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A starter home now costs $1 million in more than 200 US cities, Zillow report finds
Read full article: A starter home now costs $1 million in more than 200 US cities, Zillow report findsThe price of a starter home is now $1 million or more in more than 200 U.S. cities, according to a report from Zillow.
Graph shows how home values have changed since start of the pandemic
Read full article: Graph shows how home values have changed since start of the pandemicThe effects of the coronavirus pandemic on the housing market have been making headlines for nearly two years but you might be wondering what the big picture looks like in terms of where we started vs. where we are.
As Americans pay more for rent, landlords get some relief
Read full article: As Americans pay more for rent, landlords get some reliefAmericans are paying more to live in apartments, as demand for housing increases and many would-be homebuyers are forced to rent because prices for houses have gotten too steep.
How much do pets influence people’s home-buying decisions?
Read full article: How much do pets influence people’s home-buying decisions?As you’ve probably heard, the housing market is hot, hot, hot. And it seems clear that people don’t just have kids or other family members in mind when it comes to choosing where they want to move.
Rent growth in San Antonio’s pricey neighborhoods slows due to pandemic, Zillow says
Read full article: Rent growth in San Antonio’s pricey neighborhoods slows due to pandemic, Zillow saysSAN ANTONIO – The typical rent in the San Antonio metro is $1,278, and that’s $20, or 1.6%, higher than a year ago. Rents in the highest-priced zip codes have risen 2% on average over the past year, but have risen 3% in the lowest-priced zip codes. Across the country, according to Zillow’s February market report, home values continued their march upward in February, matching record monthly growth from months prior, while home sales and appreciation soared over the course of the pandemic, rent growth slowed, seemingly a boost for rent affordability. According to the San Antonio Business Journal, in Bexar County, some local zip codes saw huge growth in prices over the last year. The lowest increase was in 78230 on the North Side, which saw its median rise 1.4% to $324,500.
Zillow announces new features for potential homebuyers
Read full article: Zillow announces new features for potential homebuyersNow, Zillow is no longer just an online platform for browsing available homes or for creeping on the value of your neighbor’s house. The company has started buying, fixing up and selling homes itself through a new division called “Zillow offers.”It announced the new feature aimed at streamlining the process for homeowners considering selling to the site. Zestimate initial cash offers will be available in 23 markets to start. For a growing set of properties in those markets, Zillow has enough data on the home and others like it that it feels confident making the Zestimate its initial cash offer. For homeowners who decline the cash offer, the difference between Zillow’s offer and what they end up selling for is typically less than one percent.
These San Antonio area ZIP codes have the highest average selling price for homes
Read full article: These San Antonio area ZIP codes have the highest average selling price for homesSAN ANTONIO – San Antonio’s housing market is growing at its fastest pace in more than a decade, according to a recent market report by Zillow. While Texas is a non-disclosure state, which means specific sold prices on individual homes are not required to be disclosed, KSAT was able to obtain sales records from the San Antonio Board of Realtors (SABOR) about the top 10 ZIP codes with the highest average selling price. Most of the high-priced homes were located in a cluster of zip codes outside Loop 1604 on the Northwest Side that includes Fair Oaks Ranch and Boerne. Garden Ridge was another hot spot in addition to the enclave cities of Shavano Park, Olmos Park and Alamo Heights. The map below details which ZIP codes made the top 10 and what the average sold price for a home is in that particular ZIP code.
Home values growing at record pace, Zillow reports
Read full article: Home values growing at record pace, Zillow reportsSAN ANTONIO – A new market report released by Zillow, an online real estate database company, says home values are growing at a pace not seen since the market was recovering from the Great Recession between 2007 and 2009. “Inventory for the week ending Oct. 10 plumbed new lows, down 36.4% year over year, while median list price rose 11.6% above 2019,” the company said. As of the week ending Oct. 10, the number of homes on the market was down 27.8% from last year. Additionally, according to the company, typical U.S. rents dropped slightly in September to $1,756 after sustaining a 0.5% monthly decline in August. “Persistent strong demand drove inventory to record lows, down 36.4% year over year, and list prices up 11.6% above 2019 in the week ending Oct. 10.”To read the survey in full, click here.
Companies pledge to add at least 1 Black director to board
Read full article: Companies pledge to add at least 1 Black director to boardAcross the big companies in the S&P 500 index, more than a third did not have a single Black director in 2019, according to Black Enterprise. In many cases, forces outside the companies are pushing for better representation in the board room and in senior executive ranks. Shareholders, governments and other proponents say it makes business sense for companies leadership to reflect the customers they serve and the workforces they oversee. In recent years, shareholders and governments have been putting heavier pressure on companies to add women in particular to their boards. Another 27 companies that already have at least one Black director also pledged to encourage corporations broadly to accelerate efforts to get full representation on boards.