Luxe Austin Homes - zillow

"How Austin fits into Zillow's predicted housing market growth in 2025"

CultureMap Austin writes, "It looks like a few more people are about to turn their online home shopping daydreams into reality in 2025. Zillow, the famous real estate listings website, says in a press release that next year will likely bring "a gradual but bumpy decline in rates, impacting sales and price growth."

It attributes the forecast to "erratic and dramatic mortgage rate movements" throughout 2024, which will continue to affect the market. The website's housing market predictions report estimates that 2025 will see about 100,000 more sales than 2024, that home value growth will be "low and slow" at 2.2 percent, and that inventory and new listings will continue recovering from pandemic weakness.

On a local scale, Zillow's latest data…

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"Austin shines as top 10 housing market for new grads"

CultureMap Austin writes, "College grads living in Austin already have a lot on their minds this summer with job searching and career building, but at least they won't have to worry as much about where to put down roots: Austin is the No. 10 best U.S. market for new graduates in 2024, according to a new report by Zillow.

Zillow compared the rent affordability, job market, and demographics across the 100 largest U.S. metros to determine the best housing markets for recent graduates.

Although Austin is an obvious choice to live during college, it may surprise some that the economics checked out for sticking around after graduation. San Antonio did even better at No. 4. The Alamo City's real estate market has dramatically improved as a prospect for…

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"Zillow’s 2024 housing market predictions for Austin, nation"

KXAN Austin shares, "real estate marketplace Zillow has predictions for what will happen to the Austin and national housing markets in 2024, including cost decreases, supply increases and the arrival of generative computer programs (often called artificial intelligence or AI) to the buying process.

Zillow on Austin’s market from 2021-2023

In 2021, Zillow declared Austin the nation’s hottest housing market. It cooled slightly on Austin in 2022, but still ranked the city as the 10th hottest. In 2023, the company declared Austin’s housing market “ice cold.”

But in a Thursday interview, Zillow Senior Economist Orphe Divounguy said that 2023 has been “a great year” for Austin and the U.S.

“We started the year with high inflation that of course…

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"If you're considering a move to Austin, keep these real estate metrics in mind"

KVUE Austin reports, "as South by Southwest (SXSW) continues in Downtown Austin, we're starting to see more people searching for Zillow listings in the capital of the Lone Star State.

Every morning, the KVUE News team takes a look at the trending Google searches in Austin. Over the past few days – since the start of SXSW on March 10 – searches for "zillow austin" have begun appearing more and more often. On Tuesday, Day 5 of the festival, "zillow austin" was the No. 2 search at around 9 a.m.

With this trend, we thought we would highlight the cost of real estate in the Austin area compared to the median salary.

A new study from Zillow found that Texas had one of "the most valuable housing markets" in the country in 2022. The…

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"Zillow says Austin’s housing market is now ‘ice cold,’ Austin Board of Realtors says no way"

KXAN Austin writes, "just days after the Austin Board of Realtors said the local housing market is starting to “rebalance,” Zillow has released a much harsher outlook: the Austin market is now “ice cold.”

The characterization comes as Zillow released its market report for December 2022.

The report shows homes in the Austin area are spending a median of 68 days on the market, more than in any other major metro nationwide. Back in December 2021, Zillow reported homes in the area were on the market for a median of 22 days.

Another metric in the report shows homes aren’t selling for as much as they used to. In November, just 11% of listings sold for higher than the asking price, down from 47% a year before.

That may be leading some homeowners…

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Zillow, facing big losses, quits flipping houses and will lay off a quarter of its staff.

Zillow, the real estate website known for estimating house values, said on Tuesday that it would exit the business of rapidly buying and selling houses amid heavy losses and that it planned to let go about nearly 25 percent of its employees.

The announcement was a major strategic retreat and a black eye for Richard Barton, Zillow’s chief executive, who founded the company 16 years ago and has long talked about transitioning Zillow’s popular website into a marketplace. Last year, Mr. Barton predicted Zillow Offers, which made instant offers on homes in a practice known as iBuying, could generate $20 billion a year.

On Tuesday, Zillow, which said it has 8,000 employees, said the division had been the source of huge losses and had made the…

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