Zillow Homeownership Aspirations Among Current Renters Highest in Markets Hard-Hit by Housing Recession, According to Inaugural Zillow Housing Confidence Index - U.S. Housing Confidence Index currently stands at 63.7. - If all renters indicating they want to buy a home in the next year actuall ... [Read more]
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By: Cory Hopkins – zillow.com Home values nationwide have been growing at a breakneck pace for much of 2013 and are predicted to finish the year up an average of 6.7 percent compared with the end of 2012, according to the latest Zillow Home Price Expectations Survey. But that rapid pace of appreciation won’t last forever, and it is expected to slow considerabl ... [Read more]
By: Cory Hopkins - zillow.com The housing market is improving every day, and as a result, homes nationwide spent far fewer days listed for sale on Zillow in September than a year ago — one month less, to be exact. Homes sold in the U.S. in September spent a median of 86 days on Zillow, down 30 days from 116 days in September 2012. Zillow calculated the median number of days listings spent ... [Read more]
By: Daren Blomquist - forbes.com Contributor RealtyTrac this week analyzed nearly 600,000 purchases made by investors between January 2011 and September 2013 and found that the vast majority of large institutional buyers are sticking to their original buy-to-rent game plan and not cashing out despite substantial gains in the value of properties in their portfolios. The 600,000 purchases were those made by individuals or institutions that purchased at least th ... [Read more]
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The shutdown is delaying home sales and approval of loans because lenders rely on government data, such as verification of borrowers' income, that aren't available. Jay Joerger was set to close a long-planned sale of his Palm Springs condominium this week until he was blindsided by an unexpected problem: the shutdown of the federal government. The condo sits on land owned by an Indian tribe, so the sale must be approved by the U.S. Bureau of Indian Affairs. But ... [Read more]