Zillow's new tool tries to address a major homebuyer concern

Transcript:

Conway Gittens: I’m Conway Gittens reporting in New York. Here’s what we’re watching on TheStreet as of late.

A tame inflation report bolstered Wall Side road’s view that this economy is arrange for more interest rate cuts.

Investors will get fresh clues on the economy in the coming near near week with the free up of the all-important monthly jobs report. Federal Reserve Chairman Jerome Powell may provide some insight in a speech. And, there'll be monthly updates on the factory and services and products sector. Meanwhile, on the corporate front, Nike posts its first quarterly results since announcing a brand new CEO.

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In other news - as home buyers continue to grapple with high interest rates and low inventory, Zillow is introducing a brand new feature to try and alleviate most of the stress that includes purchasing a home.

Zillow’s new climate risk tool will provide information regarding potential hazards - like floods, fires, and air quality. In step with Zillow, “On for-sale listings, buyers will stumble on a climate risk section that provides property-specific data. Every section shows how a selected risk may impact the home now and in due course, while also offering information on insurance requirements.”

Zillow has partnered with First Side road, an organization which specializes in climate risk financial modeling, so which that you just would provide you with the choice to provide information to its user base. The hope is to provide a more accurate picture of what buyers pays, bearing in mind things like flood insurance, when buying a home.

Zillow claims eighty% of prospective home buyers now have faith climate risks when choosing where they'll reside.

That’ll do it in your Daily Briefing. From New York, I’m Conway Gittens with TheStreet.

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