Welcome to our dedicated page for Zillow Group news (Ticker: Z), a resource for investors and traders seeking the latest updates and insights on Zillow Group stock.
Zillow Group, Inc. (Nasdaq: Z and ZG) generates a steady stream of real estate news and housing market analysis through its Zillow-branded reports and research. As an Internet-based real estate company and the operator of what it describes as the most visited real estate app and website in the United States, Zillow Group regularly publishes updates on home values, affordability, mortgage trends and competition across major U.S. metropolitan areas.
News about Zillow Group often centers on its housing market reports, which track metrics such as the share of household income needed for a typical mortgage payment, changes in inventory, price cuts, rent growth and regional differences in market heat. The company also releases forecasts that outline expected home value growth, mortgage rate paths and affordability conditions in coming years, as well as rankings of markets it identifies as hottest or most popular for home shoppers.
In addition to macro-level market coverage, Zillow Group’s news includes consumer research and behavior insights, such as how buyers and sellers choose real estate agents, what features home shoppers search for most, and how search patterns vary by state or region. The company highlights tools on its platform, including affordability calculators, down payment assistance information and its BuyAbility feature, in the context of these reports.
This news page aggregates press releases, analyses and company updates related to Zillow Group’s role in the U.S. housing market. Readers can use it to follow changes in affordability, monitor which metros Zillow identifies as especially competitive, and see how the company’s data and tools are being applied to topics ranging from wildfire impacts on housing to seasonal shifts in listings and sales activity.
Zillow Home Loans reports that 15% more borrowers purchased mortgage points in 2022 than in 2021 as interest rates hover around 6%. Nearly 45% of conventional primary home borrowers opted for points to lower monthly payments. This reflects a significant increase from 29.6% in 2021 and a consistent rise from 27.3% in 2019. In cash-out refinance scenarios, 57.8% of borrowers chose to buy points in 2022. Buyers with lower incomes are more likely to purchase points, particularly for homes in the top and middle price tiers. As home values remain about 25% above historical affordability norms, the strategy of buying points is becoming more prevalent among those seeking to ease monthly financial burdens.
The latest Zillow analysis, dated April 20, 2023, reveals significant trends in the housing market, particularly for entry-level home buyers. Notably, the least-expensive one-third of homes experienced a remarkable 8% annual price increase, amounting to nearly
The latest Zillow survey reveals that over half of Gen Zers (52%) and millennials (57%) believe they would need to win the lottery to afford a home, reflecting the daunting challenges of current housing affordability. The survey indicates that 95% of Gen Z and 94% of millennials would need to make significant lifestyle changes to pursue homeownership. The housing affordability crisis has worsened, with home values rising by 3% year-over-year and mortgage payments averaging $431 more than last year. As they face a typical down payment of around $67,000, many are optimistic about buying a home within five years. The survey highlights the gap between aspirations and reality for younger generations, emphasizing the need for financial strategies and resources, such as Zillow's tools for down payment assistance and mortgage calculations.
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