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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

Concessions cool as spring rental season approaches

Rhea-AI Summary
Zillow's latest data indicates a shift in the rental market, with fewer concessions offered to tenants compared to the previous winter. Despite the decrease, the market remains more tenant-friendly than a year ago, with a 5.6 percentage point rise in concessions. The rental market shows signs of stabilization as the share of rentals offering concessions slightly dropped to 32.2% in February. Certain metros continue to lead with high concession shares, reflecting diverse strategies to attract tenants.
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Varo Bank Welcomes Allen Parker as Chief Financial Officer, Promotes Raktim Mitra to Chief Lending Officer

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Varo Bank, N.A. appoints Allen Parker as the new Chief Financial Officer and promotes Raktim Mitra to Chief Lending Officer, leveraging their extensive experience from companies like Zillow, Amazon, Goldman Sachs, and Lending Club.
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Influx of sellers arrives just in time for spring season

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Zillow reports a 21% annual increase in new listings, with total inventory up by 12% nationally. Despite more choices for buyers, stiff competition remains for attractive listings. The typical home value in the U.S. is $349,216, up 40.8% from before the pandemic.
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Homes listed for sale in early June sell for $7,700 more

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Zillow research indicates a potential second wave in the spring home-shopping season due to falling mortgage rates. Homes listed in the first two weeks of June sold for 2.3% more in 2023, with the best time to list now in June. Mortgage rate fluctuations play a significant role in influencing demand and sale prices.
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Home buyers need to earn $47,000 more than in 2020

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Zillow analysis reveals that the income required to afford a home comfortably has surged by 80% since 2020, with a median income increase of 23%. Homebuyers now need over $106,000 annually, almost double the mortgage payment from two years ago. Pittsburgh, Memphis, and Cleveland are the most affordable markets, while California households face the highest affordability challenges.
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Zillow Group CFO to Present at 2024 Morgan Stanley Technology, Media & Telecom Conference

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Zillow Group, Inc. CFO Jeremy Hofmann to participate in fireside chat at the 2024 Morgan Stanley Conference. The event will be live-streamed on Zillow's Investor Relations website.
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Gap between Black and white renting families who could afford a mortgage narrowed significantly during the pandemic

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A Zillow report highlights the narrowing racial mortgage affordability gap but emphasizes non-income-related factors affecting Black-white homeownership disparities. Despite progress, Black households still face disproportionate mortgage denials and barriers to homeownership.
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Home shopping early may pay off as price cuts abound

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Zillow's latest market report reveals that well-priced homes are selling quickly, with new listings and total inventory slightly up from last year. Buyers and sellers should brace for a competitive spring season.
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Zillow Group Reports Fourth-Quarter and Full-Year 2023 Financial Results

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Zillow Group, Inc. reported strong financial results for Q4 2023, with revenue of $474 million, exceeding expectations. Residential revenue was up 3%, rentals revenue increased by 37%, and mortgages revenue grew by 22% year over year. The company's net loss was $73 million in Q4. Adjusted EBITDA was $69 million, surpassing the outlook by $19 million. Cash and investments stood at $2.8 billion at the end of Q4. Traffic to Zillow's mobile apps and sites totaled 194 million average monthly unique users in Q4.
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Renting alone? The 'singles tax' now exceeds $7,000

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Zillow's latest findings highlight the increasing 'singles tax' burden on solo renters, with a national average of $7,110 per year. In New York City, this cost rises to $20,100 annually. Zillow now offers a solution by allowing users to list and search for individual rooms to reduce housing expenses.
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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 $77.09 as of December 20, 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 17.7B.

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.

Stock Z logo
Zillow Group, Inc. Class C Capital Stock

Nasdaq:Z

Z Rankings

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

Z Stock Data

17.68B
214.93M
6.05%
98.08%
5.15%
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United States of America
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