Top real estate companies are rallying today. Zillow Group stock jumped 11%, while Better Home & Finance and Opendoor surged 33% and 17%, respectively.
With the typical monthly payment for a new homeowner climbing nearly twice as fast as rent, more shoppers are turning to rentals Rental demand is up 19.2% year over year nationwide, as measured by the Zillow Observed Renter Demand Index (ZORDI).1 The typical U.S. rent was $1,932 a month in September, up 2.7% from a year ago. The financial advantage of renting is growing, as the typical new home...
The rental market continues to show strength, with the biggest annual rent gain since April 2025 In September, existing home sales fell 2.5% from last year according to Zillow's nowcast. Newly pending sales, a forward-looking indicator of future closed sales, fell by 8.5% as mortgage rates reached their highest level since November 2023.
Sun Belt markets where building has boomed account for most of the markets where new construction offers the best value per square foot Newly built homes sell for a median of $205 per square foot nationally, below the $212 median for existing homes, a new Zillow analysis finds. Many of the markets with the biggest discounts for new homes — as much as 19% less — are high-supply Sun Belt markets ...
Cotality's chief economist Selma Hepp warns the 30-year fixed mortgage rates could spike to 9% if inflation reaccelerates and growing fiscal deficit drive long-term US Treasury yields up further. While not her base case, Hepp emphasized in a recent CNBC interview that such an “extreme” rate environment will severely paralyze housing activity, deepening the affordability crisis and freezing exis...
Nearly 5 engaged home shoppers are competing for every listing, but affordability headwinds are weighing on sales Engaged home shoppers — Zillow users who save or share a for-sale listing — were up 21% year over year this past spring, at 4.8 shoppers per listing nationally. Buffalo, Providence and Hartford had the most engaged shoppers per listing; Houston, Miami and San Antonio had the fewest.
Zillow Senior Vice President of Engineering Toby Roberts joins the GeekWire Podcast to discuss what AI is changing about buying and selling homes, from AI agents working alongside real estate agents to the company's integration with ChatGPT.
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