By: Amy Bohutinsky Director of Communications | July 24, 2008
Lots of buzz today about a lawsuit by San Diego City Attorney Michael Aguirre against one of the nation’s largest lenders - Bank of America - aiming to prevent the bank from foreclosing on homes in his city. The measure is meant to protect homeowners in danger of defaulting on loans, but BusinessWeek’s Peter Coy [...]
By: Drew Meyers Community Relations Specialist | June 19, 2008
Unless you’ve been living in a cave or refuse to engage in real estate headlines of late, it’s common knowledge that many local real estate markets are down around the country. So, I thought I’d dig into the data of our Q1 Home Value Reports to find which real estate markets suffered the biggest percentage [...]
By: Tommy Unger Data Analyst | June 10, 2008
With high gas prices and a housing market still trying to break out of these doldrums, people are trying to save money wherever they can. One technique for achieving financial freedom is keeping a monthly budget and watching your income and spending closely. The first big check that homeowners will write will be the mortgage [...]
By: Diane Tuman Content Manager | May 27, 2008
Recently, I wrote a blog post about areas in the U.S. where 2008 Q1 home values actually appreciated from 2007’s Q1 home values. This, unfortunately, is the counter post and it ain’t pretty.
Guess which area was the biggest loser? If you guessed California, you’re right. But, if you nailed it with a guess of Merced, [...]
By: Jorrit Van der Meulen VP, Partner Relations | May 22, 2008
In case you missed this morning’s first Webinar for Real Estate Professionals, you can access the archived presentation through Zillow’s Media Room. Thanks to all of you who attended. We had a fantastic turnout, some great questions, and Stan and I had a lot of fun.
Speaking of questions, our only regret is that we did [...]
By: Amanda Hoffman PR Specialist | May 22, 2008
There’s still time to sign up for Zillow’s free Webinar for Real Estate Professionals, but you’ll need to act quickly! Register here for the Webinar, and tune in at 10 a.m. PT/1 p.m. ET to hear Zillow’s Jorrit Van der Meulen and Dr. Stan Humphries discuss what’s happening in today’s real estate market and what [...]
By: Diane Tuman Content Manager | May 20, 2008
It’s hard to believe that in our depressed economy and flattened real estate market that in some areas of the U.S., home values actually appreciated year-over-year. It’s true — there was a real estate Santa Claus for some of us this past quarter.
In our Q1 Home Value Report, we did an analysis of 160 metropolitan [...]
By: Sara Bonert Partner Relations Manager | May 14, 2008
Each quarter Zillow releases Quarterly Report data on housing trends from a national and local (down to the neighborhood) level. As a buyer’s agent this data can be very useful in helping your clients use trends when figuring out where to purchase their next home. As a seller’s agent the data is equally as [...]
By: Amy Bohutinsky Director of Communications | May 7, 2008
As you saw from Stan’s earlier post, home values continued to slide downward in the first quarter, falling more significantly than any quarter we’ve ever reported – down nearly 8% from a year ago.
Despite this trend and near-endless streams of news coverage on the subject, a lot of homeowners are still bullish about their home’s [...]
By: Stan Humphries VP, Data & Analytics | May 6, 2008
Conditions continued to worsen in Q1 as U.S. home values continued their slide down with the Zindex posting a 7.7% year-over-year decline, the sharpest decline we’ve ever seen in our data, which extends back to 1996. Not surprisingly, the market decline brought with it increasing rates of negative equity, with one out of two [...]
