|Bid||47.73 x 800|
|Ask||47.96 x 900|
|Day's Range||47.02 - 48.01|
|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||41.00|
The total value of every home in the U.S. is $33.6 trillion, nearly as much as the GDP of the two largest global economies combined -- the U.S. ($20.5 trillion) and China ($13.6 trillion) -- according to a new Zillow® analysis.
Zillow today announced new partnerships with regional homebuilders across the country to give home shoppers an easier and more convenient way to move into their dream home. The partnerships help home sellers move into their new construction home without the hassle and stress of selling their existing home traditionally, by using Zillow Offers.
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.
There are currently 218 million-dollar cities in the U.S.[i] -- cities with a typical home value of $1 million or more -- three more than at the end of 2018 and 74 more than there were five years ago. The net addition of three $1 million cities is easily the lowest in recent years, according to a Zillow® analysis, a reflection of the slower market last year.
There's a new option for homeowners who are looking to sell their Tucson homes but want to avoid the hassles of repairs and open houses. Starting today, homeowners can sell their homes directly to Zillow through Zillow Offers. The service is also available across Maricopa County in the Metro Phoenix area, where Zillow Offers first launched in April 2018.
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.
For many Canadians, buying a home can be a challenging and stressful experience. According to a recent survey from Zillow and Ipsos, 92% of Canadians see at least one barrier to home ownership, and two of the top concerns are related to the mortgage process.
Silicon Valley and Seattle might seem like the obvious places for tech start-ups to set up shop and large companies to site new offices. But a confluence of factors such as rampant home-price growth and a seeming saturation of companies competing for the same limited pool of tech talent have led some companies to look toward other options.
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.
Led by Austin, housing markets in the southern half of the U.S. will perform the best in 2020, according to a panel of economists and real estate experts recently surveyed by Zillow®.
‘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.
Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) today announced that on December 20, 2019, the Compensation Committee of its Board of Directors granted equity awards to purchase an aggregate of 397,024 shares of its Class C stock to compensate 175 new employees under the company's 2019 Equity Inducement Plan.
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 […]