Items Tagged with 'Zillow'

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Renters view down payment as largest barrier to homeownership

70% say they’re struggling to come up with down payment
A new survey from Zillow shows many renters want to own a home but cite down payments as a major barrier to homeownership. As the housing market looks to Millennials to improve on the low homeownership rate, Zillow’s survey shows this faith in the younger generation is not misplaced.
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Case-Shiller reaction: What to make of record high home prices

Zillow, Quicken Loans, First American and others weigh in
The latest S&P CoreLogic Case-Shiller Indices showed that home prices hit a 31-month high in January, but will those record prices be a speed bump or a brick wall for home buying moving forward? Opinions appear to be a bit mixed in that regard, with some analysts viewing January’s data as a significant drawback for certain segments of the home-buying market, while others say the rising prices aren’t a concern, yet.
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End of an era: Trulia co-founder Pete Flint leaving Zillow Group board

Served as Trulia’s CEO from June 2005 until March 2015
In a matter of months, Pete Flint’s only direct connection with the online real estate pioneer he helped found will be the stock he owns in the company that was once his fiercest competitor. Zillow Group, which bought Trulia for $2.5 billion in 2015, disclosed Monday that Flint will be stepping down from Zillow Group’s board later this year, leaving behind the company he and Sami Inkinen founded nearly 12 years ago.
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Jury awards VHT $8.32M in battle with Zillow

Fight over copyright infringement complaints not finished
After a nearly 18-month legal battle between VHT and Zillow Group over copyright infringement complaints, the court award VHT $79,875 in actual damages and $8.24 million in statutory damages. But the court battle isn’t getting put to rest quite yet. Zillow Group said in a statement that it plans to “vigorously pursue all options to overturn their verdict.”
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Zillow just reported its best year ever, in nearly every way

Record revenue and traffic, but still posts a net loss
Zillow Group, the online real estate giant that includes brands like Zillow, Trulia, SreetEasy, HotPads, and Naked Apartments, just turned in its best year ever from a revenue and traffic perspective, but still posted a net loss for the year, the company said Tuesday afternoon. But the company plans to keep growing in 2017, stating that it plans to bring in $1 billion in revenue this year.
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Homeowners waiting longer to break even on buying a home

Home value appreciation slowing down
Homeowners are waiting longer to break even after buying a home as home price appreciation slows across the nation. In one city, homeowners are waiting nearly two years longer than in 2015 to break even. However, some cities show waits of just a year and a half to recover from the costs of buying a home.
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