US Real Estate, Zillow

U.S. housing market value rose by $6.9 trillion in 2021

By Mike Wheatley | February 4, 2022
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

Zillow attracts more criticism for selling homes to institutional investors

By Mike Wheatley | December 14, 2021
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 […]
Zillow

Investors slap Zillow with lawsuits over iBuying failure

By Mike Wheatley | December 3, 2021
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

Zillow exits iBuying for good due to its inability to accurately forecast home prices

By Mike Wheatley | November 4, 2021
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

Zillow debuts children's book to help kids deal with moving

By Mike Wheatley | September 3, 2021
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 […]
US Real Estate, Zillow

Armed with savings from the pandemic, young adults eye homeownership

By Mike Wheatley | July 6, 2021
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 […]
Housing, Zillow

Home inventory grows almost 4% in May

By Mike Wheatley | June 23, 2021
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 […]

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