Zillow CEO on Housing Market, Rentals and Fed Rate Cuts

Don't have a job = can't afford housing.
Have a job = can't afford housing.
So why have a job?

Home prices are ridiculously high and most are junk that need costly upgrades to get homeowners insurance that continues to increase. I can reduce the price on my home if the rest of the market does!

Renting is not as great as you think. It’s not cheaper do the research and math. Renters do pay for repairs, upgrades, property tax and homeowners insurance within the rental fees. Plus you don’t have the freedom to do with your home what you want you are told what you can’t do.

Thanks to the government and Fed for making it unaffordable for anyone to ever buy a home again

I remember looking at a home in 2016 for $160k here in Ohio... It's now $620k with little to no changes. Yeah.

Excited about what Zillow. You guys lie!

Saying something without saying something

It is surprising the CEO of Zillow does not see what is going on around us right now. The Amount of Home Listings Has Spiked and we are seeing 20%-30% reductions in prices. People are NOT RUSHING into any new home contracts. As a mater of fact the Home Buyer index is around 130 which is the lowest point since the 2008 Housing Crash. He should do his homework and stop promoting so hard.

Zillow CEO: “Let me talk to my shareholders.”
Bloomberg: “Ok”

No it’s Not Only About increasing inventory. It’s about bringing prices back to the normal range.

Zillow rep is Completely out of touch with average home buyer. They don’t care about the issue of affordability and their role in perpetuating this ridiculous market.

Didn’t they take a massive L a year ago. They must still be hurtin from that

There is no short supply of homes, I see several homes for rent and for sale and some are reasonable. Get out there people, and try to find you a home. I'm glad the law stopped some of this madness when buyers and sellers allegedly were taken advantage of! Think strongly about renting because the rent can go up, suck you in, and you might as well wait and buy a home. Let the rentals stay where they are! I'm sitting on a low mortgage rate and will continue to stay on it. Why should I make it easy and give up the home that I qualified for in order to get in more debt elsewhere? I don't think so.

Zillow needs to stop putting false information on people one-family homes, saying rental for rent. How do you manage to do something like that! Go and correct those errors!

affordability in the real estate market will never ease for middle america unless they build a whollllee lotts new homes

Just curious…. Unless you are desperate to buy now, is there anyone willing to buy a house if prices don’t come back down to 2019 levels? I just keep vacillating between waiting vs putting a big sunroom on my current house. What are others doing?

I would never buy Zillow stock until they went back to a for sale by ownerCompany

I wish Zillow went back to how it was in the past… More of a for sale by owner website. I hope someone creates a very good for sale by owner website again… I don’t think Zillow will give that up. You would be fulfilling a real need if you had the ability to create one. Even on marketplace, real estate agents use it for marketing.

I drive around looking for signs in the yard now.

I wish Zillow went back to how it was in the past… More of a for sale by owner website. I hope someone creates a very good for sale by owner website again… I don’t think Zillow will give that up. You would be fulfilling a real need if you had the ability to create one. Even on marketplace, real estate agents use it for marketing.

I drive around looking for signs in the yard now.

Home owners have lost their minds with their pricing. I have been interested in purchasing a home but the prices seem too high I would rather rent until prices go down.

The showy nonsense just assisting in the ruins of a housing market. Families with no where to live and blokes like this with his private jets

Used car salesman

Their home evaluations are terrible

😂😂😂 what just he said business going well. 😂😂😂
BS

Goal is to get the data.

Where are affordable housing in the country? 🤦‍♂️

Is he the CEO or COO? I’m confused

Gosh, empty words. Did you get anything out of it? “We empower sellers and buyers?” What exactly is it? How is that any different from others?

Zillow is a major reason for unreasonable home and rent prices. I hope zillow and redfin lose their ass when the bottom falls out. They'll only have themselves to blame.

Be wary of property homes under HOA.

why as a buyer would you trust an agent who's pay is based off the price of the sale? Sounds like the person who is "educating" you is also incentivized to sell you the most expensive home possible. Also no incentive to negotiate down on price because that cuts into their commission. Am i missing something here?

NONE of this benefits buyers. It benefits asset owners only.
No one wants Zillow when they collude with RealPage and others to fix prices.

Ran into an interesting Twitter feed today, rather than just sit around guessing and obsessing about Federal Reserve rates cuts all day, a scroll down their feed showed me the number of store closures for Rite Aid and Red Lobster, and told me Pitney Bowes was laying off 1,000. They didn't try to tell me Orange Man was bad.

Zillow wants to con buyers and sellers. Just put your own ' for sale sign' up outside your property- and get another simm for speaking to potential buys. Cost $100 dollars and the price of a deep clean.

Rates get cut, wall street buys up the houses they couldnt before the hike, from people that lost their jobs, which allowed the rate cut. The folk are cooked.

We don’t have an inventory deficit. We have a freedom deficit. Way too much of government policy coddles homeowners. Gives them special treatment that, if they didn’t have, would force them to put their homes on the market.

Two months ago Zillow purchased a 4 plex in Chandler AZ for $1.2 m. Way overpriced.
I remember when they were dumping their REO.