Zillow Group Inc. Cl A (ZG) Social Stream

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$ZG New Press Release:

As Housing Prices Rise, Affordability Squeeze is Coming

Housing affordability improvements brought on by historically low mortgage rates and dampened rent growth are quickly evaporating as housing costs rise faster than incomes. A new Zillow® analysis finds these affordability1 issues are expected to worsen by the end of the year, and are likely to leave millions newly housing cost burdened. Interest rates play a major role in determining monthly payments, a key component of affordability. For the average U.S. home buyer, rates that began dropping in (...)

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