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Birth Rates are Falling Most Where Homes are Appreciating Fastest, According to Zillow
The rate of babies being born is dropping the most in counties where home values are appreciating the fastest, according to a new analysis from online real estate company Zillow. An extra 10 percentage-point rise in home values is associated with an extra 1.5 percentage-point drop in birth rates for 25-to-29 year old women. The…
Read MoreCouples Will Spend Two Years’ Worth of Rent to Pay for their Wedding, HotPads Finds
Let this sink in: The average cost of a wedding was $36,000 in 2017. According to apartment and home search platform HotPads, this equates to around two years\’ worth of rent. When planning a wedding, many couples face sticker shock at the price of venues, caterers, rings, photographers and other day-of essentials. The average cost…
Read MoreHow Tax Cuts Can Boost the Housing Market
The Tax Cuts and Jobs Act enacted at the end of last year could result in tens of billions of dollars being reinvested into the housing market, according to the Zillow Housing Aspirations Report. This is despite the fact that legislation expressly limited a number of longstanding tax benefits for homeowners. Zillow estimates homeowners and renters…
Read MoreFor Many Homebuyers, the Pickings Are Slim
There are almost 9 percent fewer homes on the market than a year ago, and the majority of those are unaffordable for most first-time homebuyers, online real estate company Zillow reports. More than half of all homes for sale across the U.S. are at the high end of the market, according to the March Zillow…
Read MoreHome Value Appreciation Beats Working a Minimum Wage Job
Home values have been appreciating more per working hour than local minimum wage pays in about half of the nation’s 50 largest cities, according to a new report from online real estate firm Zillow. The typical U.S. homeowner is gaining $7.09 of equity in their home every hour they’re at the officeii, slightly less than the federal…
Read MoreProperty Taxes
Single-Family Home Property Taxes Rose by 6 Percent Last Year Property taxes levied on single family homes in 2017 totaled $293.4 billion, up 6 percent from $277.7 billion in 2016 and an average of $3,399 per home, according to property database curator ATTOM Data Solutions. This averages out to an effective tax rate of 1.17 percent. The average property taxes…
Read MoreThe High Price of Selling a House
U.S. homeowners spend $18,342 on average to sell their home, according to online real estate firm Zillow and Thumbtack’s 2018 Hidden Costs of Selling analysis.Zillow and Thumbtack identified several common, but often overlooked, seller expenses and calculated what they would cost around the country. Since most (61 percent) of today’s sellers have never sold a…
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