New Data Finds Homeowners Struggle When Selling, Despite Hot Market

April 19, 2018 by

Twelve days before Thanksgiving, Mark and Sue Meaney decided to put their 109-year-old house on the market. They looked at comps of similar-sized homes near their St. Paul neighborhood, agreed on a price with their agent and waited anxiously for their first offer to roll in. Mark and Sue knew their timing wasn’t ideal. The […]

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Filed Under: Buying/Selling, Latest News, Real Estate News, Zillow Consumer Housing Trends Report Tagged With: , , , , , ,

6 ways agents can thrive in an AI-driven world

April 19, 2018 by

AI is an umbrella term for things like machine learning, facial recognition, speech recognition, computer vision, and natural language processing. But as fancy, and potentially scary, as those things sound, AI today is very narrow in that it is designe…

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How BHHS Fox & Roach is automating its ‘Coming Soon’ listings

April 19, 2018 by

Coming Soon is a feature on Zillow many agents find useful — although they have to pay Zillow thousands of dollars to take advantage. Berkshire Hathaway Home Services, Fox & Roach found a way to bring the feature to all its agents.

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Get Ready for the Rush: Homes Were Snapped Up in 2017

April 17, 2018 by

If 2017 is any indication, buyers will be against an all-out frenzy this spring and summer. In 2017, the median listing was snatched up in 81 days—a record, according to data from Zillow. Competition was fiercest in June, with 73 days on-market for the median listing. (Closings are included in the timeline.) In almost every […]

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Filed Under: Buying/Selling, Latest News, Lead Story, Real Estate News, Spring Home-Buying Season, Spring Home-Selling Season, Spring Real Estate Market Tagged With: , , , , ,

Homes flew off the market like hot cakes last year

April 17, 2018 by

In 2017, the median U.S. home sold in 81 days — down from 90 days in 2016 — with June being the quickest selling month as homes flew off the market in 73 days, including closing time.

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Black Buyers at a Disadvantage Over Others: Zillow

April 16, 2018 by

Affordability is a growing problem—but for black buyers, it has created a deep disadvantage over other groups, according to an analysis newly released by Zillow. Based on the black household income (a median $39,466), and without exceeding the 30 percent housing spend standard, black buyers could afford just 55.3 percent of listings nationwide in 2017—a […]

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Filed Under: Asian Homebuyers, Black Buyers, Black Homebuyers, Buying/Selling, Latest News, Real Estate News, White Homebuyers Tagged With: , , , ,

Black Buyers at a Disadvantage Over Others: Zillow

April 16, 2018 by

Affordability is a growing problem—but for black buyers, it has created a deep disadvantage over other groups, according to an analysis newly released by Zillow. Based on the black household income (a median $39,466), and without exceeding the 30 percent housing spend standard, black buyers could afford just 55.3 percent of listings nationwide in 2017—a […]

The post Black Buyers at a Disadvantage Over Others: Zillow appeared first on RISMedia.

Filed Under: Asian Homebuyers, Black Buyers, Black Homebuyers, Buying/Selling, Latest News, Real Estate News, White Homebuyers Tagged With: , , , ,

The latest news on Zillow’s move to buy and sell homes directly

April 16, 2018 by

Seattle-based real estate tech giant Zillow sent shockwaves throughout the industry last week by announcing it would be launching a major new business initiative: buying and re-selling homes directly from consumers…

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