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Tag Archives: Zillow

Lawsuit Filed Against Newly Hired Executive

Move, Inc. filed a lawsuit Monday against Zillow, Inc. and newly hired Zillow executive Errol Samuelson. The suit was filed in the Superior Court of King County, Washington. The lawsuit against Zillow and Samuelson alleges breach of contract, breach of fiduciary duty, and misappropriate of trade secrets.

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First-Time Buyers Show Interest; Face Tough Market

More than 4 million first-time buyers want to enter the market, but they face some tough issues as market conditions aren't exactly favorable to new buyers. This conclusion came from the Zillow Housing Confidence Index (ZHCI), a new calculation released by Zillow and Pulsenomics.

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Increased Inventory Slows Home Value Growth

In a report released by Zillow, national home values rose just .2 percent in January from December. Inventory rose in 22 of the nation’s 35 largest metros, and home values are expected to rise another 3.4 percent in the next 12 months. The Zillow Home Value Index notes that January's figure of $169,600 is the smallest monthly increase since May, 2012.

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Zillow Marks Upward Trend in Mortgage Rates

Zilllow Mortgage Marketplace, a lending service operated by the home listing website Zillow, announced new mortgage rates Tuesday. Currently, the mortgage rate for a 30-year fixed mortgage is 4.18 percent, according to the release. The rate hovered between 4.17 and 4.21 percent before spiking on Wednesday to 4.27 percent. Mortgage rates eventually came down, dropping to the reported 4.18 percent on Thursday.

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Experts Predict Level Playing Field as Investors Withdraw

A majority of experts surveyed by Zillow and Pulsenomics expect large-scale investors will pull out of the housing market in the next few years—and that hopefully means a smoother field for consumer buyers. “Buyers entering the market in the next few months will not be competing with cash-rich investors like they were last year," said Zillow chief economist Dr. Stan Humphries.

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Zillow Report Shows Rise in Mortgage Rates

Zillow Mortgage Marketplace, operated by the online real estate database Zillow, released its weekly mortgage rates Tuesday. Zillow reports that 30-year fixed mortgage rates rose slightly to 4.14 percent, reversing the previous week’s decline from 4.09 percent at this time last week. The 30-year fixed rate mortgage rose early last week before leveling off near 4.13 percent on Friday.

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Recovery Expected to Enter ‘Middle Innings’ in 2014

home prices

While the housing market is still far from “normal,” it is inching that way, according to a report released Thursday from Zillow. Last year’s skyrocketing home price appreciation, frenzied demand from investors, and high tide of negative equity are all expected to subside somewhat this year, according to the real estate company. A number of unsettling trends started to emerge as a result of rapid and ultimately unsustainable appreciation last year, according to Zillow, but markets that posted the highest price gains in 2013 are already slowing.

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