Increased inventory -- and price cuts; plus, 9 agent takeaways from the NAR settlement

Zillow’s agent profiles and search tool help real estate agents highlight their expertise

Zillow’s agent profiles just received a major upgrade, giving agents more ways to make a great first impression with potential sellers and buyers. Check out what’s new.

9 important agent takeaways from the NAR lawsuit settlement

Once the National Association of Realtors? agreed to settle the Sitzer-Burnett lawsuit in March, there was a lot of speculation about how it would disrupt real estate over the long term. But some of the information regarding agent-specific changes left room for interpretation. As the deadline approaches for new rules to be implemented, we compiled a list of the major takeaways that agents should know as the future of real estate takes shape.

Zillow at Inman Connect Las Vegas

Zillow CEO Rich Barton will deliver a keynote address at the Inman Connect real estate event in Las Vegas on Wednesday, July 31. Zillow economic and industry experts will also be on hand to discuss what agents need to know to help their clients and navigate a changing industry. Stop by our hospitality suite to check out the latest tech from Follow Up Boss and ShowingTime+ that helps real estate professionals grow their business and serve their clients.

Price cuts abound as sellers see homes taking longer to sell

Sellers may still have a slight edge nationally, but Zillow’s market heat index shows a balanced market may be on the horizon, with more homes for sale and price cuts rising. Whether you’re a buyer or a seller, check out the June Housing Market Report for the latest data.

New U.S. homes are now cheaper by the foot than existing ones

Buyers of new homes got a $3.50 discount per square foot in May compared to those purchasing existing homes. That’s the biggest discount recorded in Zillow median sale price data, which stretches back to 2018. Learn why, along with where the biggest discounts for new builds are and what it means for buyers.

• BiggerPockets podcast: With slow spring homebuying, Zillow predicts price drops in 2025
• Yahoo Finance: Potential homebuyers due to see some relief in home prices
• CNN Business: The worst may be over for homebuyers

Zillow is redefining what it means to be a great place to work, with an award-winning employee experience, location flexibility and teams that are innovating to make real estate more accessible and easier for all. In fact, we were just included on Fortune’s Best Workplaces for MillennialsTM 2024 list for advancing policies and benefits that foster a workplace in which all employees thrive. Check out career opportunities here.