Bryan Devore Blog

Zillow to Close iBuying Division

Zillow, a Seattle-based real estate and financial services company, has announced the closing of its iBuying division Zillow Offers effective immediately. The move represents a significant move away from one of its core means of revenue and the elimination of approximately 2,000 jobs after the program is completely wound down.

Bryan Devore

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Where Are Home Prices Rising the Fastest?

The October 2021 Home Data Index Market Report (HDI) has been released by Clear Capital—a Nevada-based property valuation management and data solutions company—shows that the average American home increased in value by 5.3% over last quarter.

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10 Cities Where You’ll Need the Biggest Down Payment To Snag a Home—and 10 Where You’ll Put Down the Least

There are plenty of hyperbolic terms flung around these days to describe the unpredictable real estate market: a maelstrom, a snake pit, a roller-coaster ride, even The Upside Down (ask a Netflix fan). But the reality is more down to earth: a classic tale of the haves versus the have-nots.

Bryan Devore

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How Much Does the First Year of Homeownership Cost in Large U.S. Cities?

The first year of homeownership can often be the most expensive, especially when paying a sizable down payment and taking closing costs into account. More times than not, the most affordable places to buy homes are smaller and more rural. But how much does the first year of homeownership cost in America’s largest cities?

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The housing crisis will continue if Congress fails to address its root cause

The nation faces a dramatic housing shortage, sending home prices and rents through the roof all over the country. The spike in housing costs is making it harder for some to buy their first home and for others to afford their rent, increasing demand for subsidized housing and widening the wealth gap between renters and homeowners. It is also forcing more families to live farther from jobs, increasing commute times, undermining labor force participation and slowing economic growth.

Bryan Devore

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House Hunting and Moving with a Pet: How to Make It Easier

Bryan Devore

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CDC Announces New Targeted Eviction Moratorium Order

U.S. Centers for Disease Control (CDC) Director Dr. Rochelle Walensky has signed an order determining the evictions of tenants for failure to make rent or housing payments could be detrimental to public health control measures to slow the spread of COVID-19. The CDC order will expire Sunday, October 3, 2021, and applies in U.S. counties experiencing substantial community transmission levels of COVID-19.

Bryan Devore

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Housing Payment Delinquencies Tail Off in Q2

A new report from the Mortgage Bankers Association's (MBA) Research Institute for Housing America (RIHA) has found that just under five million U.S. households did not make their rent or mortgage payments in Q2 of 2021.

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Why Many Local Homebuyers Are Being Shut Out

It is well-established that the back half of 2020 and, so far, 2021 have been periods of increased activity in the housing market. With a pandemic pushing folks to work from home and households seeking more space, not to mention all-time low mortgage rates, a record number of homeowners, says Redfin.com, are looking to relocate to a new metropolitan area—but this trend is creating unprecedented issues for those attempting to upgrade or move within their own area.

Bryan Devore

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