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Stock impact report

Competition for homes easing fastest in Florida, Texas [Yahoo! Finance]

Zillow Group, Inc. - Class A (ZG) 
Last zillow group, inc. - class a earnings: 2/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.zillowgroup.com
Company Research Source: Yahoo! Finance
Sold homes are typically on the market for 23 days before selling, a week faster than last year. October's mortgage-rate rebound raised monthly mortgage costs by 2.8% over September. SEATTLE Nov. 20, 2024 /PRNewswire/ -- Home buyers are gaining leverage in negotiations across the nation as competition eased in October, the latest market report from Zillow® shows. Zillow's market heat index indicates competition nationwide is creeping closer to becoming a buyers market as activity winds down for the winter. "We're seeing competition among buyers fade, with mortgage rates climbing back toward 7% as we move closer to the usual winter slowdown," said Skylar Olsen , Zillow chief economist. "Inventory is still slowly building back up and price cuts are still relatively common — persistent buyers may be able to find a deal or negotiate for worthwhile concessions." Unlike mortgage rates and holiday-style seasonality, which show up nationwide, seasonal inventory trends are local. The Show less Read more
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