Zillow - Articles

Zillow Partners With Chinese Real Estate Website

By Clare Jim United States real estate information marketplace Zillow Inc. plans to partner with a Beijing-based peer to tap growing interest from Chinese mainland clients, the second-largest foreign buyers of U.S. homes last year. Seattle-based Zillow said in a statement on Thursday it has signed a deal with Beijing... Continue Reading »

Homebuyers Clueless About Mortgages, Zillow Survey Finds

By Les Christie The housing market is heating up, yet many house hunters are not prepared to take on the biggest purchases of their lives. When it comes to mortgages, homebuyers answered basic questions about terms, how to choose a lender and financing wrong nearly one-third of the time, according to an April survey of... Continue Reading »

More Underwater Homeowners Bail Themselves Out in 3rd Quarter

The housing market's downturn was so severe that it has taken years to even begin approaching pre-meltdown normalcy, but as it improves, more homeowners are finding themselves in much better financial positions. During the third quarter of the year, negative equity in the housing market took a sizable tumble, according to... Continue Reading »

Home Prices Rise in August: Sign of Steady Housing Recovery

By Christopher S. Rugaber WASHINGTON -- Home prices rose in August in nearly all U.S. cities, and many of the markets hit hardest during the crisis are starting to show sustained gains. The increases are the latest evidence of a steady housing recovery. The Standard & Poor's/Case Shiller index reported Tuesday that... Continue Reading »

Half of Mortgage Borrowers Under 40 Are Underwater

By Les Christie NEW YORK -- Rising home prices helped nearly 1 million homeowners emerge from being underwater on their mortgages during the second quarter. But younger homeowners are still struggling to stay afloat, according to a report from Zillow. The percentage of borrowers who owed more on their homes than they... Continue Reading »

Home Values Build for 3rd Consecutive Month

By Lauren Riefflin Zillow's May Real Estate Market Reports, released today, show national home values rose for the third month in a row, climbing 0.5 percent from April to May to a Zillow Home Value Index of $148,100. The good news continues at the local level as well: Of the 166 metropolitan areas covered by Zillow, 86... Continue Reading »

Homes Lose $700 Billion in Value in 2011, Report Says

By Sheryl Nance-Nash The year-end housing news is sobering -- U.S. homes are expected to lose more than $681 billion in value in 2011. But there's an upside -- that's 35 percent less than the $1.1 trillion lost in 2010, according to new research from Zillow, a real estate information marketplace. What else did the... Continue Reading »

Be Very Afraid: 5 Key Ways Homebuyers Are in the Dark

Unless you've been living in a cave for the past five years, word surely must have reached you that home values have been declining for a while. Yet 42 percent of the people polled by Zillow recently said they thought home values appreciate by 7 percent a year. Really, people? Even in a normal market, typical appreciation... Continue Reading »

Zillow's IPO Bonanza: A Step Forward for Real Estate?

While Main Street remains skittish on home buying, Wall Street's vote of confidence Wednesday in online real estate company Zillow's IPO could signal new hope for the housing market. Then again, it could just demonstrate investors' unending love affair with dot-com suitors. Zillow Inc., an online listings and public... Continue Reading »

Housing Crisis Hits Previously Healthy Cities

Maybe we are just getting immune to the housing crisis; to the news that homes are underwater in Phoenix and Florida; that all the "sand states" are in real estate hell; and that it costs less to buy than rent in Las Vegas, where 51 percent of the buyers are coming in with cash. But here's a shocker: Seattle, Chicago and... Continue Reading »

Fewer Sellers Forced to Cut Home Prices

Will sellers ever wrest control of the housing market from buyers? We may still be a far cry from tipping the scales in sellers' favor, but a recent survey shows that the number of sellers forced to lower their asking price fell in September. Real estate site Zillow found that 28 percent of its home listings saw a price... Continue Reading »

Credit Scores Sink 1/3 of Possible Homebuyers

Even though home prices and interest rates have come down dramatically, many Americans aren't able to qualify for mortgages because they have low credit scores, a new survey reveals. According to a recent study, nearly 30 percent of all Americans searching for home loans are effectively locked out of the conventional... Continue Reading »

Make Facebook Your Friend When Buying a House

Looking at listings from the comfort of your Facebook account can be pretty convenient when house hunting, especially when you've befriended several brokers and added them to your social network. Following brokers on Twitter to find out about the latest properties in a hash-tagged region, and their sweet amenities that... Continue Reading »

Home Prices Rise and Fall, Trying to Find Bottom

It's easy to get confused these days when reading the headlines about where housing prices are headed. Zillow says home prices declined in the first quarter of 2010 by 1 percent quarter-over-quarter and fell 3.8 percent year-over-year. Integrated Asset Services (IAS) sees a rosier picture with national housing prices... Continue Reading »

Home-Sale Hardball: What Works Now

If you need to sell a house that's underwater, the last thing you want to do is shell out a realtor fee that's going to cut into your loss even more. But doing an FSBO in this market means a lot more than sticking a sign on your lawn and listing a few open houses in the local paper. You need to be persistent, networked... Continue Reading »

It's a Renter's World on the Internet

The housing website Trulia.com recently added rental listings, prompting a piece by the Wall Street Journal on the growing number of renters and sites that cater to them. But the story highlights something we here at RentedSpaces have long known: Rentals are a hot topic and renters need more resources. As the housing... Continue Reading »

The Zillow of Oz: You Sure About that Home Appraisal?

"Zillow's estimates are no more reliable than the "fortune tellers" at carnivals," says top Chicago real estate broker Mario Greco, who heads The Mario Greco Group at Prudential Rubloff. Greco wasn't surprised recently when a study by three University of Texas at San Antonio professors was published in The Appraisal... Continue Reading »

Years Into Downturn, Homeowners Accept Declining Value

Homeowners are often a sunny (we won't say "irrational") lot that tend to believe their homes are more valuable than they really are. Year after year, in survey after survey, they make it clear that they regard a two-room shack as a Swiss chalet, their mini-McMansion a bottomless piggy bank, and their remodeling spend as... Continue Reading »

Real Estate Pioneer and Century 21 Co-Founder Dies

On the eve of an initial public offering of Century 21's Chinese operation, Art Bartlett, the co-founder of Century 21 Real Estate Corp., died at age 76. Best known for their trademark yellow blazers, Century 21 was the first franchise-based real estate company to take off in the United States. Mr. Bartlett sold his... Continue Reading »

Obamas, Won't You Be Our Neighbor?

Americans have spoken, and they choose the Obamas as their most ideal next-door neighbor, according to a recent Zillow Celebrity Neighbor Survey. On the other end of the spectrum, crazy, Octo-mom, Nadya Suleman, was voted least-desirable neighbor. I guess no one wants to live next to FOURTEEN(!) screaming babies and her... Continue Reading »

Like McCain, Owners Home-Confused

Remember last year, when Presidential nominee Senator John McCain forgot how many houses he owned? Ha! Turns out he's not the only clueless person when it comes to homes. A new study from Zillow suggests many homeowners are out of touch with reality. Take people in Colorado, for example. Most markets in the western United... Continue Reading »

AOL RealEstate on Facebook