The numbers: U.S. new home sales rose 5.8% to a seasonally-adjusted rate of 640,000 in November, from a revised 605,000 in the prior month, the Commerce Department reported Friday. The Read more
Tag: Residential Real Estate
‘Only time will tell if September was the nadir:’ Zillow reports sharp home-value declines in these cities, amid grim outlook for U.S. housing market
Winter is coming, and the real-estate market is slowly coming to a standstill. According to a new report by Zillow Z, -2.00%, the typical home in the U.S. saw its Read more
On anniversary of home-flipping flop, Zillow is done selling houses
Zillow Group Inc. is done selling houses a year after ditching its iBuying business, and executives reported better-than-expected earnings and revenue while wrapping up the effort in the third quarter, Read more
Zillow confirms more layoffs amid housing-market slowdown
Zillow Group Inc. confirmed more layoffs Wednesday, as the real-estate services company grapples with a slowdown in the housing market. Bloomberg News reported Wednesday that Zillow laid off 300 employees, Read more
U.S. new home sales retreat in September, partially reversing surprising gain in prior month
The numbers: U.S. new home sales fell 10.9% to a seasonally-adjusted annual rate of 603,000 in September, from a revised 677,000 in the prior month, the Commerce Department reported Tuesday. Read more
The 10 most affordable housing markets for homebuyers, according to Zillow
Rejoice, fans of “The Office” — if you’re looking to buy a home, Scranton, Pa. also happens to be the most affordable housing market in America, according to a new report. Read more
For-sale homes are spending more time on the market. That may be good news for home buyers.
It’s taking more time for homeowners to sell their homes. And that’s potentially good news for homebuyers, who now have more room to negotiate. Mortgage rates are soaring, with the Read more
Travel to beautiful places for less money, and live like a local: Why retirees should try house swapping
Barbara Costello, 72, spent a month this summer on vacation in the South of France. The trip was incredible, especially because she got to go with her husband and several Read more
U.S. will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.
Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, Read more
U.S. new home sales surge 28.8% in August
The numbers: U.S. new home sales surged 28.8% to a seasonally-adjusted annual rate of 685,000 in August, from a revised 532,000 in the prior month, the Commerce Department reported Tuesday. Read more
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