How Zillow Gets a Home Ready for Sale
When you see the Zillow logo on a real estate sign, it means the home has gone through a rigorous process to make sure it’s move-in ready for its next owner. Once Zillow purchases a home through Zillow Offers, Zillow’s field renovations team gets to work. They check for water leaks, electrical problems, broken windows and other […]
The Cost of Zillow Offers vs. a Traditional Sale
By: Errol Samuelson Zillow launched Zillow Offers in April 2018 to help people who want more control, certainty and convenience when selling their home. By selling to Zillow, homeowners can choose their close date, avoid the stress and cash requirements of preparing their home for sale, and have immediate use of the proceeds from the […]
How Zillow Offers was Built to Thrive in Any Kind of Market
By Matt Kreamer The booming housing market of the past near-decade is slowing and there is growing consensus among economists that the second half of 2020 will mark the start of the next recession in the United States. Though most experts do not see the housing market as a likely cause, investors are casting a […]
Momentum of Zillow Offers home-buying program signals shift in customer expectations
Zillow Group President Jeremy Wacksman painted a picture of the future of home selling and buying for an audience of real estate agents in Las Vegas this week: an always-available trade-in offer for your home, certainty on a closing date, and the ability to self-tour homes and preconfigure renovations with an app, among other consumer-friendly […]
Inventory Gains Were Erased During the 2019 Home Shopping Season
Inventory gains built up over six months in 2018 and early 2019 were wiped out completely – and then some – during this year’s home shopping season as inventory has fallen to its lowest level since at least 2013. The housing trends that we’ve seen for much of the spring and summer months continued into […]
What $1 Million Can Buy in Today’s Housing Market
For $1 million, you could be new owner of a 1938 Superman comic book, a Porsche 918 Spyder, or a 35-carat diamond ring. What that same $1 million will get you as a home shopper can range widely – from a one-bedroom condo to a mansion – depending on where you are. The standard for […]
Agents and Zillow partner to “co-pilot” changes to real estate
More than 1,500 real estate professionals gathered in Las Vegas this week to learn how to unlock the potential in the industry — a potential that is now limited by a “woeful lack of tech investment,” said Zillow Group CEO Rich Barton. But that’s changing now, said Barton, driven by customers who will no longer […]
Zillow’s AI Forum 2019 brings together Seattle’s AI community
More than a hundred people convened in Seattle’s Belltown neighborhood for Zillow’s 2019 AI Forum to learn about the latest advances in artificial intelligence and connect with peers and leaders from the region’s growing AI workforce. The event, now in its second year, attracted machine learning engineers, data scientists, and graduate students for an in-depth […]
Latinx Homeownership Rate Growing Nationally, But Inequity Persists
Unaffordability and racial inequity combined since the start of the last century to compound a gap between the Hispanic and white homeownership rates. The homeownership rate gap sat at 25.8 percentage points just four years ago. Despite recent gains, the gap — sitting at 24.7 percentage points in 2018 — would take decades to […]
Zillow Research: How Debt Impacts Home Buying
Personal debt – particularly credit card, student loan and medical – tremendously impacts the type and features of home someone can afford, their timeline for buying, their ability to afford an adequate down payment and, ultimately, whether or not they are approved for a mortgage. Aspiring home buyers with medical debt are more likely than […]