The consensus price target hints at a 25% upside potential for Zillow (ZG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
It's too early to determine whether the Federal Reserve's decision to raise interest rates has benefited America's economy. However, the impact of higher interest rates on mortgage payments is evident. According to Zillow, the average mortgage payment in America has surged by 96% in the last four years. This substantial rise undoubtedly causes significant financial strain for many homeowners. Don't Miss: Will the surge continue or decline on real estate prices? People are finding out about risk-
Home prices rose at levels never seen before, and while the market is cooling down, housing costs are still beyond what people can afford, the Obama-era cabinet member said.