Zillow: Millions of potential houses lost to doubling up

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Most Read Business Stories. But in the Admiral area, median property values are about $650,000 now, according to Zillow. Looking at the entire city, the typical Seattle house now costs $641,250, up 14.5 percent compared with a year ago and up 67 percent in the last half-decade.

America’s housing inventory crisis is causing home prices to rise at double the rate of a ‘normal’ market. Some west coast markets have seen huge gains. The median home value in San Jose rose 12.3%, or $118,200, since last October, according to Zillow. San Jose’s median home value is up to $1.08 million.

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Another Pinellas foreclosure auction fools bidders, raises questions In February 2008, his campaign largely defused questions about the sale when the couple from whom the Obamas bought their house said the senator had submitted three bids, starting with an offer of.

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But there is a silver lining. The number of Americans living with roommates or adult family members jumped to more than a third of U.S. adults in 2012, up from 27.4% in 2006, a new report from Zillow said. A total of 5.4 million households have been lost to doubling up as housing costs outpaced income over the last decade.

 · If Zillow can solve the "problem" of putting all the docs (disclosures, inspections, offer docs, title docs later on, etc) up with the listing along with making a network of handymen (to help out with prettifying a house for sale), most buyers and sellers will be happy to pay them 0.5-1% instead of the seller having to pay the agents 4-5%.

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 · In addition, millions of single-family homes lost to foreclosure were purchased by investors and turned into single-family rentals, further depleting the for-sale housing stock.

 · Zillow Home Loans plans to ramp up to closing 3,000 loans per month within three to five years by making loans to folks selling to Zillow Offers when they buy new homes, and making loans to.