Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Real Estate

Like that home on Zillow? Now you can take a self-guided, in-person tour

The pandemic has sped up technology advancements

Zillow has launched self-guided, in-person tour options and digital floor plans on its site, creating a self-serve home-shopping experience for consumers.

With the self-guided tours, potential homebuyers and agents can use the Zillow app to unlock and tour an unoccupied home. This feature was piloted in Phoenix, where homes sold six days quicker, Zillow said.

“Zillow has been developing cutting edge tools that make it radically easier for people to move, and up until now, those tools were being adopted at a slow and steady rate,” said Zillow President Jeremy Wacksman.

“Now they have become essential for buyers, sellers and agents looking to move forward and stay safe,” Wacksman said. “We expect these tools will quickly become the new standard, and we’re already envisioning other ways we can help to enhance the online home shopping experience.”

According to a survey from Zillow, 55% of adults say they’re uncomfortable touring an occupied home during the COVID-19 outbreak.

Another option for home shoppers is an extension of Zillow’s 3D home tours, with added floor plans. These floor plans have room dimensions, and in the future will be a feature on all homes for sale.

Another Zillow survey said that 79% of homebuyers said they are more likely to view a home if the listing includes a floor plan they like, while 71% of homebuyers said a dynamic floor plan would help them determine whether the home was right for them.

More additions to the Zillow home shopping platform include adding virtual tours to more listings, virtual staging, custom options and safety standards.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular Articles

Better.com lays off LOs, secures $750M cash injection

Digital mortgage lender Better.com is laying off 9% of its workforce ahead of a $750 million cash injection from financial backer SoftBank Group.

Dec 01, 2021 By

Latest Articles

What Omicron, bond market and jobs mean for housing

We often have two to three job reports per year that miss estimates badly. However, remember that we have over 10 million job openings.

Dec 03, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please