Armed with savings from the pandemic, young adults eye homeownership



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



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



Zillow’s Zestimate tool gets more accurate with neural network boost

Comparing Zillow and Redfin Market Value Estimation



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



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 […]

Zillow forecasts strong housing demand for years to come



Real estate giant Zillow said in a report last week that it believes housing demand will remain strong for years to come as buyers try to make up for lost time caused by the impact of the Great Recession last decade. In its most recent analysis, Zillow said that low rates of household formation since […]

Home values rise at fastest clip since 2005



Home value growth has risen to levels not seen since 2005 due to a combination of strong demand and tight inventories, Zillow said in its latest Real Estate Market Report. Rent appreciation, meanwhile, is steaming ahead in many Midwest and Sun Belt cities while declining in major coastal metros. The high-demand market also meant more […]

Renters are moving towards the suburbs, Zillow says



While the for-sale market has shaken off the early impact of the coronavirus pandemic and resumed its torrid pre-pandemic pace, rent growth hit the brakes this spring. Rent prices in urban areas have slowed more than those in suburban areas, new Zillow data shows, a possible signal that renters’ preferred location is tilting toward the […]

Zillow says homes are selling at their fastest pace for 2 years



Homes are selling faster now than any time since spring 2018, a new Zillow analysis shows. It means that potential buyers should be prepared to strike quickly, and sellers who have been on the fence through the onset of the coronavirus pandemic might now want to list. Though many sellers have taken a wait-and-see approach […]

Home office space tops buyer’s wish lists



The sudden and unexpected shift to remote work for many Americans has put a premium on walls, doors and extra space as millions search for a quiet and comfortable place to work. A new survey from Zillow found a majority are making do without a dedicated home office for now, and many say they’ll consider […]