Zillow

Zillow Group, Inc. engages in the provision of real estate and home-related information marketplaces on mobile and the web. It operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display and other advertising and business software solutions. The Homes segment includes Zillow Group's buying and selling of homes directly. The Mortgages segment includes advertising sold to mortgage lenders and other mortgage professionals, mortgage originations through MLOA and the sale of mortgages on the secondary market, as well as Mortech mortgage software solutions. The company was founded by Richard N. Barton and Lloyd D. Frink in December 2004 and is headquartered in Seattle, WA.

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Zillow surpasses Q2 revenue targets, eyes market expansion for growth

Zillow's Q2 2024 performance exceeded expectations, driven by revenue growth across key segments.
The company's strategic focus on the Housing Super App and market expansion positions it for sustainable growth.
While challenges like customer transaction share exist, Zillow's strong performance and leadership changes signal a positive outlook.

Zillow reports robust Q3 earnings, eyes growth in rentals and mortgages

Zillow Group's Q3 performance reflects strong revenue growth and user engagement, supported by strategic initiatives in rentals, mortgages, and customer experience.
While challenges like cost management and market dynamics persist, Zillow remains optimistic about future growth opportunities and profitability.
By focusing on innovation, customer advocacy, and market positioning, Zillow aims to sustain its growth trajectory and drive value for stakeholders.

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Zillow Group, Inc. engages in the provision of real estate and home-related information marketplaces on mobile and the web. The company was founded by Richard N. Barton and Lloyd D. Frink in December 2004 and is headquartered in Seattle, WA.

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Douglas Elliman

Anywhere Real Estate Inc

Redfin

The powerful National Association of Realtors has agreed to eliminate rules on commissions to settle lawsuits and to pay $418 million in damages, the New York Times reported Friday. The group later confirmed the report in a statement.

Realtor group agrees to cut commissions to settle lawsuits, in a move that could reshape home sales

New listings are up 21% annually, evidence of rate lock easing New listings rose annually in every major metro. Total inventory rose 12% year over year; the largest gains came in the South.

Influx of sellers arrives just in time for spring season

New Zillow research suggests the spring home-shopping season may see a second wave if mortgage rates fall A Zillow analysis of 2023 home sales finds that homes listed in the first two weeks of June sold for 2.3% more.  The best time to list a home for sale is a month later than it was in 2019, a change likely driven by mortgage rates.

Homes listed for sale in early June sell for $7,700 more

Zillow Group, Inc. (NASDAQ:Z ) Morgan Stanley Technology, Media & Telecom Conference March 6, 2024 4:20 PM ET Company Participants Jeremy Hofmann - Chief Financial Officer Conference Call Participants Matt Cost - Morgan Stanley Matt Cost All right. Thank you so much everyone for being here.

Zillow Group, Inc. (Z) Presents at Morgan Stanley Technology, Media & Telecom Conference (Transcript)

Zillow (NASDAQ: Z ) stock is in the news Wednesday after the real estate website manager was hit with a short report from Spruce Point Capital Management, LLC. Spruce Point Capital points to a few reasons why trouble is brewing for Z stock.

Is Zillow (Z) Stock on the Brink of Death? This Short Seller Thinks So.

U.S. existing home sales recently hit a 13-year low due to the rapid rise in interest rates since mid-2022. Zillow Group struggled to generate growth as a result.

1 Super Stock Down 72% to Buy if the Fed Cuts Interest Rates in 2024

Homebuyers need to earn 80% more than they did pre-COVID to comfortably afford a house in the current market, Zillow found. Housing costs have soared, and wages haven't kept up, data in a new report showed.

Homebuyers need to earn 80% more than they did pre-COVID to comfortably afford a house in this market, Zillow says

The income needed to comfortably afford a home is up 80% since 2020, while median income has risen 23% in that time Those shopping for homes today need to make more than $106,000 a year to comfortably afford a home. A mortgage payment on a typical U.S. home has nearly doubled since 2020.

Home buyers need to earn $47,000 more than in 2020

SEATTLE , Feb. 28, 2024 /PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG), which is transforming the way people buy, sell, rent, and finance homes, announced today Chief Financial Officer Jeremy Hofmann will participate in a fireside chat at the 2024 Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 6 at 1:20 p.m Pacific time. A live audio webcast and replay of Hofmann's fireside chat will be available through the "Events & Presentations" section of Zillow Group's Investor Relations website: http://investors.zillowgroup.com.

Zillow Group CFO to Present at 2024 Morgan Stanley Technology, Media & Telecom Conference

CoStar Group

Zillow (NASDAQ:Z), the online estate agent, is facing a battle with rival Homes.com owner CoStar Group Inc (NASDAQ:CSGP) after the latter came out swinging with its US$1 billion Super Bowl ad. Jeff Goldbloom, Dan Levy and Lil Wayne were all recruited by Homes.com to star in the high-cost commercials during the NFL final and initially analysts were concerned it could cause problems for Zillow (NASDAQ:Z).

Zillow v Costar: A battle for the future of real estate

Zillow's revenue was up 9%, but the impressive results came from rentals, where revenue jumped 37% from a year ago. Zillow is still losing money but it has a strong balance sheet with $2.8 billion in cash.

Why Zillow's Stock Jumped 7.8% on Wednesday

This story originally appeared on Real Estate News.

Zillow Group CEO Rich Barton bullish about growth despite challenging housing market

With growing user engagement and innovative features in the platform, Zillow (ZG) reports decent fourth-quarter earnings.

Zillow (ZG) Beats Q4 Earnings and Revenue Estimates

Zillow (NASDAQ:Z), the online real estate company, saw shares jump over 6% in pre-market trading after its fourth-quarter earnings beat expectations. Headwinds facing the real estate industry have been some of the harshest in the last decade, but at Zillow (NASDAQ:Z), strong revenues from areas such as residential and rental helped drive the earnings beat.

Zillow shares rally as it shrugs off industry headwinds

Expensive, coastal and Western markets are already heating up as spring season approaches Well-priced homes are selling in 29 days, and that will shorten quickly as the shopping season opens. Mispriced inventory is lingering, however; an elevated 1 in 5 sellers are cutting prices to find buyers.

Home shopping early may pay off as price cuts abound

Zillow is expanding its “housing super app” to more markets after seeing how well it has been received. The company is also continuing to add functionality to the app for both the real estate sales and rentals markets, Zillow said in a presentation released Tuesday (Feb. 13) in conjunction with its quarterly earnings call.

Zillow Targets Growing Share of Market With ‘Housing Super App'

Zillow Group, Inc. (Z) Q4 2023 Earnings Call Transcript

The headline numbers for Zillow (ZG) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Zillow (ZG) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

This story originally appeared on Real Estate News.

Zillow Group stock rises after beating Q4 expectations with $474M in revenue

SEATTLE, Feb. 13, 2024 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced its consolidated financial results for the three months and year ended December 31, 2023. Complete financial results and outlook for the first quarter of 2024 can be found in our shareholder letter on the Investor Relations section of Zillow Group's website at https://investors.zillowgroup.com/investors/financials/quarterly-results/default.aspx.

Zillow Group Reports Fourth-Quarter and Full-Year 2023 Financial Results

BlackLine

Shopify

Reporting their fourth-quarter results on Tuesday, February 13, here are three highly ranked tech stocks that investors will want to keep an eye on.

3 Highly Ranked Tech Stocks to Watch as Earnings Approach

As the cost of independence rises, Zillow offers a fresh solution for those flying solo The "singles tax" increased this year, now standing at $7,110. Cohabitating renters collectively save $14,220 annually on average by living together, but that can be as much as $40,200 in New York City.

Renting alone? The 'singles tax' now exceeds $7,000

Zillow has begun targeting customers who want to rent — or rent out — a room. The real estate website announced Thursday (Feb. 8) that its platform now gives users the option to search for or list individual rooms for rent.

Zillow Debuts Individual Room Listings as Housing Costs Climb

Renters and homeowners can now list a room for rent on Zillow, reducing housing expenses by finding a roommate to share costs SEATTLE , Feb. 8, 2024 /PRNewswire/ -- Zillow® today announced a significant addition to its rental offerings: the option to search for and list individual rooms for rent. This new listing type is particularly timely, as U.S. rents have surged nearly 30% since the pandemic, and a startling 50% of renters are now cost-burdened , spending 30% or more of their income on rent and utilities.

Zillow expands rental marketplace with room listings, offering more affordable and flexible options

Zillow (ZG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for Zillow Stock (ZG)