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 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.

Zillow's stock drops 4% after real-estate company lowers revenue outlook

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

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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

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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.

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