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The Latest Breaking News from Zillow

Zillow’s chief economist published a New Year’s ‘Housing Market Resolutions’ list. It reveals just how bad the situation is

From the lock-in effect, to the housing shortage, to mortgage rates and more—here’s what Zillow’s chief economist is wishing for in this year’s housing market.

Fortune

End 2024 in Style. Buy These 3 Unusually Active Options to Hold Until 2025.

While it's unknown how the major indexes will perform in 2024, the past year that's nearly in the books has been good. Several long-duration options were unusually active on Thursday. Here are three to hold until 2025.

Barchart

Buying a typical home now takes up a record 40% of your income, but Zillow expects that to ease ‘just a bit’ in 2024

Homebuyers will have more housing options and “a bit more affordability breathing room,” Zillow’s economists predict in a recent report.

Fortune

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Home prices could drop next year, but don’t expect that to solve the affordability crisis, bank exec says

Morgan Stanley forecasts a 3% drop in home prices next year—just half of the 6% price increase this year.

Fortune

Zillow Cuts Estimate For Home Prices In 2023

High mortgage rates and the increase in the inventory of homes for sale are putting downward pressure on prices.

International Business Times

Why we can’t stop looking at homes we’ll never own

Property listings are Elle Hunt’s biggest weakness. Introducing her new column about modern happiness, why am I like this?

The Guardian - US

Housing affordability is so strained that 1 in 5 couples ask for down payment cash on their wedding registry. Your friends and family would rather give you cash to go to Mexico

Home prices are soaring, and down payment funds are becoming popular wedding registry items. But couples receive more on average asking for a honeymoon.

Fortune

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Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward

This ‘crucial milestone’ that signifies financial stability will be lost on new homeowners for more than a decade.

Fortune

Real-estate industry rocked by $1.8 billion verdict finding ‘conspiracy’ to force sellers to pay illegal commission fees

Warren Buffett's HomeServices was among the defendants found liable for a verdict that could climb to more than $5 billion.

Fortune

Zillow revises its 2024 home price forecast downward for second month in a row. Here’s why

Are we on the brink of a "housing recession" as existing home sales plummet to 2010 levels? Zillow is doubling down on its prediction on home prices.

Fortune

The housing winter arrives early as existing-home sales crash to Great Recession levels and the long-feared ‘deep freeze’ sets in

Zillow warned in May that housing would enter a “deep freeze” if mortgage rates hit 8%. They came anyway—and existing home sales hit a 13-year low.

Fortune

The U.S. housing market has gotten so expensive that income would have to jump 55% to make buying 'affordable,' real estate executive says

Personal incomes would have to soar to make up for the higher home payments created by rising mortgage rates.

Fortune

U.S. Housing Boom Benefits Downsizers As Market Soars

Appreciation in property values creates windfall for homeowners looking to downsize, says Zillow economist.

Zenger

Zillow once again shifts its 2024 home price forecast. Here's why

In August, Zillow predicted that U.S. home prices were poised to increase 6.5% over the next 12 months, but now it is revising that estimate to 4.9%.

Fortune

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The Guardian - US

‘Totally devastating’: borrowers on the start of student loan repayment

Reprieve experienced over the last three years by as many as 43 million Americans comes to an end as payments begin

Kiplinger

Home Values to Rise 6.5% Over Next Year, Zillow Report Says

Home values have bottomed out, says Zillow, and home sales will decrease amid a tight market.

Fortune

Zillow is a full-blown housing market bull—predicting that U.S. home prices will jump 6.5% by July 2024

Zillow: “Limited for-sale inventory continues to push home prices upward even as mortgage rates remain elevated.”

The Independent UK

Eric Trump denies report Mar-a-Lago sold for $422m days before dad’s Georgia arrest

Former president’s middle son angrily denies reports that glitzy property was sold to Donald Trump Jr

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The Street

Nearly half of first-time home buyers use this resource to secure a home

The housing market remains challenging for potential buyers. Here's how some first-time buyers are getting in.

Fortune

This millennial is priced out of the Los Angeles housing market—now he's worried he'll get priced out of Bakersfield too

“It just kind of was like, wow, are we going to soon be priced out of a home in Bakersfield?”

The Guardian - US

‘Out of reach’: median home price in Los Angeles nears $1m

House prices have increased more than 30% in five years in the state’s largest city, which has at least 50,000 people living outside

Reason

Be Like Pixar, Not NASA

Artificial intelligence poses the most risk when it is embedded in a centralized, tightly coupled organization. But it can facilitate decentralization too.

Kiplinger

Zillow, Redfin Link to Connect Homebuyers With Homebuilders

Real estate rivals aim to increase visibility of new-construction listings.

The Guardian - UK

‘I gravitate towards the uncomfortable’: how John Wilson made TV’s most bizarre and brilliant docuseries

Sex cults, energy drink empires, his landlady – nothing and no-one is off limits for the creator and star of HBO documentary How To With John Wilson

Fortune

A PhD student who grew up in Seattle feels locked out of the city by its unaffordable housing costs: 'It’s so strange to feel like a city is off limits'

“It really felt like I was leaving home…and I don't think I’ll ever be able to afford it,” Anastasia Selby told Fortune.

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