The Millennial Mindset re: Housing – An Update

A woman hugging another woman in front of a house.

The U.S. millennial generation–the group of people 18 to 34 years of age–is projected by The Census Bureau to exceed 75 million and surpass the baby boomers to become the largest generation this year. The attitudes and actions of members of this group will influence the health and dynamics of U.S. housing markets in the…

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Renter Aspirations Bottoming in Boston, Booming in L.A.

A person taking a picture of a house with their phone.

The level of housing confidence today can influence economic consumption, and supply & demand for residential real estate tomorrow. This is why it is essential to measure and monitor housing confidence. In any real estate market, aspirations for future homeownership among today’s renters are key indicators of housing confidence. The Homeownership Aspirations Index (HAI)–one component…

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Consumer Confidence in Housing is Building

A green sign that says " welcome to optimism."

As reported last week, The Zillow® U.S. Composite Housing Confidence Indexâ„¢ (ZHCI) rose to 67.4 in January, an increase of 3.2 points from its level six months earlier and up 3.6 points year-over-year, indicating continued growth in positive housing sentiment within local real estate markets across the country. Analysis of the indicator indices underlying the…

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Open House Mayhem: Will it Last?

A man with chains around his neck and holding onto an orange object.

Perhaps there are glimmers of hope for anxious would-be home buyers frustrated by the dearth of existing inventory in many real estate markets (consider this CNBC report today). The January 2015 U.S. Housing Confidence Survey (HCS)–the same survey cited in the CNBC report, and from which The Zillow Housing Confidence Index is derived–reveals that, in…

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