R
eal-time 'BuyAbility' information on Zillow will help homebuyers discover properties within their budget, along with an estimate of their monthly payment and loan qualification chances. This tool uses real-time mortgage rates from Zillow Home Loans and user-provided financial data to provide a more accurate picture than traditional mortgage calculators.
When searching for homes on the Zillow app (excluding New York), listings that match a buyer's 'BuyAbility' will be clearly marked, allowing them to quickly identify suitable properties. According to Orphe Divounguy, senior economist at Zillow Home Loans, "Mortgage rates may ease slightly in the new year," giving buyers an advantage when finding their ideal home.
In other tech news, Reloq has launched a product that combines data management and branded consumer portals for MLSs and Realtor associations. This offering is powered by Rexdat, a data-sharing platform, and aims to create a transparent ecosystem in real estate. Meanwhile, The Real Brokerage ranked 38th on the Deloitte Technology Fast 500, recognizing its technology-first approach and proprietary tech stack as key factors in its exponential growth.
realestate
Zillow Introduces Homebuyer Resource Tool
New real-time 'BuyAbility' tool shows homes within budget and calculates loan chances.
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realestate
Brown & Riding Names New Real Estate Practice Head
Veteran leader with industry expertise and regional insight
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realestate
LA's affluent neighborhoods face gentrification threat from investors
Fires may exacerbate LA's affordability crisis, pricing out low-income residents and making the area exclusive to the wealthy.
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realestate
California Hotel Development Hits Roadblock Across Bay Area and State
Hotel development in Bay Area, California stalls with 75% drop in new openings.