US home sales increased 7% year-over-year in July, marking the strongest annual gain this year, largely reflecting deals made in June when mortgage rates were lower. However, newly pending sales, a key indicator of future closings, grew only 0.3% year-over-year and fell 7.7% from June, signaling a slowdown ahead due to rising mortgage rates hitting their highest level in a year. Inventory rose slightly by 1.5% year-over-year, supported by a 3.1% increase in new listings. Experts warn that the affordability advantage may vanish if mortgage rates continue to rise, potentially leading to flat or declining home sales for the rest of the year.
Zillow Group announced it will participate in the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 10, 2026. Jeremy Hofmann, the company's COO and CFO, will lead a fireside chat session during the event. This presentat...
Zillow and Redfin have settled a legal dispute with the FTC and five states over a 2025 partnership that limited competition in the rental-listing market. The FTC argued that Zillow paid Redfin $100 million to stop competing in rental advertising, wh...
