|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||46.70 - 47.87|
|52 Week Range||28.47 - 51.47|
|Beta (5Y Monthly)||0.97|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Experts agree that a steep decline in Austin's housing inventory is causing single-family home prices to skyrocket. It's also leading to some wacky scenarios, like median resale prices higher than median new home prices. Click through to understand more of the situation, including possible reasons for optimism.
A recent report from Zillow found Tampa's home inventory dropped over 10 percent last year. This corroborates a separate report from Realtor.com.
The decade in which Charlotte bounced back from the Great Recession brought with it big gains in housing values.
The Puget Sound region economy is humming along with continued strong job growth and a housing market that's heating up again. The region's economy has been relatively stable since the end of the recession, with modest economic and employment growth, low inflation and low interest rates, Seattle University business school Dean Joseph Phillips said at the Business Journal's Jan. 17 Outlook 2020 event. "It's coming but economists can't say when." Job growth is the foundation of the economy, and Outlook 2020 speaker Chris Mefford expects that to continue but not as robustly as last year.
Dallas-Fort Worth total housing value doubled in a decade, hitting $589 billion and topping all Texas markets. A Zillow economist breaks down what he sees going on in the DFW market.
The Austin-area housing market added $141 billion in value in the past decade, according to Zillow Group. Another interesting data point from this new report: Austin was one of two large markets where most of the growth came from new home construction and not appreciation of existing homes. Click through for more details and some context from local experts.
Zillow Group co-founder Spencer Rascoff moved back to his hometown Los Angeles four years ago. He was shocked at the technology startup scene he found there.
Zillow Group co-founder Spencer Rascoff announced a $4 million seed round for dot.LA Thursday, with investors from prominent L.A. technology companies taking part.
A big boost to housing inventory could occur during the next two decades as aging baby boomers vacate their homes. Here's where it will have the most impact.
Link light rail service will have less frequent and more crowded service through March 15 while construction is underway to connect Seattle's system to the new Eastside line.
A recent report from Zillow predicted how housing markets in 25 large cities would underperform, overperform or stay about the same in regard to housing value, and Tampa is expected to stay about the same. To compile the report, Zillow (NASDAQ: Z) asked 100 economists and real estate experts to predict how home values in 25 large cities would fare in 2020. In Tampa, over half, 53 percent, of panelists expect home values to stay about the same, while 38 percent expect the market to outperform the national average, leaving 9 percent who expect it to underperform.
Home values & mortgage vs rent payments for Zillow's top 4 hottest & coldest cities of 2020. Monthly payments of buying and renting are similar in 5 of these 8 cities.
Seattle home inventory is back down to where it was in spring 2018, before the buildup that relaxed the market.
While large public companies such as Expedia and T-Mobile have yet to name their next CEO, dozens of companies in the Puget Sound region welcomed new leadership in 2019. Eric Artz, who had been REI's chief operating officer, was named CEO of the co-op after the departure of Jerry Stritzke. Stan Deal took over as CEO of Boeing Commercial Airplanes, moving from Boeing Co.'s Global Services division.
The Bay Area could be a leading indicator of where other California markets are heading, a Zillow economist said.
Real estate experts say Austin will have the hottest housing market in 2020, especially because it is a magnet for tech companies and the young people who want to work for them.
‘With these types of transactions gaining market share, it reduces the accuracy and usefulness of data that is based on traditional multiple listing service sources.’
(Bloomberg) -- President Donald Trump has highlighted that home values in low-income areas picked for new tax breaks “skyrocketed” -- evidence that his administration’s policies are fueling growth expectations in some of America’s most-distressed communities.New research questions the premise. Home values in areas designated as “opportunity zones” appear to have been affected so little it’s “statistically indistinct from zero,” according to a National Bureau of Economic Research working paper released this week by Harvard University’s Jiafeng Chen and Edward Glaeser and the Brookings Institution’s David Wessel.Using repeat-sales data from the Federal Housing Finance Agency, the researchers did their own review of home values in the zones and compared it with a widely reported Zillow analysis from earlier in 2019. That study had found prices rose 25% in the more than 8,700 zones the government designated in 2018, compared with 8.4% in areas that were eligible for the incentives but weren’t picked and 2.5% elsewhere in the country.The latest findings are sure to complicate debate over whether the opportunity zone incentives are worth potentially billions of dollars in forgone U.S. tax revenue. Since Trump signed them into law in late 2017, critics have said the perks have been used to juice investments in luxury developments from Florida to Oregon, while proponents contend they are spurring revitalization efforts from Alabama to Pennsylvania.Why the discrepancy between the two studies? The authors of the NBER paper cited Zillow’s “opaque algorithm” for calculating prices, rather than actual sales data. Zillow’s study also could have exaggerated the effect of the tax breaks by not controlling for earlier trends in home prices, they wrote.“The hope of this program is that it would generate neighborhood revival,” Chen, Glaeser and Wessel wrote. “Yet we find little evidence to support this view at this early date.”Zillow’s finding of an early surge in prices “didn’t conclude whether any change in underlying value would occur or would hold long-term,” Alexander Casey, the researcher who wrote the earlier report, said in an emailed statement.“Our finding that there was an immediate spike in sale prices and their finding that it hasn’t affected home values overall aren’t necessarily in conflict,” he said. “As the researchers fairly pointed out, our method could easily reflect what is being sold rather than any changes in actual underlying value.”To contact the reporter on this story: Noah Buhayar in Seattle at firstname.lastname@example.orgTo contact the editors responsible for this story: Craig Giammona at email@example.com, Josh Friedman, Christine MaurusFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
The U.S. housing market will soon see a “Silver Tsunami.” As baby boomers reach their golden years, a growing number of homeowners across the country will pass away. And with their passing, these seniors will leave behind millions of homes.
Artificial intelligence in housing won’t just eliminate Realtors. It could completely change the way we buy, sell and live.
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
The stars look set to align for Generation Z, which appears to be destined to become homeowners at a higher rate than millennials. A survey of more than 100 economists conducted by real-estate company Zillow (ZG) and research firm Pulsenomics found that a plurality of housing experts expect the share of Gen-Z who will be homeowners in 15 years will be bigger than the share of millennials who currently own their homes. As millennials have aged into what have traditionally been the prime years for buying a first home — between 35 and 44 years old — the home-ownership rate among that age group has fallen.
Feel like the rent’s gotten too damn high? Then you might just live in Austin, Texas. Residents in the Lone Star State’s capital saw the biggest increase in the total amount they paid in rent between 2010 and 2019, according to a new report from real-estate company Zillow (ZG) that tallied the total amounts paid by all renters in cities across the U.
Interesting doesn't come close to describing 2019 for businesses in the Seattle area. This was a year of Amazon expanding further — locally and nationally — Boeing dealing with disaster after disaster and T-Mobile's long-delayed attempt to merge with Sprint. From delays of major aircraft to the deadly crash that prompted aviation regulators around the world to ground the 737 Max and the ultimate ouster of CEO Dennis Muilenburg, Boeing-related stories have easily been the most read of any the Business Journal has written this year.