Who’s ready for a 1970s flashback? Get ready for more buyers in search of mirrored walls, home design trend experts at Zillow said in their annual survey of what they think will be top of buyers’ wish lists in 2023, based on how buyers’ searches and sellers’ home descriptions are changing on the listings portal website.
Prominent economists across the real estate world are turning out their predictions for the new year, and some have New England markets in their lists of top performers for 2023. But uncertainty over the economy’s direction has created an unusually broad spread among this season’s forecasts.
It’s a tough time to be a residential real estate brokerage right now. Revenue is falling along with numbers of home sales, raising the prospect that not every firm will survive next year.
Most homebuyers spend about as much time researching their next television purchase as they do their mortgage lender, compounding mortgage lenders’ struggles standing out from their competitors.
A new Zillow study suggests American home prices would have to fall almost 25 percent to return to recent affordability norms – something the company’s researchers suggested is so unlikely that buyers “may need to reset their expectations.”
Can you mine new housing inventory and leads for real estate agents from homes whose owners haven’t even made the firm decision to sell? That’s the bet a new local startup is making.
Zillow has combined a dozen of its agent-oriented software tools under a single flag named after its popular home-tour-management app: “ShowingTime+”
A bump in construction of new single-family homes last month didn’t help homebuilders feel any better about their business prospects
The share of borrowers applying for an adjustable-rate mortgage is the highest it’s been in 15 years, a new analysis by Zillow has found, but unlike the lead-up to the subprime mortgage crisis, these borrowers remain well-qualified.
The share of Boston-area home listings with price cuts may be much less than the same months in 2018 and 2019, but the size of the reductions are like nothing seen in the last five years.
Zillow users will soon be able to request a cash offer from iBuyer Opendoor, which recently began serving the Boston metro area.
It’s not just ability to pay that helps knock less-well-off buyers out of the housing market as prices and mortgage interest rates climb through the roof.
The median sale price for single-family homes reached $610,000 in June, according to The Warren Group, publisher of Banker & Tradesman, the first time the figure has broken $600,000.
The income needed to buy the median home in every major Massachusetts metro is significantly greater than the median income, a new study found.
Even as the median single-family and condominium sale prices set new records in May, signs emerged that buyers were pulling back.
Could the suburban shift in Greater Boston homebuyer demand be on the wane? That’s what Zillow researchers are suggesting in a new report out this morning.
By three different measures, the cost of buying a home in America is going through the roof – so high that one analysis says housing affordability is the worst it’s been since 2006.
Homeownership is often looked at as a good investment, but the rapid run-up in Massachusetts home prices last year took that to new heights.
Listings portal site Zillow is telling investors it plans to build a “housing super app,” an ambition that rests in part on attracting more sellers to its platform.
Apartment rents have blasted past pre-COVID levels in Greater Boston as demand returned to both downtown and suburban markets while the new supply pipeline declined.
