Tag Archives: Zillow

What markets are exhibiting symptoms of 2005 to 2008 that eventually led to the housing crash?

"Negative equity has become almost an afterthought in a handful of the nation's hottest markets, but is holding back the recovery in dozens of large markets nationwide," said Dr. Svenja Gudell, Zillow's Chief Economist.

Most renters are putting about 30 percent of their monthly income toward their rental payment, which makes saving for a 10 or 20 percent down payment difficult. This conflict forces first-time buyers and millennials to pursue other options when looking to purchase a home, such as help from family or friends.

A lingering effect of the financial crisis nearly seven years later, the number of borrowers who owe more than their homes are worth in the United States totaled 15 million at their peak. That number has been reduced to slightly below half by many factors, including foreclosures, short sales, and rapidly rising home values.

Rents are at an all-time high for single-family homes, but monthly mortgage payments are more affordable now than they were before the housing bust, according to Zillow's affordability report for the second quarter of 2015.

In her new role as chief economist, she will be the face of Zillow’s housing research as she continues to lead Zillow’s economic research team as it produces monthly reports on housing trends for more than 450 metros nationwide, as well as original research on the country’s most important housing topics.

Foreclosures, short sales, and rapidly rising home values saved 7.9 million of these homeowners from the pool of negative equity by the end of the first quarter. Those that remain underwater are expected to be the most severe cases to repair.

Days after getting the nod from the Federal Trade Commission, Zillow has finally completed its $2.5 billion acquisition of Trulia, the companies announced jointly Tuesday afternoon.

Seattle-based real estate and home-related marketplace Zillow announced Friday that it expects to close the acquisition of San Francisco-based online real estate site Trulia by February 17, following the announcement of the conclusion of a Federal Trade Commission investigation.

Zillow announced Friday that it expects to close the acquisition of Trulia by February 17, following the announcement of the conclusion of a Federal Trade Commission investigation. Zillow first announced its intention to acquire Trulia in July 2014 for $3.5 billion.