Amid a volatile and rapidly changing housing market, many homebuyers and home sellers have unrealistic expectations about their prospects, according to a Zillow survey of real estate agents.
Tag: Zillow
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Housing Market Roundup Oct. 20, 2022
Here’s a summary of housing market reports that came across the MBA NewsLink desk this week:
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Zillow: First-time Home Buyers Return Despite Affordability Challenges
Zillow, Seattle, reported first-time home buyers have returned to the housing market–and those who can afford a home are finding success after years of setbacks.
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Analysis: Flood Risks Having Growing Influence on Home Buyers
Zillow, Seattle, in partnership with ClimateCheck, reported areas with increased flood risk also see an increase in mortgage denials and in would-be borrowers withdrawing their mortgage applications, even after controlling for income and property value.
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Zillow: Expect a Buyers’ Market Before Year-End 2023
Sky-high mortgage costs are driving down competition among home shoppers, and a buyers’ market could emerge by year-end 2023, experts surveyed by Zillow said.
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Housing Market Roundup Sept. 22, 2022
Here’s a quick summary of housing/economic reports that recently came across the MBA NewsLink desk:
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‘Shrinkflation’ Hits Million-Dollar Homes
Sales of homes million dollar-plus homes have more than doubled over the past three years, but as with groceries, buyers are getting less than they used to, said Zillow, Seattle.
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Housing Market Roundup Aug. 22 2022
Here’s a quick summary of housing/real estate finance articles that have come across the MBA NewsLink desk:
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Zillow: Lowest-Priced Homes Attract Strongest Competition
As home-buying demand cools from last year’s record pace, competition is now hottest for the lowest-priced homes as affordability obstacles stretch buyers’ budgets, said Zillow, Seattle.
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Zillow: Lower Credit Score Homebuyers Pay $104,000 More in Mortgage Costs
Elevated home prices and rising interest rates are feeding into housing affordability woes for potential buyers–especially those with lower credit scores–reported Zillow, Seattle.