Tag Archives: Zillow

Zillow, Inc., announced real estate industry vet Chris Crocker is joining the team as the company's VP of strategic partnerships. Crocker brings to the position more than 16 years of experience in the real estate industry, having served most recently as regional VP of operations for the Southwestern U.S. region of NRT, LLC.

A survey of economists conducted by Pulsenomics and published by Zillow shows high hopes for home prices in 2013 and beyond.

As Zillow continues to grow its rental offerings, the company announced it's providing a free service to help rental professionals grow their business.

After five years of cumulative losses, home values will finally post their first annual gain, according to data from Zillow. The calculations show homes are expected to gain $1.3 trillion in cumulative value for 2012, the largest gain since 2005 and the first annual increase since 2006, Zillow reported. The company expects the year-end total to reach $23.7 trillion, which is a 6 percent increase from last year's total. In 2011, the cumulative loss in home values was $792 billion compared to 2010.

On a monthly basis, home values inched up by 0.6 percent to $156,200 in November, according to Zillow's Home Value Index. Compared to November 2011, home values have increased by 5.2 percent, which is the biggest yearly gain since August 2006. Twenty-six of the 30 largest metros tracked by Zillow registered yearly gains. Not surprisingly, Phoenix led with a 23.2 percent increase. The metro was followed by San Jose (+13.4 percent), San Francisco (+12.1 percent), Las Vegas (+11 percent), and Denver (+10.8 percent).

In its latest research brief, Zillow analyzes data on actual sales prices compared to asking prices, the number of days listings spent on Zillow, and the percentage of homes on the market with a price cut. With the exception of Seattle and Washington, D.C., the top sellers' markets are all in the West, with six of the top eight located in California. Besides their geographic location, the top sellers' markets have one huge commonality: They were some of the worst-hit markets in the crash.

Zillow, Inc., announced its sixth acquisition in the last two years. The company has entered into an agreement to buy San Francisco-based HotPads, a map-based rental and real estate search site. The $16 million deal is expected to close by the end of the year.

Zillow, Inc., a leading real estate information marketplace based in Seattle, Washington, announced that 33 additional real estate brokerages have signed on to participate in Zillow Pro for Brokers. In total, the number of participating brokerages is at 48.

Mortgage Marketplace is one of Zillow's app suite that features 15 realestate-related mobile apps across all major platforms. The app provides a transparent lending marketplace where borrowers can connect to reputable lenders to find personalized loan options and get a variety of competitive mortgage rates.

Home values in the United States rose 1.3 percent in the third quarter, marking the fourth straight quarter of increases.