Would-be buyers out trolling neighborhoods are finding higher prices than they expected. Home prices are up 12 percent from a year ago.» Read More
Jim Cramer hit the road Wednesday to investigate the prospects of 4 firms headquartered in Seattle.
A new study says 10 percent of all renters want to buy a home this year, but face considerable hurdles like tight credit and higher prices.
Rising home prices helped push negative equity below 20 percent nationwide for the first time since the housing crisis.
Some regions, including California and Michigan, saw monthly house payments rise by 50 percent from a year ago.
Trulia CEO Pete Flint defended the online real estate company's decision to ramp up spending on online marketing during a CNBC appearance.
Feb 13- Online real estate listing service provider Trulia Inc reported a lower-than-expected quarterly profit due to a jump in marketing expenses and said it would start a campaign this year to target customers using mobile devices. Trulia's shares fell as much as 15 percent in extended trading.
Feb 13- Online real estate listing service provider Trulia Inc reported a lower-than-expected quarterly profit as expenses almost tripled, sending its shares down more than 14 percent in extended trading. Trulia's website, Trulia.com, and mobile applications provide data on home prices, neighborhoods and rentals.
Some of the names on the move ahead of the open.
*Forecasts first-quarter revenue $62 mln- $63 mln vs est $60.6 mln. Feb 12- Real estate website operator Zillow Inc warned that near-term profit would be hit due to higher advertising costs, sending its shares down 3 percent in after-hours trading.
Feb 12- Real estate website operator Zillow Inc reported better-than-expected quarterly revenue and earnings as a recovering U.S. housing market boosted subscriptions. Zillow, which gets most of its revenue from subscriptions to its website from real estate agents, said the number of paid subscribers rose 64 percent to 48,314 in the fourth quarter.
Cisco and Whole Foods Market are among those moving after the bell Wednesday.
Feb 12- Real estate website Zillow Inc reported a 70 percent rise in quarterly revenue as a recovering U.S. housing market boosted subscriptions. Net income rose to $2.7 million, or 6 cents per share, in the fourth quarter, from $549,000, or 2 cents per share, a year earlier. Zillow said paid subscriptions rose 64 percent to 48,314 in the quarter ended December.
Institutional investors have bought more than 100,000 houses since the crash, and economists are concerned about what happens if they sell.
They say the future depends on what you do today. And Microsoft is clearly getting ready for its future.
NEW YORK, Jan 31- When the housing bubble burst, a damage-control mentality replaced decades of conventional real estate wisdom. "There's a new, new emerging wisdom," says Erin Lantz, director of the Zillow Mortgage Marketplace for the Zillow.com real estate site.
High student loan debt, poor wage growth and less-than-pristine credit are leaving first-time buyers out of the housing recovery.
This year will likely mark a huge shift for revenue at companies like Facebook and Twitter, says Buzzfeed's Jon Steinberg. The question is: How will investors respond?
Who would have thought that five of Zillow's top 10 healthiest housing markets would be in this state?
It may be time to lock in rates, as the average 30-year-fixed mortgage jumped to 4.5 percent Monday.
Spencer Rascoff, Zillow CEO, offers his insights to companies that want to go public or have recently debuted on one of the exchanges.