|Bid||0.00 x 1400|
|Ask||0.00 x 1200|
|Day's Range||61.78 - 65.00|
|52 Week Range||37.68 - 65.70|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||54.60|
The price of being a homeowner touched a nine-year high in the first quarter, with borrowers in some parts of the U.S. spending half their income on mortgages, according to a report released Thursday by Zillow. The combination of rising home values and interest rates, and incomes that haven’t kept pace, pushed the cost of covering mortgage payments to 17.1 percent of the median income in the first quarter. “For the past few years, historically low mortgage rates provided the silver lining for buyers as prices rose higher and higher,” Aaron Terrazas, senior economist for Zillow, said in a statement.
Rising mortgage rates chip away at relatively affordable monthly housing costs Americans have enjoyed for a decade - Monthly mortgage payments on the typical U.S. home required 17.1 percent of the median ...
While sales inventory often peaks in May amid home-shopping season, this year set new records. Inventory in Manhattan rose 16.7 percent compared to last year, the largest year-over-year increase on StreetEasy recordii. Brooklyn and Queens saw similar surges, with inventory up 23.4 percent and 42.8 percent, respectively.
Zillow (NASDAQ:ZG, NASDAQ:Z) has had a strong start to 2018. ZG stock (the Class A shares, which are slightly cheaper than Class C shares) has gained 58% so far this year and touched an all-time high this week. Indeed, I argued that investors should buy ZG stock in the mid-$40s in February.
On surface level, Redfin (NASDAQ:RDFN) appears to be the perfect disruptor. By adopting emerging technologies, Redfin advanced an aging industry into the 21st century. As a result, Redfin stock has performed well relative to its initial public offering last summer.
According to a Zillow® analysis, homes with black front doors, tuxedo kitchen cabinets and periwinkle blue bathrooms sell for as much as a $6,000 premiumi. Homes with black or charcoal gray front doors sell for $6,271 more than expected, the highest sales premium of all the room and color combinations analyzed.
NEW YORK, June 20, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Carbo ...
Redfin’s CEO said in February that he expects housing-market conditions to get worse before they get betterMarketWatch photo illustration/ZillowNow Zillow won’t just show you houses and steer you to real estate agents - it will also sell you some directly. Goldman Sachs on Monday downgraded two real-estate stocks as housing-market challenges persist and the end of the spring selling season looms. In a research note, Goldman equity analysts call Zillow Group(ZG)and Redfin Corp.(RDFN)“online real estate stocks” but note that, despite their internet origins, both companies are still at the mercy of the real-world housing backdrop: tight supply, rising prices and a challenging mortgage lending environment in which credit remains tight even as rates rise.
Shares of Redfin (RDFN) and Zillow Group (ZG) are trading lower on Monday, after Goldman Sachs downgraded the online real-estate stocks. Analyst Heath Terry cut his rating on Zillow to Neutral, and Redfin to Sell, leaving his $21 price target on the latter unchanged. He writes that the move comes ahead of a period of historical underperformance for the stocks, as well as his concern about housing trends--tighter supply, higher prices, and higher mortgage rates--that will weigh on the shares. To wit, he writes that the downgrades aren't a bearish call on Zillow’s launch of Instant Offers or growth in Redfin Now, both of which are initiatives that he believes are "necessary given the growing impact of technology on the traditional agent commission model." Zillow Instant Offer, much like it sounds, allows users selling their home to get instant offers, which they can accept in lieu of using a traditional real estate agent.
The builder incentive program, exclusive to Zillow Group builder customers, launches today with eleven partners. SEATTLE , June 14, 2018 /PRNewswire/ -- Starting today, Zillow® Group builder customers ...
Both the Russell 2000 and S&P 600 indices hit all-time highs in earlyJune as investors continued to jump on the small-cap bandwagon. Can anything stop small-cap stocks from moving higher over the remainder of 2018? A recession would halt them in their tracks, but barring the unthinkable, you might want to consider selling some of your large-cap holdings for small-cap stocks or exchange-traded funds because they're hotter than a pistol. More importantly, they're an important component for diversifying your equity portfolio. Which ones should you own? Well, you can look at one of the indexes and pick a few of the stocks, but that's like trying to find a needle in a haystack. The second option is to buy an ETF like the iShares Russell 2000 ETF (IWM) or the iShares Core S&P Small-Cap ETF (IJR). However, because this is an article about small-cap stocks, why not go with seven companies that market-beating portfolio manager Jim Callinan likes? Don't worry, I'll pick them for you. SEE ALSO FROM KIPLINGER: 20 of the Best Stocks You Probably Haven't Heard Of
HUNTSVILLE, Ala., June 13, 2018 /PRNewswire/ -- Bridge Interactive today announced North Alabama Multiple Listing Service (NALMLS) is bringing Bridge Interactive's modern, responsive listing input interface to its 3100-plus NALMLS members. Bridge's technology helps agents and brokers create listings better suited to today's consumer and overcome inefficiencies when creating listings and sharing listing data with partners. Bridge's platform is built on industry standards and utilizes residential real estate's existing infrastructure.
Markets with the highest concentrations of vacation homes saw a more exaggerated bubble and bust cycle than the rest of the housing market - Markets with the highest densities of vacation homes remain ...
CINCINNATI, June 12, 2018 /PRNewswire/ -- Dotloop®, a leading real estate platform for simplifying the home buying and selling process, will attend the National Apartment Association's annual conference, Apartmentalize, on June 13-16, 2018 in San Diego to showcase the benefits of its platform for landlords and property managers. Dotloop will exhibit its emerging suite of rental and property management offerings at booth #3905. "We're thrilled to participate at the National Apartment Association's annual conference to showcase how dotloop's residential real estate platform is increasingly being used by both rental professionals and renters.
If you're looking to buy a home here this weekend, it's best to bring cash, a San Francisco real estate agent says.
It's no secret that living in Hawaii can be expensive. While places like Maui and Pearl City boast real-estate prices above the national median, the state's most expensive ZIP code is 96821 in the city of Honolulu. "Far and away, the state with the highest cost of living in the U.S. is Hawaii.
‘We can broaden and change the idea of what it means to own a home,’ says Alex Rampell of Andreessen HorowitzFlyHomesFlyHomes clients sit in front of their new home. In early June, venture capital giant Andreessen Horowitz said it was investing $17 million in FlyHomes, a startup that works with home buyers to make cash offers — a competitive life boat in many of the nation’s ultra-hot housing markets. It’s not the first housing investment for Andreessen Horowitz, a firm best known for its bets on technology plays Coinbase, GitHub and Facebook(FB) and whose motto is “software is eating the world,” as it sees greater scope for data and access to disrupt traditional real estate practices.
The average cost of a wedding was $36,000 in 2017 SAN FRANCISCO , June 7, 2018 /PRNewswire/ -- When planning a wedding, many couples face sticker shock at the price of venues, caterers, rings, photographers ...
Raising a family can be a pricey endeavor, as can buying a home.San Francisco Bay Area millennials, it appears, are taking note.
It's common for birth-rates to tick up as the economy improves, but the number of babies being born is falling even as the economy has recovered from the Great Recession -- Birth rates are dropping most ...
CENTURY 21 Canada will send a direct listing feed to Zillow, the leading real estate website in the U.S. SEATTLE, June 6, 2018 /PRNewswire/ -- Zillow®, the leading real estate and rental marketplace in the U.S., announced today that it will receive a direct listing feed from CENTURY 21 Canada. Since most (79 percent) U.S. home buyers shop online for homes, Zillow will drive exposure of Canadian real estate listings to the millions of buyers who visit Zillow every monthi.
A sharp decline in birthrates in some hot U.S. housing markets could have something to do with those very price increases, according to a report by Zillow. The real estate data provider plotted a trend line from a correlation it observed between rising home prices and declining birthrates among women 25 to 29 years old. As people weigh the costs of having a kid against what it takes to buy in these markets, some may decide to put off starting a family or to have fewer kids or none at all, Zillow said.