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.

Analysis of 250 billion queries on Zillow reveal top search terms SEATTLE , Dec. 21, 2023 /PRNewswire/ -- After analyzing more than 250 billion search queries, Zillow® has compiled the top search terms for 2023, showing the wide range of desires and preferences among America's home shoppers. Earlier this year, Zillow introduced an AI-powered natural language search feature that lets home shoppers search for homes in a conversational way, similar to how they talk to family or friends.

How Americans surfed Zillow in 2023

Zillow Group, Inc.'s outlook may not be promising, but its strong brand and potential for growth make it a bullish investment. Zillow's near-term prospects include a focus on delivering a housing Super App and enhancing its ecosystem for real estate professionals. Zillow is priced at 30x forward free cash flows. How investors should think about this valuation.

Zillow's Recovery Path: From Q3 Struggles To 2024 Triumphs

West Chester, Pennsylvania, ranked as Zillow shoppers' favorite market of 2023 SEATTLE , Dec. 19, 2023 /PRNewswire/ -- The most popular market among Zillow® surfers  this year was West Chester, Pennsylvania. After the West Coast ruled in 2021  and the Midwest took the top spot last year , the Northeast dominated this year's list.

Small Northeast towns reign supreme as Zillow's 2023 most popular markets

Home prices are getting slashed at an unusual pace, Zillow economists said. Nearly 23% of listings on the market saw a price cut in November.

Home prices are getting slashed as inventory climbs and high mortgage rates push sellers to compete for buyers, Zillow says

HubSpot

As weeks go, it's been a great one for equities. The S&P 500 index has hit its highest levels in almost two years and has gained 14% since the end of October.

3 stocks getting upgraded ahead of 2024

JMP upgraded Zillow Group Inc  (NASDAQ:ZG) to "outperform" from "market perform," helping the stock to a 3.2% premarket lead.

Analyst Sees Massive Upside for Zillow Stock

One of Zillow's most viewed homes now includes an interactive floor plan, a 3D Home tour and a virtual treasure hunt SEATTLE , Dec. 12, 2023 /PRNewswire/ -- There's an all-new, interactive way to tour Santa's House  on Zillow®. Starting today, families can take a virtual 3D tour of the Clauses' North Pole cabin and explore every charming corner using a floor plan generated by artificial intelligence (AI).

Take an AI-powered tour of Santa's $1.18M North Pole cabin on Zillow

Some sellers shake free from 'rate lock,' helping to cut inventory deficit Monthly mortgage payments on a home purchase fell about 1.5% from October to November. Rate lock may be easing as a two-year new-listings shortfall shrank to 14.1% below "normal.

Better news for buyers in November as prices, rates ease

Zillow (ZG) reported earnings 30 days ago. What's next for the stock?

Zillow (ZG) Up 13.4% Since Last Earnings Report: Can It Continue?

Home buying will remain expensive, so expect a competitive market for homes that need some work and for single-family rentals Affordability will remain a challenge, but Zillow expects buyers to have more options and a bit more financial breathing room in 2024.  Rental market competition will be strong, especially for single-family rentals and units with an easy commute to downtown office hubs.

Zillow predicts more homes for sale, improved affordability in 2024

The Federal Reserve is about to end its most aggressive campaign to hike interest rates in its history. Higher rates have crushed the housing sector, with existing home sales currently at a 13-year low.

Here's the Growth Stock to Buy If Interest Rates Fall in 2024 -- and They Probably Will

New construction surge prompts landlords and property managers to provide more perks SEATTLE , Nov. 20, 2023 /PRNewswire/ -- Rental concessions—offers meant to entice tenants, such as free months of rent or free parking—are at their highest level in more than two years despite strong renter demand, Zillow's latest data shows. That's because property managers are now likely competing for tenants, as new, primarily upscale buildings from the recent construction boom enter the rental market.

Rent remains high, but more properties offer incentives

Inventory deficit lessens while competition over attractive listings has them selling fast A deficit of new listings shrank to 1.2% below last year as total inventory rose 2.6% month over month. Mortgage payments have risen more than 4% in a month and almost 10% in a year.

Buyer demand hanging tough, despite rates and seasonal cooldown

Zillow reported better-than-expected Q3 results, with earnings per share of $0.33 and revenue of $496 million. Analysts have reduced their outlook for Q4, but remain optimistic about future growth in revenue and earnings. Bullish options bets suggest that Zillow's stock may rise above $43.33 by mid-August 2024.

Zillow's Big Stock Decline May Finally Be Over

Housing will recover eventually, and this is the stock that I think investors will want to own.

The Only Housing Stock You Need to Own

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Black families unable to buy homes due to a lack of credit are often stuck paying more in rent  Lack of access to credit is keeping many renters from homeownership, despite those renters living in areas where a monthly mortgage payment is less than rent. Areas with higher levels of credit insecurity tend to have higher populations of color, especially Black households — a legacy of redlining practices that were outlawed decades ago.

Redlining's legacy: New Zillow maps show the continuing barriers to homeownership in Black neighborhoods

Zillow's shares declined despite falling mortgage rates due to disappointment in its 4Q23 guidance and concerns about the recent verdict on the commission collusion case. The loss of the Sitzer/Burnett lawsuit could disrupt the commission structure of the residential real estate industry. International markets provide a guide on what this could mean for Zillow. With a dominant market position, I believe Zillow could be a massive beneficiary of large industry changes and see significant upside in the stock.

Zillow: Potential Industry Disruption Should Be A Big Positive

Zillow's stock has fallen after reporting Q3 results, but investors should view this as an opportunity to buy. Zillow is positioned to thrive in a world where buyers' agents are less prevalent due to a class action lawsuit against the NAR. Zillow's focus on its internet advertising business and potential for additional monetizable services make it a strong investment option.

Zillow: Look To The Long Term

Shares of Zillow Group Inc. NASDAQ: ZG were trading about 9% lower for the week of October 30 after a federal jury in Missouri ruled that the National Association of Realtors and some large real estate brokerages conspired to inflate realtor commissions.

Realtor verdict, poor revenue guidance send Zillow stock plunging

Zillow (NASDAQ:Z) reported better-than-expected third-quarter earnings, primarily driven by its marketing services for real estate agents, despite a sluggish housing market. The company's revenue for the quarter stood at $496 million, surpassing the average analyst estimate of $481 million.

Zillow beats 3Q expectations but faces uncertain outlook

Real estate platform Zillow Group outperformed the industry during the third quarter. Despite a 3% decline in residential revenue year over year (YoY), Zillow outperformed the industry decline of 14%, the company said in a Wednesday (Nov. 1) earnings release.

Zillow's Revenue Outperforms Industry as Real Estate Faces Headwinds

Zillow Group, Inc. (NASDAQ:Z ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Bradley Berning - VP of IR Richard Barton - Co-Founder and CEO Jeremy Hofmann - CFO Jeremy Wacksman - COO Conference Call Participants Bradley Erickson - RBC John Campbell - Stephens Inc. Lloyd Walmsley - UBS Ryan McKeveny - Zelman & Associates Vincent Kardos - Jefferies Ronald Josey - Citigroup Thomas Champion - Piper Sandler Operator Good afternoon. My name is Lauren and I'll be your conference operator today.

Zillow Group, Inc. (Z) Q3 2023 Earnings Conference Call Transcript

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

Zillow (ZG) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Zillow Group Inc. late Wednesday posted quarterly results that were above analyst expectations, but the stock fell 4% as investors zeroed in on the real-estate company's weaker revenue outlook for the current quarter.

News for Zillow Stock (ZG)