HotPads | Jotup

Zillow expands rental marketplace with room listings, offering more affordable and flexible options

Retrieved on:

Thursday, February 8, 2024

Steps, Woman, Generation Z, Collection, Housing, Filter, Smoking, Face, Pet, HotPads, Pressure, Lease

SEATTLE, Feb. 8, 2024 /PRNewswire/ -- Zillow® today announced a significant addition to its rental offerings: the option to search for and list individual rooms for rent. This new listing type is particularly timely, as U.S. rents have surged nearly 30% since the pandemic, and a startling 50% of renters are now cost-burdened, spending 30% or more of their income on rent and utilities. Splitting costs with a roommate can help alleviate this financial burden.

Key Points:

Renters using Zillow can now include "room" listings in their searches alongside traditional "entire place" options.
These listings, easily identifiable in Zillow search results, cater to those seeking shared living spaces in an increasingly expensive market.
"By introducing room listings, we're crafting a robust marketplace of options that truly reflects the varied needs of renters.
Steps for renters and property owners:
Create a listing: Both renters and property owners can list a room for rent using Zillow Rental Manager .

RentRedi Acquires eRentPayment and PaymentReport

Retrieved on:

Tuesday, August 8, 2023

REI, Insurance, Maintenance, Partnership, Policy, Acquisition, Realtor.com, Growth, Zillow, Renters' insurance, HotPads, TransUnion, Property technology, Lease, Renting, Property management, Experian, Trulia

NEW YORK, Aug. 8, 2023 /PRNewswire/ -- PropTech leader RentRedi has acquired eRentPayment and PaymentReport, further enhancing its award-winning rental management software that simplifies the renting process for both landlords and renters. The acquisition results in an expansion of the RentRedi team, along with providing substantial growth to the company's subscribers base. In addition, the deal provides eRentPayment customers with access to RentRedi's more robust feature set.

Key Points:

"This acquisition will enhance our technology and significantly grow our customer base, positioning RentRedi as an even bigger player in the PropTech space," said RentRedi Co-founder and CEO Ryan Barone.
Under the terms of the agreement, eRentPayment and PaymentReport will become part of RentRedi, with the founder of the two acquired companies, Rick Sands, serving as RentRedi's Head of Payments.
eRentPayment and PaymentReport customers now have access to a number of new features that the RentRedi rental software provides, including:
Full accounting services — RentRedi partners with REI Hub to provide automated accounting designed specifically for real estate investors and rental property owners, such as importing all RentRedi properties and charges, adding financial accounts, tracking expenses, and pulling reports.
Prior to the acquisition, RentRedi offered payments reporting to TransUnion, and eRentPayments offered payments reporting to Experian through PaymentReport.

More than 1 million people have used Zillow's down payment assistance tool over the last year

Retrieved on:

Thursday, December 15, 2022

American Dream, Housing, Bias, Partnership, DPR, Employment, HotPads, NMLS, Equal housing lender, Multimedia, Social impact, Tax, ZG, Organization, Online shopping, Real estate, Property management, Trulia, Zillow

Launched in December 2021 , down payment assistance information is available on home listings nationwide on the Zillow app and website thanks to a partnership with Down Payment Resource .

Key Points:

Launched in December 2021 , down payment assistance information is available on home listings nationwide on the Zillow app and website thanks to a partnership with Down Payment Resource .
More than one million home shoppers searched for down payment assistance while on Zillow's platforms in the past year.
One million people and counting used the down payment assistance tool in just one year, which tells us affordability is a very real challenge keeping millions of people from owning a home."
Down Payment Resource (DPR) is a technology provider helping the housing industry connect homebuyers with the homebuyer assistance they need.

Zillow Group acquires VRX Media to create national photographer network, elevate listing media through ShowingTime+ brand

Retrieved on:

Thursday, December 8, 2022

Acquisition, Verizon Digital Media Services, VRX, Activated sludge, Sale, Annual report, 3D, NMLS, Equal housing lender, 3D@Home Consortium, Risk, ZG, HotPads, Online shopping, Sales, Real estate, Trulia, Zillow

SEATTLE, Dec. 8, 2022 /PRNewswire/ -- Zillow Group (NASDAQ: Z and ZG) today announced it has closed on the acquisition of VRX Media. This real estate media marketing and services leader is known for its aerial drone photography, virtual staging, 3D tours, high-definition photography and fast-media delivery to clients, which is made possible through the company's national professional photographer network. Zillow Group will continue to offer VRX Media's services through the ShowingTime+ software suite.

Key Points:

Zillow Group will continue to offer VRX Media's services through the ShowingTime+ software suite.
"With VRX Media, ShowingTime+ will give agents elevated listing products unlike anything available today and will transform the way they prepare and market their for-sale listings."
VRX's media services and capabilities will enable ShowingTime+ to provide two new products, Listing Media Services and Listing Showcase, which will be released in 2023.
Listing Media Services and Listing Showcase are premium marketing products for listing agents that bring together photography services with high-quality listing media to create beautiful, interactive listings.

Zillow's hot housing takes for 2023

Retrieved on:

Thursday, December 1, 2022

Growth, Housing, Multimedia, National Association of Affordable Housing Lenders, Insurance, Life, Friends, NMLS, Equal housing lender, Optimism, HotPads, Tax, ZG, Real estate, Zillow, Trulia

SEATTLE, Dec. 1, 2022 /PRNewswire/ -- Midwestern markets will heat up, and more friends and family members will pool their money to buy homes together in 2023, as people look for new ways to overcome the housing affordability crisis. However, that crisis will stabilize — if not improve — from its pandemic-era apex, Zillow® economists predict. New construction will be focused on rental units, and we should see a jump in homeowners becoming first-time landlords. Those are among a slew of new predictions the Zillow Economic Research team has made heading into 2023.

Key Points:

Those are among a slew of new predictions the Zillow Economic Research team has made heading into 2023.
"Affordability is going to be the biggest factor in housing for 2023, but there's room for optimism on that front if mortgage rates recede."
With housing costs rising far beyond previous affordability norms, those chasing homeownership are turning to unconventional means of making it pencil out financially, and this should increase in 2023.
Affordability will continue to be the driving force in the housing market in 2023, but there is a decent chance it will improve.

Prospective home buyers spend about as much time researching new TVs as they do mortgage lenders

Retrieved on:

Friday, November 18, 2022

Zillow, Documentation, Housing, HotPads, Research, Multimedia, NMLS, Equal housing lender, ZG, Real estate, Credit, Trulia

SEATTLE, Nov. 18, 2022 /PRNewswire/ -- A new survey by Zillow Home Loans finds prospective home buyers spend about as much time researching their next TV purchase and more time researching their next vacation or car purchase than they do their mortgage lender. Additionally, 72% of prospective buyers have not shopped around, nor have any plans to shop around, for a mortgage that best suits their financial situation.

Key Points:

Seventy two percent of prospective home buyers have not shopped around for, nor have any plans to shop around for, their mortgage.
According to the survey, 28% of prospective buyers spent at least a month researching vehicles for their next car purchase, but only 13% said they spent that much time researching mortgage lenders before applying.
Twenty three percent of prospective buyers spent at least a month researching their vacation options before booking, and 12% spent at least a month researching a new TV before purchasing.
The survey shows nearly half (46%) of prospective buyers who submitted applications for mortgage pre-approval only submitted one application.

Zillow-powered technology has helped Housing Connector find homes for 3,700 people experiencing homelessness

Retrieved on:

Monday, November 14, 2022

Housing Connector launched in Seattle through a collaboration among civic leaders, service providers and Zillow in the fall of 2019.

Key Points:

Housing Connector launched in Seattle through a collaboration among civic leaders, service providers and Zillow in the fall of 2019.
Through Housing Connector, 3,754 people 66% of which are in households of color have found long-term housing in the Seattle and Denver metro areas.
Housing Connector is a nonprofit organization that helps private property owners and landlords easily and successfully rent to people experiencing homelessness.
Housing Connector takes a business-to-business approach based on the belief that leveraging existing housing in the private market can meaningfully reduce homelessness.

Home buyers' and sellers' biggest misconceptions in a shifting market

Retrieved on:

Monday, November 7, 2022

NMLS, LLC, Sale, Equal housing lender, HotPads, ZG, Housing, NASDAQ, Pressure, Real estate, Auction, Trulia, Zillow

SEATTLE, Nov. 7, 2022 /PRNewswire/ -- The housing market is rapidly rebalancing, but buyers and sellers are struggling to keep up with the changes. A new Zillow survey of real estate agents finds the most common misconception among would-be buyers is that home prices will crash, while sellers are holding on to outdated expectations of bidding wars and quick sales.

Key Points:

Agents overwhelmingly say sellers continue to expect bidding wars, offers above asking price and quick sales, despite the cooling market.
The survey finds first-time home buyers should line up financing first and separate their wants from their needs before home shopping.
SEATTLE, Nov. 7, 2022 /PRNewswire/ -- The housing market is rapidly rebalancing, but buyers and sellers are struggling to keep up with the changes.
"If prices or mortgage rates take a meaningful dip, all those sidelined buyers will likely come rushing back to the market, driving up competition and prices.

Zillow Group to Present at RBC Capital Markets Technology, Internet, Media and Telecommunications Conference

Retrieved on:

Thursday, November 3, 2022

NMLS, LLC, Multimedia, Equal housing lender, HotPads, Internet, ZG, NASDAQ, Real estate, Telecommunication, Trulia, Zillow

SEATTLE, Nov. 3, 2022 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced Zillow Group Chief Operating Officer Jeremy Wacksman will participate in a fireside chat at 10 a.m.

Key Points:

SEATTLE, Nov. 3, 2022 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced Zillow Group Chief Operating Officer Jeremy Wacksman will participate in a fireside chat at 10 a.m.
ET on Tuesday, Nov. 15, 2022, as part of the RBC Capital Markets Technology, Internet, Media and Telecommunications conference.
Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life's next chapter.
Zillow Group's affiliates and subsidiaries include Zillow; Zillow Premier Agent; Zillow Home Loans; Zillow Closing Services; Trulia; Out East; StreetEasy; HotPads; and ShowingTime+, which houses ShowingTime, Bridge Interactive, dotloop and interactive floor plans.

Recent renters reveal five winning strategies to land a place in today's hot market

Retrieved on:

Thursday, October 27, 2022

SEATTLE, Oct. 27, 2022 /PRNewswire/ -- Typical monthly rents are the highest they've ever been ($2,084 as of September), yet the rising cost of buying a home is keeping more and more people in the rental market. Safe to say, it's a stressful time to be a renter. In a recent Zillow survey,i more than one-third of recent renters (defined as Americans who moved into a rental unit in the past 2 years) reported that getting their current rental was more difficult than getting a new job.

Key Points:

On top of determining how to afford a new place, renters face fierce competition from those who want or need to continue renting.
Zillow asked recent successful renters for strategies they used to land their home.
In Zillow's survey of recent renters, 30% said paying at least two months' rent in advance helped them win their most recent rental.
Despite the cooling temperatures, aspiring renters are entering an extremely hot rentals market this fall, but one or more of these proven strategies can help them land their next rental.