How Much Can You Save By Refinancing?

Mortgage rates are sitting at record lows and US homeowners are taking advantage by refinancing their mortgages. For those who haven’t refinanced, Zillow is offering a look at how much they could save on the typical house in markets across the country. “Choosing whether to refinance your mortgage is ultimately a personal choice, but recent moves in mortgage rates have probably made that decision a whole lot easier for those who qualify,” Zillow economist Matthew Speakman said. “Mortgage rate declines have allowed many to lower their monthly mortgage payment or tap into the equity they’ve built in their home by refinancing their loan – offering some financial stability to many in a time of great economic uncertainty. With rates poised to…

Zillow’s iBuyer Program Resumes In 5 Markets

Zillow’s iBuyer program resumed buying homes in five more markets Tuesday, bringing the total to 20 of the 24 markets it was operating in prior to the coronavirus pandemic shutting everything down. Zillow Offers resumed operations in Los Angeles, Riverside, Minneapolis, Cincinnati and Orlando. The program paused nationwide March 23 and has gradually begun operating in markets across the country in recent weeks. “Home sellers want a more convenient, seamless and safe way to sell their home, and we’re excited to bring Zillow Offers back to more sellers around the country,” Zillow President Jeremy Wacksman said.  Zillow Offers is currently available for sellers in Atlanta, Austin, Texas, Charlotte, N.C., Cincinnati, Colorado Springs, Colo., Dallas, Denver, Fort Collins, Colo., Los Angeles,…

Zillow Updates Listings To Include LGBTQ Info

Zillow updated all property listings on Tuesday to include whether homes are in communities where state and local laws protect individuals who are lesbian, gay, bisexual or transgender from discrimination. All listings on Zillow, including those that are on or off the market, include the updated information. “It’s 2020, and yet, unfortunately, in many parts of the United States, LGBTQ+ home shoppers still face housing discrimination,” said Dawn Lyon, Zillow chief corporate relations officer. “That’s why we strongly support federal-level protections as part of the Equality Act. In lieu of federal law and in the spirit of ‘turning on the lights,’ we want to give people the most information possible when buying, renting and financing a home, including which communities…

Zillow Reopens 6 More iBuyer Markets

Zillow announced Tuesday that it is resuming its iBuyer program in six additional markets – bringing the total to 15 – after shutting it down in all markets at the height of the coronavirus pandemic. Zillow is reopening Zillow Offers in Atlanta, Dallas, San Antonio, Austin, San Diego and Sacramento. Previously, Zillow Offers opened up in Portland, Oregon; Nashville; Denver; Fort Collins, Colorado; Colorado Springs, Colorado; Raleigh; Charlotte; Phoenix; and Tucson, Arizona. The company paused buying homes in the 24 markets where Zillow Offers operates on March 23 in response to housing market uncertainty and public health concerns. “Our goal at Zillow is to help people navigate what can be a stressful and complex process, and with Zillow Offers, give…

Zillow Resumes Home Buying In Four Markets

Nearly two months after shutting down its iBuyer program across the country due to the coronavirus pandemic, Zillow announced Monday it is resuming home purchases in four markets. Zillow’s purchase program – known as Zillow Offers – is restarting in Phoenix; Tucson, Ariz.; Raleigh, N.C.; and Charlotte, N.C. Purchases in the other 20 Zillow Offers markets remain on pause, as they have been since March 23. “We are excited to begin purchasing homes again and making it even easier for home sellers to move — with new cleaning protocols and more virtual tools and services,” Zillow President Jeremy Wacksman said. “These past two months have confirmed our belief that real estate is resilient. In fact, we’ve seen that people – despite these…

Zillow: Home Sales To Plummet While Prices Dip A Bit

Home sales will drop as much as 60 percent this spring, though home prices should not drop more than 3 percent due to the economic downturn caused by the coronavirus, according to a housing forecast released Monday by Zillow. Zillow Chief Economist Svenja Gudell said the recovery is expected to look like a checkmark, with transactions building at a pace of about 10 percent each month through the end of next year. “Much uncertainty still exists, particularly with some states beginning to reopen and experts warning of a possible second wave of the coronavirus in the fall. However, housing fundamentals are strong – much more so than they were leading into the Great Recession – and that bodes well for…

Zillow Extends Work-From-Home Timeline

Zillow told employees they will be allowed to work from home through the end of the year, extending the flexible working arrangement brought on by the coronavirus pandemic. “Today we let our team know they have flexibility to work from home (or anywhere) through the end of 2020,” Zillow CEO and co-founder Rich Barton tweeted. “My personal opinions about WFH have been turned upside down over the past 2 months. I expect this will have a lasting influence on the future of work … and home. Stay safe.” Zillow, launched in 2006 and based in Seattle, employees more than 5,000 people. The web-based company has a database of more than 110 million properties. “Software and the people who create, deploy,…