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Zillow Group, Inc. Class C Capital Stock - Z STOCK NEWS

Welcome to our dedicated page for Zillow Group Class C Capital Stock news (Ticker: Z), a resource for investors and traders seeking the latest updates and insights on Zillow Group Class C Capital Stock stock.

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

News

Zillow Group Reports First-Quarter 2024 Financial Results

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Zillow Group, Inc. reported its first-quarter 2024 financial results, showcasing revenue growth across its residential, rentals, and mortgages segments. The company exceeded revenue and Adjusted EBITDA expectations, with Q1 revenue reaching $529 million, a 13% increase year over year. The net loss was $23 million, representing 4% of total revenue in Q1. Zillow's strong performance was driven by its focus on software integration and audience engagement. The company's cash and investments stood at $2.9 billion at the end of Q1.

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BIPOC renters hit hardest by high rent costs

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A new Zillow report reveals significant racial disparities in rent affordability in the U.S., with BIPOC households spending 34% of their income on rent compared to 29% for white households. The report also highlights a shortage of housing assistance, with only 2.4 million vouchers available for 19 million qualifying households. Zillow's new listing feature aims to inform renters of their rights and combat source-of-income discrimination.

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Across 26 US metros, majority of people say they have experienced housing discrimination

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A recent Zillow survey revealed that 57% of respondents across 26 US metros have experienced housing discrimination, with LGBTQ+ individuals reporting the highest instances. Despite this, less than half of respondents see fair housing as important, indicating a need for increased education.
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Showcase listings on Zillow are more than just cutting-edge -- featured homes sell faster and for more money

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Zillow's new Showcase listings, powered by AI, are revolutionizing the real estate market by selling homes faster and for higher prices. According to Zillow data, Showcase listings are 20% more likely to secure an accepted offer within 14 days and sell for 2% more, translating to over $9,000 on average. These listings attract more views, saves, and shares, standing out with high-quality 3D tours and interactive floor plans.
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Home values rising fastest in costliest metros

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Home values are rising fastest in the costliest metros, with competition stiff for attractive listings. Seasonal home value growth is highest in West Coast tech hubs, while more than 1 in 5 sellers cut prices in March. Buyers in expensive metros are facing bidding wars and choices, leading to fast price growth.
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Zillow Group to Announce First-Quarter 2024 Results May 1

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Zillow Group, Inc. (Z) to release first-quarter 2024 financial results and host conference call.
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Boomers in Pittsburgh are least likely to be locked-in by mortgage rates, among major metros

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Zillow research reveals that Pittsburgh, Buffalo, and Cleveland have the highest percentage of homeowners without mortgages among the top 50 U.S. metros. Baby boomers are the least affected by rate lock, with 17% mortgage-free compared to 6% of millennials. Gen Z, with lower home equity, is expected to stay put. Boomer homeowners in Pittsburgh show resilience against high mortgage rates.
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Zillow names this year's best markets for first-time home buyers

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The Zillow analysis reveals St. Louis as the top market for first-time home buyers in 2023, with half of the top 10 markets located in the Midwest. First-time buyers constituted 50% of all home buyers last year, the highest share since 2017. Factors such as rent affordability, available listings, and competition levels determine the rankings. Zillow's Senior Economist highlights the challenges faced by first-time buyers but anticipates an easing of market conditions. The report emphasizes the importance of financial readiness and pre-approval for a home loan, with an increase in new listings expected to benefit buyers.
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The US has a record-high 550 'million-dollar' cities

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Zillow analysis reveals a record-high 550 'million-dollar' cities in the U.S. as home values rise due to low inventory. California leads with 210 such cities, followed by New York and New Jersey. Affordability challenges persist, but new listings are increasing, potentially driving prices higher.
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Tricked-out backyards can help homes sell for $10,000 more

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Zillow's latest research reveals that homes with trendy features like outdoor TVs and plant ledges can sell faster and for higher prices. New and modern amenities such as soapstone countertops and beverage centers are becoming more desirable, while older features like quartz counters are losing appeal. The study highlights the impact of specific home features on sale prices and speed, emphasizing the importance of keeping homes up-to-date to attract buyers.
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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 $73.04 as of November 15, 2024.

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 16.9B.

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.

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Zillow Group, Inc. Class C Capital Stock

Nasdaq:Z

Z Rankings

#614 Ranked by Market Cap
N/A Ranked by Dividends

Z Stock Data

16.92B
173.02M
5.58%
99.51%
6.26%
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