The growing housing shortage is the primary reason for the affordability crisis From 2021 to 2022, the U.S. housing shortage grew to 4.5 million homes, up from 4.3 million. In 2022, the number of U.S. families increased by 1.8 million, while only 1.4 million housing units were built. Those who live in markets with stricter land-use regulations are less likely to be able to afford the mortgage payment on a typical home. SEATTLE, June 18, 2024 /PRNewswire/ -- Despite a pandemic construction boom, the U.S hous ...

This week, inflation data provided some encouraging signs. Both the Consumer Price Index (CPI) and Producer Price Index (PPI) came in lower than expected.Remember that CPI tends to follow PPI directionally, so we should expect more disinflation and therefore more fuel for rate cuts. This aligns with our long-held view that inflation will decline alongside economic slowdown, leading to interest rate cuts. Today we look at why Zillow may be positioned well when rates are cut. We’ll explore this further be ...

After a few months of stalemate between buyers and sellers, the U.S. real estate sector is finally looking to get back on its feet. With the Intercontinental Exchange reporting that most outstanding mortgages in the U.S. carry an interest rate of only 3.25% today, most homeowners don’t have an incentive to put their homes on the market.By the same token, would-be homebuyers today aren’t too excited to face near 7.3% mortgage rates in the market, not to mention a roughly 32% higher average home price compare ...

Zillow analyzed rent affordability, job openings and the number of residents in their 20s to come up with this year's ranking of the best markets for new college grads Phoenix, Albuquerque, Colorado Springs, San Antonio and Portland, Oregon, are Zillow's best markets for new college graduates. Miami and the New York City metro area are at the bottom of Zillow's rankings, largely due to affordability challenges. Rent affordability is tight in much of the country, which may make renting an individual room a s ...

Zillow has created the Fair Housing Classifier for large language models (LLMs) to help others in real estate, civil rights and technology sectors safeguard AI-powered real estate conversationsSEATTLE, May 21, 2024 /PRNewswire/ -- Today, Zillow is releasing its open-source Fair Housing Classifier, which establishes guardrails to promote responsible and unbiased behavior in real estate conversations powered by large language model (LLM) technology.The Fair Housing Classifier acts as a protective measure, to ...

hapabapa Summary Following my coverage on Zillow Group (NASDAQ:ZG) in Feb’24, which I recommended a buy rating as ZG continued to show very strong performance in all segments and, most importantly, was winning a lot of market share, this post is to provide an update on my thoughts on the business and stock. I still think ZG has a buy rating, as there are visible growth catalysts that should continue to drive high-teen growth ahead. My concern is the potential slowdown in Residential segment, which is ma ...

Inventory and new listings are rising nationwide, while price cuts hit a seasonal high point Zillow's new market heat index shows seven of the top 10 markets for buyers are in Florida or Texas. Buffalo, the Bay Area and the Northeast rank among the best areas for sellers. High rates and more homes are easing competition, but sellers maintain a slight edge nationwide.  SEATTLE, May 15, 2024 /PRNewswire/ -- Texas and Florida metros dominate the best places for buyers in Zillow's new market heat index, securin ...

US average rent rose to just under $2,000 per month in April, Zillow reports. Tenants now need to earn 36% more than they did in 2019 to afford a typical rent. While rent growth continues, multifamily construction has softened its advance. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign ...

This real estate technology company could be hit hard by a changing real estate market.I bought Zillow (ZG 3.03%) (Z 3.43%) about three years ago, and since that time the stock is down by more than 60%. Even at the cheaper valuation, I'm inclined to believe that major changes in the real estate market give the stock more downside risk than upside potential. In this video, I discuss the reasons both for and against owning Zillow, and why I finally decided to cut my losses and move on.*Stock prices used were ...

Housing is changing and Zillow is leading the way.The housing market is changing before our eyes, and Zillow (Z 3.26%) is one of the leaders in its disruption. But the path from here to industry domination will take time. Travis Hoium shows the points of progress in the video below.*Stock prices used were end-of-day prices of April 4, 2024. The video was published on May 6, 2024. ...