Millennials are being shut out of the real estate market as rising home prices and interest rates are pushing homeownership out of the reach of many first-time buyers. According to a report in Fortune citing Mark Boud, chief economist for Metrostudy, a unit of real estate...
For much of the early 2010s, there was an emerging piece of conventional wisdom that millennials were on the verge of radically breaking from the behavior of their older siblings, parents and grandparents and eschewing homeownership en masse. Many reasons were given (fear of default...
Caution, warns a sell side analyst regarding homebuilder stocks, and the sector swoons. As seen on Friday (Sept. 21), homebuilder equities took it on the chin in the wake of a downgrade from JPMorgan. The firm lowered estimates and ratings for five names. Of those...
Twelve years ago, when New York Magazine profiled Craigslist and its founder Craig Newmark, they managed to call him “schlumpy” and “gnomish” within the first 800 words of the profile. It seems harsh — because it was harsh — but in all fairness, media outlets were...
To quote the great Jimi Hendrix: And so castles made of sand, fall into the sea. Eventually. So many metaphors. So little space in which to list them. How about two more: Crumbling foundations and no shelter from the storm? A recent Bloomberg article shone a spotlight on a...
HomeLight, a marketplace for connecting homeowners with real estate agents, announced Tuesday (August 7) that it is collaborating with U.S. News & World Report. In a press release, HomeLight said it will power USNews.com’s agent recommendation tool and provide market trends and editorial content in...
Zillow, the online real estate company, is getting into the mortgage market, announcing Monday (August 6) that it is acquiring Mortgage Lenders of America, a national mortgage lender headquartered in Overland Park, Kansas. In a press release, Zillow said the deal, which is subject to...
Zillow, the online real estate company, disclosed Monday (June 25) that the Consumer Financial Protection Bureau (CFPB) dropped a previously disclosed investigation into the company. In a Securities and Exchange Commission (SEC) filing, Zillow said that, in February, it received a Notice and Opportunity to Respond and Advise...
A new report shows that national home values are rising at their fastest pace in 12 years, rising 8.7 percent to a median value of $215,600. According to the April Zillow Real Estate Market Report, home values have not increased this quickly since June 2006 —...
