Bloomberg Television published this video item, entitled “US Existing Home Sales Rebound From 13-Year Low” – below is their description.
Sales of previously owned US homes unexpectedly increased 0.8% in November from a month earlier to a 3.82 million annualized rate, although purchases were down 7.7% from a year ago on an unadjusted basis. Zillow Chief Economist Skylar Olsen discusses the state of the US housing market and the impact of falling mortgage rates.
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Zillow Group is an American real-estate marketplace company founded in 2006 by Rich Barton, Lloyd Frink, Spencer Rascoff, David Beitel, and Kristin Acker. Barton is the current CEO of Zillow, Inc.
Zillow is focused on developing and delivering technology solutions that enable consumers to make informed decisions about homes and real estate.
Zillow offers tools and resources for buyers, sellers, renters, and landlords including Zestimates, Rent Zestimates, Make Me Move®, Mortgages, local real estate listings, and home-related articles and advice. Zillow also operates the Zillow Real Estate Network which includes Zillow Mobile, Postlets®, Diverse Solutions®, Agent Folio®, Mortech®, HotPads™, Naked Apartments®, NerdWallet Mortgage RatesTM, CoStar Realty Information, Inc., XomeTM, StreetEasy®, Bridge Interactive GroupTM RentJuice®.
ZG Technology Ventures invests in and partners with early stage technology companies focused on the home.