgage rates has become a reality for many homeowners in recent years as buying a home is the least affordable it’s been in over a decade, according to a report from Zillow. Both rising mortgage rates

Today’s homebuying trends among Gen X

As millennials begin to take over the homeowning population, Generation X buyers are making up a smaller portion of the housing market, accounting for just 30 percent of it. MetroStudy partnered with Zillow to discover and analyze trends in

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US home sellers earned an average of $39,000 in 2017

The average home sale in 2017 generated roughly a $39,000 profit for the sellers, based on recent sales price data as well as historical home prices from Zillow. But after accounting for inflation over the typical time between sales

More homeowners are investing in renovations to help boost resale value

The most popular home renovation projects, like kitchen and bathroom remodels, are the ones that contribute the most to a home’s increased resale value. In fact, two-thirds of renovating homeowners are focused on increasing home resale value, according to

Waterfront home prices falling, Zillow finds

Oceanfront homes, lakeside properties and even residences along the river tend to attract higher-than-average prices. However, according to a new report from Zillow’s research team, that premium on waterfront real estate has declined in recent years. Based on its

Urban growth rate catching up to the suburbs

Contrary to previous housing trends, urban neighborhoods have seen an increasingly fast growth rate, comparing closely with the rate at which suburban areas are growing, according to a study by Urban Land Institute. The report analyzes different types of

Two Chicagoland cities among top 25 for adding millionaires by selling their home

Since 2001, 135 people in Illinois became millionaires by selling their home. Investing in real estate has been considered one of the few safe roads to become a millionaire, specifically the route of purchasing a home then selling it

Housing and economic outlook shows optimism in housing market

The majority of Americans are still feeling good about the housing market, according to the National Association of Realtors’ Housing Opportunities and Market Experience survey for the second quarter of 2018. The HOME survey found that 68 percent of Americans

How millennial buyers drive the housing market

As millennials begin to enter the housing market, they are becoming the driving force. MetroStudy partnered with Zillow to discover and analyze trends in the housing market among the millennial generation, those age 18 to 37, in their 2017 Consumer Housing

Real Estate in Brief: Tariffs increase home prices, Zillow announces public stock offering and more

A nationwide total of 850,000 single-family home starts last year will still not be enough to aide the housing shortage crisis across the country as demand continues to increase. To make matters worse, materials are getting more expensive, making

How climate change is affecting the housing market

There are various factors to consider when buying a home, and a new study suggests climate change is joining that list. A Bloomberg News report by ATTOM Data Solutions found that in the last decade, the average home price

Pending home sales continue to fall in May

For the fifth straight month, pending home sales have fallen, down 2.2 percent from last year, according to the National Association of Realtors (NAR). Pending home sales in May decreased 0.5 percent to 105.9 from 106.4 last month. The reason

See which paint colors can help boost sales prices

Choosing paint colors is perfect way to reflect your style onto your home. But, when it comes time to sell, the colors you chose may not appeal to potential buyers. Zillow is here to help with their 2018 Paint

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Key takeaways on Chicagoland real estate from Harvard’s latest housing report

While the state of housing in the U.S. has generally improved over the last 30 years, the latest report from the Joint Center for Housing Studies (JCHS) of Harvard University highlights some areas of concern as well. Since the

How the luxury market is shifting across the country

Millennials have begun to monopolize the homeowning population, and as a result, new cities across the country are transforming into some of the hottest luxury markets for the first time. The Institute for Luxury Home Marketing just released their

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