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.

SEATTLE , Nov. 1, 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 September 30, 2023. Complete financial results for the third quarter and outlook for the fourth 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 Third-Quarter 2023 Financial Results

A Missouri jury's verdict that the National Association of Realtors colluded with brokerages to keep agent commissions high created a shockwave throughout real estate stocks earlier this week. Zillow (NASDAQ:Z) and others plunged on Tuesday after the ruling, which could change how Americans purchase homes, or specifically, how they pay for broker fees.

Zillow faces uncertain future after Missouri verdict shakes real estate stocks

Zillow is adding to its arsenal of agent tools with the acquisition of Follow Up Boss, a popular customer relationship management system for agents and brokers. Zillow is paying $400 million in cash up front, plus an additional $100 million cash earnout.

Zillow acquiring Follow Up Boss for up to $500M in quest for ‘housing super app'

Zillow Group's investment in the Follow Up Boss platform will further help teams and agents deliver great customer experiences, boost productivity and grow their businesses   SEATTLE , Nov. 1, 2023 /PRNewswire/ -- Zillow Group has entered into an agreement to acquire Follow Up Boss, a customer relationship management (CRM) system for real estate professionals. Follow Up Boss gives teams and agents a central hub to stay organized, engage customers, close deals and grow their production.

Zillow Group to acquire Follow Up Boss, an industry leader in customer relationship management

Redfin

Shares of real-estate names plunged Tuesday following a jury ruling that has the potential to shake up the way people purchase homes.

Here's why Zillow, Redfin and other real-estate stocks tanked after a jury ruling

Opendoor

All housing brokerage firms were down today in the wake of a major court decision. It adds insult to injury during the most challenging housing environment in years.

Why Redfin, Opendoor, and Zillow Plunged Today

Zillow survey finds 35% of prospective buyers would buy a haunted house if it cost less Four in 10 prospective buyers could be convinced to buy a haunted house if it had the right features. Nearly 30% of prospective buyers say they would be more likely to purchase a home if it were haunted.

Nearly 70% of prospective buyers would buy a haunted house if it checked all their boxes

Zillow app also receives updates, which include improved navigation on for-sale listings and a way to simplify financing with the new Zillow Home Loans tab SEATTLE , Oct. 23, 2023 /PRNewswire/ -- Today Zillow® is launching a big update to the look and feel of for-sale property listings on its website, improving home shoppers' experience with a more intuitive and simplified layout. The enhanced design of for-sale property listings on Zillow.com offers a wider, single-scroll format, making it easier for home shoppers to find key information, such as square footage, the Zestimate® feature, lot size and home type.

Zillow unveils a new look for property pages, their biggest redesign in 5 years

Zillow shares have dropped 20% due to high mortgage rates and low housing market transactions. Despite the challenging environment, Zillow has shown strong results and is executing its long-term plan. Zillow's Flex/Enhanced strategy is driving growth and changing the workflow of partner agents, adding value to the company.

Zillow: Making Tremendous Progress In A Tough Housing Market

Zillow Home Loans and The Knot find the share of couples including "home funds" as part of their wedding registry has increased 55%  SEATTLE and NEW YORK , Oct. 19, 2023 /PRNewswire/ -- A new analysis conducted by Zillow® Home Loans and The Knot  shows that more couples than ever who are planning to marry are registering for home funds to help them buy a house, in addition to more traditional wedding gifts. For many couples, marriage is accompanied by exciting — albeit expensive — life changes, like purchasing their first home, and as home prices continue to soar across the country, young couples are getting creative to make their dream of homeownership a reality.

More couples turning to wedding registries for help buying their first home

The Fed has raised interest rates at the most aggressive pace in its history for the past couple of years. Some experts believe the Fed has gone far enough, and it might even start cutting rates next year.

Interest Rates Could Fall in 2024. Is It Time to Buy This Real Estate Technology Stock?

Zillow's business and share price have remained steady in 2023 despite rising mortgage rates and a weak real estate market. The recent increase in long-term bond yields is starting to impact the Company with housing market dysfunction increasing. While Z stock is well positioned to capitalize on a large long-term opportunity, it seems likely that the company is still in for more short-term pain.

Zillow: Mortgage Rates Are Beginning To Bite

Competition is slowing faster than normal as fall sets in U.S. home values fell slightly (0.1%) in September, the first monthly dip since February. Homes are on the market a median of 15 days before sellers accept an offer — half the time of pre-pandemic norms.

Home values start to slip as market's summer heat fades

Find homes in specific school districts when searching for homes to buy or rent SEATTLE , Oct. 11, 2023 /PRNewswire/ -- Today, Zillow® is launching search by school, a new feature on the Zillow app that makes it easy for home shoppers to discover homes for sale or rent within specific school attendance zones or school districts just by using the search bar. "Nearly one-third of home shoppers have children younger than 18, making 'search by school' an important feature on the Zillow app," said Nicholas Stevens, vice president of product at Zillow.

Search by school on Zillow makes house hunting as easy as ABC

SEATTLE, Oct. 9, 2023 /PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG) announced today it will release third-quarter 2023 financial results after market close on Wednesday, Nov. 1, 2023. The company will host a conference call and webcast to discuss its results that afternoon at 2 p.m. PT / 5 p.m. ET.

Zillow Group to Announce Third-Quarter 2023 Results Nov. 1

US homebuyers might see a "sweet spot" in the market this fall, said a Zillow economist. There are more motivated sellers and more active listings overall than at any time since last December, he wrote in a report.

More homes are being listed on the market, meaning this fall could be a 'sweet spot' for home buyers: Zillow

The housing market is starting to cool down, and that could usher in a good opportunity for homebuyers, Zillow said. The percentage of home listings that had a price cut jumped to 9.2% in the week ending September 16.

The US housing market is set to cool this fall, setting up a rare opportunity for buyers as sellers slash prices, Zillow says

This story originally appeared on Real Estate News.

Zillow wins jury verdict over non-MLS listings

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Zillow Group, Inc.'s drop in share price following Q2 earnings presents a buying opportunity for long-term investors. The company is nearing an inflection point of profitability and could benefit from falling interest rates. Zillow's business model has shifted to a service-oriented real estate platform.

Zillow: Nearing An Inflection Point

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Pinterest, Zillow, and SoFi are all down significantly from their 2021 highs. Despite their poor stock performance, all three of these businesses are making smart moves.

These 3 Stocks Are Still Down More Than 50% -- but I Think They Could Be Some of the Stock Market's Best Performers Over the Next Decade

Zillow Group introduced a new tool to help renters purchase insurance online.

Zillow Group unveils tool to help renters buy insurance

Zillow now provides direct access to renters insurance through a partnership with Homesite, where renters can get coverage for personal property and more SEATTLE , Sept. 7, 2023 /PRNewswire/ -- Zillow is simplifying another step in the renting journey by introducing renters insurance in partnership with Homesite.

Protect what you love: Renters can now purchase renters insurance on Zillow

Zillow's stock price is currently trading at a discount, presenting an attractive entry point for investors. Despite challenges in the real estate sector, Zillow has demonstrated resilience and outperformed its peers, indicating its long-term potential. As the housing market stabilizes, Zillow is poised to regain market share and generate substantial free cash flow, making it an appealing choice for value-oriented investors.

Zillow: Resilience Shines Amid Housing Market Uncertainties

The program is starting in Arizona, with plans to expand to more markets.

News for Zillow Stock (ZG)