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The Latest Breaking News from Zillow

The average American drops $330,000 on rent before becoming a homeowner

Hawaii residents can expect to spend more than half a million dollars on housing during the course of 13 years.

Fortune

Free rent, discounted Wifi, lowered security deposits: Landlords are sweetening deals for renters

The surge in apartment construction is to thank for more favorable terms, according to Zillow.

Fortune

The share of Americans living in the West has fallen for the first time in 100 years

“The places that are most expensive are seeing the biggest drops,” explained a Bank of America senior economist.

Fortune

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Mortgage rates just fell to their lowest level in months—accelerating the sellers’ comeback underway

They could fall even further, but remember there’s a “new normal,” where mortgage rates might not ever hit rock-bottom levels again.

Fortune

Sunbelt boomtowns are cooling off, but the sun-soaked region will reclaim its hot status

More than 2 million single-family homes have been built in the South since January 2021, more than four times the number completed in the Northeast, according to a Capital Economics economist.

Fortune

$1 million starter homes are more common than ever

The typical starter home is worth at least $1 million in 237 cities, up from 84 five years ago, Zillow said.

Fortune

'Starter Homes' Go For More Than $1M, Pricing Out First-Time Buyers

New study revealed that the price tag of many starter homes reaches more than $1 million in more than 200 cities.

International Business Times

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Newly built homes are now cheaper than existing ones, and the discount is the greatest in 6 years

Before the pandemic, new homes were $15 to $22 more expensive than existing homes per square foot. In May, new homes were $3.50 cheaper than existing homes per square foot, according to Zillow.

Fortune

Home prices are still sky-high, but competition isn’t as fierce, as the frenzied housing market slowly rebalances

In some ways the housing market is beginning to feel more like it did before the pandemic.

Fortune

Rents are reheating after flatlining for some time

“The months long slowdown in the rental market appears to be leveling off as the busy summer season kicks off,” according to Zillow.

Fortune

Jennifer Lopez and Ben Affleck's $68 Million Home Is on Zillow Now, Just FYI

Heard you were looking to get on the property ladder?

Marie Claire

Builders are pumping the brakes on new apartment construction. But landlords will keep 'jacking up' rental prices

Even though we’re “in a big hole” when it comes to housing supply, builders are backing off.

Fortune

“Zillow Gone Wild”: 30 Of The Most Unhinged Listings Of All Time

The Zillow Gone Wild Instagram page has been a hit for the last four years. Here are more photos of unusual homes that have recently gone viral. The post “Zillow Gone Wild”: 30 Of The Most Unhinged Listings Of All Time first appeared on Bored Panda.

Bored Panda

We’re passing through ‘the worst housing affordability crisis’ ever seen, former Housing Secretary says

Home prices rose at levels never seen before, and while the market is cooling down, housing costs are still beyond what people can afford, the Obama-era cabinet member said.

Fortune

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Barchart

Is CoStar Group Stock Underperforming the Nasdaq?

Although CoStar Group has underperformed the Nasdaq Composite over the past year, analysts remain moderately bullish on its prospects.

Fortune

Home prices just broke another all-time high. But things might be changing as price inflation slows

For the first time in close to a year, the pace of annual home price inflation dipped. Still, home prices and mortgage rates are considerably higher than before the pandemic.

Fortune

With multimillion-dollar homes at risk of falling into the sea, Nantucket grapples with who pays for climate projects and how much

If Nantucket fails to reduce coastal risks by 2070, nearly 2,400 structures are at risk from coastal flooding and erosion, with damages costing $3.4 billion a year.

Fortune

Say goodbye to the 20% down payment. Zillow says you’ll need to put down roughly 35%

In Los Angeles, a median-income household would need to put roughly 80% down to afford a typical home and its monthly payments in the city, according to Zillow.

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Tom’s Hardware

$2.4 million Texas home listing boasts built-in 5,786 sq ft data center with full liquid cooling immersion system, no bedrooms

A Zillow listing for a $2.4 million "house", really a datacenter in disguise, in Dallas has been found on X, formerly Twitter. If you have corporate data center needs and want to work in a Texas suburb, this listing is for you.

International Business Times UK

Zillow Shows $1.6M Ranch Selling For $10K: Listing Says 'Owner Has Too Many Homes And Wants To Sell'

Jamey and Lauren Bertram have been shooing away would-be buyers who show up at their door after their $1.6 million home went on the market for just $10,200.

Fortune

After sitting on the sidelines for months, sellers finally want to offload their houses, but no one’s buying

“Home sellers are returning to the market but finding buyers hesitating,” Zillow’s chief economist wrote in a monthly housing report.

Livingetc

Gwyneth Paltrow's LA Mansion Has Just Gone Up for Sale — And the Effortlessly Chic Interior Embodies Quiet Luxury

The Brentwood estate features high ceilings, elegant moldings, and the perfect blend of organic materials for a home as sophisticated as its owner

Latin Times

Foreclosures rise in Texas, Florida as homeowners struggle with mortgages and a tough market

Insurance costs have also been rising in the states, hit by storms and other natural disasters

Fortune

Buyers are gaining the upper hand in the housing market as top real estate CEO warns sellers on high asking prices: 'The sharks come out, and it will hurt you even more'

"It is a different environment. We are now seeing more sellers than buyers," Compass CEO Robert Reffkin said.

Latin Times

Florida and Texas are the most buyer-friendly states to get a home

In contrast, Buffalo, the Bay Area and the Northeast rank among the best areas for sellers, according to a study from Zillow

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