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Tysons
Wednesday, November 30, 2022

Zillow

Survey: Local residents need to work slightly longer to pay rent

An American making an average wage needs to work about 63 hours before earning enough to pay the typical monthly U.S. rent. That is three hours more than they would have needed to work a year ago, and six...

No surprise: Report confirms local cooling in homes market

Two new indicators provide confirmation – if any is needed – that the Washington region’s homes market has cooled significantly. But they also provide some reassurance that the local market is hardly in a state of freefall. New data from...

Forecast: Homes market is tilting toward buyers

Sky-high mortgage costs are driving away some prospective homeowners, and a market firmly in favor of buyers is expected before the end of next year, according to a majority of economists and housing experts surveyed by Zillow. The panel also...

Uh-oh: Region’s housing values seen as declining for next year

Analysts at Zillow have for much of 2022 been among the most bullish, expecting housing prices to hold steady and even rise despite the downturn in market conditions. But their thinking now is, in the Washington area at least, a...

Survey: Renters stressed as housing search gets more complicated

Finding and landing a rental is stressing people out. The typical monthly rent in the U.S. has soared to a record high of $2,031, and a new Zillow survey shows how tired and burnt out Americans are as they search...

No surprise: $1 million buys less house than it used to

What will a million smackeroos buy someone in the local region’s real-estate market? A home slightly smaller than comparable for million-dollar properties nationally. That’s according to a new analysis from Zillow, which found that a home sold for $1 million...

Credit scores having even bigger impact on home-affordability

A borrower with a “fair” credit score could pay $100,000 more over the life of a 30-year mortgage for the same home than an otherwise identical borrower with an “excellent” score would, according to a new Zillow analysis. Today’s home...

Housing-affordability crunch time is at hand

Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. Demand for homes has pulled back in response, easing price growth, slowing sales and boosting inventory, according...

Survey says: Home-buying can bring the tears out

Buying a home in a competitive market can be a stressful experience, often most similar to the stress of planning a wedding or being fired, and a new Zillow survey shows that half of home-buyers say the process left...

Data: Region sees 22% increase from pre-COVID home values

Two years into the pandemic, the U.S. housing market is virtually unrecognizable from its previous state, with nearly half the number of homes for sale, prices higher by one-third and rising, and rents hundreds of dollars more a month,...
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Latest News

PHOTOS: Madison wins region football crown!

The James Madison High School football team defeated Centreville, 22-7, on Nov. 26 to become the 2022 6D North...
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