Items Tagged with 'Zillow'

ARTICLES

  • Zillow to launch buying and selling operations in Charlotte and Raleigh

    Expands Zillow Offers to six markets
    Zillow announced it is expanding its home buying and selling operations into Charlotte and Raleigh. The additions bring Zillow’s burgeoning home buying and selling operations to six markets nationwide. The program launched in Phoenix in April, then moved on to Las Vegas and Atlanta, with Denver set to open later this month.
    Read More
  • Judge tosses class action suit against Zillow

    Rules Zillow did not defraud investors by not revealing CFPB investigation
    A federal judge dismissed a securities fraud class action suit against Zillow on Tuesday. The suit alleged that the real estate giant defrauded investors by not disclosing that the CFPB was investigating its co-marking program for possible RESPA violations. But according to the judge, in the plaintiff’s attempt to prove that Zillow knowingly committed wrongdoing, they actually proved otherwise.
    Read More
  • Construction spending barely inches forward

    August is 6.5% above August 2017
    The U.S. Census Bureau of the Department of Commerce announced that construction spending during August 2018 was estimated at a seasonally adjusted annual rate of $1.319 trillion, only 0.1% above the revised July estimate of $1.317 trillion.
    Read More
  • New home sales increase, but remain underwhelming

    Despite 3.5% uptick in August, numbers are lackluster
    Sales of new single-family houses increased 3.5% to 629,000 in August, up from July’s 608,000 sales and 12.7% above sales in August last year. Zillow Senior Economist Aaron Terrazas said it’s a sign of the times that what might normally be seen as lackluster new home sales is likely to be warmly received.
    Read More
  • CNBC: Chinese tariffs are going to make your home renovations more expensive

    NAHB claims there could be a $2.5 billion tax increase on the industry
    This year, the National Association of Home Builders’ Remodeling Market Index revealed that in the fourth quarter of 2017, the RMI reached 60 for the second time since 2001. Although the increasing demand for home renovation has carried over to 2018, recently imposed tariffs are expected to reduce home renovation affordability.
    Read More
  • Zillow: The rent growth fever just broke

    For the first time in six years, year-over-year rent growth is flat
    The rent growth fever may have just broken. For the first time in six years, year-over-year rent growth is flat. According to a new report from Zillow, the national median rent in August came in at $1,440, unchanged from a year ago. This is the sixth consecutive month of slowing rent growth and month 27 of sub-3% annual growth.
    Read More