Welcome to our dedicated page for Zillow Group news (Ticker: Z), a resource for investors and traders seeking the latest updates and insights on Zillow Group stock.
Zillow Group, Inc. (Z) is a leader in technology-driven real estate solutions, connecting millions with housing market insights, and digital transaction tools. This page serves as your definitive source for all official Zillow news, including press releases, financial updates, and strategic developments.
Access real-time updates on earnings reports, product innovations, and market expansions alongside analysis of Zillow’s role in advancing real estate technology. Investors will find essential announcements about leadership changes, partnership agreements, and operational milestones that shape the company’s trajectory in residential and rental markets.
Our curated collection includes updates on Zillow’s AI-powered platforms, brand ecosystem developments (including Trulia and StreetEasy), and regulatory filings. Whether tracking quarterly performance or exploring how Zillow integrates 3D home tours and predictive analytics into its services, this resource delivers actionable information for stakeholders at all levels.
Bookmark this page to stay informed on Zillow’s evolving strategies in property technology and its impact on modern real estate transactions. Visit regularly for unfiltered access to the announcements driving one of the sector’s most influential digital marketplaces.
Zillow has launched a new feature called Homes to Compare, available on its mobile app and website, allowing users to compare up to five home listings side-by-side. This tool highlights over 70 key details, including price and square footage, to streamline the home-buying process. Zillow's research indicates that one-third of first-time home buyers feel dissatisfied with existing comparison options. The new feature aims to alleviate stress in home shopping, especially as buyers face rising prices and low inventory. Zillow continues to innovate with technology-driven solutions to enhance user experience.
Zillow Group (NASDAQ: Z, ZG) will participate in the Wedbush Real Estate Technology Conference on March 3, 2022, at 10 a.m. PT / 1 p.m. ET. CEO Rich Barton will be featured in a fireside chat moderated by Ygal Arounian. Attendees are encouraged to register in advance for the event. Both live and replay webcasts will be accessible on Zillow's Investor Relations website. Zillow is a leading online real estate platform in the U.S., offering services for buying, selling, renting, and financing homes.
The latest Zillow report reveals a record-low inventory and unprecedented price growth in the housing market. The Zillow Home Value Index (ZHVI) reached $325,677, rising 1.5% from December to January and 19.9% year-over-year, marking a 20-year high. Active inventory dropped 13%, significantly affecting buyer options, with January listings the lowest since 2019. Despite these challenges, home sales in January remain similar to peak levels in 2021. Rent growth decelerated to 0.1% monthly but year-over-year rent increased 15.9%.
Zillow data reveals that 146 U.S. cities achieved million-dollar city status in 2021, nearly tripling the count from 2020. The total now stands at 481 cities, with projections indicating 49 more may join by midyear. The surge in home values saw an average appreciation of 19.6%. Coastal regions dominate, with New York and San Francisco each housing 76 cities. Indian Creek, Florida tops the list as the most expensive city with a typical home value of $28.3 million, followed by Atherton, California at $7.7 million.
Zillow Group reported Q4 2021 revenue of $3.9 billion, surpassing expectations, with full-year revenue reaching $8.1 billion. The IMT segment saw a 14% year-over-year revenue increase, while Homes segment revenue hit $3.3 billion. Despite strong revenue growth, Zillow faced a consolidated net loss of $261 million for Q4 and $528 million for the full year. The company emphasizes its potential for future growth, noting that only 3% of customer transactions generated revenue in 2021. The cash reserves decreased slightly to $3.1 billion due to share repurchases.
SEATTLE, Feb. 8, 2022 /PRNewswire/ -- A Zillow survey indicates that 75% of recent home buyers have at least one regret about their purchase. The most common regrets include buying homes needing more work (32%) and homes that are too small (31%). Despite the challenges of the current market, where inventory is low and home values surged nearly 20% in 2021, buyers often had to compromise. Zillow emphasizes the importance of understanding needs versus wants during the home-buying process, using tools like interactive floor plans and location metrics.
A recent Zillow survey reveals that 80% of Americans love their homes. However, 34% of recent movers find it harder to buy a house than to find a spouse. The survey indicates that women enjoy home shopping more than men (62% vs. 39%). While 76% believe they can successfully use an app to find a home, only 24% feel the same about dating. Most homeowners cherish memories (82%) and location (77%) as reasons for loving their homes. Despite challenges, shoppers can successfully navigate the competitive housing market using tools like Zillow's interactive floor plans.
In 2021, the U.S. housing market gained a record $6.9 trillion, boosting total value to $43.4 trillion. This marked a 19.6% increase in home values, the highest since 2001. Zillow economists predict continued strong demand in 2022. California holds 21.3% of the national housing value, increasing by $1.4 trillion. New York saw its market share dip to 7.3%. Notably, states like Florida, Texas, and Colorado expanded their share in the housing market, while New York experienced the largest decline.
