Has Zillow Found A New Outlet For Growth?

Has Zillow Found A New Outlet For Growth?
This potential threat came from an organization that would, if successful, discontinue the syndication of all listings sent to sites like Trulia or Zillow; listings which are key for generating attention and mobile traffic to the sites. Both stocks …
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Housing's recovery looks real, but road back is still long
Foreclosures have slowed in most of the country after having decimated hundreds of U.S. cities. Rather than being a drag on the U.S. economy, housing is now seen as a contributor to growth. "With six …. Some of those new households are likely to be …
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Fewer homes for sale in October, study finds
Trulia's data show asking prices up 2.9% for the month year-over-year. That was the … In Stockton and Sacramento — two Central Valley cities hit hard by foreclosures — for-sale inventories were down by more than 60% year-over-year, Realtor.com says.
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The Ten Markets With The Most Empty Houses
Overall, the nation's supply of unoccupied homes — defined as homes where no one receives mail — decreased by 5% this year compared to last, according to Trulia. The San Francisco-based company reports that this year's national vacancy rate is 3.4%.
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Real Estate News 72, Brokers, Trulia and Zillow Mortgages?

www.ReNewsYouCanUse.com Online Brokers cut a deal, Trulia goes video and Zillow thows another idea up against the wall. We hope this idea does not stick!

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In Foreclosure? Zillow Knows About It and Wants to Share

In Foreclosure? Zillow Knows About It and Wants to Share
According to a press release, “Home shoppers on Zillow now are able to search for and find rich information on 1.2 million pre-foreclosure and foreclosed properties, for free.” Companies like Zillow and Trulia (NYSE:TRLA) are providing an essential …
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Will housing 'misery' swing the election?
… decline in house prices and rise in delinquencies and foreclosures in both states since President Barack Obama took office in 2008. “They are key battleground states in the election homestretch,” says Jed Kolko, chief economist at Trulia. A third …
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Housing Market Is 'On the Mend': Zillow Economist

Housing Market Is 'On the Mend': Zillow Economist
The positive momentum for the U.S. housing market continues Tuesday. U.S. home prices rose 1.3% in the third quarter versus the second quarter and jumped 3.2% from the same period in 2011, according to Zillow's latest Real Estate Market Report.
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Giant Taj Mahal Can't Hide Dubai's Weak Real Estate Market
That project, featuring attractions including replicas of the Pyramids, the Great Wall of China, the Eiffel tower and the leaning tower of Pisa, was derailed by the collapse of the real estate market. Salem Al Moosa, chairman of the Falconcity project …
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Canada's Hot Housing Market Chills in September as Prices Drop
Canadian home prices in September fell the most in nearly two years, suggesting that recent changes to the country's mortgage rules have reined in Canada's once-hot housing market. Bloomberg News: Canadian home prices cooled in September, …
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South Florida No. 2 in Nation in Home Values, Zillow Reports

Jupiter, FL (PRWEB) July 27, 2012

The real-estate Web site Zillow’s reported the town of Jupiters median-home-value increased 5.4 percent, and the city of Palm Beach Gardens median-home-value increased 5.1 percent during the second quarter of 2012.

Jupiter and Palm Beach Gardens are the primary territories of Waterfront Properties and Club Communities, and the company has witnessed the market improvements that occurred in the Spring continue through the summer. Its agents and brokers have hundreds of listings on the market and have closed more than 80 deals in June and July.

Zillow also reported a 6.4-percent increase in home values in the South Florida counties of Palm Beach, Broward and Miami-Dade in the second quarter of 2012, and said the positive bump in numbers is expected to continue through 2013.

An economics professor at Florida International University had one word for the good news: dramatic.

The increases in the worth of single-family homes in the region put South Florida in second place, behind Scottsdale, Ariz., out of 150 metropolitan areas included in the Zillow Home Value Index. Scottsdales values leaped 12 percent in the second quarter and are expected to remain high, also, through 2013.

The numbers alarmed analysts at Zillow, who said home values in both South Florida and Scottsdale bottomed out in 2011, making a rapid and robust recovery in 2012.

The median value of a single-family home, which includes condominiums and townhomes, in Palm Beach County was $ 145,000, according to Zillow, a 3-percent rise from the first quarter and the sixth straight month that home values have improved. Breaking the numbers down further, Zillow reported Jupiters median-home value at $ 226,000 and Palm Beach Gardens median-home value at $ 226,300.

The local market is mirroring and has exceeded by two months the national market, which has experienced home-value increases for four consecutive months. Stan Humprhies, Zillows chief economist, said the latest index and positive numbers prove the real-estate market has hit bottom and has nowhere to go but up.

The healthier the real-estate market, the healthier the community, analysts say, and the values of homes for sale in Jupiter and real estate in Palm Beach Gardens are proof.

For information, call Rob Thomson at 561-746-7272.

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