Why Is Zillow Real Estate Still Under Price Controls?
Real estate agents are worried that the Trump administration may not make any meaningful changes to the real estate industry.
While real estate sales are booming, the number of new listings is down and agents worry that the real property market is still struggling.
Trump is set to make his first visit to the Zillows Real Estate syndication site on Tuesday, and the company has already posted the most popular listings.
According to Zillowers data, Zillower has seen sales of 1.2 million homes since the election.
The Trump administration is reportedly working on a plan to regulate the realty industry. “
We’re hopeful that this historic growth will be sustained over the next two weeks as we prepare to work with the incoming administration and Congress to ensure that the Zillerow Marketplace remains a great place to sell and purchase homes.”
The Trump administration is reportedly working on a plan to regulate the realty industry.
It’s unclear what that plan will entail.
Zillow is not alone in the real-estate market in having seen record sales and a record number of properties sold in the past 24 hours.
The median sales price for all U.S. homes last week was $315,000, a 9% increase from the same week a year ago, according to Zumper data.