What home prices will look like in 2023, according to Zillow’s revised downward forecast

There’s no doubt about it: Soaring mortgage rates are an economic shock to the U.S. housing market. Over the past month alone, the average 30-year fixed mortgage rate has spiked from 3.11% to 5....

Zillow’s lost more than $230 million in its iBuying fire sale, but the stock is still surging

Three months after a home-flipping initiative imploded in an embarrassing public display, Zillow Group Inc. reported record revenue from selling the underwater homes Thursday and predicted big sales a...