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Home ownership cuts across party lines

Posted by   /  November 13, 2017  /  Real Estate  /  No Comments

Zillow finds Republicans and Democrats still share the American Dream. Builder Home ownership is an American value that transcends political parties, according to the Zillow® Housing Aspirations Report™i. The biannual survey found that 68.7% of Republicans and 65.1% of Democrats see owning a home as essential to living the American Dream. READ ON:

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Zillow just had its best quarter ever

Posted by   /  November 8, 2017  /  Real Estate  /  No Comments

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HousingWire There seems to be something about the third quarter that’s good for Zillow Group’s business. Last year’s third quarter saw the company post its biggest profit ever – and its first quarterly profit since the fourth quarter of 2013. Since then, it’s been three straight quarters back in the red for Zillow. READ ON:  

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Millennials going over budget to buy homes

Posted by   /  September 28, 2017  /  Real Estate  /  No Comments

The 2017 Zillow Group Report explores affordability challenges facing renters and a first look at post-millennial Generation Z’s housing patterns. Builder Millennials poured some $514 billion into the U.S. housing market over the last year as the largest generation of home buyers, Zillow reported Wednesday. But new survey data shows their home-ownership aspirations are stymied […]

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A majority of U.S. households could – in theory – afford to buy a $300K, newly built home

Posted by   /  September 20, 2017  /  Real Estate  /  No Comments

By Skylar Olsen | Zillow Qualifying for a loan to buy a $303,000 home – without violating 43 percent debt-to-income ratio rules – would require a minimum estimated annual income of $45,360. Almost 60 percent of U.S. households earn that much. Roughly 68.8 million households theoretically earn enough to purchase a $300,000 home. That number drops […]

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Demand for house rentals intensifies

Posted by   /  September 15, 2017  /  Real Estate  /  No Comments

By Suzanne De Vita | Rismedia Apartment rents are appreciating less than house rents, thanks to shifting demand for single-family rentals, according to a recent analysis by Zillow. Apartment rents nationally increased a median 0.5 percent, to $1,551, year-over-year—relatively flat—while house rents increased 1.3 percent to $1,404. Several colliding factors are driving the trend, says […]

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Is major RESPA battle between Zillow and CFPB imminent?

Posted by   /  September 14, 2017  /  Real Estate  /  No Comments

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By Brena Swanson | Housingwire More than a month has gone by since Zillow last gave an update on the Consumer Financial Protection Bureau’s investigation into its practices, causing at least one analyst to question the likelihood the two parties will be able to reach a settlement. And if no settlement is reached, the industry should ready itself for one of the biggest […]

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Single family rentals getting more pricey

Posted by   /  September 13, 2017  /  Real Estate  /  No Comments

Zillow finds paucity of inventory is driving rents up. Builder Rental houses have been in high demand since the housing market crashed, but a lack of supply has made renting those homes more expensive, according to a new Zillow® analysis released Tuesday. While rents for both houses and apartments have slowed significantly over the past […]

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Home is where the wealth is

Posted by   /  September 7, 2017  /  Real Estate  /  No Comments

Zillow study finds home owners who stay put for 71/2 years net a 24% return on investment. Builder Holding onto your home for a long period of time over the last decade meant a serious return on investment, especially in some of the nation’s hottest housing markets. According to a new Zillow®analysis, out Wednesday, Oakland, […]

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‘Zestimates’ wreak havoc for buyers and sellers

Posted by   /  August 31, 2017  /  Real Estate  /  No Comments

By Stacey LyKins |  Ahwatukee Foothills News “Zestimates” are one of a Realtor’s worst nightmares. Zestimates are rarely accurate. It is such a problem that “CBS This Morning” recently just did a piece on them. Co-host Norah O’Donnell asked the chief executive of Zillow about the accuracy of the website’s automated property value estimates, known as Zestimates, […]

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Even affordable rentals are too expensive for lowest income

Posted by   /  August 30, 2017  /  Real Estate  /  No Comments

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By Suzanne De Vita | RisMedia Housing in major metropolitan areas is moving beyond the means of many, with renters, especially, burdened by rising rents and standstill wages. Affordability has become so strained, according to a recent analysis by Zillow, that even cheap rentals are out of reach for the very segment they’re priced for. Researchers at […]

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