First-Time Buyers Earn $30,000 More Than Their Peers Who Didn't Buy a Home
Zillow Group, Inc. - Class C Capital Stock (Z)
Last zillow group, inc. - class c capital stock earnings: 8/6 04:06 pm
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Source: PR Newswire
SEATTLE, Jan. 9, 2019 /PRNewswire/ -- Buying a home is one of the most expensive transactions most Americans will make in their life, and breaking into the housing market can be especially difficult for first-time buyers. A new RealEstate.com analysis finds that the typical first-time buyer earns more than the median household income, helping them afford to buy a home. The median income for a first-time buyer is $72,500, compared with the national median household income of $60,700. The difference in income for first-time buyers is more pronounced when compared with their peers who didn't buy, who have a median income of $42,500, according to the 2018 Zillow® Group Report on Consumer Housing Trends.Most buyers rely on savings to finance a down payment, but the second-highest source for a down payment comes from the proceeds from a previous home salei. Buyers entering the market for the first time don't have this resource, though, so a higher income helps them set aside enough for a do
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News
- 44% of adults would buy their childhood home today if they could afford itPR Newswire
- Zillow Group, Inc. (NASDAQ: Z) had its price target lowered by analysts at JPMorgan Chase & Co. from $65.00 to $61.00. They now have an "overweight" rating on the stock.MarketBeat
- Zillow Group, Inc. (NASDAQ: Z) had its price target lowered by analysts at Wedbush from $60.00 to $50.00. They now have a "neutral" rating on the stock.MarketBeat
- Zillow Group, Inc. (NASDAQ: Z) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Zillow Group Reports First-Quarter 2024 Financial ResultsPR Newswire
Z
Earnings
- 5/1/24 - Beat