Zillow Housing Confidence Index

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The Zillow Housing Confidence Index (ZHCI) measures consumer confidence in local housing markets, both currently and over time. As a forward-looking indicator, the ZHCI can also help determine future trends in consumer spending and overall housing demand. The ZHCI is based on a unique, national survey that collects more than 300,000 responses from more than 10,000 Americans nationwide. The overall ZHCI is made up of three separate components that measure consumers’ perceptions of current market performance, their expectations for future performance and their attitudes towards the value of housing in general and its social impact. The ZHCI is calculated for the U.S. as a whole and in 20 of the largest metro areas nationwide, covering more than 100 million Americans.

To download the comprehensive research brief, visit www.zillow.com/research/reports 

Highlights (September 2015)

  • Homeowners are still generally confident about the current state of the housing market, but are increasingly concerned about the future.
  • Housing market confidence slipped slightly in July, but remains higher than it was a year ago.
  • Confidence deteriorated more among homeowners than among renters, especially in coastal markets.

Past Reports: