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Zillow: “Acting Quickly Could Save Them Hundreds …”

2021-02-13 By Jeffrey R Keller

A Feb 3, 2021 Zillow Press Release begins: “Competition is Fierce for Home Buyers, But Acting Quickly Could Save Them Hundreds on Their Monthly Payments”.

The two things which stand out about this press release are that: 1) Zillow has little to gain by urging buyers to buy now and 2) the numbers they provide show the very big impact on home affordability they predict.

AreaCurrent Rate
& Value
3% interest
+ 8% Growth
3% interest
+ 12% Growth
3.5% interest
+ 8% Growth
3.5% interest
+ 12% Growth
SF$3,779$4,253$4,411$4,530$4,698
LA$2,395$2,695$2,795$2,871$2,977

Zillow says their experts are forecasting 21.9% more home sales than last year and a price increase of 10.5%.

Government policies that are being reviewed right now could have a dramatic effect on the cost of buying a Silicon Valley home.

If you are a first-time home buyer be sure to view Juliana Lee’s rent vs. buy information.

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Filed Under: buying a home Tagged With: mortgage rates, real estate market trends, rent vs buy

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