Welcome to our dedicated page for Zillow Group news (Ticker: ZG), a resource for investors and traders seeking the latest updates and insights on Zillow Group stock.
Zillow Group reports on a real estate technology platform that connects consumers with homes, rentals, real estate agents, loan officers and housing providers. Company updates commonly cover financial results across residential, rentals, mortgages and for-sale activity, along with products such as Zillow Showcase, Zillow Home Loans, Zillow Rentals, Zillow New Construction, ShowingTime, dotloop and agent software tools.
News also includes Zillow housing-market research, including home value, rent, inventory, affordability and buyer-engagement data. Other recurring themes include pre-market listing products such as Zillow Preview, brokerage participation, marketplace transparency, AI-enabled search tools and services for renters, buyers, sellers and real estate professionals.
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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.