Study underscores that factors not related to income are keeping the Black-white homeownership gap wide Racial mortgage affordability gap shrunk by more than a third since 2012 Among all races, renting families able to afford a mortgage dropped by nearly half from 2021 to 2022 White households own homes at a 73% rate, while Black households own at 44%, with over half of the top 50 metros showing a gap of 30 points or more SEATTLE, Feb. 23, 2024 /PRNewswire/ -- The gap between the share of Black and white re ...

About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...

Shares of housing tech company Zillow Group (Z 7.76%) (ZG 7.63%) jumped as much as 13.5% in early trading on Wednesday after the company reported fourth-quarter 2023 financial results. Shares closed trading up 7.8% for the day.Zillow's steady progressThe headline numbers weren't all that impressive for Zillow. Revenue was up 9% to $474 million, beating the $451 million analysts expected, and net loss was $73 million. On an adjusted basis, which pulls out one-time expenses and stock-based compensation, earni ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-K _____________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36853 | --- | --- | |------------------------------------------------ ...

About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...

Expensive, coastal and Western markets are already heating up as spring season approaches Well-priced homes are selling in 29 days, and that will shorten quickly as the shopping season opens. Mispriced inventory is lingering, however; an elevated 1 in 5 sellers are cutting prices to find buyers. New listings and total inventory are up slightly over last year, an encouraging sign for buyers. SEATTLE, Feb. 14, 2024 /PRNewswire/ -- Both buyers and sellers should prepare for a competitive home shopping season t ...

Zillow is expanding its “housing super app” to more markets after seeing how well it has been received.The company is also continuing to add functionality to the app for both the real estate sales and rentals markets, Zillow said in a presentation released Tuesday (Feb. 13) in conjunction with its quarterly earnings call.The app is designed to simplify a difficult transaction, Rich Barton, co-founder and CEO of Zillow, said during the call.“Everyone who has moved knows that the process is complicated, time ...

Zillow Group, Inc. (NASDAQ:Z) Q4 2023 Earnings Conference Call February 13, 2024 5:00 PM ET Company Participants Bradley Berning - VP of IR Rich Barton - Co-Founder and CEO Jeremy Wacksman - COO Jeremy Hofmann - CFO Conference Call Participants John Campbell - Stephens Inc. Bradley Erickson - RBC Mark Mahaney - Evercore Ryan McKeveny - Zelman & Associates Thomas Champion - Piper Sandler Ronald Josey - Citigroup Operator Good afternoon. My name is Siarah and I'll be your conference operator for today. At thi ...

As the cost of independence rises, Zillow offers a fresh solution for those flying solo The "singles tax" increased this year, now standing at $7,110. Cohabitating renters collectively save $14,220 annually on average by living together, but that can be as much as $40,200 in New York City. Zillow users can now list and search for individual rooms for rent, reducing housing expenses by finding a roommate to share costs. SEATTLE, Feb. 12, 2024 /PRNewswire/ -- Zillow's latest findings reveal a steep "singles t ...

Core Insights - Gen Z prioritizes job opportunities and climate over affordability when relocating, with California being a top destination despite high outbound migration [1][2] - Texas experienced the highest net gain of Gen Z movers, totaling over 76,000, followed by California and Florida [2][3] Migration Trends - In 2022, California saw nearly 215,000 movers leave, yet gained approximately 44,000 Gen Z adults [1] - Other states with significant Gen Z migration include Washington, Colorado, and Virginia, which are generally more expensive [1][2] - Michigan, Maryland, and Idaho had the lowest net migration of Gen Z, with Michigan seeing more departures than arrivals [3] Rental Market Insights - 77% of Gen Z adults moving to pricier states are renting, with California having the highest median rent at $1,856 per month [2] - Median rental prices in other states include Washington at $1,592, Colorado at $1,594, and Virginia at $1,440, all above the national median of $1,300 [2] Demographic Characteristics - Gen Z movers to states like California, Washington, Colorado, and Virginia are more likely to hold a four-year college degree, serve in the military, and work in tech [2]