News Updates

Zillow Group Promotes Jun Choo to chief operating officer

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Zillow Group, Inc. (Nasdaq: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, announced that tenured Zillow executive Jun Choo has been promoted to chief operating officer (COO). In this role, Choo will now oversee Zillow’s for sale business strategy and operations including Enhanced Markets and Mortgages in addition to the company’s real estate industry product lines, sales and operations. Choo joined Zillow Group in 2015 through

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Home Sales Were Unseasonably Strong While Inventory Climbed October home sales bucked seasonal trends and posted a 6.7% increase over September and were 8.4% higher year-over-year. Year to date, 2024 home sales have exceeded 2023 levels in six of 10 months. Though new listings were down 0.7% from September, they were 14.8% higher than October 2023. October’s active inventory grew just 0.6% from September – the lowest month-to-month increase since February

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New commitment bolsters the Foundation’s progress toward $750 million investment by 2030 In honor of Veterans Day and the annual Operation Surprise initiative, The Home Depot Foundation is investing $10 million to help veterans age in their current residences and avoid homelessness. This significant funding will address the urgent need for accessible and stable housing for aging veterans, a population that is expected to surge in the coming decades. According to recent projections from

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Foreclosure Starts Increase 6 Percent from Last Month; Completed Foreclosures Increase 12 Percent from Last Month ATTOM, a leading curator of land, property data, and real estate analytics, released its October 2024 U.S. Foreclosure Market Report, which shows there were a total of 30,784 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 4 percent from a month ago but down 11 percent from a year ago. “Foreclosure activity remains

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Leading Real Estate Consulting and Managed Services Firm Welcomes Global Industry Veteran RealFoundations, the world’s foremost provider of consulting and managed services for the real estate industry, announced the appointment of Andy Rothery to the firm’s leadership team as an Enterprise Managing Consultant. Rothery brings over 30 years of real estate experience, along with extensive global operational expertise and industry relationships. With over three decades of experience in the real

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HPSI Up Significantly from All-Time Low Recorded Two Years Ago The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased 0.7 points in October to 74.6, pushing the measure of consumer confidence to its highest level since February 2022 and significantly higher than the all-time low recorded two years ago. In October, the share of consumers who think it’s a good time to buy a home increased to 20%, while the share who think it’s