Zillow produces a monthly “numbers” report that codifies and compares housing data. Here is Zillow’s latest “numbers” report:
-4%
Home ownership rates are down -4% when compared with housing market peak in 2006.
O%
0% represents the change in median rents from 8/17 – 8/18. This is the first time rents have been flat from year to year since 2012.
10 years
The decade’s long surge in renter-ship has ended. Today, renters account for some 43% of new householders; owners account for approximately 48% of new households.
23 of 35
Zillow found that 23 of the top 35 metros in the country have fully recovered their respective home values from the housing crisis 10 years ago. Take a look to see which metros are still catching up and which metros have exceeded their peak home valuations:
Las Vegas – -16.0%
Orlando – -13.8%
Chicago – -13.5%
Riverside- -12.2%
Miami – -11.5%
Baltimore – -11.3%
Phoenix – -9.9%
Wash’ DC – -8.7%
Tampa – -7.9%
New York – -5.1%
Philadelphia – -3.8%
Columbus – +21.6%
Charlotte – +24.5%
Seattle – +27.8%
San Antonio – +29.6%
Houston – +33.2%
Portland – +33.4%
San Francisco- +35.8%
Austin – +49.4%
Dallas – +51.6%
Denver – +65.6%
San Jose – +73.8%
2,300 square feet
This is the number of square footage in a typical home as of 9/18. In 2016, the typical home was 100 square feet larger than today.
2/3 or 66%
Lower income renters pay 2/3 or 66% of their income for rent. In 17 of the country’s 35 largest metros, the share of income going towards rent is even higher.
