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The Latest Breaking News from Zillow

Rent is so expensive that minimum-wage workers need 3 roommates or 4 jobs to afford a two-bedroom apartment

"Renters have been squeezed by record-fast rent growth while incomes haven’t kept up."

Fortune

Mansion snapped up in three days despite being on fire in property listing

A $1.5 million (£1.2 million) mansion in Franklin, Tennessee, America, changed hands in just three days despite burning down in its online property listing, leaving the new homeowner with an extensive list of damages

Daily Mirror

National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed

Fortune tracked down the latest home price forecasts from 29 of the nation's leading housing researchers.

Fortune

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Tiny gingerbread house got Zillow listed

As a comment on the squeeze many are feeling in today's brutal real estate market, this prank nailed it

Salon

Moody’s vs. Zillow: Each firm’s 2023 home price outlook for over 300 regional housing markets

Economists are divided as to whether the housing correction is simply a minor setback for home price growth or the early innings of a sharper correction.

Fortune

Charlotte might be the hottest housing market in the country. Here’s why

Charlotte’s housing market will be the hottest in the country this year, a new study predicts, but it’s not all bad news for prospective homeowners.

Tribune News Service

Where will Tom Brady play next? A 4-step investigation guessing the GOAT’s NFL future

To know where Brady will play next, you just have to read the tea leaves.

USA Today Sports Media Group

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First-time homebuyers face 3 uphill battles-but help is on the way, according to Zillow's chief economist

First-time buyers' rent payment history doesn't count. One has to get in debt to build credit history. And no one knows about down payment assistance.

Fortune

Interactive map: The home price correction (or lack of correction) in America's 400 largest housing markets

Mark Zandi: The free-fall in home sales will soon bottom out, while the home price correction carries on.

Fortune

TikToker mocks Zillow listing for ‘party house’ with urinals in kitchen

‘If you’re drinking so much you cannot take 30 seconds to relieve yourself in the bathroom, then you’re drinking too much,’ the woman said on TikTok.

The Independent UK

Reindeer stables and hot cocoa on tap: Santa’s 25-acre home is worth more than $1m on Zillow

Santa’s North Pole compound consists of an elf village and reindeer stables

The Independent UK

U.S. rents drop at the fastest rate in 7 years, per Zillow

It's another sign that inflation is easing.

Axios

The American Dream of homeownership is hanging on by a thread

For millennials like me, the possibility of homeownership feels like asking, "How do you hold a moonbeam in your hand?"

Fortune

Zillow Gone Wild posts make Fort Worth man’s house into internet sensation

Jimmy Bradley’s party house was languishing a bit on the market. Then Zillow Gone Wild discovered it.

Tribune News Service

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Fortune

A 20% home price crash? These 7 forecast models can see it—where the other 13 leading models have the 2023 housing market going

Where 20 leading forecasters foresee home prices going in 2023.

Evening Standard

Lizzo branches out: popstar buys ‘refined treehouse’ once LA home of BFF Harry Styles’ for £12 million

Lizzo’s house has been entirely reconstructed since Styles owned it in 2016.

Tribune News Service

South Florida renters pour plenty more money — and they must work lots more to afford it

After facing dramatic rent hikes, South Floridians must now work many more days full time to be able to afford the typical rent in the area, according to a new analysis.

Fortune

A.I.'s uniqueness shakes up the risk-benefit calculus for business leaders

Business leaders may have to change their decision-making processes to adapt to the distinctive properties of artificial intelligence.

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Tribune News Service

Real estate scams are on the rise. Here’s what you need to know

Landlord Sonja Kluesener first suspected something fishy when three potential renters contacted her about the Zebulon home she’d just listed on Zillow, and there was a significant price difference.

Fortune

Fed's housing market 'reset' has officially set off the second-biggest home price correction of the post-WWII era

According to the latest Case-Shiller report, U.S. home prices fell another 0.8% in September.

Fortune

Americans are forced to work 6 extra hours a month to afford surging rents

Rising rents squeezed renters in the U.S. so tightly that Americans now have to work more hours just to afford a month's rent.

Fortune

Even $1.5 million is 'just enough to buy a bit of a fixer-upper' in some markets

"The caliber or the size and quality of homes that will sell for $1.5 million have all really fallen."

Tribune News Service

With 5,900 tech jobs already gone, a Seattle correction looks real

The string of layoff announcements by Amazon and other Seattle-area tech employers has many asking whether the tech industry is bound for a major correction and even more job cuts in coming months.

Fortune

The Pandemic Housing Bust rocks bubbly markets like Phoenix

Some markets have gone straight from Pandemic Housing Boom to Pandemic Housing Bust.

Tribune News Service

Seattle’s Redfin to cut workforce by at least 13%, end its house flipping initiative

SEATTLE — The cooling housing market is driving yet another round of layoffs at a Seattle-based company.

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