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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 | Current News & 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...
Zillow: 62% of Black Buyers Purchased Their First Home in 2024

Zillow: 62% of Black Buyers Purchased Their First Home in 2024

by Phil Hall | Feb 20, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data study from Zillow (NASDAQ: Z, ZG) found 62% of Black homebuyers purchased their first home in 2024, just slightly below the record 63% level in 2023. In comparison, overall, first-time buyers made up just 44% of the market, down from 50% in 2023. Zillow...
Report: Mortgage Payments Cheaper Than Rent in 22 of Top 50 Metros

Report: Mortgage Payments Cheaper Than Rent in 22 of Top 50 Metros

by Phil Hall | Sep 16, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A monthly mortgage payment is less expensive than rent in 22 of the nation’s 50 largest metros, according to new data from Zillow (NASDAQ: Z, ZG). The new data determined the typical rent payment nationally is $2,063 a month while the typical mortgage payment is...
The New Normal: Million-Dollar Starter Homes

The New Normal: Million-Dollar Starter Homes

by Phil Hall | Jul 25, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

First-time homebuyers in 237 cities are finding the typical starter home is priced at $1 million or higher, according to new data from Zillow (NASDAQ:Z, ZG). Five years ago in the pre-pandemic housing market, only 84 cities offered $1 million starter homes....
Zillow: US Needs 4.5 Million Homes to Cover the Housing Shortage

Zillow: US Needs 4.5 Million Homes to Cover the Housing Shortage

by Phil Hall | Jun 18, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S housing shortage reached 4.5 million homes in 2022, according to a new data analysis from Zillow (NASDAQ:Z, ZG), up from 4.3 million in 2021. Zillow determined there were roughly 8.09 million “missing households” – individuals or families living...
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