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Student Debt Reduces Home Buyers’ Budgets by Nearly $100,000, Zillow Finds
Carrying student debt, whether for themselves or someone else, limits potential home buyers’ budgets by $92,440, leaving fewer homes on the market they can afford, according to a new report from online real estate company Zillow. The average monthly student debt payment for renters who plan to buy a home in the next year is $388, says…
Read MoreDo You Practice Home Fire Drills? Have You Installed Smoke Alarms?
The American Red Cross is reminding everyone that fire prevention demands some action on the part of homeowners and renters. Americans should take two simple steps – practice fire drills at home and test smoke alarms monthly – to stay safe from the nation’s most frequent and deadliest disaster. On average, seven people die every…
Read MoreNew Homeowners Pay $40,000 on Average to Buy and Move into a New Home, Zillow Finds
Buying a home is one of the most expensive transactions someone will ever make, and home shoppers can expect to spend $40,000 on average in one-time fees on the typical U.S. home, according to a new analysis from online real estate company Zillow\’s RealEstate.com brand, and online resource Thumbtack. For first-time buyers, understanding their home-buying…
Read MoreIt Takes Seven Years to Save for a Down Payment on a Home, Zillow Finds
For someone making the median income and putting away 10 percent each month, it would take just over seven years to save for a 20 percent down payment on the typical U.S. home, according to a new analysis from online real estate company Zillow. It hasn’t taken this long to save for a down payment…
Read MoreForeclosed Homes Appreciating Faster than Typical U.S. Homes, Zillow Finds
The value of homes that were foreclosed on during the Great Recession are appreciating rapidly, up 10.3 percent over the past year, according to a new analysis from online real estate company Zillow, while the typical U.S. home is appreciating 6.5 percent annually. Throughout the recovery, foreclosed homes have gained 74.5 percent in value, compared…
Read MoreU.S. Will Become a Buyers Market for Houses in 2020, According to Zillow
Home sellers will continue to hold more negotiating power than buyers for the next year and a half, according to the results of a survey of real estate economists and experts from online real estate company Zillow. This quarterly survey, sponsored by Zillow and conducted by Pulsenomics LLC, asked more than 100 real estate economists…
Read MoreU.S. Renters Spend Almost as Much on Child Care as they Spend on Rent, HotPads Finds
More than a third of renters have kids at home, and may find themselves balancing the rising costs of raising a family with the rising costs of renting a home or apartment. According to a new analysis from rental search platform HotPads, U.S. renters with children spend almost as much on child care as they spend…
Read MoreHow to Save Money with a New Apartment
With rents increasing across the country, from Los Angeles at 3% in to Atlantaat 4.7%, renters are taking savvy approaches to save money around their homes, says apartment-listing site Apartments.com. So the company is revealing the top 10 tips to save money using little time and effort. From setting a budget to finding the perfect neighborhood, everyone can…
Read MoreHow to Lessen Home Damage from Hurricanes and High Winds
Insurer Nationwide released these tips for preparing your home for a hurricane last week, just ahead of Florence. But hurricane season is still with us, so it\’s worth keeping these things in mind: Secure outdoor items Move items like patio furniture, garden décor and trash cans to an indoor location. Anchor larger outdoor objects such…
Read MoreMore than Six Million Homes Missing From U.S. Housing Market, Zillow Claims
One of the defining characteristics of today’s housing market 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, according to online real estate company Zillow. Between 1985 and 2000, there were 3.9 permits issued for single-family homes per 1,000 residents.…
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