1. The State of the Housing Market Today Housing Renaissance San Diego, CA August 2012
Stan Humphries, PhD
Chief Economist

2. Home values are stabilizing (June ZHVI for US)
Home values are back to 2004 levels
ZHVI covers 83 million single-family, condo, coops and excludes foreclosure re-sales.
Source: Zillow

3. Home values are stabilizing (June ZHVI for US)
Source: Zillow

4. Affordability is at historic highs (United States)

5. Affordability is at historic highs (Phoenix)

6. Affordability is at historic highs (Miami)

7. Affordability is at historic highs (Las Vegas)

8. All but two metros have historically high affordability

9. Wide variation in how markets have fared during downturn
Decline in home values from peak levels
Source: Zillow

10. …and how they will fare over coming year
Source: Zillow

11. And wide variation at sub-metro level

12. And wide variation at sub-metro level

13. And wide variation at sub-metro level

14. And wide variation at sub-metro level

15. Negative equity will have a significant impact on the market…
Source: Zillow

16. Negative equity will have a significant impact on the market…
Loan to Value Distribution for Homeowners with a Mortgage (U.S.)
Source: Zillow

17. …but not entirely in the way we thought it would.

18. …but not entirely in the way we thought it would.

19. …but not entirely in the way we thought it would.

20. Foreclosure crisis continues to fuel rental demand
Source: Zillow

21. Over the last year, rents have significantly appreciated
Year-over-Year Zillow Rent Index
Source: Zillow

22. In many metros, the price-to-rent ratio has been falling

23. Many metros have incredibly low breakeven horizons

24. About In-depth research and monthly reports Real Estate Metrics
Real Estate Metrics
Zillow Home Value Index
% homes in negative equity
List prices
Sale prices
Rental prices
Home sales
$ value/square foot
$ price/square foot
Sale-to-list price ratio
% listings with price cuts
$ amount of listing price cuts
% homes sold for loss/gain
% homes foreclosed
% sales that are foreclosure re-sales
% homes increasing/decreasing in value
% homes sold in the past year
Interactive data portal

25. About Zillow About Zillow®, Inc.
Zillow is a real estate information marketplace providing vital information about homes, real estate listings and mortgages through its website and mobile applications, enabling homeowners, buyers, sellers and renters to connect with real estate and mortgage professionals best suited to meet their needs. Zillow, Inc. operates Zillow.com, Zillow Mortgage Marketplace and Zillow Mobile. With 32 million unique users of its website and mobile applications during March 2012, Zillow's goal is to help people make intelligent decisions about homes in every stage of their lives. -- home buying, selling, renting, remodeling and financing. The company is headquartered in Seattle.
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