Zillow Group Inc (OQ:ZG)
Business Focus: N/A
Jan 12, 2021 07:00 am ET
Despite New Stimulus, More Than 3 Million Renters Facing COVID-19 Unemployment Bear Extreme Housing Cost Burden
SEATTLE, Jan. 12, 2021 /PRNewswire/ -- For millions of renters who remain unemployed during the COVID-19 pandemic, the recently finalized fiscal stimulus package is desperately needed relief. The additional payments will bring their typical rent burdens from more than 80% of their income to less than half, a new Zillow® analysis shows. While the extra assistance helps on a monthly basis, millions behind on their rent still face an incredible challenge in catching up on payments that have piled up before temporary eviction moratoriums expire....
Jan 11, 2021 07:00 am ET
Pandemic Year Brought Incredible Surge in 'Million-Dollar Cities'
SEATTLE, Jan. 11, 2021 /PRNewswire/ -- Although the typical value of a home in the United States is about $263,000, the number of "million-dollar cities" spiked sharply last year, according to a new Zillow analysis. There are 45 more U.S. cities1 with a typical home value of at least $1 million than there were a year ago -- the largest increase in at least a decade....
Jan 05, 2021 07:00 am ET
Home Value Disparities Between Races Are Still Pronounced, but Shrinking
SEATTLE, Jan. 5, 2021 /PRNewswire/ -- Typical values for Black- and Latinx-owned homes still lag behind overall U.S. home values, but the gap is narrowing. A new Zillow® analysis shows homes owned by Black and Latinx households are worth 16.2% and 10.2% less, respectively, than the typical U.S. home -- gaps that have closed by about 4 percentage points from their widest points following the Great Recession....
Dec 21, 2020 07:00 am ET
Zillow Predicts Stronger Housing Market Across the Board in 2021
SEATTLE, Dec. 21, 2020 /PRNewswire/ -- The for-sale housing market showed incredible strength in 2020, and Zillow® predicts 2021 will be even stronger. ...
Dec 18, 2020 07:00 am ET
Home Value Growth Breaks Records as Rents Stabilize
SEATTLE, Dec. 18, 2020 /PRNewswire/ -- Rent appreciation began to recover in November after a long slide that began in February, and home value growth soared to new heights, according to Zillow's® latest Real Estate Market Report1. Looking forward, Zillow economists predict 2021 sales to be the strongest since 2005, for rent growth to make up for what it lost in 2020 and for home values to reach 10% year over year growth by November. ...
Dec 16, 2020 07:00 am ET
What Moved Us: Stories that Shaped the Year in Real Estate
SEATTLE, Dec. 16, 2020 /PRNewswire/ -- Home became more important than ever in 2020. Kitchen tables were repurposed as classroom desks, basements turned into home offices and backyards became sanctuaries. Those changes sparked the Great Reshuffling, as many searched for a new home that would better fit their evolving needs....
Dec 16, 2020 04:00 am ET
NYC Rent Declines Surpass Those of the Great Recession
NEW YORK, Dec. 16, 2020 /PRNewswire/ -- New York City rents have fallen more this year than they did during the Great Recession, according to StreetEasy's November 2020 Market Reports....
Dec 10, 2020 07:00 am ET
From 'Zoom Rooms' to Chef Kitchens: Zillow's Top 10 Home Trends for 2021
SEATTLE, Dec. 10, 2020 /PRNewswire/ -- We've all been there this year -- toddlers interrupting Zoom meetings, daydreaming (or Zillow Surfing!) for more space, and shamelessly feeding sourdough starter kits. 2020 has changed the way we live in and outside our homes....
Dec 01, 2020 07:00 am ET
Why Housing Demand Will Likely Stay High for Years to Come
SEATTLE, Dec. 1, 2020 /PRNewswire/ -- Low rates of household formation since the Great Recession have caused 5.7 million "missing" households, a new Zillow® analysis finds. These missing households represent people who historically would have moved into their own home but have been unable or unwilling to do so, and should keep housing demand high for many years to come as the market catches up. ...
Nov 23, 2020 11:21 am ET
Remote Work Could Most Help Black Renters Trying to Buy Homes
SEATTLE, Nov. 23, 2020 /PRNewswire/ -- The rapid rise in pandemic-driven telework could make first-time homeownership most broadly accessible to black renters compared to other renters, based on factors including income, the makeup of local industries, geography and more, a new Zillow® analysis suggests....
Nov 20, 2020 07:00 am ET
Home values rising faster than at any time since 2005
SEATTLE, Nov. 20, 2020 /PRNewswire/ -- A market defined by intense demand for relatively tight supply pushed month-over-month and quarterly home value growth to levels not seen since 2005, according to Zillow's® latest Real Estate Market Report[1]. Rent appreciation, meanwhile, is steaming ahead in many Midwest and Sun Belt cities while declining in major coastal metros. ...
Nov 18, 2020 09:00 am ET
Calyx Announces Path Integration with Mortech Product and Pricing Engine
Calyx®, a leading provider of compliant mortgage software solutions used by banks, credit unions, mortgage lenders and brokerages nationwide, announced today its Path® loan origination software (LOS) is now integrated with Marksman®, the...
Nov 18, 2020 07:00 am ET
Gen Z Renters Moving Out and Moving Up
SEATTLE, Nov. 18, 2020 /PRNewswire/ -- Rental concessions, such as a free month's rent, appear to be luring Gen Z out of their parents' basements and back into the rental market. New Zillow research finds more Gen Z adults, ages 18 to 25, who had been living with family or friends say they're now renting, and most say they got a better deal on their new rental....
Nov 18, 2020 07:00 am ET
Zillow Group to Present at December Financial Conferences
SEATTLE, Nov. 18, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which is transforming the way people buy, sell, rent and finance homes, today announced that it will present at two upcoming financial conferences....
Nov 18, 2020 04:00 am ET
NYC Home Sales Reach Pre-Pandemic Levels
NEW YORK, Nov. 18, 2020 /PRNewswire/ -- In October, New York City home buying rose to levels unseen since the spring of 2019, according to the latest StreetEasy Market Reports — an optimistic indicator for the city's economic recovery....
Nov 12, 2020 07:00 am ET
Strong Buyer Competition is Pushing Homes to Sell Above List Price
SEATTLE, Nov. 12, 2020 /PRNewswire/ -- In more evidence that persistent buyer demand is pushing a strong housing market deeper into the year than usual, a new Zillow® analysis finds the share of homes sold above list continues to rise, blowing past the typical mid-summer peak. That is great news for prospective sellers who want to maximize their return from a potential home sale. ...
Nov 10, 2020 03:05 pm ET
Zillow Group to Present at Upcoming Financial Conferences
SEATTLE, Nov. 10, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which is transforming the way people buy, sell, rent and finance homes, today announced that it will present at two upcoming financial conferences....
Nov 06, 2020 07:00 am ET
Intense Buyer Demand Continues to Drive Hot Housing Market
SEATTLE, Nov. 6, 2020 /PRNewswire/ -- Intense and persistent buyer demand is keeping the time on market for houses at incredible lows and pushing prices ever higher above 2019, according to Zillow's Weekly Market Report1. Sales remain high above last year and are expected to stay robust in the coming months. ...
Nov 05, 2020 03:05 pm ET
Zillow Group Reports Third Quarter 2020 Financial Results
SEATTLE, Nov. 5, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which is transforming the way people buy, sell, rent and finance homes, today announced its consolidated financial results for the three months ended September 30, 2020....
Oct 30, 2020 08:00 am ET
Housing Market Shows Signs of Seasonal Cooling Even as Historic Demand Continues
SEATTLE, Oct. 30, 2020 /PRNewswire/ -- The housing market is showing signs of seasonal cooling after a scorching hot summer sales season that stretched uncharacteristically far into fall, according to Zillow's Weekly Market Report1. A nearly six-month acceleration of year-over-year list price increases stabilized this week at 11.7% above 2019. Buyers are quickly buying up what few homes are left on the market, with sales continuing to be dragged down somewhat by increasingly short inventory. ...
Oct 29, 2020 08:00 am ET
Low Mortgage Rates Are Easing Affordability, But Down Payments Are Further From Reach
SEATTLE, Oct. 29, 2020 /PRNewswire/ -- Monthly mortgage payments are becoming increasingly affordable for U.S. homeowners as mortgage rates have hit record lows, a new Zillow® analysis shows. But that masks the difficulties would-be buyers face in getting into homes in the first place after extraordinary price growth has pushed prices further above incomes than they've been in at least the past several years. ...
Oct 27, 2020 08:00 am ET
COVID-19 is Driving the Housing Inventory Crisis in Unexpected Ways
SEATTLE, Oct. 27, 2020 /PRNewswire/ -- A historic inventory crisis is driving up home prices to new highs, but understanding why would-be sellers are sitting on the sideline had been guesswork. Now a new Zillow survey[i] is shedding light on how the pandemic is influencing homeowners who are considering selling in the next three years, and the reasons why they're staying put. ...
Oct 23, 2020 08:00 am ET
Deepening Inventory Shortage Slows Home Sales Even Further
SEATTLE, Oct. 23, 2020 /PRNewswire/ -- The housing market's recent record of superlatives marches on according to Zillow's Weekly Market Report1, as prices soared to new heights and inventory reached record lows — down nearly 50% annually in some major metros. The lack of available homes and an overdue seasonal slowdown may finally be pulling pending sales down after a scorching hot few months....
Oct 23, 2020 05:00 am ET
Manhattan Asking Rents Fall Below $3,000 for First Time Since 2011
NEW YORK, Oct. 23, 2020 /PRNewswire/ -- A record high share of rent cuts contributed to a Manhattan median asking rent of $2,990 in the third quarter of 2020 — the first time this figure has been below $3,000 in nine years....
Oct 22, 2020 08:00 am ET
Stressed About Buying in a Hot Sellers Market? Here's How to Score Your Dream Home
SEATTLE, Oct. 22, 2020 /PRNewswire/ -- Home shoppers wanting to buy right now might be reading headlines about the housing market that are scaring them away -- low inventory, high prices, homes selling at an extremely fast pace across all price ranges. But near-record low mortgage rates are creating a huge opportunity for buyers to get more for their money, and the freedom to telecommute is opening up home shoppers to new, and potentially more affordable, areas to live....
Oct 20, 2020 05:00 pm ET
Zillow Group to Announce Third Quarter 2020 Results Nov. 5
SEATTLE, Oct. 20, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which is transforming the way people buy, sell, rent and finance homes, today announced that its third quarter 2020 financial results will be released after market close on Thursday, Nov. 5, 2020. The company will host a conference call and webcast to discuss its results that afternoon at 2 p.m. PT / 5 p.m. ET. ...
Oct 20, 2020 08:00 am ET
Buckle Up, Buyers: Competition is Most Fierce for Entry-Level Homes
SEATTLE, Oct. 20, 2020 /PRNewswire/ -- Only the weather is cooling down this fall, as the speed of home sales continues to accelerate, especially for shoppers seeking entry-level homes....
Oct 20, 2020 08:00 am ET
Zillow Simplifies Multifamily Advertising by Consolidating Multiple Marketing Solutions into Four Tiered Rent Connect Packages
SEATTLE, Oct. 20, 2020 /PRNewswire/ -- Zillow today announced it is simplifying multifamily advertising with nationwide availability of four tiered Rent Connect marketing packages. Following a successful nine-month pilot in 12 states, the easy-to-understand packages eliminate the need to piece together multiple complicated advertising solutions or separately purchase impressions, and provide multifamily professionals with greater control over their exposure....
Oct 16, 2020 08:00 am ET
Home Values are Growing at a Pace Not Seen Since the Recovery From the Great Recession
SEATTLE, Oct. 16, 2020 /PRNewswire/ -- The housing market has seen record-breaking growth since June, further cementing its strength amid an uncertain economy, according to the latest Zillow® Real Estate Market Report1. ...
Oct 15, 2020 08:00 am ET
Zillow Group Appoints Claire Cormier Thielke to Board of Directors
SEATTLE, Oct. 15 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell, rent and finance homes, today announces the appointment of Claire Cormier Thielke, managing director of Hines Asia Pacific, to the company's Board of Directors, effective immediately. ...
Oct 15, 2020 05:00 am ET
StreetEasy Unveils NYC Home Valuation Alongside New Seller Tools
NEW YORK, Oct. 15, 2020 /PRNewswire/ -- StreetEasy®, NYC's leading real estate platform, today unveiled new dedicated tools and resources for NYC homeowners and sellers. This includes the debut of the StreetEasy Valuation, an AI-powered, NYC-specialized home valuation model that provides homeowners with StreetEasy's estimate of their home's current market value. ...
Oct 13, 2020 08:00 am ET
Vacation Areas are Trending Amid Pandemic
Zillow data reveals vacation home markets rising in popularity with page views of for-sale listings up nearly 50 percent from last year. Listings in areas that include the Jersey Shore, N.J., Cape Cod, Mass., Key West, Fla. and Myrtle Beach, S.C., are among the most "favorited" in the U.S. Pending sales in more than half of vacation-home markets are up at least 30% from last year, compared to pending sales nationwide up 22.2%. SEATTLE, Oct. 13, 2020 /PRNewswire/ -- Impacts from the coronavirus pandemic have rippled out to traditional vacation destinations, which are seeing increased interes...
Aug 07, 2020 09:31 am ET
Thinking about trading options or stock in Biogen Inc, Nio Inc, Zillow Group, Square Inc, or Apple?
NEW YORK, Aug. 7, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BIIB, NIO, ZG, SQ, and AAPL....
Aug 07, 2020 08:00 am ET
Would-Be Home Sellers Slow to Return Despite Buyer Demand
SEATTLE, Aug. 7, 2020 /PRNewswire/ -- Newly pending sales remain well above last year's level, according to Zillow's Weekly Market Reporti. They fell for the second week running in week-over-week numbers, but other measures continue to show a fast-moving market that favors sellers, indicating the recent dip has more to do with a lack of inventory than waning interest from potential buyers. In the rental market, renters and landlords are entering an uncertain period after some added unemployment benefits expired at the end of July. ...
Aug 06, 2020 04:05 pm ET
Zillow Group Reports Second Quarter 2020 Financial Results
SEATTLE, Aug. 6, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell, rent and finance homes, today announced its consolidated financial results for the three months ended June 30, 2020. The company's consolidated quarterly revenue grew 28% year over year to $768 million, driven primarily by a continued increase in Zillow Offers resale volume....
Aug 05, 2020 08:00 am ET
Missed Rent Payments May Balloon as Boosted Aid Expires, Holding Potential for Deep Scars in the Rental Market
SEATTLE, Aug. 5, 2020 /PRNewswire/ -- As 32 million Americans received unemployment benefits in late Junei, more renters were late on their July payments than any other time during the coronavirus pandemic. Boosted government unemployment aid has expired, meaning those numbers are likely to rise even further in coming months. Those missed rent payments could cause a wave of housing insecurity and have the potential for deep impacts not only for renters, but also for rental owners who owe common costs of property ownership and other workers in the industry. ...
Aug 04, 2020 08:00 am ET
Black Applicants Are Far More Likely to be Denied a Mortgage, Limiting Opportunity to Live 'The American Dream'
SEATTLE, Aug. 4, 2020 /PRNewswire/ -- Securing a mortgage is the first step in buying a home, and can be a stressful process for many prospective homeowners. For Black home shoppers, the process is even more daunting, due to a long, unjust history of inequality not just in housing and wealth-building, but also access to credit. Although there has been encouraging progress in increasing the Black homeownership rate, it is still not enough to address the disparities Black communities face. ...
Aug 04, 2020 04:00 am ET
Zillow Resumes Buying Homes in 4 More Zillow Offers Markets
SEATTLE, Aug. 4, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which is transforming the way people buy, sell and finance homes, today resumed buying homes in four more markets and is now buying homes in all 24 markets where Zillow Offers is available1. ...
Aug 03, 2020 08:00 am ET
Urban Rent Slowdown May Signal Renters are Edging Toward the Suburbs
SEATTLE, Aug. 3, 2020 /PRNewswire/ -- While the for-sale market has shaken off the early impact of the coronavirus pandemic and resumed its torrid pre-pandemic pace, rent growth hit the brakes this spring. Rent prices in urban areas have slowed more than those in suburban areas, Zillow® data shows, a possible signal that renters' preferred location is tilting toward the suburbs....
Jul 31, 2020 08:00 am ET
Pace of Home Sales Trending Well Ahead of Last Year
SEATTLE, July 31, 2020 /PRNewswire/ -- Homes shifting from for-sale to pending, a leading indicator of completed sales, are 16.1% higher than last year, Zillow's Weekly Market Reporti shows. New listings are not keeping pace with buyer demand, causing homes to typically sell after only two weeks on the market -- a record pace in Zillow data that dates back to the start of 2019....
Jul 30, 2020 08:00 am ET
Zillow Launches Nationwide Strategic Partnership with D.R. Horton to Deliver More Seamless, Integrated Transactions for Home Shoppers
SEATTLE, July 30, 2020 /PRNewswire/ -- Zillow today announced a new relationship with D.R. Horton to become an exclusive partner to the nation's largest home builder by volume. This partnership gives D.R. Horton homebuyers the opportunity to sell their existing homes through Zillow Offers, allowing for a seamless homebuying process and taking uncertainty out of the transaction. ...
Jul 28, 2020 12:29 pm ET
Zillow Launches New Digital Tools for Safer, Easier Home Shopping
SEATTLE, July 28, 2020 /PRNewswire/ -- The coronavirus pandemic has accelerated the development, rollout and adoption of real estate technology that makes it safer to shop for a home. These digital tools are advancing the future of home shopping, driven by buyers who want an easier, more convenient way to move....
Jul 24, 2020 08:00 am ET
More Homes Were Sold Last Week Despite Desperately Low Inventory
SEATTLE, July 24, 2020 /PRNewswire/ -- More homes went under contract last week than the week prior, and the housing market kept up its blistering pace, according to Zillow's Weekly Market Reporti. Homes that sold last week were on the market for just more than two weeks, tying a record pace in Zillow data that dates back to 2019. ...
Jul 23, 2020 03:34 pm ET
With Added Unemployment Payments Set to Expire, Housing Insecurity Could Reach Perilous Levels
SEATTLE, July 23, 2020 /PRNewswire/ -- More than 32 million peoplei are set to lose the additional $600 per week in unemployment benefits that are part of the Federal Pandemic Unemployment Compensation (FPUC) program. Losing that added compensation on July 31 would send the share of renters facing a severe housing cost burden skyrocketing, a new Zillow® analysis shows, and Black households would be disproportionately affectedii. ...
Jul 21, 2020 04:05 pm ET
Zillow Group to Announce Second Quarter 2020 Results August 6th
SEATTLE, July 21, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which is transforming the way people buy, sell, rent, and finance homes, today announced that its second quarter 2020 financial results will be released after the market close on Thursday, August 6, 2020. ...
Jul 17, 2020 08:00 am ET
Home Shopping Season is in Full Swing After Coronavirus Delay
SEATTLE, July 17, 2020 /PRNewswire/ -- Pre-pandemic forecasts for a frantic home shopping season were put on ice in early spring. But now the frenzy is here -- homes are flying off the market as heavy demand combines with limited inventory, according to the June Zillow® Real Estate Market Reporti....
Jul 17, 2020 05:00 am ET
COVID-19 Transforms Peak Rental Shopping Season in NYC
NEW YORK, July 17, 2020 /PRNewswire/ -- As New York City faced the worst impacts of the coronavirus pandemic in the second quarter of 2020, the city's real estate market reeled. Demand for rentals plummeted at a time when it normally rises, interest in the outer boroughs shot upward, and rents in Manhattan fell for the first time since the Great Recession, according to StreetEasy's Q2 2020 Market Reportsi....
Jul 16, 2020 08:00 am ET
Home Shoppers are Trending Toward Buying Sight-Unseen, Selling Virtually
SEATTLE, July 16, 2020 /PRNewswire/ -- Home buyers and sellers say they are more likely to make the purchase or sale of their biggest financial asset entirely online. ...
Jul 15, 2020 08:00 am ET
No Bargains in Sight as Home Prices Show Little Impact from Coronavirus
SEATTLE, July 15, 2020 /PRNewswire/ -- Home prices are showing resilience against the coronavirus pandemic, a new Zillow® analysis shows. Sale price growth has cooled slightly, but looks to be headed for an upswing in the coming months -- unwelcome news for buyers expecting to score a bargain amid the uncertain economic landscape. ...
Jul 10, 2020 08:00 am ET
Heavy Buyer Demand Tilting Market in Favor of Sellers
SEATTLE, July 10, 2020 /PRNewswire/ -- Sellers have the upper hand in today's housing market, according to Zillow's Weekly Market Reporti. Despite a dip in newly pending sales, homes are flying off the market at a record pace and inventory remains incredibly scarce. ...
Jul 09, 2020 08:00 am ET
Fewer Sellers are Cutting Prices in Tight Housing Market
SEATTLE, July 9, 2020 /PRNewswire/ -- In yet another sign that home sellers have the advantage in the current housing market, a new Zillow® analysis shows the share of listings with a price cut is down compared to last year. Only 4.1% of homes on the market as of June 27 had a price cut, compared to 5.6% at this time last year....
Jul 08, 2020 08:00 am ET
High-End Listings are Surging After a Sharp Spring Tumble
SEATTLE, July 8, 2020 /PRNewswire/ -- A rush of high-end homes hit the market in June, reversing a trend that saw them drop the farthest and fastest when the coronavirus pandemic hit earlier this year. ...
Jul 07, 2020 04:00 am ET
Zillow Resumes Buying Homes in Five More Markets
SEATTLE, July 7, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell and finance homes, today resumed buying homes in five more markets, and is now buying homes again in 201 of the 24 markets where Zillow Offers has launched....
Jul 02, 2020 02:42 pm ET
Pending Sales Dipped Slightly Last Week, But Homes Are Still Moving at Record Pace
SEATTLE, July 2, 2020 /PRNewswire/ -- Homes continue to fly off the market just weeks after they're listed -- faster than any time in at least the past two years, according to Zillow's Weekly Market Report1. That's despite newly pending sales falling week over week for the first time since late May, though they remain well ahead of last month's pace....
Jun 26, 2020 08:00 am ET
New Listings Took a Step Back Last Week, But Sales Activity Continued Steady Climb
SEATTLE, June 26, 2020 /PRNewswire/ -- For-sale inventory took a step back last week as the rate of new home listings slowed, according to Zillow's Weekly Market Reporti. Despite limited inventory, newly pending sales rose once again as buyer activity continues to be strong, and those sales are typically happening faster than they have since 2018. ...
Jun 25, 2020 08:00 am ET
Homes Are Being Snatched Off the Market at Their Fastest Pace in More Than Two Years
SEATTLE, June 25, 2020 /PRNewswire/ -- Homes are selling faster now than any time since spring 2018, a new Zillow® analysis showsi, meaning potential buyers should be prepared to strike quickly, and sellers who have been on the fence through the onset of the coronavirus pandemic might now want to list....
Jun 23, 2020 09:00 am ET
Zillow Now Displays LGBT Non-Discrimination Laws on All Homes
SEATTLE, June 23, 2020 /PRNewswire/ -- Today, Zillow unveiled LGBT Local Legal Protections, a data-powered resource to help people see whether for-sale and rental listings are in communities where state and local regulations explicitly protect individuals who identify as Lesbian, Gay, Bisexual, or Transgender (LGBTi) from discrimination. ...
Jun 22, 2020 08:00 am ET
The End of Open Floor Plans: How Homes Will Look Different After Coronavirus
SEATTLE, June 22, 2020 /PRNewswire/ -- As stay-at-home orders took hold around the country, a home quickly became more than simply a "home" -- it became a school, gym, playground and office practically overnight. Now, many are reconsidering their home's functionality as once popular design features have become less workable -- and turning buyers to new construction homes as an option....
Jun 19, 2020 08:00 am ET
Sales Activity is Ticking Up, But Buyer Options Remain Limited
SEATTLE, June 19, 2020 /PRNewswire/ -- Home buyer demand continues to grow, but their choices became even more slim last week, according to Zillow's Weekly Market Reporti. Newly pending sales rose from the previous week, but new listings and total listings fell. ...
Jun 18, 2020 08:00 am ET
U.S. Home Value Growth Slows, Prices May Fall in Second Half of 2020
SEATTLE, June 18, 2020 /PRNewswire/ -- The housing market has shown resilience during the coronavirus pandemic, slowing as stay-at-home orders were given across the country, but not screeching to a halt. Home values had been staying the course, continuing to grow at roughly the same pace as before the outbreak. But the May Zillow® Real Estate Market Reporti may have revealed the first indication that home values will fall in the second half of the year....
Jun 18, 2020 05:00 am ET
Coronavirus Market Disruption Fuels Largest Brooklyn Price Drop Since 2011
NEW YORK, June 18, 2020 /PRNewswire/ -- The StreetEasy Brooklyn Price Indexi fell to $686,285 in May, a drop of 2.7% from last year, and the largest decline of all boroughs analyzed according to the StreetEasy Market Reportsii. The fall in prices was the largest drop in Brooklyn in nine years. It also marked the first time the borough saw a sharper decline in prices than Manhattan since the summer of 2018, when, led by Manhattan's luxury sector, price growth across the city started to decline....
Jun 17, 2020 08:00 am ET
LGBT Home-Buyers Are Getting Priced Out of Areas With Legal Protections From Discrimination
SEATTLE, June 17, 2020 /PRNewswire/ -- LGBT1 home-buyers and renters must pay a premium to live in states, cities and counties that offer legal protection from discrimination. While it is unlikely that legal protections for LGBT people increase home values, the fact that these jurisdictions are more expensive has a disproportionate impact on LGBT buyers and renters who aspire to live there....
Jun 11, 2020 08:00 am ET
$726 Million in Rent at Risk as Gen Z Moves Back in with Parents During the Coronavirus Pandemic
SEATTLE, June 11, 2020 /PRNewswire/ -- Skyrocketing unemployment across the U.S. has prompted millions of adults to move back in with their parents. A new Zillow® analysis shows potential rent lost from Gen Z alone could total an estimated $726 million, and the ripple effects of their next move could have far-reaching consequences for the housing market. ...
Jun 10, 2020 08:00 am ET
Newly Unemployed Service Workers Owe More Than $1.7 Billion a Month in Housing Payments
SEATTLE, June 10, 2020 /PRNewswire/ -- More than $1.7 billion in rent and mortgage payments is owed each month by U.S. service-sector workers currently receiving unemployment benefits as a result of the coronavirus pandemici -- payments that could be in jeopardy if expanded local and federal unemployment assistance fades or workers remain without incomes longer than expected....
Jun 09, 2020 04:00 am ET
Zillow Resumes Buying Homes in Six Additional Markets as Housing Market Continues Strong Recovery
SEATTLE, June 9, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell and finance homes, is now buying homes in six additional markets, bringing the total to 15....
Jun 04, 2020 08:00 am ET
Spring's Missing Home Sales Will be Added to Coming Years, Experts Say
SEATTLE, June 4, 2020 /PRNewswire/ -- When coronavirus turned the economy upside down, anxiety and uncertainty about the future initially kept many homebuyers and sellers at bay. Inventory and sales have picked up over the past month, though, and a panel of housing experts and economists say the U.S. housing market hasn't lost those missing springtime transactions for good....
May 28, 2020 08:00 am ET
Office Space Tops the Wishlist for Potential Home Shoppers
SEATTLE, May 28, 2020 /PRNewswire/ --...
May 27, 2020 05:00 am ET
New Sales Inventory Drops to Historic Low in NYC
NEW YORK, May 27, 2020 /PRNewswire/ -- April is typically the most popular month for sellers to list their homes on the New York City market, with 5,095 added in the month last year. This year, however, with NYC an epicenter of the global coronavirus pandemic, only 717 new homes came on the market — an 85% decline from 2019, according to the StreetEasy Market Reports[i]....
May 27, 2020 04:00 am ET
Zillow Resumes Home Buying in Five Additional Markets
SEATTLE, May 27, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell and finance homes, has resumed buying homes in five additional Zillow Offers markets, bringing the total to nine. ...
May 26, 2020 08:00 am ET
Coronavirus Causes Biggest Annual Rent Growth Slowdown in at Least Five Years
SEATTLE, May 26, 2020 /PRNewswire/ -- Rent prices slowed more than they had in at least five years when the coronavirus pandemic hit, according to the April Zillow® Real Estate Market Reporti. But the for-sale market continues to heat up after a slower early April....
May 22, 2020 08:00 am ET
The Summer of the "Homecation"
SEATTLE, May 22, 2020 /PRNewswire/ -- This Memorial Day weekend could mark the start of "homecation" season, as Americans reconsider their summer vacation plans and, instead, come up with creative ways to vacation at home. ...
May 21, 2020 05:15 pm ET
Zillow Group to Host Virtual Annual Meeting of Shareholders
SEATTLE, May 21, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) announced today that due to the emerging public health impact of the coronavirus (COVID-19) pandemic and to support the health and well-being of its employees, shareholders, and community, the 2020 Annual Meeting of Shareholders (the "Annual Meeting") will be held in a virtual-only format on June 9, 2020 at 2:00 p.m. Pacific Time. The virtual-only meeting location will be as announced in the proxy materials sent to shareholders on or about April 22, 2020. Shareholders will not be able to attend the Annual Meeting...
May 18, 2020 06:00 am ET
Zillow Resumes Home Buying in Four Markets and Launches Real Estate Health Safety Initiative
SEATTLE, May 18, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell and finance homes, has resumed home buying in four Zillow Offers markets, with a renewed commitment to safety. The company is launching a health safety initiative -- Move Forward. Stay Safe. -- to help protect customers, employees and partners. ...
May 13, 2020 11:54 am ET
A Rise in Remote Work Could Lead to a New Suburban Boom
SEATTLE, May 13, 2020 /PRNewswire/ -- Where people choose to live has traditionally been tied to where they work, a dynamic that through the past decade spurred extreme home value growth and an affordability crisis in coastal job centers. But the post-pandemic recovery could mitigate or even produce the opposite effect and drive a boom in secondary cities and exurbs, prompted not by a fear of density but by a seismic shift toward remote work. ...
May 13, 2020 03:31 am ET
Zillow Group Prices Public Offerings of $384 million of Class C Capital Stock and $500 million of 2.75% Convertible Senior Notes due 2025
SEATTLE, May 13, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) announced today the pricing of concurrent underwritten public offerings of 8,000,000 shares of its Class C capital stock (the "Shares") at a price to the public of $48.00 per share and $500 million aggregate principal amount of its 2.75% convertible senior notes due 2025 (the "Notes"). Zillow Group also granted the underwriters of the Shares offering (the "Shares Offering") a 30-day option to purchase up to an additional 1,200,000 Shares and the underwriters of the Notes offering (the "Notes Offering") a 30-day ...
May 12, 2020 08:00 am ET
New Listings are Ticking Up, With High-End Homes Beginning to Rally After Tumbling the Most
SEATTLE, May 12, 2020 /PRNewswire/ -- New listings of high-end homes dropped the farthest and fastest when the coronavirus pandemic hit the U.S., while affordable listings were less affected, a new Zillow® analysis shows. But as new listings have increased in recent weeks in response to strong buyer demand, more high-end homes are coming onto the market than any other type. ...
May 12, 2020 07:22 am ET
Zillow Group Announces Proposed Public Offerings of $500 million of Class C Capital Stock and $500 million of Convertible Senior Notes
SEATTLE, May 12, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) announced today that it intends to commence concurrent underwritten public offerings of $500 million in shares of its Class C capital stock (the "Shares") and $500 million aggregate principal amount of its convertible senior notes due 2025 (the "Notes"). Zillow Group also intends to grant the underwriters of the Shares offering (the "Shares Offering") a 30-day option to purchase up to an additional $75 million in Shares and the underwriters of the Notes offering (the "Notes Offering") a 30-day option to purchase ...
May 07, 2020 04:05 pm ET
Zillow Group Reports First Quarter 2020 Financial Results
SEATTLE, May 7, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell, rent and finance homes, today announced its consolidated financial results for the three months ended March 31, 2020. The company's consolidated quarterly revenue grew by 148% year over year, driven by increasing Zillow Offers sales velocity and strong performance in the Premier Agent business, despite headwinds in March because of the coronavirus pandemic....
May 04, 2020 05:00 am ET
Zillow Forecasts a Dip in Home Prices, Rebounding By Next Year
SEATTLE, May 4, 2020 /PRNewswire/ -- Buyer demand and healthy housing-market dynamics will prevent U.S. home prices from dropping more than 2-3% -- or more than 1.7% year over year -- in the wake of the coronavirus, according to a forecast released today by Zillow®. The forecast says home sales will fall as much as 60% this spring and take through the end of next year to recover, while prices will fall through the year but recover a few months sooner. ...
Apr 28, 2020 06:38 pm ET
Zillow Group Announces Grants of Inducement Equity Awards
SEATTLE, April 28, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) today announced that on April 28, 2020, the Compensation Committee of its Board of Directors granted equity awards to purchase an aggregate of 301,365 shares of its Class C stock to compensate 92 new employees under the company's 2019 Equity Inducement Plan....
Apr 28, 2020 08:00 am ET
Zillow Launches New Technology to Help Renters Move During COVID-19
SEATTLE, April 28, 2020 /PRNewswire/ -- Renters can now search, find, apply for and lease a home digitally, all from the safety and comfort of their home and all through Zillow Rentals. ...
Apr 27, 2020 04:05 pm ET
Zillow Group to Announce First Quarter 2020 Results May 7
SEATTLE, April 27, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which is transforming how people buy, sell, rent, and finance homes, today announced that it will release the company's first quarter 2020 financial results after the market close on Thursday, May 7, 2020. Zillow Group will host a live conference call and webcast to discuss the results that afternoon at 2 p.m. PT / 5 p.m. ET. ...
Apr 27, 2020 08:00 am ET
Coronavirus Layoffs More Severely Threaten Housing Security for Asian, Latinx and Black Households
SEATTLE, April 27, 2020 /PRNewswire/ -- Massive job losses due to the COVID-19 pandemic have touched nearly every industry in some fashion, but perhaps none more so than food, arts and retail workers. Latinx, Asian and black households will feel the impact of layoffs in these industries most significantly, a new Zillow® analysis showsi....
Apr 24, 2020 05:00 am ET
Home Sales and Inventory Fall as Coronavirus Disrupts NYC Home-Shopping Season
NEW YORK, April 24, 2020 /PRNewswire/ -- ...
Apr 23, 2020 08:00 am ET
Home Sales Show First Positive Signs After Dramatic Slowdown in March
SEATTLE, April 23, 2020 /PRNewswire/ -- Amid an unprecedented health crisis, pending sales in the U.S. housing market fell steeply during the second half of March, according to a new Zillow® Real Estate Market Reporti. But that trendline has leveled off in recent weeks and even begun to increase, a sign that activity may be starting to pick up. ...
Apr 22, 2020 08:00 am ET
Online Home Shopping Activity Signals Buyers Are Returning
SEATTLE, April 22, 2020 /PRNewswire/ -- After a mid-March dip around the time the World Health Organization declared COVID-19 a global pandemic, a new Zillow® analysis shows renewed interest in the housing market as Americans adapt to this temporary normal, including in some U.S. markets that were most affected in the early days of the outbreak. ...
Apr 09, 2020 04:30 pm ET
Coronavirus Impact: New Listings Fall Sharply as Spring Home Shopping Season is Set to Begin
SEATTLE, April 9, 2020 /PRNewswire/ -- Early spring is peak home-shopping season in most years, a time when sellers list homes on the market in droves hoping to take advantage of the increased competition from buyers shaking off the winter doldrums. But a new Zillow® analysis shows that new listings dropped significantly this March and early April as the coronavirus pandemic took holdi. ...
Mar 27, 2020 06:12 pm ET
Zillow Group Announces Grants of Inducement Equity Awards
SEATTLE, March 27, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) today announced that on March 26, 2020, the Compensation Committee of its Board of Directors granted equity awards to purchase an aggregate of 301,055 shares of its Class C stock to compensate 139 new employees under the company's 2019 Equity Inducement Plan....
Mar 26, 2020 08:00 am ET
Two Months without Pay Pushes Food and Retail Workers to Spend 40% of their Annual Income on Rent
SEATTLE, March 26, 2020 /PRNewswire/ -- American renters who work in food and retail industries can find themselves spending 40% of their annual income on housing costs if they are unable to work for two months -- up about six percentage points from their current rent burden....
Mar 25, 2020 08:00 am ET
Despite Low Mortgage Rates, Coronavirus is Slowing the Housing Market
SEATTLE, March 25, 2020 /PRNewswire/ -- It has been a wild ride for mortgage rates over the past month, which touched record lows then rebounded just as fast. Low rates are typically associated with healthy housing demand and a strong market – especially now that we've entered home shopping season – but early signs indicate the market is slowing. ...
Mar 23, 2020 08:30 am ET
Zillow Group Pauses Home Buying in Zillow Offers in Response to COVID-19 and Market Uncertainty
SEATTLE, March 23, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell, rent, and finance homes, today announced it will pause home buying in all 24 markets where Zillow Offers currently operates in response to local public health orders related to COVID-19 and to help protect the safety and health of its employees, customers and partners....
Mar 19, 2020 03:41 pm ET
Home Value Growth Finally Accelerated in February, Ending a 21-Month Slowdown
SEATTLE, March 19, 2020 /PRNewswire/ -- After a nearly two-year slowdown, year-over-year home value growth rose from the month prior in February. The typical home value in the U.S. is now $247,084, a 3.9% increase from a year ago, according to the February Zillow® Real Estate Market Reporti. ...
Mar 19, 2020 05:00 am ET
Brooklyn Rents Rise, Closing Price Gap With Manhattan
NEW YORK, March 19, 2020 /PRNewswire/ -- Rents in February again reached all-time highs across New York City, according to the StreetEasy Market Reportsi. The StreetEasy Brooklyn Rent Indexii saw the largest year-over-year increase of all boroughs analyzed — up 5.5% to $2,745, the biggest jump since 2013....
Feb 27, 2020 07:00 am ET
Dotloop Now with Ontario Real Estate Forms
TORONTO and CINCINNATI, Feb. 27, 2020 /CNW/ -- Dotloop®, an industry-leading, end-to-end transaction management platform for real estate professionals, announced today its first Canadian provincial-wide access to forms. Ontario Real Estate Association's Standard Forms and Clauses are now available directly within dotloop, creating an improved transaction management option for OREA's 80,000 members. ...
Feb 24, 2020 07:00 am ET
Toronto Residents Lack Confidence in Future Homeownership Ability
TORONTO, Feb. 24, 2020 /CNW/ -- For residents of Canada's largest city, Toronto, it is no secret that the housing market presents challenges. According to a recent Zillow and Ipsos survey, Torontonians confidence in their ability to own the home they want is on the decline due to rising home prices. For buyers, 77% are concerned they can't afford the home they want, up four points from 2018. More than two thirds (68%) of sellers are concerned they can afford the home they want, an increase from 55% in 2018....
Jan 09, 2020 08:00 am ET
Canadians Have Growing Concerns Over Mortgage Qualification
More than half of Canadians (56%) See Qualifying for a Mortgage as Barrier to Home Ownership, Up 6 Points from 2018...
Nov 14, 2019 07:00 am ET
Younger Renters and Parents Sacrifice More to Make Rent
SEATTLE, Nov. 14, 2019 /PRNewswire/ -- As rents continue to steadily rise across the U.S., about a quarter of rentersi say affording their rent payments is difficult or very difficult. To make ends meet, two-thirds of those renters make at least one financial sacrifice to afford their home, and half wouldn't be able to afford an unexpected $1,000 expense, according to the 2019 Zillow® Group Consumer Housing Trends Report....
Nov 11, 2019 03:05 pm ET
Zillow Group CEO Rich Barton to Attend 2019 RBC Capital Markets Technology, Internet, Media and Telecommunications Conference
SEATTLE, Nov. 11, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell, rent, and finance homes, today announced that it will webcast a fireside chat discussion from the 2019 RBC Capital Markets Technology, Internet, Media and Telecommunications Conference....
Nov 07, 2019 03:05 pm ET
Zillow Group Reports Third Quarter 2019 Financial Results
SEATTLE, Nov. 7, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell, rent, and finance homes, today announced its consolidated financial results for the three months ended Sept. 30, 2019. The company's consolidated quarterly revenue more than doubled year over year, driven by strong results in Zillow Group's Homes segment and solid performance in the Premier Agent business....
Nov 06, 2019 07:00 am ET
Housing Affordability Outlook is Encouraging for Military Households
SEATTLE, Nov. 6, 2019 /PRNewswire/ -- Active-duty military and veteran households are, on average, better able to afford housing than a typical U.S. household, according to a new Zillow® analysis. ...
Oct 29, 2019 08:00 am ET
New Construction Listings now Live on Zillow in Canada
Zillow has partnered with Brookfield Residential to begin displaying Canadian new construction listings...
Oct 29, 2019 08:00 am ET
New Construction Listings now Live on Zillow in Canada
Zillow has partnered with Brookfield Residential to begin displaying Canadian new construction listings...
Oct 29, 2019 08:00 am ET
Selling a Haunted House? Here's What You Need to Know
SEATTLE, Oct. 29, 2019 /PRNewswire/ -- Your dream home may be haunted, and in most states, sellers don't have to say boo about it. ...
Oct 25, 2019 05:00 pm ET
Zillow Group Announces Grants of Inducement Equity Awards
SEATTLE, Oct. 25, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) today announced that on October 23, 2019, the compensation committee of its Board of Directors granted equity awards to purchase an aggregate of 337,141 shares of its Class C stock to compensate 141 new employees under the company's 2019 Equity Inducement Plan....
Oct 24, 2019 05:00 am ET
NYC Sales Inventory Hits Record as Sellers Refuse to Ease Prices
NEW YORK, Oct. 24, 2019 /PRNewswire/ -- The number of homes for sale reached new highs in Brooklyn and Queens and jumped to near-highs in Manhattan, according to the Q3 2019 StreetEasy Market Reportsi. This latest data shows no imminent change to the gridlocked dynamics of New York City's sales market, where stubbornly high asking prices, especially in Manhattan, have driven away many potential buyers....
Oct 22, 2019 08:00 am ET
Buy a Home or See a Doctor? Millennials and Generation Z Make More Sacrifices to Become Homeowners
SEATTLE, Oct. 22, 2019 /PRNewswire/ -- Home value growth is slowing compared to recent years, but that hasn't made affording one any easier, especially for younger generations. A majority of home buyers (55%) make some sort of financial sacrifice, like cutting their entertainment budget or reducing their savings, in order to buy a home, according to the 2019 Zillow® Group Consumer Housing Trends Report....
Oct 17, 2019 08:00 am ET
U.S. Housing Inventory Falls to New Lows After Rebounding Before Home Shopping Season
SEATTLE, Oct. 17, 2019 /PRNewswire/ -- The gains from a modest buildup of inventory earlier this year were more than erased during the 2019 home shopping season, according to the September Zillow® Real Estate Market Report.i...
Oct 15, 2019 08:00 am ET
From Bay Area Condos to Texas Mansions: What $1 Million Gets You in Today's Housing Market
SEATTLE, Oct. 15, 2019 /PRNewswire/ -- The typical $1 million home in the U.S. is a detached, single-family house that's about 2,200 square feet with four bedrooms and two-and-a-half bathrooms, according to a new Zillow® analysis. ...
Oct 14, 2019 04:05 pm ET
Zillow Group to Announce Third Quarter 2019 Results November 7
SEATTLE, Oct. 14, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which is transforming how people buy, sell, rent, and finance homes, today announced that it will release the company's third quarter 2019 financial results after the market close on Thursday, November 7, 2019. Zillow Group will host a live conference call and webcast to discuss the results that afternoon at 2 p.m. PT / 5 p.m. ET. ...
Oct 10, 2019 08:00 am ET
Uncertainty Causes More Stress for Home Sellers than Repairs and Showings
SEATTLE, Oct. 10, 2019 /PRNewswire/ -- When it comes to selling a home, factors that traditionally have been harder for sellers to control -- like uncertainty about timing and price -- cause the most stress. That's according to the 2019 Zillow Group Consumer Housing Trend Reporti, the largest-ever survey of U.S. home buyers, sellers, owners and renters....
Oct 09, 2019 04:05 pm ET
Zillow Group Announces Closing of Exercise by Initial Purchasers of Option to Purchase an Additional $73 Million of 0.75% Convertible Senior Notes due 2024
SEATTLE, Oct. 9, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) announced today that the initial purchasers of the previously announced private offering of its 0.75% convertible senior notes due 2024 (the "2024 Notes") elected to exercise their option to purchase an additional $73 million aggregate principal amount of the Notes (the "Additional Notes"). The closing of the Additional Notes occurred today. Following today's closing, there is a total of $673 million aggregate principal amount of 2024 Notes outstanding. ...
Oct 08, 2019 08:00 am ET
Latinx Homeownership Rate is Fastest Growing in the Nation, But Still Decades Away From Catching Up With Whites
SEATTLE, Oct. 8, 2019 /PRNewswire/ -- Latinxs are buying homes are a higher rate than the overall U.S. population, beginning to close a gap between the Hispanic and white homeownership rate that has tripled since the start of last century. ...
Oct 07, 2019 07:00 am ET
Zillow Offers Now Live in Sacramento
SACRAMENTO and SEATTLE, Oct. 7, 2019 /PRNewswire/ -- Selling a home is often a complicated, time-consuming process. Starting today, home sellers in Sacramento can skip the work of preparing their home for sale and instead sell directly to Zillow through Zillow Offers. The program is also available to California residents in Riverside and San Diego....
Oct 03, 2019 08:00 am ET
Millennials Are Moving More Frequently Than Previous Generations
SEATTLE, Oct. 3, 2019 /PRNewswire/ -- Millennials are moving more often and living in their homes for a shorter period than previous generations. The share of young adults who have lived in their current home for less than two years is nearly 12 percentage points higher than in 1960i, according to a new Zillow® analysis. ...
Sep 30, 2019 08:00 am ET
Denied and Delayed: How Medical and Student Loan Debt are Limiting Americans' Housing Aspirations
SEATTLE, Sept. 30, 2019 /PRNewswire/ -- Aspiring home buyers with medical debt are more likely than others to be denied a mortgage, while those with student loan debt more often put off buying. That's according to the 4th annual Zillow® Group Report on Consumer Housing Trends, released today....
Sep 27, 2019 05:00 pm ET
Zillow Group Announces Grants of Inducement Equity Awards
SEATTLE, Sept. 27, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) today announced that on September 26, 2019, the compensation committee of its Board of Directors granted equity awards to purchase an aggregate of 458,460 shares of its Class C stock to compensate 196 new employees under the company's 2019 Equity Inducement Plan....
Sep 26, 2019 08:00 am ET
The Nation's Hottest and Coolest Rental Markets are Meeting in the Middle
SAN FRANCISCO, Sept. 26, 2019 /PRNewswire/ -- Rent appreciation has leveled out nationwide, driven in part by slowing growth in many of the nation's hottest markets, according to the latest quarterly HotPads® Rent Report. ...
Sep 24, 2019 08:00 am ET
Independence Delay: Americans Are Living on Their Own Later and Less Often
SEATTLE, Sept. 24, 2019 /PRNewswire/ -- Finishing school, joining the workforce and moving out on your own is a rite of passage for many young people. Today's young adults are taking longer to make this transition, and doing it less often overall, than previous generations, according to a new Zillow® analysis....
Sep 23, 2019 05:00 am ET
Zillow Now Buying and Selling Homes in Austin
AUSTIN, Texas and SEATTLE, Sept. 23, 2019 /PRNewswire/ -- Starting today, home sellers in Austin can get a cash offer from Zillow to buy their home through Zillow Offers, giving them a convenient new way to sell their home. Selling through Zillow Offers gives homeowners the certainty of knowing how much they can sell their current home for, and a quick closing to buy their next home....
Sep 23, 2019 05:00 am ET
Zillow Offers Now Live in San Antonio
SAN ANTONIO and SEATTLE, Sept. 23, 2019 /PRNewswire/ -- Home sellers in San Antonio now have a new option when it comes to selling their homes. Starting today, San Antonio homeowners can get a cash offer from Zillow to buy their homes through Zillow Offers, avoiding the prep work and unpredictability of selling a home traditionally. ...
Sep 19, 2019 02:11 pm ET
New Zillow Offers Partnership with Homebuilders Simplifies Buying a New Home
SEATTLE, Sept. 19, 2019 /PRNewswire/ -- Zillow today announced partnerships with select homebuilders across the country to give home shoppers an easier and more convenient way to move into their dream home. The partnership helps home sellers move into their new construction home without the hassle and stress of selling their existing home traditionally, by using Zillow Offers....
Sep 19, 2019 08:00 am ET
U.S. Rents Accelerate While Home Values Return to Modest Growth
SEATTLE, Sept. 19, 2019 /PRNewswire/ -- Home value growth returned to a steady pace in August after a slowdown in the first half of the year, according to the August Zillow® Real Estate Market Reporti. Quarter-over-quarter growth reached an annualized rate of 3.4%, up from 0.4% in May. ...
Sep 19, 2019 05:00 am ET
As NYC Home Prices Plunge, Rents Rise at Fastest Rates Since 2016
NEW YORK, Sept. 19, 2019 /PRNewswire/ -- The NYC rental market continues to move in the opposite direction of the weakening sales market, with rents across the city rising at their fastest pace since 2016, according to the August 2019 StreetEasy Market Reportsi. ...
Sep 17, 2019 08:00 am ET
It Pays to Shop for a Mortgage (More Than You Might Think)
SEATTLE, Sept. 17, 2019 /PRNewswire/ -- The typical home buyer spends more than four months shopping for the perfect place. They tour an average of more than four homes, attend two open houses and make two offersi. That's not to mention the hours spent browsing online listings....
Sep 12, 2019 08:00 am ET
Escape from New York and LA: Renters Look to Flee High Prices
SAN FRANCISCO, Sept. 12, 2019 /PRNewswire/ -- As rent prices continue to rise across the country, renters looking to move to a different metro area are increasingly searching for homes and apartments in more affordable places, according to a new HotPads® analysisi....
Sep 10, 2019 08:00 am ET
Experts: New Construction Shortage Will Persist Until At Least 2022
SEATTLE, Sept. 10, 2019 /PRNewswire/ -- While home values have recovered since the Great Recession and, in many cases, surpassed their pre-recession peaks, single-family home construction activity has continued to languish. The rate of new housing starts will likely remain below historic averages until 2022 or later, according to a panel of economists and real estate experts. ...
Sep 09, 2019 05:49 pm ET
Zillow Group Announces Closing of $600 Million of 0.75% Convertible Senior Notes due 2024 and $500 Million of 1.375% Convertible Senior Notes due 2026 Offerings
SEATTLE, Sept. 9, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) announced today the closing of its previously announced private offering of its 0.75% convertible senior notes due 2024 (the "2024 Notes") and 1.375% convertible senior notes due 2026 (the "2026 Notes"). Zillow Group issued $600 million aggregate principal amount of its 2024 Notes and $500 million aggregate principal amount of its 2026 Notes. In addition, each of the initial purchasers have a 30-day option to purchase up to an additional $90 million aggregate principal amount of the 2024 Notes and a 30-day optio...
Sep 09, 2019 08:00 am ET
Zillow Group Appoints Rian Furey President of Zillow Home Loans
SEATTLE, Sept. 9, 2019 /PRNewswire/ -- Zillow Group, which is transforming the way people buy, sell, rent and finance homes, today announced Rian Furey has joined the company as President of Zillow Home Loans, bringing more than 20 years of direct consumer lending operations and capital markets experience to Zillow's growing mortgage business. Furey will report to Greg Schwartz, President, Media & Marketplaces of Zillow Group....
Sep 09, 2019 07:00 am ET
Zillow Now Buying Homes in San Diego
SAN DIEGO and SEATTLE, Sept. 9, 2019 /PRNewswire/ -- Starting today, home sellers in San Diego can use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home. Zillow Offers is a new way to sell your home which aims to reduce the stress and uncertainty that typically goes along with selling. ...
Sep 05, 2019 08:00 am ET
Rural Areas Lagging Behind in Post-Recession Recovery
SEATTLE, Sept. 5, 2019 /PRNewswire/ -- In the decade following the Great Recession, job growth has been disproportionately concentrated to the largest U.S. job centers, and home values in these markets have risen accordingly. The 25 largest job markets have accounted for more than half of employment growth and nearly two-thirds of home value growth in the U.S. since July 2009, according to a new Zillow® analysis. ...
Sep 05, 2019 06:00 am ET
Zillow Group Prices Upsized Offering of $600 Million of 0.75% Convertible Senior Notes due 2024 and Offering of $500 Million of 1.375% Convertible Senior Notes due 2026
SEATTLE, Sept. 5, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) announced today the pricing of its offering of $600 million aggregate principal amount of its 0.75% convertible senior notes due 2024 (the "2024 Notes") and $500 million aggregate principal amount of its 1.375% convertible senior notes due 2026 (the "2026 Notes") in private placements under the Securities Act of 1933, as amended (the "Securities Act"). The aggregate principal amount of the offering of 2024 Notes was increased from the previously announced offering size of $500 million. Zillow Group also granted ...
Sep 03, 2019 04:08 pm ET
Zillow Group Announces Proposed Offerings of $500 Million of Convertible Senior Notes due 2024 and $500 Million of Convertible Senior Notes due 2026
SEATTLE, Sept. 3, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) announced today that it intends to offer, subject to market and other conditions, $500 million aggregate principal amount of its convertible senior notes due 2024 (the "2024 Notes") and $500 million aggregate principal amount of its convertible senior notes due 2026 (the "2026 Notes") in a private placement under the Securities Act of 1933, as amended (the "Securities Act"). Zillow Group also intends to grant to each of the initial purchasers of the Notes a 30-day option to purchase up to an additional $75 milli...
Aug 30, 2019 04:30 pm ET
Zillow Group Announces Grants of Inducement Equity Awards
SEATTLE, Aug. 30, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) today announced that on August 27, 2019, the compensation committee of its Board of Directors granted equity awards to purchase an aggregate of 535,011 shares of its Class C stock to compensate 286 new employees under the company's 2019 Equity Inducement Plan....
Aug 27, 2019 09:30 am ET
New Teachers Spend Nearly Half Their Income on Rent
SEATTLE, Aug. 27, 2019 /PRNewswire/ -- Entry-level teachersi will need to spend more than half of their salaries on the typical rent in 19 of the 50 largest U.S. metro areas this school year, according to a new Zillow® analysis. ...
Aug 22, 2019 12:05 pm ET
Zillow Group's First-Ever Sustainability Report Highlights Commitment to Pay Equity, Environmental Initiatives
SEATTLE, Aug. 22, 2019 /PRNewswire/ -- Zillow® Group, Inc., which is transforming how people buy, sell, rent, and finance homes, today released its first Sustainability Report detailing the company's current environmental, social impact, and governance practices and achievements....
Aug 22, 2019 05:00 am ET
NYC Sellers Offer Fewer Price Cuts Despite a Surplus of Homes for Sale
NEW YORK, Aug. 22, 2019 /PRNewswire/ -- Though the NYC sales market continued to slow in July, sellers offered fewer discounts than they did earlier in the summer, according to the July 2019 StreetEasy Market Reportsi....
Aug 21, 2019 08:00 am ET
Pool Envy: Renters Pay $70 More for a Pool
SAN FRANCISCO, Aug. 21, 2019 /PRNewswire/ -- As temperatures rise this summer, renters across the country might look for a swimming pool to cool off in. Having that pool just outside your door comes at a cost – a new HotPads® analysis finds that among the 50 largest U.S. metro areas, homes and apartments with pools rent for $70 more, or 4.5% extra, per month on average....
Aug 20, 2019 08:00 am ET
Zillow Now Partners with over 250 Canadian Brokerages and Franchisors
Partners' for-sale listings get exposure to Zillow's global home shopper audience...
Aug 20, 2019 08:00 am ET
Zillow Now Partners with over 250 Canadian Brokerages and Franchisors
Partners' for-sale listings get exposure to Zillow's global home shopper audience...
Aug 19, 2019 04:00 am ET
Zillow Offers Now Live in Miami and Ft. Lauderdale
MIAMI and SEATTLE, Aug. 19, 2019 /PRNewswire/ -- Starting today, home sellers in Miami, Fort Lauderdale, and other parts of South Florida can use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home. ...
Aug 16, 2019 08:00 am ET
U.S. Home Value Growth Strong, but Slowing
SEATTLE, Aug. 16, 2019 /PRNewswire/ -- U.S. home value growth continues to slow, according to the July Zillow® Real Estate Market Reporti. The rate of annual home value appreciation decreased for the seventh straight month in July. ...
Aug 13, 2019 08:00 am ET
Most Young Adults Expect Climate Change to Affect Them Personally
SEATTLE, Aug. 13, 2019 /PRNewswire/ -- As we enter the start of hurricane and fire season, a new survey by Zillow® shows half (50%) of residents of major U.S. metro areas believe climate change will affect their homes or communities within their lifetime. ...
Aug 07, 2019 04:05 pm ET
Zillow Group Reports Second Quarter 2019 Financial Results
Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming how people buy, sell, rent, and finance homes, today announced its consolidated financial results for the three months ended June 30, 2019. The company reported 84% year-over-year...
Aug 07, 2019 04:04 pm ET
Zillow Offers Coming to Cincinnati, Jacksonville, Oklahoma City and Tucson
SEATTLE, Aug. 7, 2019 /PRNewswire/ -- Home sellers in Cincinnati, Jacksonville, Fla., Oklahoma City and Tucson, Ariz. will soon be able to use Zillow Offers™ to request a no-obligation cash offer from Zillow to buy their home. ...
Aug 06, 2019 08:00 am ET
Recessions Typically Have Limited Effect on the Housing Market
SEATTLE, Aug. 6, 2019 /PRNewswire/ -- Other than the housing-led Great Recession of the late 2000s, home values have typically continued to grow through national and statewide recessions over the past quarter-century. This according to a new analysis by Zillow®. ...
Aug 05, 2019 05:00 am ET
Zillow Offers Now Live in Nashville
NASHVILLE, Tennessee, Aug. 5, 2019 /PRNewswire/ -- Starting today, home sellers in Nashville can use Zillow Offers to request a cash offer from Zillow to buy their home. ...
Jul 31, 2019 01:20 pm ET
U.S. Coastal Communities Have Built Nearly 20,000 New Homes in Areas at Risk from Rising Seas
SEATTLE and PRINCETON, N.J., July 31, 2019 /PRNewswire/ -- As America's coastal communities continue to build homes in flood-risk zones, a new analysis by Climate Central and Zillow® shows that nearly 20,000 homes built in the past decade are at significant risk of chronic coastal flooding by 2050....
Jul 31, 2019 01:04 pm ET
Dotloop Announces Intent to be Keller Cloud Innovation Partner
CINCINNATI, July 31, 2019 /PRNewswire/ -- As the industry-leading, comprehensive transaction management platform for real estate professionals, Dotloop® announces today its intent to become a Keller Cloud Innovation Partner. In the KCIP role, Dotloop would work with Keller Williams as the real estate franchise expands on its CRM, Command....
Jul 25, 2019 08:30 am ET
Zillow Signs on to Congressional Historically Black Colleges and Universities Partnership Challenge to cultivate and recruit tomorrow's talented, diverse workforce today
SEATTLE, July 25, 2019 /PRNewswire/ -- While attending the 2nd Diversity in Tech Summit at Howard University in Washington D.C., Zillow today signed on to the Historically Black Colleges and Universities (HBCU) Partnership Challenge created by the congressional Bipartisan HBCU Caucus....
Jul 25, 2019 08:00 am ET
Next Recession Will Begin in 2020, Experts Say
SEATTLE, July 25, 2019 /PRNewswire/ -- The United States set a record for the longest economic expansion this month, and it is expected to go on even longer. The next recession will likely begin in 2020, according to a panel of housing experts and economists. ...
Jul 25, 2019 05:00 am ET
NYC Sales Market Strengthens, But Inventory Surplus Remains
NEW YORK, July 25, 2019 /PRNewswire/ -- With a higher New York City mansion tax looming, buyers and sellers rushed to close deals on expensive homes in the second quarter of 2019, driving the median recorded sale price in Manhattan to a record high of $1,161,496 — an 11% increase from last year, according to the latest StreetEasy Market Reportsi....
Jul 22, 2019 01:13 pm ET
U.S. Rent Growth Accelerates as Home Values Stabilize
SEATTLE, July 22, 2019 /PRNewswire/ -- U.S. rent values continued their growth streak, accelerating for the ninth-straight month, according to the June Zillow® Real Estate Market Reporti....
Jul 22, 2019 06:00 am ET
Zillow Offers Expands to Colorado Springs and Fort Collins as Satellite Markets of Denver
COLORADO SPRINGS and FORT COLLINS, Colo., July 22, 2019 /PRNewswire/ -- Starting today, home sellers in Colorado Springs and Fort Collins, Colo., can use Zillow Offers to request a cash offer from Zillow to buy their home. These two Front Range markets are new satellite markets of the existing Zillow Offers Denver operations, which first opened in October 2018. ...
Jul 17, 2019 04:05 pm ET
Zillow Group to Announce Second Quarter 2019 Results on August 7
Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which is transforming how people buy, sell, rent, and finance homes, today announced that it will release the company’s second quarter 2019 financial results after the market close on Wednesday, August...
Jul 15, 2019 07:00 am ET
Zillow Now Buying and Selling Homes in Portland
PORTLAND, Ore., July 15, 2019 /PRNewswire/ -- Starting today, home sellers in the Portland, Oregon metro -- including Vancouver, Wash. -- can use Zillow Offers to request a cash offer from Zillow to buy their home. ...
Jul 10, 2019 08:00 am ET
Mortgage Payment Within Reach for High School Grads in Most Cities
SEATTLE, July 10, 2019 /PRNewswire/ -- Households including at least one person with a high school diploma or GED can afford the typical mortgage payment in most large metro areas across the U.S.i, according to a new analysis by Zillow®. But soaring home values that have outpaced incomes have made down payments a barrier for many, particularly first-time home buyers. ...
Jul 02, 2019 08:00 am ET
Rents are Rising Fastest in the Sun Belt
SAN FRANCISCO, July 2, 2019 /PRNewswire/ -- As the rental market continues to heat up nationwide, rent prices are rising the fastest in sun belt cities, according to the latest quarterly HotPads® Rent Report. Of the 10 fastest-rising rental markets in the United States, only one – Salt Lake City – is not in the sun belt....
May 23, 2019 08:00 am ET
It's a Beautiful (and Expensive) Day in the Gayborhood
SEATTLE, May 23, 2019 /PRNewswire/ -- In most major cities in the United States, homes in gayborhoods are worth more than the typical home – in some cases several times more. ...
May 23, 2019 05:00 am ET
Wave of NYC Home Sales May Point to Strengthening Market
NEW YORK, May 23, 2019 /PRNewswire/ -- The number of for-sale homes going into contract spiked in April, particularly in Manhattan, an indicator that the NYC sales market may be strengthening. Pending salesi in Manhattan increased 26.6% from last year, reaching their highest levels since the spring of 2015 — an encouraging sign for New Yorkers looking to sell their home this year....
May 21, 2019 08:00 am ET
BoHo, Minimalism Top Zillow's 2019 Outdoor Living Trends
SEATTLE, May 21, 2019 /PRNewswire/ -- It's easier than ever to create an outdoor oasis that's an extension of your home, and this summer's biggest trend is creating a backyard space that is as comfortable as your indoor one. Design styles like bright and bold BoHo and Scandinavian minimalism are heading outside, according to Zillow®'s 2019 Outdoor Living Trends Report. ...
May 16, 2019 08:00 am ET
U.S. Home Values Fall for the First Time in Seven Years
SEATTLE, May 16, 2019 /PRNewswire/ -- U.S. home values fell from March to April, the first month-over-month decline since February 2012, according to the April Zillow® Real Estate Market Reporti....
May 13, 2019 05:00 am ET
Zillow Now Buying and Selling Homes in the Twin Cities
SEATTLE, May 13, 2019 /PRNewswire/ -- Starting today, home sellers in Minneapolis-Saint Paul can use Zillow Offers™ to request a no-obligation cash offer from Zillow to buy their home. ...
May 09, 2019 04:05 pm ET
Zillow Group Reports First Quarter 2019 Results
Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming how people buy, sell, rent, and finance homes, today announced its consolidated financial results for the three months ended March 31, 2019. Complete financial results can be found in...
May 09, 2019 04:00 pm ET
Zillow Offers Coming to Austin, Los Angeles, Sacramento, San Antonio, San Diego and Tampa
SEATTLE, May 9, 2019 /PRNewswire/ -- Home sellers in Austin, Los Angeles, Sacramento, San Antonio, San Diego and Tampa will soon be able to use Zillow Offers™ to request a no-obligation cash offer from Zillow to buy their home. Zillow announced today plans to launch Zillow Offers in each of these six markets by the end of the first quarter of 2020. ...
May 09, 2019 08:00 am ET
Rent is Becoming Less Affordable for College Graduates
SAN FRANCISCO, May 9, 2019 /PRNewswire/ -- Rising rents and slow income growth are making it harder for early-career renters to afford housing, according to a new HotPads® analysisi. In fact, the rent burden has grown more quickly for recent college graduates in 45 majors – including U.S. history, music, biology and early childhood education – than it has for renters without a four-year degree....
May 07, 2019 08:00 am ET
More Than One in Five Millennials Still Live With Mom
SEATTLE, May 7, 2019 /PRNewswire/ -- More people age 23-37 are living with their moms than at any time this century, according to a Zillow® analysisi. Nearly 22% of American millennials – more than 14 million in total – live with their mom or both parents, the highest share for this age group since at least 2000....
May 03, 2019 08:00 am ET
Ready, Set, Home! Tips for Buyer and Seller Success in 2019's Uncertain Shopping Season
SEATTLE, May 3, 2019 /PRNewswire/ -- The magic window for sellers just opened – the first two weeks of May are the best time to list a home, according to Zillow® research, when sellers can make more money and sell faster. ...
Apr 30, 2019 08:00 am ET
Coming Wave of Young Millennial Home Buyers Expected to Further Tighten Market for Starter Homes
SEATTLE, April 30, 2019 /PRNewswire/ -- Nearly 45 million people in the U.S. will reach the typical age for first-time home buyers in the next 10 years – 3.1 million more than the past decade – creating more demand in an already challenging market for those looking to get into their first home....
Apr 29, 2019 07:00 pm ET
Bragar Eagel & Squire, P.C. Reminds Investors that it is Investigating the Boards of Directors of Camping World, National General, and Zillow Group on Behalf of Stockholders and Encourages Investors t
Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of the following companies: Camping World Holdings, Inc. (NYSE: CWH) - Click here to participate in the action. National General...
Apr 25, 2019 08:00 am ET
Black and Hispanic Communities are Still Reeling from the Foreclosure Crisis
SEATTLE, April 25, 2019 /PRNewswire/ -- Millions of homeowners across the country lost their homes in the foreclosure crisis, missing out on the opportunity to regain and grow their net wealth as the housing market recovered. But in black and Hispanic communitiesi, the foreclosure crisis hit especially hard, and foreclosed homes in those areas have yet to fully recover, according to a new Zillow® analysis. ...
Apr 24, 2019 08:00 am ET
Chicago, Los Angeles and Atlanta are the Most Sought-After Rental Markets
SEATTLE, April 24, 2019 /PRNewswire/ -- Chicago, Los Angeles and Atlanta are currently the most popular rental markets in the United States, according to a new HotPads® analysisi. These markets are the most popular among renters looking to relocate, and current residents aren't looking to leave....
Apr 23, 2019 08:00 am ET
Inventory Growth Fueled by Softening Demand, Not More Sellers
SEATTLE, April 23, 2019 /PRNewswire/ -- Despite an increase in the total pool of for-sale inventory, the number of new listings on the housing market has fallen year-over-year in each of the past four months, according to the March Zillow® Real Estate Market Reporti. ...
Apr 22, 2019 08:00 am ET
Zillow Launches AI-Powered 3D Home Tours Across United States and Canada
For the first time 3D home tour technology is widely available for free, marking another step in Zillow's work to turn home buying and selling into a seamless, on-demand experience for consumers....
Apr 22, 2019 08:00 am ET
Zillow Launches AI-Powered 3D Home Tours Across United States and Canada
For the first time 3D home tour technology is widely available for free, marking another step in Zillow's work to turn home buying and selling into a seamless, on-demand experience for consumers....
Apr 19, 2019 09:00 am ET
Zillow Group to Announce First Quarter 2019 Results on May 9
Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which is transforming how people buy, sell, rent, and finance homes, today announced that it will release the company’s first quarter 2019 financial results after the market close on Thursday, May 9,...
Apr 18, 2019 05:00 am ET
NYC Rents Hit All-Time Highs as Discounts Diminish
NEW YORK, April 18, 2019 /PRNewswire/ -- As the New York City sales market continued to weaken in the first quarter of 2018, asking rents across the city rose to record highs, according to the latest StreetEasy Market Reports. ...
Apr 17, 2019 01:45 pm ET
Zillow Group Celebrates One-Year Anniversary of Zillow Offers; Opens Southwest Hub in Phoenix area
SCOTTSDALE, Ariz., April 17, 2019 /PRNewswire/ -- Zillow Group, which houses one of the largest portfolio of real estate brands on mobile and web, is celebrating one year of buying and selling homes directly through its Zillow Offers business. ...
Apr 16, 2019 08:00 am ET
Going Green: Homes with Solar Panels Sell for 4.1% More
SEATTLE, April 16, 2019 /PRNewswire/ -- More than 80 percent of home buyers say energy-efficient features are important[i], a truth that's reflected by data showing homes with solar energy systems fetch higher prices. ...
Apr 15, 2019 05:30 am ET
Zillow Offers Now Live for Home Sellers in Dallas-Fort Worth
SEATTLE, April 15, 2019 /PRNewswire/ -- Home sellers in Dallas can now use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home. Dallas is the second Texas market, following Houston, where Zillow is now buying and selling homes. ...
Apr 11, 2019 08:00 am ET
Get Cozy: Walls Are Closing in on Today's Renters
SEATTLE, April 11, 2019 /PRNewswire/ -- It's not just your imagination; renters are getting less bang for their buck these days. U.S. renters have to squeeze into homes 15 percent smaller than they would have five years ago to keep their monthly payment the same, according to a new HotPads® analysis....
Apr 09, 2019 08:00 am ET
Sellers Spend Nearly $21,000 to Sell a Home in 2019
SEATTLE and SAN FRANCISCO, April 9, 2019 /PRNewswire/ -- Home sellers in the United States spend $20,851 on average to sell their homes, according to Zillow® and Thumbtack's 2019 Hidden Costs of Selling analysis. This includes closing costs, but also the improvements and other projects made when people are preparing their homes for sale....
Apr 09, 2019 08:00 am ET
Zillow Group Names Dawn Lyon Chief Corporate Relations Officer
SEATTLE and SAN FRANCISCO, April 9, 2019 /PRNewswire/ -- Zillow® Group, Inc. (Nasdaq: Z and ZG), which houses a portfolio of the largest and most vibrant real estate and home-related brands on mobile and web, today announced that Dawn Lyon has been appointed to the new position of chief corporate relations officer. Lyon oversees Zillow Group's Corporate Communications, Government & Community Relations and Investor Relations, reporting to Zillow Group CEO Rich Barton....
Apr 04, 2019 08:00 am ET
Homes with Chef-Inspired Kitchen Features Sell for Up to 34 Percent More; Yet Millennial Buyers Pay Premiums for Pizza and Wine
SEATTLE, April 4, 2019 /PRNewswire/ -- A home's listed features can have a significant impact on how much it sells for and how quickly it sells. Zillow's 2019 Home Features that Sell Analysis found that for-sale listings mentioning 'steam oven' or 'professional appliance' sold for up to 34 percent more than expected. Six out of the top ten features in homes that sold for more than expected were entertainer-friendly kitchen amenities. ...
Apr 02, 2019 08:00 am ET
Sale Prices Jump After Communities Named Opportunity Zones
SEATTLE, April 2, 2019 /PRNewswire/ -- Investors appear to be flocking to Opportunity Zones, where they can receive a discount on capital gains taxes for investing within certain areas. ...
Apr 02, 2019 08:00 am ET
Zillow Group launches Zillow Home Loans to Support Zillow Offers
SEATTLE and OVERLAND PARK, Kan., April 2, 2019 /PRNewswire/ -- Zillow Group, which houses the largest portfolio of real estate brands on mobile and Web, today launched Zillow Home Loans to deliver an easier and streamlined mortgage experience to consumers. Home shoppers who visit Zillow to shop for a mortgage can now get financing directly from Zillow Home Loans....
Mar 29, 2019 12:00 pm ET
Zillow Now Has More Than 100 Canadian Listing Partners
Zillow announces additional agreements with brokerages and franchisors in Canada...
Mar 29, 2019 12:00 pm ET
Zillow Now Has More Than 100 Canadian Listing Partners
Zillow announces additional agreements with brokerages and franchisors in Canada...
Mar 29, 2019 08:00 am ET
Rents Growth Accelerates After a Relatively Flat 12 Months
SAN FRANCISCO, March 29, 2019 /PRNewswire/ -- Across the U.S., rent growth is picking up its pace following a year of relatively stagnant appreciation, according to the latest quarterly HotPads® Rent Report. ...
Mar 28, 2019 08:00 am ET
Cooling Market Provides New Opportunity for First-Time Buyers
SEATTLE, March 28, 2019 /PRNewswire/ -- First-time home buyers can expect an easier home shopping experience this spring, as market conditions shift in their favor, welcome news for buyers who have struggled to break into the market. ...
Mar 26, 2019 08:00 am ET
Paint and Landscape, But Then What? Here's How Home Sellers Should Prep to Get the Biggest Bang for their Buck
SEATTLE, March 26, 2019 /PRNewswire/ -- Home shopping season is quickly approaching, which means home sellers are busy cleaning, painting, decluttering, landscaping and deciding which other projects might reap the greatest reward given limited time and money. Their best bet – once the curb appeal projects are done, tackle the bathrooms....
Mar 21, 2019 08:00 am ET
Overlooked Expenses Can Cost Renters an Extra $3,400 a Year
SAN FRANCISCO, March 21, 2019 /PRNewswire/ -- Beyond the listed rent, U.S. renters can spend $3,420 a year on costs associated with moving into and living in a rental, according to a new HotPads® analysisi....
Mar 21, 2019 05:00 am ET
Manhattan Homes Linger on Market, Forcing Sellers to Cut Prices
NEW YORK, March 21, 2019 /PRNewswire/ -- Many sellers across the city cut prices on their homes this February as winter brought a chill to the sales market. In Manhattan, more than one in ten homes had their prices cut, and inventory increased by 11.7 percent from last year. With the share of price cuts and inventory levels high across the borough, prices cooled, too. The StreetEasy Manhattan Price Indexii dropped 4.3 percent to $1,119,183, its lowest level since July 2015....
Mar 19, 2019 08:00 am ET
Florida and Las Vegas are the Best Markets for First-time Homebuyers
SEATTLE, March 19, 2019 /PRNewswire/ -- First-time buyers looking for an affordable home without steep competition will have the best luck in Tampa, Florida, according to Zillow®'s 2019 Best Markets for First-Time Buyers Analysis. This is the second year in a row that Tampa tops this list....
Mar 14, 2019 08:00 am ET
Rent Growth Hits 10-Month High as Home Value Appreciation Drops Sharply
SEATTLE, March 14, 2019 /PRNewswire/ -- Rent prices grew at their fastest rate in 10 months in February, reaching 2.4 percent year-over-year appreciation, according to the February Zillow® Real Estate Market Report[i]. ...
Mar 12, 2019 08:00 am ET
Better to Protect Against Natural Disasters Than Insure Against Them, Experts Say
SEATTLE, March 12, 2019 /PRNewswire/ -- With climate change and natural disasters posing a growing threat to communities across the United States, economists and real estate experts favor funding for preventative measures and construction regulations over the government providing or requiring insurance. ...
Mar 11, 2019 08:00 am ET
Zillow Now Buying and Selling Homes in Riverside
SEATTLE, March 11, 2019 /PRNewswire/ -- Starting today, home sellers in Riverside, Calif. can use Zillow Offers to request a cash offer from Zillow to buy their home. Riverside is the first California market where Zillow is buying and selling homes. ...
Mar 07, 2019 07:00 am ET
Buyers Increasingly Gaining Power in Hot West Coast Markets
SEATTLE, March 7, 2019 /PRNewswire/ -- Limited inventory and rapid price appreciation have kept sellers firmly in the driver's seat for several years as the United States recovered from the housing market collapse. Now, buyers are gaining more negotiating power as the housing market slows, especially in some of the nation's hottest markets. ...
Mar 06, 2019 07:10 am ET
Consolidated Research: 2019 Summary Expectations for Zillow Group, Selective Insurance Group, Wayfair, Sonoco Products, Healthcare Services Group, and Enviva Partners, LP — Fundamental Analysis, Key P
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Zillow Group, Inc. (NASDAQ:ZG), Selective Insurance Group, Inc....
Mar 05, 2019 07:00 am ET
After Mortgage Payment, Washington, D.C., Residents Have Greatest Remaining Income
SEATTLE, March 5, 2019 /PRNewswire/ -- Amid worsening affordability in the U.S., people in the Washington, D.C., metro area have the most money left over after they pay their mortgage, according to a new Zillow® analysisi....
Feb 28, 2019 07:00 am ET
Those Saving for a Down Payment can Afford a Home Nearly Three Years Sooner by Moving Back in with Mom or Dad
SAN FRANCISCO, Feb. 28, 2019 /PRNewswire/ -- Housing expenses add two years and 10 months to the time it takes a typical renter to save for a 20 percent down payment on the median U.S. home, according to a new HotPads® analysis....
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