Housing shortage in the US reached an all-time high of 4.7 million units, according to Zillow
The U.S. is facing a severe housing shortage, currently estimated at 4.7 million homes, exacerbating the affordable housing crisis that is pushing families away from their dreams of homeownership. Latest analysis from Zillow indicates this deficit rose by 159,000 homes in 2023, despite a notable increase in construction over the last five years. This rise […]
Purchasing a home? You’ll require a $17K salary increase, Zillow reports.
In 2020, households with median incomes could typically afford a home in the U.S., but now they’re facing a daunting challenge. Nowadays, it turns out they need an additional $17,670 to do so, according to analysis from Zillow. Currently, the average home price sits at around $367,969, which translates to a required salary of nearly […]
Compass files lawsuit against Zillow for claimed control over real estate listings.
Experts believe that the U.S. real estate landscape is on the verge of significant change in the coming months. One of the major residential real estate firms in the United States is taking legal action against Zillow concerning issues of “consumer choice.” On Monday, Compass, a real estate brokerage, submitted a 60-page complaint in Manhattan […]
Compass files a lawsuit against Zillow, claiming it has a monopoly on home listings.
Compass Takes Legal Action Against Zillow Real estate company Compass has initiated a lawsuit against Zillow, challenging their policy that bans private housing listings. In documents submitted to the US District Court for the Southern District of New York, Compass claims that “Zillow has resorted to anti-competitive practices to safeguard its monopoly and revenues, which […]
Buffalo will be hottest housing market in 2025: Zillow
Buffalo, New York, will be the nation's hottest housing market for the second year in a row due to its stable job market and affordable housing prices. According to the report Online real estate marketplace Zillow made the announcement Tuesday. The report predicts that by 2025, both home sales and home prices will remain steady […]
These will be the most competitive housing markets in 2025, Zillow report predicts
(NEXSTAR) — The national housing supply recently reached a four-year high, but buying a home in some U.S. cities could become especially difficult by 2025, a new Zillow report shows. suggested in the report. To make its predictions, Zillow considered multiple factors, including its own estimates of home sales velocity and home value growth in […]
Mass deportations and affordable housing, Zillow CEO says there’s a link
The CEO of real estate app Zillow was pressured to say in an interview with CNBC whether mass deportations would improve the U.S. housing affordability crisis. Jeremy Waxman was talking about the company's earnings call on his show “Squawk on the Streets” when he was asked about President-elect Donald Trump's plans for mass deportations. “The […]
FACT CHECK: Did Zillow Add Warning Signs To Homes In Democrat-Run Cities?
Fact check: Post made on facebook Real estate app claims Jiro Added warning signs to homes for sale in Democratic-run cities. of read the caption“⚠️Warning: Democrats⚠️ Kind and considerate.” post Contains links to story titled“Zillow adds warning to homes in Democratic-run cities.” That claim is false. of linked story It was originally published as a […]
Zillow Adds ‘Climate Risk Data’ to Home Listings
Zillow now provides “climate change risk data” to homebuyers when researching home prices on its website. This is Silicon Valley's latest attempt to convince the public that they care about the environment. CNBC report Zillow, one of the nation's leading online real estate marketplaces, has partnered with climate risk company First Street to incorporate “climate […]
The average down payment for the typical US home is now over $127,750: Zillow
The average down payment is now closer to 35% instead of the usual 20%. (iStock ) Every aspect of buying a home has become more expensive since the COVID-19 pandemic. Home prices have been hitting record highs in most months, and mortgage rates are still hovering in the high 6% range. All of these factors […]