Zillow Group Inc. is a leading online real estate marketplace dedicated to empowering consumers with data and insights to make informed housing decisions. The company's mission is to transform the way people buy, sell, and rent homes by providing comprehensive listings, innovative tools, and a user-friendly platform. Zillow Group employs a strategy focused on leveraging technology and data analytics to enhance the real estate experience, offering services such as Zillow Offers, which allows homeowners to sell their homes directly to Zillow. Through its various platforms, Zillow Group aims to simplify the real estate process and foster transparency in the housing market.

ZILLOW GROUP INC

Zillow's latest insights reveal a challenging yet evolving housing market as we head into 2025. The continuing high mortgage rates, which exceed 7%, have notably affected buyers' purchasing power, resulting in a 3.6% decline in newly pending sales. Despite this, Zillow indicates that buyers are gaining leverage in negotiations, with...

Zillow Reports Decline in Home Sales Amid Rising Mortgage Rates and Increased Inventory, Offering Buyers More Negotiating Power

As we navigate the evolving housing market in 2025, Zillow's latest report highlights a decline in home sales driven by high mortgage rates, yet buyers are gaining negotiation power. With 23% of listings seeing price cuts, can we expect a shift in buyer confidence amidst economic uncertainty?