The Latest Breaking News from Zillow

“The places that are most expensive are seeing the biggest drops,” explained a Bank of America senior economist.

They could fall even further, but remember there’s a “new normal,” where mortgage rates might not ever hit rock-bottom levels again.

More than 2 million single-family homes have been built in the South since January 2021, more than four times the number completed in the Northeast, according to a Capital Economics economist.

The typical starter home is worth at least $1 million in 237 cities, up from 84 five years ago, Zillow said.

New study revealed that the price tag of many starter homes reaches more than $1 million in more than 200 cities.

Before the pandemic, new homes were $15 to $22 more expensive than existing homes per square foot. In May, new homes were $3.50 cheaper than existing homes per square foot, according to Zillow.

In some ways the housing market is beginning to feel more like it did before the pandemic.

“The months long slowdown in the rental market appears to be leveling off as the busy summer season kicks off,” according to Zillow.

Heard you were looking to get on the property ladder?

Even though we’re “in a big hole” when it comes to housing supply, builders are backing off.

The Zillow Gone Wild Instagram page has been a hit for the last four years. Here are more photos of unusual homes that have recently gone viral. The post “Zillow Gone Wild”: 30 Of The Most Unhinged Listings Of All Time first appeared on Bored Panda.