Zillow Group Inc

NASDAQ:ZUnited States

Nov 20, 2024

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• DJ Competition For Homes Easing Fastest In U.S. South -- Market Talk, from 11:42AM ET on Wednesday Nov 20, 2024 by Dow Jones

  11:42AM ET on Wednesday Nov 20, 2024 by Dow Jones
  Companies Mentioned: ZG, Z
  
  1128 ET - Homebuyers are gaining leverage in negotiations across the nation as competition eased in October, Zillow says. This indicates competition nationwide is creeping closer to becoming a buyers market as activity winds down for the winter and mortgage rates climb back toward 7%, Zillow says. "Unlike mortgage rates and holiday-style seasonality, which show up nationwide, seasonal inventory trends are local. The moving decisions of buyers and sellers may not be as hampered by winter weather in Southern states, for example," Zillow says. Even more of a differentiator is the inventory recovery from record lows during the pandemic in the South and other areas that has helped push the scales of competition in favor of buyers, most prominently in Texas, Florida and in the New Orleans metro, according to Zillow. (chris.wack@wsj.com)
  

• Competition for homes easing fastest in Florida, Texas, from 8:01AM ET on Wednesday Nov 20, 2024 by PR Newswire

  8:01AM ET on Wednesday Nov 20, 2024 by PR Newswire
  Companies Mentioned: ZG, Z

  New construction and recovering inventory are helping shift markets in favor of buyers down south

  -- More markets are tilting in favor of buyers - including a few outside the South.

  -- Sold homes are typically on the market for 23 days before selling, a week faster than last year.

• Competition for homes easing fastest in Florida, Texas, from 8:00AM ET on Wednesday Nov 20, 2024 by Dow Jones

  8:00AM ET on Wednesday Nov 20, 2024 by Dow Jones
  Companies Mentioned: ZG, Z
  San Jose, CA $1,595,389 7.1 % seller -24.8 % -17.0 % -10 -------------- ---------- ------- -------- --------- ---------- ---------- Nashville, TN $438,346 1.1 % Buyer -11.0 % -17.3 % -4 -------------- ---------- ------- -------- --------- ---------- ---------- Virginia Beach, VA $350,756 4.3 % Seller -44.1 % -11.9 % -25 -------------- ---------- ------- -------- --------- ---------- ---------- Providence, RI $488,346 6.8 % Seller -58.1 % -30.2 % -19 -------------- ---------- ------- -------- --------- ---------- ---------- Jacksonville, FL $354,943 -0.4 % Buyer 7.5 % -13.3 % 20 -------------- ---------- ------- -------- --------- ---------- ---------- Milwaukee, WI $344,445 4.9 % Neutral -23.9 % 6.3 % -21 -------------- ---------- ------- -------- --------- ---------- ---------- Oklahoma City, OK $233,754 2.0 % Neutral -6.0 % 3.0 % -8 -------------- ---------- ------- -------- --------- ---------- ---------- Raleigh, NC $440,100 1.0 % Neutral -11.7 % -15.9 % 10 -------------- ---------- ------- -------- --------- ---------- ---------- Memphis, TN $237,679 0.5 % Buyer 0.4 % -8.0 % 10 -------------- ---------- ------- -------- --------- ---------- ---------- Richmond, VA $368,330 4.2 % Seller -40.0 % -13.1 % -11 -------------- ---------- ------- -------- --------- ---------- ---------- Louisville, KY $259,892 3.4 % Buyer -32.0 % -17.6 % -9 -------------- ---------- ------- -------- --------- ---------- ---------- New Orleans, LA $240,909 -3.2 % Buyer 51.6 % 34.2 % 19 -------------- ---------- ------- -------- --------- ---------- ---------- Salt Lake City, UT $545,457 1.4 % Neutral -14.1 % -25.0 % 4 -------------- ---------- ------- -------- --------- ---------- ---------- Strong Hartford, CT $362,743 7.0 % seller -64.6 % -20.6 % -26 -------------- ---------- ------- -------- --------- ---------- ---------- Strong Buffalo, NY $263,076 5.5 % seller -40.8 % -12.0 % -12 -------------- ---------- ------- -------- --------- ---------- ---------- Birmingham, AL $249,786 -0.1 % Neutral -19.9 % -5.5 % -3 -------------- ---------- ------- -------- --------- ---------- ---------- *Table ordered by market size **According to Zillow's market heat index