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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 | News/Current 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...
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...
Hits and Misses for the Real Estate Week of Feb. 10-14

Hits and Misses for the Real Estate Week of Feb. 10-14

by Phil Hall | Feb 14, 2025 | Hits and Misses, International Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

DOGE’s impact on Washington, Greenland hijinks and Redfin’s under the radar layoffs. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Feb. 10-14. Hit: Getting It Done. Earlier this week, the Department of Housing...
Redfin to Lay Off 450 Employees Following Partnership with Zillow

Redfin to Lay Off 450 Employees Following Partnership with Zillow

by Phil Hall | Feb 12, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Redfin (NASDAQ: RDFN) is planning to cut 450 employees following its new rental listings partnership with Zillow (NASDAQ: Z, ZG). The Seattle-based company did not release a press statement on the layoffs but instead buried the news in a filing with the Securities and...
Zillow and Redfin Partner on Multifamily Rental Listings

Zillow and Redfin Partner on Multifamily Rental Listings

by Phil Hall | Feb 12, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow (NASDAQ: Z, ZG) and Redfin (NASDAQ: RDFN) announced a new partnership with Zillow becoming the exclusive provider of multifamily rental listings on Redfin and its subsidiary sites. The partnership covers properties with 25 or more units. According to the...
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