Seemingly endless demand and low supply have driven record-breaking home value appreciation over the past year, Zillow’s® latest Market Report shows. April pushed the envelope even further: Annual home value growth for a typical U.S. home is 11.6%, the highest seen since 2005. Today’s rapid rise in prices may recall that of the mid-2000s, stoking unfounded fears of another overheated market. Google searches for “housing bubble” reached their highest point in nearly three years in April.... read more

While a treehouse is still most commonly associated with kids’ games in the summer, it can make a home seem much more luxurious — and bump sales price. According to data released by Zillow, a treehouse was the outdoor feature that saw the sharpest increase in sales price. Listings mentioning it saw an average sales price increase of 2.2 percent, compared to 1.6 percent for a hot tub and 0.7 percent for a finished basement.... read more

This article is brought to you by Legacy Lending Home Loans!New Home Sales, which measures signed contracts on new homes, were down 6.6% in June, which was a significant miss and beneath expectations of a 3.4% gain. Looking at inventory levels - There were only 353,000 new homes for sale, which is up 7% from May. The Median home price was reported at $362,000, which is down 5% from the previous report and up 6% year over year. Taking a deeper look at the sales and inventory – 77% of the sales in June were for... read more