Zillow

In June we're heading to RenderATL (Render Atlanta), Atlanta's premier continuing education conference for industry technology professionals. We'll be showcasing immersive product demos, sharing exciting career opportunities, and hearing from Zillow leaders on how we're shaping the future of real estate. Will we see you there? Here's what you can expect ⬇️

Spring is usually when the housing market presses the accelerator, but with mortgage rates above 7%, the market coasted off of the speed built up in the previous months. Here's what it means for you, whether you're buying or selling. Check out the full data and details in our April Market Report: https://lnkd.in/dB8zSKaT #HousingMarket #RealEstate #Zillow

Peak leasing season is approaching, and Zillow Rentals is launching its first-ever national multichannel advertising campaign dedicated to apartment seekers. The campaign showcases the variety of apartments and renter-centric features available on Zillow Rentals, the #1 most visited rental network. Take a look below!

Buying season is heating up, and according to our latest market report, inventory and new listings are rising nationwide, while price cuts are hitting a seasonal high point. Read the report for the full details, including the best markets for both buyers and sellers: https://lnkd.in/dB8zSKaT

🏡 Today, the 30-year fixed rate #mortgage is roughly 7.1% according to Mortgage News Daily. Housing affordability is strained but for those who can still afford to buy... While some choose to rent, chances are... many potential home buyers don't even know they can still afford to buy in the current environment. ➡️ Of those who did not own, roughly 1 in 7 families could still afford to buy in 2022. Rates peaked that year at 7.08% - not that far off the current rate. While housing costs are up in most markets since April 2022, consider the other side of the budget constraint. Many factors support #housing demand. Incomes and financial #wealth have increased. The S&P 500 is up 21% from apr 2022-2024, for example. Wages have also risen 8.7% during that same time period 👀 With Zillow Home Loans, LLC BuyAbility, potential #home buyers just need to hop on the app and answer a few questions, and it’ll tell them how much home they can afford and their likelihood of getting approved for a loan.

April marked National Fair Housing month and the beginning of Zillow's campaign to address the racial homeownership gap. Our Zillow For Good Housing Innovation Grants Program empowers employees to nominate nonprofits driving change in homeownership opportunities for people of color. Learn more about this year's grant recipients and their impactful initiatives: https://lnkd.in/gg5Jabft

We're introducing our latest innovation – the BuyAbility tool by Zillow Home Loans– with new ads showcasing how it provides homeowners with real-time insights into their buying power. Say goodbye to “Can I afford it?” and hello to “Let’s do this!” Watch the ad below ⬇

Affordability is one of the biggest concerns among home buyers today. Understanding your budget and buying power is critical, but not always easy. To help, Zillow Home Loans created BuyAbility – a new tool that gives buyers a personalized estimate of a home price and monthly payment that fits within their budget, powered by real-time mortgage rates from Zillow Home Loans. Get started today on the Home Loans tab in the Zillow app or click the link for more info: https://lnkd.in/g3hS7ApR

LinkedIn news weighing in on the 'sticky' part of the #inflation story. While annual #rent increases slowed to just 3.6% in April, the rent components of the CPI are running between 5.5%-6%. To make sense of it all, here's Zillow research on why rent increases in the consumer price index #cpi can continue to exceed increases in market rents and remain elevated long after any market pressure has dissipated: https://lnkd.in/gGBb8Wuk Want to know the latest as well as what's going on in your local market? Look no further than Zillow's monthly rental market report: https://lnkd.in/grngerwp ➡️ The typical U.S. rent is $1,997 as of April, up 0.6% month over month. The pre-pandemic average month-over-month change for this time of year is 0.7%. U.S. rents are now up 3.6% from last year. Since the beginning of the pandemic, rents have increased by 31.4%. ➡️ Rents are up from year-ago levels in 48 of the 50 largest metro areas. Annual rent increases are highest in Providence (7.7%), Louisville (7%), Buffalo (6.5%), Cleveland (6.5%) and Hartford (6.2%). ➡️ Rents fell, on a monthly basis, in just one major metro area; rents fell 0.1% in Oklahoma City. From LinkedIn news: https://lnkd.in/gv5jT96Z

This weekend is Mother’s Day but, at Zillow, we believe the work of a caregiver deserves year-round appreciation and support. We’re proud to provide benefits that support our employees and their wellbeing including fully paid bonding leave, free breast milk shipping, flexible work, and back-up child care. Learn more about our employee benefits: https://lnkd.in/gSEwdeN8