Homeowners sold a record number of homes using an instant buying service in the second quarter and are poised to sell even more in the third quarter, said Zillow, Seattle.
Tag: Zillow
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Industry Briefs Aug. 24, 2021: LRES Acquires Keystone Asset Management
LRES Corp., Orange, Calif., signed a definitive agreement to acquire Keystone Asset Management Inc., a Pennsylvania corporation. The deal is expected to be completed September 1, and the joined companies will operate under the LRES Corporation name.
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Rent Prices Soar Beyond Pre-Pandemic Projections
A strong and widespread recovery of rents has pushed prices beyond where they would have been had the coronavirus pandemic never occurred, reported Zillow, Seattle.
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Zillow: Affordability Squeeze Approaches as House, Rent Prices Rise
Housing affordability improvements brought on by historically low mortgage rates and dampened rent growth are “quickly evaporating” as home prices and rents rise faster than incomes, said Zillow, Seattle.
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Inventory Jump Could Give Home Buyers Welcome Relief
Zillow, Seattle, reported housing inventory saw “significant recovery” for the second straight month in June, indicating the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favor.
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New Homeowners Can Spend Nearly $30K on Unexpected but Common Projects
For most homeowners, buying a home involves more than a mortgage. Research from Thumbtack, San Francisco, and Zillow, Seattle, said a typical for-sale home could need as much as $30,000 in work—which, for some buyers, particularly millennials—might result in unexpected expense.
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Saving for Down Payment Tougher for First-Time Home Buyers
Starter home prices are growing nearly seven times faster than renter incomes, making what was likely already the biggest challenge for first-time home buyers ― saving for a down payment ― even more difficult. But there is good news for today’s first-time buyers, said Zillow, Seattle.
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Despite Record Low Rates, Most Homeowners Pass on Refinancing
A Zillow survey of more than 1,300 homeowners found despite record low interest rates, more than three-fourths of respondents passed up the opportunity to refinance their mortgage.
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Zillow: Inventory Rebounds Amid Record Home Value, Rent Growth
Zillow, Seattle, said continued torrid growth in the housing market paired with a long-awaited bump in inventory in May,
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Industry Briefs June 15, 2021
The Federal Housing Finance Agency issued a Request for Input on executive compensation at its regulated entities: Fannie Mae and Freddie Mac and the Federal Home Loan Banks.