Zillow

We are honored to have been invited to testify before the U.S. House Financial Services Committee, one of the housing industry and nation’s most powerful policymaking bodies, about how AI can – and should – be used to improve housing equity and access in our country. Listen below for a snippet of Senior Director of Personalization AI Ondrej Linda’s testimony, or watch the full recording here: https://lnkd.in/dZCeCBsY #Housing #AI #ZGLife

It’s no longer a seller’s market, especially in markets like Austin, Charlotte, and Dallas, which have shifted significantly in just a few months. Watch as Zillow Chief Economist Skylar Olsen breaks down what this means for buyers and agents alike, or read the full report for more details: https://lnkd.in/gkDDEj6j #HousingMarket #RealEstate #Zillow

We’re excited to announce that Soumya Srinagesh Tulloss has joined Zillow as our new Senior Vice President of Agent Sales. Soumya will lead a sales team dedicated to solving problems for real estate agents through innovative industry-facing products and services. She is focused on offering a more holistic approach to agent advertising and software products. Please join us in welcoming Soumya to Zillow! 🎉 Read more: https://lnkd.in/eCx6tdqS

Last month, the housing market saw a shift. Our July Market Report shows buyers gaining an advantage as price cuts rose and mortgage rates ticked down, while sellers lost their edge. Get the key takeaways below and the details in the full report: https://lnkd.in/gkDDEj6j #HousingMarket #RealEstate #Zillow

The price tag of a starter home is now over $1 million in more than 100 cities and towns across the country, according to new data from Zillow, another sign of the ongoing affordability challenges in the housing market. “When affordability gets strained, people want the cheapest thing,” Orphe Divounguy, a senior economist at Zillow, told Yahoo Finance in an interview. “And as people wanted more and more starter homes, the growth rates in the price of starter homes basically skyrocketed.” According to Zillow, the average starter home nationwide is priced at $196,611, within reach for a median-income household. Zillow defines starter homes as those in the lowest third of home values in a given region. However, starter home prices have soared 54.1% over the past five years, exceeding the 49.1% rise in the price of all homes during the same timeframe. At least thirteen states nationwide now have at least one city or town that has a starter home worth $1 million or more. More: https://lnkd.in/ewX7cyj9 #yahoofinance #finance #money #realestate #realty #economy

July saw decreased competition, with high housing costs keeping homes on the market for longer and causing sellers to lose their edge. However, with recent drops in mortgage rates, we could see more competition as we head into fall. Zillow Chief Economist Skylar Olsen breaks down what this will mean for both buyers and sellers in the July Market Report: https://lnkd.in/gkDDEj6j #HousingMarket #Zillow

🔥 1 More Day! 🔥 We’re kicking off our FOURTH half-day virtual summit, but, we’re calling this one: How To Thrive In A Changing Market. In the face of industry-changing litigation and technological disruption, only those agents who adapt will thrive. You’re invited to a FREE, half-day virtual summit tomorrow, Thursday August 15th. We’re kicking off at 9am PST | 12pm EST - Featuring 12 phenomenal speakers and 8 value-packed sessions all designed to help you navigate and THRIVE in today’s market. Whether you’re an agent, team or brokerage, be sure to join us next Thursday, to gain a competitive advantage and unlock new levels of success. We also have some amazing giveaways - so be sure to stick around 🙌 Click that 🔗LINK BELOW 🔗to register now https://lnkd.in/e_nMHgrd

Despite the summer heat, the rental market is cooling, with over 33% of rental listings on Zillow offering concessions. A recent construction boom is bringing a healthier market with more options and better deals for renters. Read the report to dig into the data and details:  https://lnkd.in/eB2_tCPS

Once a year, our employees dive into Hack Week – a multi-day event where we brainstorm, collaborate, innovate and transform new ideas into breakthrough projects. This year, over 1,500 employees came together in person and virtually to pitch new ideas that solve customer problems and improve user experience. The best part? Some of these innovations will join our product roadmap and become real products and features! Congratulations to all the participating teams of #HackWeek for showcasing creativity, collaboration, and innovation! And, a special shout out to the winning teams. Check out highlights from Hack Week 2024 and visit zillow.com/careers to join us for the next one! #ZGLife

Revenue was up 13% in Q2, and Zillow — now with a new CEO — said it's in a strong position: “We have the most customers, we work with the best partners." Jeremy Wacksman #realestatenews #realestate #zillow #earningsreport #CEOinsights