Low inventory fueling a hot market, for the few who are in it
Home values are up, and so are bidding wars, according to the latest Zillow market data.
June 13, 2023
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
Page 40 of 51
- Homebuyers are gonna need a pep talk — here’s whyMost consumers think it's a bad time to buy, and many expect rates to rise — but nearly a fifth of adults still plan to buy a home in the next 12 months.June 10, 2023
- Zillow unveils its latest ShowingTime+ agent productAn enhanced, feature-rich Appointment Center offers several new efficiency-oriented tools for agent users.June 8, 2023
- Mortgage rates finally inch down, but buyers aren’t pouncingThe 30-year fixed-rate mortgage averaged 6.71% this week, the first drop in nearly a month.June 8, 2023
- Homeowner equity declines but is still riding highHome equity dipped last quarter for the first time in a decade, but big gains in recent years have kept most homeowners squarely in the black.June 8, 2023
- MLS revenue-sharing venture moving ahead of scheduleREdistribute, which sells data from participating MLSs to institutional users, now covers nearly half of U.S. residential properties.June 7, 2023
- Tighter credit adds another hurdle for buyersBlack Knight reports that recent borrowers had higher credit scores and larger down payments, suggesting that lenders have tightened their standards.June 6, 2023
- Student loan payments are coming back — will they sideline buyers?As part of the government debt-ceiling deal, student loan payments that had been paused for the past three years will resume at the end of August.June 6, 2023
- Federal plan aims to root out racial bias in home appraisalsThe PAVE task force, a joint venture of HUD and other agencies, presented an action plan to address appraisal bias and increase diversity in the industry.June 2, 2023
- Zillow to showcase agents, lenders in new ad campaignThe company wants consumers to think of the search portal as an all-in-one destination for not only homes, but also real estate pros.June 2, 2023
- Doctorow out as Move Inc CEO; News Corp exec to take overDavid Doctorow is stepping down as CEO of Move Inc, parent company of Realtor.com. News Corp exec Damian Eales starts on June 12.June 1, 2023
- Mortgage rates jump, but debt deal should reduce pressureThe 30-year fixed-rate mortgage surged by nearly a quarter point this week to reach the highest level since November.June 1, 2023
- Mortgage activity at a 2-decade lowA report from ATTOM found that elevated interest rates put a freeze on residential mortgages, refis and HELOCs in the first quarter of 2023.May 31, 2023
- 3 things to know about the class-action commissions lawsuitsAs Sitzer/Burnett and Moehrl are joined by more buyer-broker compensation cases, these important details can help real estate pros understand the basics.Updated November 11, 2023
- Where are home prices heading? Economists are splitWith so many factors pushing and pulling on the economy right now, there is little consensus on whether prices will rise or fall in the coming year.May 31, 2023
- Home price growth in early spring higher than anticipatedWhile sluggish year-over-year, appreciation picked up between February and March, especially in West Coast cities, according to the Case-Shiller Index.May 30, 2023
- Watch out — the industry’s mind-boggling transformation isn’t overDon’t let this transformative moment intimidate you. Industry experts Stefan Swanepoel and Jack Miller of T3 Sixty say it’s an opportunity built on history.May 27, 2023
- Fewer people are moving, but those who are seek new communitiesThe latest Redfin report finds that while moving is down overall, a higher percentage of those who move are relocating to other parts of the U.S.May 26, 2023
- In a slow market, more sellers are willing to make a dealA Redfin report found that nearly 43% of home sellers made concessions in the early spring, a big jump from 26% a year ago.May 26, 2023
- Mortgage rates rise amid debt ceiling dramaThe 30-year fixed-rate mortgage rose to 6.57%, according to Freddie Mac’s weekly survey, while a daily survey put rates above 7%.May 25, 2023
