Housing Costs Take Up Biggest Share of Income since 2010

Appreciating home values and rising interest rates inflated the typical monthly mortgage payment $68 in 2016, up to $758, according to a recent analysis by Zillow, with approximately 16 percent of the median household income now needed for housing each month—the biggest share since 2010. “As mortgage rates rise, buyers will face higher financing costs […]

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Shortcuts: Zillow Group’s power play, actual intelligence, and NAR’s next move

Zillow Group has been using its leverage in more dramatic fashion recently. The headline this week is an upcoming moratorium on agent-posted listings …

Where the Best Markets Are for Homebuyers and Sellers

Home sellers have more bargaining chips in today’s market—they profited an average 21 percent on sales in 2016—but in some areas, the tables have turned in favor of homebuyers. The strongest seller’s markets, according to a new report by Zillow, are clustered in California, while the strongest buyer’s markets dot the East Coast. “The overall […]

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Zillow Group appoints April Underwood to its board of directors as Pete Flint exits

Zillow Group has added April Underwood, the vice president of product at Slack, to its board of directors — just as Trulia co-founder Pete Flint is exiting …

Podcast: How a real estate broker-owner closes 20 Zillow deals a year

Have you tried unsuccessfully to bring in additional real estate business and close more deals on Zillow …

Zillow Group plans to appeal $8M photo copyright verdict

A jury has ordered Zillow Group to pay $8.24 million in statutory damages for infringing photo company VHT’s copyright on images displayed on Zillow Digs, according to a Feb. 9 SEC filing …

What’s in Store for the Luxury Real Estate Market in 2017?

Eight years after the housing bubble, homebuyers are still exercising caution. This is particularly seen in the luxury real estate market, which ended 2016 on a slow note. A combination of oversupply and rising housing costs in cities like San Francisco and New York left buyers feeling choked out. Will the market improve in 2017? […]

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Then Comes Marriage…or a House

More young homebuyers today are unmarried couples—in fact, according to a recent analysis by Zillow, 15 percent of homebuyers aged 24-35 are unmarried couples, up 4 percent from 2005. The trend, says Zillow Chief Economist Dr. Svenja Gudell, is taking off due to limited affordability, compounded by out-of-reach home values. “Buying a home is a […]

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How property portals are expanding offerings across the value chain

Big property portals around the world have built their businesses off of advertising. Much like the classified sections in the newspapers they replaced, portals like Zillow Group in the U.S. and Rightmove in the U.K. offer the most prominent way to adv…

Zillow Group posts net loss of $220M in 2016

In an earnings report today, Zillow Group, the operator of listing portals Zillow and Trulia, posted a net loss of $220 million in 2016. The loss includes the impact of a $130 million legal settlement with archrival Move Inc …