Where Renting Pays: In These Markets, Owning Takes a While to Pencil Out

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The pressure to buy a house can be intense, particularly in markets where home values are skyrocketing. People appear to be making a mint on real estate, and renting – instead of buying your own home – can sometimes feel like standing still. But that’s not necessarily the case. It takes more than two years before buying the typical U.S. … Read More

Homes With Blue Kitchens Sell for $5,400 More Than Expected

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A fresh coat of paint in the right color may help sell a home for more money. Homes with rooms painted in shades of light blue or pale blue/gray can sell for as much as $5,400 more than expected, according to a new Zillow report. Zillow’s 2017 Paint Color Analysis looked at more than 32,000 photos from sold homes around … Read More

U.S. Homeowners Spend $15,000 in Hidden Costs to Sell a House

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Selling a home not only takes time, but also costs money. To help with budgeting, Zillow and Thumbtack identified several common – but often overlooked – seller expenses. From closing costs to home prep projects like carpet cleaning, U.S. homeowners can expect to spend more than $15,000 on these extra or hidden costs to sell the median home, according to Zillow … Read More

Which 10 U.S. Metros Have the Most Empty Nesters?

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Pittsburgh is strong as steel when it comes to empty nest households, according to new Zillow research. Steel City holds the top spot in a new survey of markets where older homeowners live in a house with no children. The number of empty nests nationwide is higher than ever before , having climbed steadily in the past decade, says Aaron … Read More

Our Racially Divided Housing Market Is Changing, Thanks to Millennials

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Kieran Killeen was astounded when he bought a home in Vermont in 2002, and its title barred minorities from living there unless they were servants. They were empty words. Racial covenants are no longer legal. But Killeen, who is white, did not like having even a defunct racist restriction on his home’s title. He worked with neighbors to have it removed … Read More

Moving From a Home With 2 Bedrooms to 3 Costs an Extra $450 a Month

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Thinking about moving this year? Whether your family is growing or you’re just looking for more space, upgrading to a home with an extra bed or bath comes with a premium in most metros. To help buyers better understand their options this home-shopping season, Zillow identified how much extra “move-up” buyers could expect to spend on their mortgage if they were … Read More

Rental Affordability Is Worst in Minority Communities

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Housing has become less affordable for all renters since 2011 as rent appreciation greatly outpaced income growth. But for renters living in predominately black or Hispanic neighborhoods, the situation is decidedly worse. New data shows that, on average, residents of predominantly white neighborhoods spend 30.7 percent of their income on rent, in line with the generally accepted standard of 30 … Read More

5 Predictions for Renters and Home Buyers in 2017

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If you’re a renter, you (and your bank account) probably know this already: Over the past decade, rents have been going up. And up. In many parts of the country, in fact, rents have been increasing at a faster rate than home values. The good news? The rate of growth has gradually slowed since its peak in July 2015, according … Read More

Economic Sweet Spots for Tech, Finance and Health Care Workers

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With Silicon Valley workers living in vans and RVs and interns squatting in corporate offices , it’s clear that even a tech salary does not shield some workers from the vagaries of sky-high housing costs. The good news is, there are tech jobs outside the Bay Area — and, in some places, workers have thousands of dollars left over each month after paying … Read More