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.

The group is offering a down-payment program, through which borrowers will offer up 1% and it will contribute the additional 2%.

Zillow Launches Loan Scheme to Help Home Buyers as Mortgage Rates Soar

This program can reduce the time needed to save for a down payment and provide another option for those who are otherwise ready to take on a mortgage payment SEATTLE , Aug. 24, 2023 /PRNewswire/ -- Zillow Home Loans announced its 1% Down Payment program to allow eligible home buyers to pay as little as 1% down on their next home purchase. This program is initially being offered on properties located in Arizona, with plans to expand to additional markets.

Zillow Home Loans offers a 1% down payment option, opening homeownership to more borrowers

D.R. Horton

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A federal judge in Seattle this week dismissed antitrust claims in a lawsuit filed in 2021 by Austin-based real estate startup Real Estate Exchange (REX) against Zillow Group and The National Association of Realtors (NAR).

Judge tosses antitrust claims directed at Zillow Group and National Association of Realtors

For much of last year, Zillow Group Inc NASDAQ: ZG could have been the poster child for stocks that were pumped and then dumped with the pandemic. A nearly 90% drop from 2021's all-time high only bottomed out last October when Zillow shares were back trading at their 2013 levels.

Zillow And The 30% Opportunity That's Opening Up

Zillow is treading water in a slow housing market.

Zillow Stock Needs a Housing Recovery

Redfin and Zillow Group‘s second-quarter earnings reports point to more pain in the real estate market as limited housing supply and climbing mortgage rates throttle transaction volume.

Zillow and Redfin earnings reports reflect slumping real estate market

Lower residential and mortgage revenues due to the persistence of uncertainty in housing market hinder Zillow Group's (ZG) net sales in the second quarter of 2023.

Zillow Group (ZG) Q2 Earnings Beat Despite Flat Revenues Y/Y

Zillow Group, Inc. (NASDAQ:Z ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Bradley Berning - Vice President of Investor Relations Richard Barton - Co-Founder, Chief Executive Officer & Director Jeremy Hofmann - Chief Financial Officer Jeremy Wacksman - Chief Operating Officer Conference Call Participants Bradley Erickson - RBC Capital Markets Ronald Josey - Citigroup Mark Mahaney - Evercore ISI Ryan McKeveny - Zelman & Associates Thomas White - D.A. Davidson & Co. John Campbell - Stephens Inc. Brian Fitzgerald - Wells Fargo Dae Lee - JPMorgan Operator Good afternoon.

Zillow Group, Inc. (Z) Q2 2023 Earnings Call Transcript

Zillow Group (ZG) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.47 per share a year ago.

Zillow Group (ZG) Beats Q2 Earnings and Revenue Estimates

Zillow Group revenue rose slightly to $506 million in the second quarter, well ahead of its prior guidance of $451 million to $479 million for the three months ended June 30, the company reported Wednesday afternoon.

Zillow Group tops expectations but feels ongoing headwinds from tough housing market

The real estate technology company says it expects revenue of $458 million to $486 million in its third quarter, lower than consensus estimates. The stock dropped in after-hours trading.

Zillow Stock Falls After Revenue Beat

Zillow Group Inc. ZG shares declined in the extended session Wednesday after the real-estate site topped Wall Street expectations for the quarter, but its outlook didn't. Zillow shares declined as much as 3% after hours, following a 2% decline in the regular session to close at $54.23.

Zillow stock slips as outlook falls short of Street view

SEATTLE , Aug. 2, 2023 /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 ended June 30, 2023. Complete financial results for the second quarter and outlook for the third quarter of 2023 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 Second-Quarter 2023 Financial Results

Seattle real estate giants Zillow Group and Redfin announced a rare syndication partnership Tuesday related to the sharing of new construction listings.

Real estate rivals Zillow and Redfin partner to share new construction listings

Zillow Group Inc. Z, +2.16% ZG, +1.73% and Redfin Corp. RDFN, +0.40% announced a partnership Tuesday, as the real estate information and services companies work together to help home builders connect with home buyers. Zillow's stock rallied 2.3% in afternoon trading toward a 16-month high, while Redfin shares were little changed.

Zillow, Redfin announce a partnership aimed at connecting home builders with home buyers

Home builders partnering with Zillow will now have their listings and communities automatically syndicated to Redfin, expanding the visibility of these homes to potential buyers SEATTLE , Aug. 1, 2023 /PRNewswire/ -- Zillow® Group's new-construction listings will soon be automatically syndicated to Redfin, connecting home builders with motivated buyers on both platforms. The strategic partnership will dramatically expand the reach of home builder listings on Zillow and allow Redfin customers to explore a broader range of new-construction homes for sale, creating a seamless home-buying experience.

Zillow and Redfin announce partnership to help buyers and home builders connect

Housing is showing signs of recovery, and that should be good for Zillow.

Is Zillow the Best Housing Stock?

Zillow introduces the Cost of Renting Summary to bring transparency to rental expenses SEATTLE , July 19, 2023 /PRNewswire/ -- Zillow's new Cost of Renting Summary gives renters clear insight into the financial obligations of renting, making it easier than ever to understand the costs involved. This feature is now available on all detail pages for rental multifamily buildings across the Zillow app and website.

Say goodbye to surprise fees: New Zillow tool helps renters avoid unexpected costs

In a market focused on artificial intelligence (AI), semiconductors, cloud software and cryptocurrency winners, real estate tech players are quietly having themselves a year. Opendoor Technologies shares have risen more than 300%.

Zillow's Stock Is Hot

Zillow (ZG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Zillow (ZG): Can Its 10.8% Jump Turn into More Strength?

But the tide for buyers could be turning as homes are taking longer to sell  The typical U.S. home value breached $350,000 for the first time, eclipsing the previous peak last July. The number of homes coming onto the market is closer to a normal October than a typically faster-paced June.

Home values reach new peak as owners hang on to houses

Zillow: Solid Performance In A Tough Housing Market, Hold

Compass

Experts say that homebuyers are starting to get used to the 7% mortgage rate. Analysts at Piper Sandler upgraded Zillow this morning.

News for Zillow Stock (ZG)