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Zillow Group, Inc. (Nasdaq: Z and ZG) is a pioneering American tech real-estate marketplace company, founded in 2006, that revolutionizes the way people buy, sell, rent, and finance homes. Headquartered in Seattle, Zillow is the most visited real estate website in the United States, providing an on-demand experience with transparency and ease. The company generates revenue primarily through advertising on its platform and has partnered with over 180 newspapers nationwide as part of the Zillow Newspaper Consortium, extending its market reach locally.
Zillow Group combines innovative technology with high-quality service, working closely with real estate agents, brokers, builders, property managers, and landlords. The company offers a comprehensive suite of brands including Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime+, Spruce, and Follow Up Boss.
In recent news, Zillow's data analysis has highlighted key insights for home sellers and buyers. For instance, homes listed in the first two weeks of June have sold for 2.3% more on average, providing a significant boost to typical U.S. home prices. The company also found that homes featuring elements inspired by TikTok trends, such as plant ledges and rounded corners, sell faster. Moreover, Zillow's research indicates a rise in
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Zillow (Z) - Rental Concessions Surge Amid New Construction Boom
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Zillow®: More than half of young home buyers consider renting out all or a portion of their home to produce additional income. Latinx buyers are more strongly inclined to rent out a portion of their homes than all other racial groups. Young home buyers, particularly Millennials and Gen Z, are increasingly interested in 'house hacking' by renting out part or all of their home for extra cash. Zillow's 2023 Consumer Housing Trends Report reveals that most Millennial (55%) and Gen Z (51%) buyers find it very or extremely important to have the opportunity to rent out part of their home for extra income while living in it. Additionally, more than half of Millennial (59%) and Gen Z (54%) buyers say it's highly important to be able to rent out the entire home in the future. The report also highlights the disproportionate impact of the affordability crisis on households of color, with Latinx homebuyers expressing the highest interest in rental income. Zillow offers a suite of tools through Zillow Rental Manager to empower homeowners looking to generate income, including free listings, pricing suggestions, background checks, online applications, and state-specific lease generation.
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Zillow (Z) Reports Recovering Inventory Deficit Amid Strong Competition in the U.S. Housing Market
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Zillow Research reveals that lack of credit access is preventing many renters, especially Black families, from homeownership despite lower mortgage payments. Credit insecurity is prevalent in Black neighborhoods, limiting traditional credit building. The analysis includes maps showing the link between credit insecurity, Black population, and higher rent. New Orleans has the widest income-adjusted gap between rent and mortgage payments in credit-insecure areas. Policymakers can address the issue by encouraging reporting of positive rent payments, improving awareness of down payment assistance, and supporting policies that build more affordable homes.
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Zillow Group reports positive growth despite a 14% decline in the residential real estate industry. Q3 revenue was $496 million, up 3% YoY. Rentals revenue increased by 34%, driven by multifamily revenue growth of 42%. Mortgages revenue decreased by 8%. Net loss was $28 million. Q3 Adjusted EBITDA was $107 million, $30 million above expectations. Zillow announced an agreement to acquire Follow Up Boss for $400 million in cash.
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Zillow Group has agreed to acquire Follow Up Boss, a customer relationship management (CRM) system for real estate professionals. The acquisition will allow Follow Up Boss to invest further in improving its product offerings while remaining an independent brand. Zillow Group will continue to support third-party CRM integrations on the Zillow Premier Agent app. The acquisition purchase price includes $400 million of initial cash consideration and up to $100 million in a potential cash earnout.
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Zillow survey finds 35% of prospective buyers would buy a haunted house if it cost less
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Zillow launches an update to improve the look and feel of for-sale property listings on its website and app.
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Zillow Home Loans and The Knot find that the share of couples including 'home funds' in their wedding registry has increased 55%. Nearly 20% of all couples registered on The Knot are asking for help with the down payment on their first home.
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Zillow identifies emerging home trends for 2024
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FAQ
What is the current stock price of Zillow Group Class C Capital Stock (Z)?
The current stock price of Zillow Group Class C Capital Stock (Z) is $79.91 as of January 23, 2025.
What is the market cap of Zillow Group Class C Capital Stock (Z)?
The market cap of Zillow Group Class C Capital Stock (Z) is approximately 18.8B.
What does Zillow Group, Inc. do?
Zillow Group, Inc. is a tech real-estate marketplace company that facilitates buying, selling, renting, and financing homes with transparency and ease.
How does Zillow generate revenue?
Zillow generates revenue primarily by selling advertising on its website.
What brands are under Zillow Group?
Zillow Group's brands include Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime+, Spruce, and Follow Up Boss.
What recent news is associated with Zillow?
Recent news includes data analysis on optimal home selling times, insights on home features that sell faster, and a rise in 'million-dollar' cities.
How is Zillow addressing housing discrimination?
Zillow includes information on down payment assistance programs and has tools like LGBTQ+ Local Legal Protections to help identify supportive jurisdictions.
What are some of Zillow's innovative technologies?
Zillow utilizes AI-powered listings, interactive floor plans, and immersive 3D tours to enhance user experience.
How does Zillow support home buyers and sellers?
Zillow connects users with digital solutions, dedicated partners, and agents, offering easier buying, selling, financing, and renting experiences.
What financial achievements has Zillow recently reported?
Zillow has reported strong revenue numbers and continues to outperform the residential real estate industry by expanding its market coverage.
How can sellers maximize their home sale price according to Zillow?
Zillow data suggests listing homes in the first two weeks of June can earn a 2.3% higher sale price. Highlighting trendy features can also speed up sales.
What is Zillow's approach to market trends and research?
Zillow conducts comprehensive market research to provide insights on home pricing, optimal selling times, and features that attract buyers.
Zillow Group, Inc. Class C Capital Stock
Nasdaq:Z
Z Rankings
Z Stock Data
18.84B
219.30M
5.9%
95.63%
5.09%
Internet Content & Information
Services-business Services, Nec
United States of America
SEATTLE