More than 80 percent of home buyers say energy-efficient features are important, a truth that’s reflected by data showing homes with solar energy systems fetch higher prices. A new Zillow analysis shows homes with solar-energy systems sold for 4.1 percent more on average than others nationwide in the past year. The sale premium varies by […]
Homeowners spend $20K on average to prep their homes for sale
April 12, 2019 by Leave a Comment
Home sellers in the United States spend an average of $20,851 to sell their homes, according to Zillow and Thumbtack’s 2019 Hidden Costs of Selling analysis. This includes closing costs as well as improvements and other projects made when people are preparing their homes for sale. More than half of today’s sellers are doing so […]
Home sales prices jump in so-called ‘Opportunity Zones’
April 5, 2019 by
Investors appear to be flocking to Opportunity Zones, where they can receive a discount on capital gains taxes for investing within certain areas. The Opportunity Zones program – created with the Tax Cuts and Jobs Act of 2017 – is intended to revitalize low-income or high-poverty areas by spurring investments in them. From the tens […]
Zillow reveals which renovations deliver the most bang for your buck
March 29, 2019 by
Home shopping season is quickly approaching, which means home sellers are busy cleaning, painting, decluttering, landscaping and deciding which other projects might reap the greatest reward given limited time and money. Their best bet – once the curb appeal projects are done, tackle the bathrooms. The typical seller has 13 years’ worth of wear and […]
Zillow: Rent growth hits 10-month high
March 20, 2019 by
Rent prices grew at their fastest rate in 10 months in February, reaching 2.4 percent year-over-year appreciation, according to the February Zillow Real Estate Market Report. The U.S. median monthly rent was $1,472 in February, up from $1,438 a year earlier. This translates to more than $400 in additional yearly expenses for the typical renter. […]
Study: Washington D.C. residents have the most cash leftover after paying their mortgage
March 7, 2019 by
With housing becoming more and more unaffordable in the U.S., a new Zillow analysis shows that residents in the capital, Washington D.C. have the most cash left over after paying their mortgage. Zillow’s study assumes the median annual gross income and mortgage payment for each of the 35 largest housing markets in the U.S. Its […]
New York & Florida are the friendliest markets for buyers in 2019
March 5, 2019 by
Home shopping season is almost here, and prospective buyers in Florida and the New York metro area can expect more favorable conditions than those in most other major markets, a new Zillow analysis reveals. Zillow’s Buyer-Seller Index shows how hot a region’s housing market is compared to others by analyzing sale-to-list-price ratios, percentage of listings […]
Sellers can make $1,600 more by listing in early May
February 26, 2019 by
Sellers looking to maximize profits should list their homes for sale in the first two weeks of May. A new Zillow analysis found that those homes sell for a $1,600 premium, and six days faster. In 19 of the 35 largest metros, the best month to sell for the biggest sales premium is May. That […]
Zillow names Rich Barton as its new CEO
February 25, 2019 by
Zillow is replacing its Chief Executive Officer Spencer Rascoff with its cofounder and former CEO Rich Barton.
Zillow says home inventory has increased for the first time in 5 years
February 15, 2019 by
After falling for nearly four consecutive years, housing inventory has turned a corner, growing on an annual basis in four of the past five months, according to the January Zillow Real Estate Market Report. U.S. for-sale home inventory grew 1.2 percent year-over-year. There were 19,455 more homes for sale nationwide in January compared to a […]
