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Zillow: Late May is the Best Time to List a Home

Zillow: Late May is the Best Time to List a Home

by Phil Hall | Mar 5, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data analysis of 2024 home selling by Zillow (NASDAQ: Z, ZG) found that properties listed in the last two weeks of May sold for 1.6% more, a $5,600 boost on a typical home. Zillow attributed this bump to the traditional peak in search activity ahead of Memorial...
Buyers Willing to Pay Nearly 4% More for a Remodeled Home Rather Than a Fixer-Upper

Buyers Willing to Pay Nearly 4% More for a Remodeled Home Rather Than a Fixer-Upper

by Phil Hall | Feb 19, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Listing a home as a fixer-upper may not be a profitable idea anymore, as a new analysis by Zillow (NASDAQ: Z, ZG) found buyers were willing to pay 3.7% more than expected for a home that is already remodeled – which is an additional $13,194 on a typical home and is...
Slightly Under One-Third of 2024 Home Purchases Were All-Cash Sales

Slightly Under One-Third of 2024 Home Purchases Were All-Cash Sales

by Phil Hall | Feb 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Slightly under one-third (32.6%) of home purchases in 2024 were all-cash transactions, according to new data from Redfin (NASDAQ: RDFN). This is down from 35.1% in 2023 and the lowest share since 2021. Prior to the pandemic, the share of all-cash sales ranged from 25%...
Rocket Mortgage Debuts Program Offering Closing Cost Credits to Renters

Rocket Mortgage Debuts Program Offering Closing Cost Credits to Renters

by Phil Hall | Feb 18, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Mortgage, a part of Rocket Companies (NYSE: RKT), has unveiled RocketRentRewards, a new program designed to provide closing cost credits for renters. According to the company, homebuyers with a Rocket mortgage earn 10% back on the last 12...
Report: Renting is More Affordable Than Homebuying in All But 2 Major Metros

Report: Renting is More Affordable Than Homebuying in All But 2 Major Metros

by Phil Hall | Feb 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Renting is more affordable than buying a home in all but two of the top 50 metro markets in January, according to a new data report from Realtor.com. One year ago, there were six markets where buying was less expensive than renting. The average median asking rent in...
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