$1M neighborhoods on the rise in coastal metros: Zillow

Since 2014, the U.S. has gained 346 new $1 million neighborhoods, which can be a good thing — or a not-so-good thing, depending on how you look at it. According to Zillow, nearly one in 20 residential ZIP codes fall into this category because 10 percent of the homes in the area are worth $1 million or more …

Century 21 Names Nick Bailey President and CEO

Century 21 Real Estate has named Nick Bailey, former executive at Zillow Group, president and CEO, the company announced Wednesday. Bailey, a 20-year veteran of the real estate industry known as a leader in brokerage, franchising, management and technology, will be responsible for building on the brand’s foundation and positioning the brand in global markets. […]

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Experts: Expect a Downturn, but Not Because of Housing

Housing experts questioned in Zillow’s latest Home Price Expectations Survey are anticipating another downturn in the next three years, but one set off by a “geopolitical crisis,” not the real estate market. There is a 73 percent chance a recession will happen by 2020, according to the quarterly survey, and of the more than 100 […]

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Want to Save for a Down Payment? Skip the Pre-Wedding Shenanigans

Would-be homeowners can easily plunk down savings for a home—if they forgo their friends’ one last hurrah before the big day. A recent report by Zillow reveals the cost of destination bachelor or bachelorette parties can equal up to one-third of a down payment on a median-priced home. With attendees spending an average $1,106 (for […]

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Who in their right mind would sell to an iBuyer?

SAN FRANCISCO — Why would homesellers choose to pay a high commission while running the risk of selling their home at a discount? Or to ask the question another way: Who would choose to use an “iBuyer?” …

Zillow Instant Offers expands to Phoenix

Zillow Group will expand Zillow Instant Offers, a pilot program that helps homeowners to sell directly to investors, to Phoenix in mid-September …

Zillow Group and CFPB head into settlement talks

A federal investigation of Zillow Group’s co-marketing program for potential anti-kickback violations appears to be over, but that doesn’t mean the real estate giant is out of hot water.  …

Zillow Group busts previous revenue record, posts $21.8M net loss

In an earnings report today, Zillow Group, the operator of listing portals Zillow, Trulia and RealEstate.com, posted a net loss of $21.8 million in second-quarter 2017, up from a $4.6 million loss in the first quarter of 2017, but a steep drop from a $156.1 million loss in second-quarter …

Why Zillow ‘Instant Offers’ seller leads are yours to lose

Most real estate agents know that a lead is nothing without follow-up. That holds true even when that lead is coming from a shiny new — if controversial — tech product. When Realtor Veronica Figueroa receives a home seller lead from Zillow Group’s In…

Education Linked to Homeownership in More Ways Than One

Countless case studies have established a connection between education and homeownership: generally, college graduates are more likely to own a home than non-graduates. A new study out of Trulia now shows that career stage, level of education and location can have varying degrees of influence on homeownership rates. Being college-educated typically boosts earning potential, which […]

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