Items Tagged with 'Zillow'

ARTICLES

  • The iBuyer market is booming, and it's not slowing down anytime soon

    Here's a look at where these companies operate and where they're headed
    Some might say that so far, 2019 is looking to be the year of the iBuyer. The term has exploded across the internet as major companies like Redfin and Zillow expand their reach into the business of buying homes directly from sellers. Here’s an up-close look at where these companies operate and where they’re headed next.
    Read More
  • Sales of new homes drop 6.9% in April from March's 11-year high

    The level remains 7% higher than a year ago
    Sales of new houses dropped in April from an 11-year high in March, according to a report from the Census Bureau and the Department of Housing and Urban Development. New-house sales fell 6.9% to a 673,000 annualized pace last month from March’s upwardly revised rate of 723,000. Even with the decline, April’s level sits 7% higher than a year ago.
    Read More
  • April's depreciating home prices could signal the market reached its peak

    April marks the first monthly decline in 7 years
    In April, the median U.S. home depreciated 0.1% in value from the previous month, marking the first monthly decline in seven years, according to Zillow’s latest housing market report. Zillow Director of Economic Research Skylar Olsen said the likelihood that home values have peaked in several local markets is real.
    Read More
  • Hoosier city beats out Miami and Vegas for hottest U.S. housing market, Zillow says

    Midwest leads home-value gains, while the nation’s priciest cities lagged
    When you think of hot housing markets, cities like Miami, Las Vegas, or Los Angeles might come to mind. Or, other high-priced markets like New York or Boston. The Midwestern city that beat the rest of the U.S. for home price appreciation with a whopping 12% gain from a year earlier might surprise you.
    Read More
  • After months of setbacks, housing starts rise nearly 6%

    Single-family construction up 6.2% from previous month
    Housing starts rose nearly 6% in April, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce. Realtor.com Senior Economist George Ratiu said from rising inventory to lower mortgage rates and higher consumer confidence, new housing construction mirrored improvements in the housing market.
    Read More
  • Tariffs boost housing renovation costs after Zillow and others go all-in on iBuying

    Costlier supplies will shrink “razor thin” margins as iBuyers move into new markets
    The United States and China are locked in a tit-for-tat trade war that will boost the price of materials that go into home renovation and construction. The higher costs come as iBuyers such as Zillow, Opendoor and Offerpad are expanding into new markets with plans for fixing up and reselling homes. "In iBuying, it's razor-thin margins anyway, so any sort of ripple in the pond has the potential to disrupt," said Mike DelPrete, a real estate strategist.
    Read More
  • Zillow: Housing slowdown likely to pass as second wave of Millennials enter housing market

    3.11 million first-time buyers are projected to enter the market by 2028
    A recent Zillow analysis claims an extra 3.11 million people at prime first-time home-buying age are projected to enter the housing market by 2028. While it’s not certain if each of these people will purchase a home, Zillow claims the sheer heft of their numbers will impact the market.
    Read More
  • From HW Magazine

    Zillow going all-in on mortgage lending

    What are the company's future aspirations?
    When Zillow acquired Mortgage Lenders of America last summer, it led to a lot of industry speculation as to what its future aspirations were related to the financing side of real estate transactions.
    Read More
  • WTH is an iBuyer?

    Instant offers for buying and selling homes are growing, and evolving
    More and more real estate transactions involve the participation of so-called iBuyers. But who are they, what do they do and are they a threat to real estate agents? Here's what we know so far.
    Read More