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.

US home prices are set to surge as high mortgage rates keep inventory tight, Zillow says. The real estate listings site predicted a 6.5% increase in home prices by July 2024.

Zillow thinks US home prices are set to surge more than 6% in the next year

Zillow launched a down payment program to try and entice more homebuyers into the marketplace. The program is touted as a way to reduce the time buyers need to save to buy a home.

Zillow offers 1% down payment program: Here's how it works

Zillow thinks it has an answer to the affordability crisis that has taken over the housing market. The company is offering prospective homebuyers the option to put a 1% down payment on a house.

The housing market has gotten so unaffordable that Zillow is now offering prospective homebuyers a 1% down payment option

Zillow announced that it's offering mortgages with a 1% down payment to US homebuyers who are being squeezed by mortgage rates that are more than double what they were just two years ago and their highest level since 2001.

Zillow offers 1% down payment to lure homebuyers as mortgage rates hit 22-year high

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

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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).

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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.

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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

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