U.S. housing gained a record $6.9 trillion in 2021, nearly doubling what was previously the largest annual gain of $3.7 trillion in 2005. The full U.S. housing stock is now worth $43.4 trillion, according to a new Zillow analysis. Strong demand met limited supply in 2021, driving home values up more than ever before —
Zillow attracts more criticism for selling homes to institutional investors
December 14, 2021 by
It’s fair to say that Zillow’s foray into the world of iBuying proved to be an unmitigated disaster, with the company forced to shutter the business due to its inability to flip homes for a profit. The company is at least making good progress in selling off its remaining inventory of homes. It said last
Investors slap Zillow with lawsuits over iBuying failure
December 3, 2021 by
In the wake of its decision to shut down its iBuying business, Zillow has been slapped with multiple lawsuits alleging that it illegally misled investors as to the health of that business. “The strength and the appeal of Zillow Offers just continues to grow,” said Zillow Chief Operating Officer Jeremy Wacksman at a September conference
Zillow exits iBuying for good due to its inability to accurately forecast home prices
November 4, 2021 by
Zillow has announced that it’s existing the iBuying business for good – just a couple of weeks after saying it was temporarily pausing its operations until the end of the year. The company revealed Tuesday it’s shutting up the Zillow Offers business for good, citing “unpredictability” in forecasting home prices as the main reason for
Zillow debuts children’s book to help kids deal with moving
September 3, 2021 by
As more families move to homes that better suit their evolving needs, Zillow has created a children’s e-book to help parents make the transition easier for their families. The Girl Who Didn’t Want to Move chronicles a move by a fictional young girl named Iris, her parents and her special friends, Jupitus and Annika. Made
Armed with savings from the pandemic, young adults eye homeownership
July 6, 2021 by
Zillow believes that most millennials and Gen Zers are enthusiastic about the idea of owning a home and that a good number of them will look to buy one in the near future. A recent survey on the housing preferences and influences on the younger generations found that three in five are planning to use
Home inventory grows almost 4% in May
June 23, 2021 by
Home inventory rebounded slightly last month amid torrid growth in the housing market, according to the latest Zillow Market Report. Home values continued to rise last month, breaking new records while the typical time on market has fallen to just six days. At the same time, rents across the U.S. are rising fast after stymied
Zillow boosts Zestimate accuracy with neural networks
June 22, 2021 by
Zillow’s Zestimate tool gets more accurate with neural network boost
Comparing Zillow and Redfin Market Value Estimation
May 3, 2021 by
Comparing Zillow and Redfin as two of the best real estate valuators powered by data. In the end, get an appraiser.
Zillow says it wants to expand its workforce by 40% this year
March 17, 2021 by
Zillow said this week it’s planning to hire more than 2,000 employees nationwide in 2021, increasing its total workforce by approximately 40%. The company’s significant hiring goal was sparked by a year of impressive growth across the business and a historic year in the real estate industry, it said in a press release. The majority
