Zillow

The cuts account for 5% of its workforce of 5,791 full-time employees as of the end of June.

Consumers taking out adjustable-rate mortgages last year put down a median down payment of 23.6%, researchers at the real estate brokerage found.

In a reversal of 2021 trends, inventory is increasing and price reductions are occurring across cost levels, though less often among the least expensive homes, according to reports from Zillow and Redfin.

The tech company's earnings are reflecting a cooling market.

A majority of housing experts also believe first-time homeownership should hit 2019 levels again within four years; however, a substantial number don’t expect it this decade.

The tech industry’s attempts to simplify the process of selling a house depend on flipping properties to some of the biggest names in global finance.

Zillow Group Inc. jumped in late trading Thursday after the company said it plans to repurchase shares as it makes progress winding down its ill-fated home-flipping business.

The decision raised major questions about what’s next for a company that was pushing deeper into the U.S. housing market as part of its bid to transform itself from an online listings giant into a buyer and seller of thousands of homes a month.

The business hit a major snag in recent months as the company’s algorithms caused it to overpay for houses just as the heated U.S. market began to cool slightly, forcing it to list properties at a loss.

Home sales to the top four iBuying companies more than doubled in Southern California this past spring, jumping 123% from the quarter before to an all-time high of 789 homes, a Zillow analysis shows.