Zillow (NASDAQ:ZG) has indicated that San Jose will be among the best housing markets in the U.S for a second year running. Regardless of the changing paradigm on which is the priciest housing market in the U.S San Jose continues to appreciate owing to their rising home values as well as their high paying jobs.
San Jose has a median home value of $1.2 million, and the growth value continues to hit double digits. San Jose led home value appreciation last year, and it expects to continue the trend in the early months of 2019. Although the for-sale inventory doubled in San Jose in recent times, it nonetheless remains tight
Zillow has indicated that home sellers in Nashville, Minneapolis, Miami, Portland, and Orlando can now access Zillow offers. They can use the offers to request for a no obligation cash to acquire their dream home.
Launching Zillow offers
Zillow expects to launch the Zillow offers in these markets throughout 2019, and they hope by fall all they will be active in all the five markets. The Zillow service allows consumers to do away with the hassle and uncertainty of having to sell a house.
With the offers, Zillow will buy the house and then prepare it for showing and lists it for sale without much hassle all within the consumer’s time. Zillow is represented in the transaction by local brokerages.
Expansion of Zillow
Last year Zillow offers were launched for the first time in Phoenix with the service also being available to Atlanta, Las Vegas, Denver Raleigh, and Charlotte sellers. Also, Zillow has plans of launching the service in Riverside, Houston, as well as Dallas by the end of the year.
Zillow Brand President, Jeremy Wacksman, indicated that since the launch of the Zillow offers they have had an increasing demand from home sellers who are always asking when the Zillow markets will be available in the market.
The president said that following the announcement, the company would continue to scale the Zillow offer in the U.S as they aim at delivering simple demand real estate in over 14 markets by the end of the tear.