Zillow now accounts for nearly half of all real estate web traffic: Analysis

The search behemoth far and away led market share for search portals, drawing 44 percent of all real estate web traffic, but CoStar’s Homes.com leaped by bounds last month, according to an analysis. Continue reading

New-home sales post third-straight monthly increase in February

Sales of newly built single-family homes rose 1.1 percent in February while the average sale price climbed to just under $500,000, according to data released Thursday by the U.S. Census Bureau. Continue reading

Typical home down payment falls to 2-year low as concessions return

The typical down payment for a homebuyer in the United States fell 10 percent between January 2022 and 2023, to $42,375, according to new data released Wednesday by Redfin. Continue reading

Typical home down payment falls to 2-year low as concessions return

The typical down payment for a homebuyer in the United States fell 10 percent between January 2022 and 2023, to $42,375, according to new data released Wednesday by Redfin. Continue reading

Falling existing-home sales reverse as record-streak of price hikes end

Existing-home sales surged 14.5 percent in February, reversing a yearlong trend of falling transactions from one month to the next, according to data released Tuesday by the National Association of Realtors. Continue reading

Credit Suisse acquired by rival UBS in biggest bank merger since 2008

The acquisition by UBS, one of the largest real estate asset managers in the world, is intended to help contain the crisis of confidence spreading across international financial markets. Continue reading

Zillow CEO Rich Barton: ‘The real pain is probably coming’

Zillow — which held $3.4 billion in cash and investments at the end of 2022 — is well prepared to weather any storm, including the banking fallout, Barton said in a new interview on Thursday. Continue reading

Multifamily construction delivers boost to housing starts in February

Apartment building construction soared 24 percent in February, lifting new housing starts overall despite a weak month for single-family builds, according to data released Thursday by the U.S. Census Bureau. Continue reading

Builder confidence inches up as developers brace for lending anxiety

Builder confidence rose 2 points in the latest National Association of Home Builders’ Housing Market Index, but economists fear lending challenges in the wake of bank failures this month. Continue reading