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.
A recent analysis by Zillow reveals that homes listed in the second half of April sell for an average of 2.8% more, approximately $9,300, compared to other times of the year. In contrast, the first two weeks of November are identified as the worst time to list, associated with a 3.5% discount. The gap in potential sale prices between optimal and suboptimal listing times has widened significantly since the pandemic. Furthermore, homes get over 30% more daily page views in April, indicating heightened buyer interest.
A recent Zillow study reveals that the gender pay gap significantly impacts women's access to housing. Women can afford 18% less of the U.S. housing market compared to men, with disparities varying by industry. For instance, women in financial services can afford only 19.1% of homes in Denver, while men can access 71.1%. Although the pay equity gap is narrowing, with Equal Pay Day moving to March 15, women's home values remain lower. The analysis utilized U.S. Census Bureau and Zillow data, emphasizing the need for systemic change in salary evaluations and workplace biases.
The Zillow Home Price Expectations Survey reveals that the housing market may not return to pre-pandemic inventory levels until 2024. A significant decline in home inventory has driven a 32% increase in home values over the past two years. Experts predict a 9% rise in home prices for 2022, influenced by limited supply and rising mortgage rates. First-time homebuyers' market share is expected to remain below 2019 levels until 2024, complicating affordability challenges for low and moderate-income households.
According to a Zillow Home Price Expectations Survey, housing market experts predict a return to pre-pandemic inventory levels and first-time buyer participation by 2024. The total inventory of homes sold has drastically declined, resulting in a 32% increase in home values over the last two years. Experts forecast a 9% increase in home prices for 2022, driven by inventory shortages and rising mortgage rates. First-time buyers are projected to regain market share, but challenges persist due to inflation affecting affordability.
In 2021, home value appreciation outpaced median incomes in 25 of 38 major U.S. metropolitan areas, according to a Zillow study. Home values grew significantly, with San Jose leading at an increase of $229,277, nearly equal to an oral surgeon's annual salary. Rent payments surged by over $3,000 annually, while down payments increased by more than $10,000, making homeownership increasingly unattainable for many. The widening gap between homeowners and renters was underscored by rising home prices and escalating rents, particularly in high-demand areas like Miami and Phoenix.
The U.S. housing market has dramatically transformed due to the pandemic, with inventory down 48% compared to 2020, leading to a 32% rise in home values. As of February 2022, typical home values reached $331,533, and appreciation is forecasted to peak at 22% in May before settling at 17% by February 2023. Rent prices have surged, with an increase of nearly $3,400 compared to two years ago. Despite rising interest rates, demand remains robust, evidenced by homes selling in an average of 11 days. Sales in 2022 are projected to rise 4.8% compared to 2021.
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Zillow has launched a new feature called Homes to Compare, available on its mobile app and website, allowing users to compare up to five home listings side-by-side. This tool highlights over 70 key details, including price and square footage, to streamline the home-buying process. Zillow's research indicates that one-third of first-time home buyers feel dissatisfied with existing comparison options. The new feature aims to alleviate stress in home shopping, especially as buyers face rising prices and low inventory. Zillow continues to innovate with technology-driven solutions to enhance user experience.
Zillow Group (NASDAQ: Z, ZG) will participate in the Wedbush Real Estate Technology Conference on March 3, 2022, at 10 a.m. PT / 1 p.m. ET. CEO Rich Barton will be featured in a fireside chat moderated by Ygal Arounian. Attendees are encouraged to register in advance for the event. Both live and replay webcasts will be accessible on Zillow's Investor Relations website. Zillow is a leading online real estate platform in the U.S., offering services for buying, selling, renting, and financing homes.
The latest Zillow report reveals a record-low inventory and unprecedented price growth in the housing market. The Zillow Home Value Index (ZHVI) reached $325,677, rising 1.5% from December to January and 19.9% year-over-year, marking a 20-year high. Active inventory dropped 13%, significantly affecting buyer options, with January listings the lowest since 2019. Despite these challenges, home sales in January remain similar to peak levels in 2021. Rent growth decelerated to 0.1% monthly but year-over-year rent increased 15.9%.