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Zillow: Home Values Up 1.4% in May

Zillow: Home Values Up 1.4% in May

by Phil Hall | Jun 12, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. home values grew by 1.4% from April to May, the strongest monthly appreciation since last June, according to new data from Zillow Group (NASDAQ:Z, ZG). The home value as of May was $346,856, up 0.9% year-over-year. Zillow Senior Economist Jeff Tucker noted the...
Jeremy Hoffman Named CFO at Zillow Group

Jeremy Hoffman Named CFO at Zillow Group

by Phil Hall | May 19, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Seattle-headquartered Zillow Group Inc. (NASDAQ: Z, ZG) has promoted Jeremy Hofmann to chief financial officer (CFO). Hofmann joined Zillow Group nearly six years ago and most recently served as senior vice president of corporate development and strategy. Prior to...
Zillow: Mortgage Rates Could Hit 8.4% if US Debt Default Occurs

Zillow: Mortgage Rates Could Hit 8.4% if US Debt Default Occurs

by Phil Hall | May 11, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homebuyers will suffer if President Biden and the GOP leadership cannot reach an agreement on the debt ceiling, according to a data analysis from Zillow Group (NASDAQ: Z, ZG). While acknowledging that a debt default was “very unlikely” Zillow predicted mortgage rates...
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