An average of 7.6% of potential homebuyers searching on Zillow also shop for rentals, according to Zillow’s new report on “dual shoppers,” highlighting the continued affordability challenges faced across the U.S. as buyers weigh their options. Overall, in the U.S., Zillow found that it is typically $415 cheaper to rent than own (including mortgage payments,…
FirstTeam® has announced that it has joined Zillow Preview, the portal’s new way to bring pre-market home listings into the open, earlier in the listing process. As part of the platform, Zillow stated that FirstTeam®’s 2,300 sales agents in California, Arizona, Idaho, and Washington can now publicly pre-market their listings on Zillow and Trulia before…
“I can prove anything by statistics except the truth.” That witticism, attributed to 19th century British orator and statesman George Canning, highlights something that remains extremely relevant today in the information age. While we have nearly unlimited access to data and analysis, they aren’t always—or perhaps often—leading us closer to the answers we seek. Case…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. eXp added as a defendant in Zillow RESPA case According to an amended complaint filed last week in Taylor v. Zillow, eXp Realty has been added as a defendant, being accused of supporting…
Zillow has launched the Zillow Buzz Index (ZBI), a new metric that measures which design details and architectural features boost buyer engagement with a listing. The data helps to identify which homes are most likely to attract strong interest and move quickly, which in turn helps agents guide clients in how to generate more interest…
In a matter of weeks this quarter, all the major brokerages partnered with portals to pre-market their listings. Compass routed its pre-market listings to Redfin; Zillow formed its own coalition—with Keller Williams, Berkshire Hathaway HomeServices, RE/MAX, United Real Estate and Side—as it launched Zillow Preview. And eXp Realty announced a “Coming Soon” partnership with Realtor.com®,…
The brief moment of lower mortgage rates, coupled with some bettering signs in affordability, have led to a margin of improvement in housing inventory and the market as a whole, according to new data. Zillow’s March Market Report found that pending listings (listings that changed from for-sale to pending status rather than closed sales) grew…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. eXp, Weichert get settlement sign-off in copycat lawsuit A federal judge granted final approval to a series of commission-related antitrust settlements involving several real estate brokerages, bringing an end to the cases after…
Home shopping often starts with excitement and a quiet question in the back of every buyer’s mind: Can I really afford this? List prices and online calculators offer clues, but they lack a realistic view of all the costs a buyer needs to factor in to move forward with a home, leaving many buyers guessing…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Judge dismisses most claims in Louisiana three-way agreement antitrust suit A federal judge dismissed most of the claims in an antitrust lawsuit brought by four Louisiana real estate brokers who challenged the National…
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