Zillow Group (Z) has partnered with HomeServices of America to offer its exclusive AI-powered listing experience, Showcase.  This collaboration will aid in expanding Zillow Showcase’s reach, generating higher revenues for the company.Through Zillow’s Showcase, HomeServices of America clients will get more exposure and brand visibility in the marketplace by tapping into Zillow’s high-intent shopping audience, leading to tangible results.To engage shoppers, Zillow Showcase features visually rich listing desig ...

Core Insights - Zillow and HomeServices of America have partnered to enhance the visibility of real estate listings through the AI-powered Zillow Showcase, benefiting agents and driving business growth in a competitive market [1][4] Company Overview - HomeServices of America is a leading provider of homeownership services, including brokerage, mortgage, and insurance, and is part of the Berkshire Hathaway network [7] - Zillow Group, Inc. operates the most visited real estate website in the U.S., offering various digital solutions to facilitate home buying, selling, and renting [5] Product Features - Zillow Showcase provides agents with rich, interactive listings that typically sell for 2% more than standard listings, adding over $9,000 to the average sale price [2] - Listings using Zillow Showcase go pending faster, usually within the first 14 days, and receive significantly more engagement, with 81% more page views and 90% more shares compared to non-Showcase listings [2][3] Competitive Advantage - Agents utilizing Zillow Showcase on over half of their listings are winning 30% more listings than their non-Showcase counterparts, highlighting the tool's effectiveness in a competitive market [3] - The Showcase listings are featured in dedicated emails to interested buyers, enhancing agent exposure and brand visibility [3] Market Position - Zillow Showcase is positioned as a unique market advantage for brokers, aiding in the recruitment and retention of top agents through unparalleled marketing exposure [4]

Core Insights - The housing market is showing signs of improvement for buyers, with over 1 million homes for sale in February, the highest for that month since before the pandemic [1][3] - Mortgage rates are at their lowest this year, and home values are not rising rapidly, contributing to better affordability for buyers [1][3] - The time taken for homes to go under contract has increased, averaging more than three weeks, allowing buyers more time to make decisions [1] Summary by Categories Best Metro Areas for Buyers - **Miami**: Homes take nearly three times longer to sell than the national average, with about 25% of listings receiving price cuts in February [4] - **New Orleans**: There are 11% more homes for sale compared to last year, with homes staying on the market for almost two months [5] - **Jacksonville**: Inventory is up 26% year-over-year, with nearly 30% of sellers reducing their asking prices [6] - **Tampa**: Approximately one-third of listings have taken a price cut, with inventory up 42% from pre-pandemic levels [7][8] - **Memphis**: Monthly mortgage payments are about $1,200, lower than typical rents, and homes stay on the market for nearly a month [11][16] Best Metro Areas for Sellers - **Buffalo**: Homes are selling quickly, often in 12 days or less, with over 50% of listings selling above their list price [12][17] - **San Jose**: Home values have increased by 7.6% year-over-year, with nearly 60% of homes selling for more than their list price [13][18] - **San Francisco**: Listings are up 32.5% year-over-year, with 44% of homes selling above asking price [14][19] - **Hartford**: Homes are selling in just seven days, significantly faster than the national average, with a 71% decrease in listings compared to pre-pandemic levels [15][24] - **Boston**: Approximately 40% of sellers can expect to sell above their list price, with homes selling in just eight days [21][25]

Core Insights - The housing market is experiencing a significant increase in available homes, with over 1 million homes listed, the highest for February in five years [1][3][9] - Lower mortgage rates are expected to stimulate buyer and seller activity in March, following a decline in rates throughout February [2][4] - Home value growth has slowed to 2.1% year-over-year, marking the slowest increase in 18 months and indicating a shift in market dynamics [5][9] Market Dynamics - The total number of homes on the market reached 1.04 million in February, which is 15% higher than the previous year, despite a nearly 5% decrease in new listings [3][9] - Listings are taking an average of 23 days to go pending, which is six days longer than last year, suggesting a slower competitive environment [4][9] - Newly pending listings have decreased by nearly 8% compared to the previous year, although they remain about 10% above pre-pandemic levels [5][9] Buyer and Seller Sentiment - Affordability remains a significant challenge for potential buyers, but lower mortgage rates are providing some relief [4] - The current market conditions do not favor either buyers or sellers in negotiations, reflecting a balanced market similar to that of 2019 [6] - The rental market is also experiencing changes, with multifamily rent growth outpacing that of single-family homes for the first time since June 2024 [7] Regional Insights - The report highlights the least competitive markets for buyers, including Miami and New Orleans, and the most competitive markets for sellers, such as Buffalo and San Jose [8] - Home values in various metropolitan areas show diverse trends, with some areas experiencing significant year-over-year changes in value [10]

Core Insights - Trillions of dollars' worth of U.S. real estate is at significant risk from natural disasters, including fire, flood, and extreme wind, with a total estimated value of $33.4 trillion across these risks [2][10] - Major metro areas, particularly in California and New York, are highlighted as having substantial residential real estate values at risk, with Los Angeles and New York City leading in fire and flood risks respectively [3][6] Summary by Risk Type Fire Risk - Homes with major fire risk are valued at approximately $9.1 trillion nationally, with eleven metro areas having at least $100 billion in residential real estate at major risk [2][6] - The Los Angeles metro area has the highest total value of homes at major risk of fire, estimated at $831 billion [2][6] Flood Risk - Homes with major flood risk are valued at around $7 trillion, with New York City having the highest total value at risk, estimated at $593 billion, followed closely by Miami at $580 billion [3][6] - The median list price for homes with extreme flood risk is 22% higher than for homes with minor flood risk [4] Wind Risk - Homes with major wind risk are valued at approximately $17 trillion, with New York City also leading in this category at around $3 trillion [2][3][6] - Miami and Boston also have significant values at risk, exceeding $1 trillion each [3] Market Trends - Over 80% of home shoppers are considering climate risks when searching for new homes, indicating a shift in buyer behavior [4] - Despite the risks, many high-risk areas remain desirable, often commanding higher home values; homes with extreme fire risk have a median list price 49% higher than those with minor fire risk [4] Data Accessibility - Zillow provides climate risk data on its platform, allowing home shoppers to evaluate risks related to flood, wildfire, wind, heat, and air quality, which aids in informed decision-making [5]

Core Viewpoint - Atossa Therapeutics is strategically pursuing a metastatic breast cancer indication for (Z)-endoxifen, believing it offers a more efficient regulatory pathway to address urgent medical needs in this area [1][4]. Group 1: Unmet Medical Need - Metastatic breast cancer presents a significant unmet medical need, with current treatments often having limited durability and substantial side effects [2]. - (Z)-endoxifen is a selective estrogen receptor modulator (SERM) that has shown promising results in previous clinical trials, indicating its potential to address this treatment gap [2]. Group 2: Clinical Trial Data - Early-stage trials of (Z)-endoxifen have demonstrated encouraging results, reinforcing its potential as a transformative therapy for breast cancer [3]. - Key findings include: - In CDK4/6i-naïve patients, (Z)-endoxifen more than doubled the median progression-free survival (PFS) compared to tamoxifen (7.2 months vs. 2.4 months) [5]. - Patients who progressed on tamoxifen and switched to (Z)-endoxifen experienced clinical benefits, including prolonged stable disease exceeding 2-3 years in some cases [5]. - (Z)-endoxifen has a favorable safety profile, showing no unexpected safety concerns beyond those typically seen with tamoxifen [5]. Group 3: Strategic Advantages - Pursuing an initial approval in metastatic breast cancer is seen as an efficient regulatory and clinical path to market, potentially allowing for quicker access to patients in need [4]. - This strategy also lays the groundwork for expanding (Z)-endoxifen's role in earlier-stage disease settings, where it has shown promise in reducing tumor proliferation and preventing recurrence [4]. Group 4: Broader Indications - Atossa is committed to demonstrating the broad clinical utility of (Z)-endoxifen across the breast cancer treatment spectrum, including prevention and neoadjuvant therapy [5][6]. - Prior studies suggest that (Z)-endoxifen can significantly reduce breast tissue density and estrogen receptor activity, which are key risk factors for developing breast cancer [6]. - Data from early-stage patients indicate that (Z)-endoxifen may effectively reduce tumor proliferation, leading to improved surgical outcomes and long-term prognosis [7]. Group 5: Company Overview - Atossa Therapeutics is a clinical-stage biopharmaceutical company focused on transforming breast cancer treatment through innovative science and patient-centered solutions [8]. - The company's lead product candidate, (Z)-endoxifen, is designed for use across the breast cancer spectrum, including prevention, neoadjuvant, adjuvant, and metastatic settings [8].

Core Insights - Zillow's analysis indicates that the optimal time to sell a home in the U.S. is during the second half of May, where homes sold for 1.6% more, translating to an average increase of $5,600 on a typical home [1][7]. Market Trends - The peak search activity for home buyers typically occurs before Memorial Day, as potential buyers prepare for summer and the upcoming school year [1]. - Mortgage rate fluctuations have disrupted traditional seasonal patterns in the housing market, affecting buyer behavior and home prices [3]. Regional Variations - The best time to list a home varies significantly by metropolitan area, with some regions like San Diego and Austin seeing optimal listing times as early as the second half of March, while Phoenix sees it as late as the second half of November [4][10]. - In San Jose, sellers listing in the second half of March achieved a premium of 5.3%, equating to an additional $93,200 on a typical home, while Orlando saw only a 0.9% increase during its peak [5][10]. Seller Strategies - Sellers are encouraged to maximize exposure by listing their homes on the Multiple Listing Service (MLS), as homes not listed on the MLS sell for a median of 1.5% less, resulting in a potential loss of nearly $5,000 [8]. - Highlighting desirable features, such as outdoor amenities, can lead to higher sale prices, with buyers willing to pay up to 3.1% more for certain backyard luxuries [8][9]. - Listings with comprehensive online media packages, including high-resolution images and virtual tours, can sell for 2% more than similar homes, adding over $9,000 to the sale price [9].

Core Insights - The housing market has undergone significant changes over the past five years, with home values and rents reaching record highs, and the number of homes valued at $1 million more than doubling since the onset of the pandemic [1][6][9] Market Trends - Home values have increased by 45.3% nationally since February 2020, with Miami experiencing the highest growth at 61.1% [3][9] - The demand for homes has been driven by lower mortgage rates, higher savings, and a desire for more space during the pandemic [2] - The typical $1 million home is now approximately 70 square feet smaller than it was at the beginning of the pandemic, indicating a shift in buyer preferences [7] Regional Highlights - Austin, TX, saw the most volatile market, with home values increasing by 40.3% during the pandemic's early phase but later declining by 14% due to rising mortgage rates [4] - In New York City, median asking rents have risen by 24.1% since the pandemic began, with the Bronx experiencing the sharpest increase at 42.3% [5] Construction and Supply - Builders responded to increased demand with over 1 million single-family home starts in 2021, the highest since 2007, which has helped to moderate price growth [8][10] - The shift towards higher-density homes, such as townhomes and condos, has been a strategy to maintain affordability amid rising land and material costs [10] Buyer Preferences - Outdoor features have remained in high demand, with buyers willing to pay at least 2% more for homes with such amenities [11] - Virtual home shopping has become more prevalent, with a significant increase in the use of digital tools, such as 3D tours, enhancing the home-buying experience [13][15]

Group 1 - Zillow is establishing itself as the leading housing discovery tool in the market [1] - Despite a poor stock performance post-earnings, the company is showing strong growth in rentals and mortgages [1] - Zillow is becoming increasingly profitable year over year [1]

Mortgage Rates Overview - The current average rate for a 30-year fixed mortgage is 6.87%, with a daily decrease of 0.06% [1][2] - The Freddie Mac average for 30-year mortgages has seen fluctuations, recently dropping from a peak of 7.79% in October 2023 to the current rate [2][10] - The Investopedia average differs from Freddie Mac's due to its daily calculation method, providing a more immediate reflection of rate changes [3] Rate Changes and Influences - Various loan types show different rates, with the FHA 30-Year Fixed at 7.25% and VA 30-Year Fixed at 6.43% [1] - The Federal Reserve's bond-buying policies significantly influenced mortgage rates, particularly during the pandemic [7][9] - The Fed's tapering of bond purchases and subsequent rate hikes have led to a dramatic increase in mortgage rates over the past two years [10][11] Future Rate Expectations - The Fed has maintained a peak federal funds rate since July 2023, with recent announcements indicating potential rate cuts in the future [11][12] - The Fed's quarterly rate forecast suggests limited rate cuts in the coming year, with expectations for multiple rate-hold announcements [12] Rate Calculation Methodology - The national averages provided assume an 80% loan-to-value ratio and a credit score range of 680-739, which may differ from advertised teaser rates [13]