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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 analysis reveals Texas and California as top destinations for Gen Z movers, despite California experiencing high outbound migration. Gen Z adults prefer job opportunities over affordability, leading to net gains in these states. Renters in California, Washington, Colorado, and Virginia pay higher than the national median rent, attracted by tech jobs and military service opportunities.
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Zillow has announced a new feature allowing renters and homeowners to list individual rooms for rent, aiming to help alleviate the financial burden of housing expenses. This comes as U.S. rents have surged nearly 30% since the pandemic, with 50% of renters spending 30% or more of their income on rent and utilities. The new listing option particularly benefits Gen Z and millennial renters, who make up more than half of the U.S. rental market.
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A new Zillow survey challenges the conventional order of love, marriage, and homeownership, revealing that over 2 in 5 recent home buyers found love after purchasing their new home. The share is even higher for Gen Z, millennial, and first-time buyers. Contrary to the made-for-TV romance movie trope, recent buyers are more than twice as likely to find love in the big city than in the country. Nearly 70% of recent buyers who found love after their move reported buying in an urban area, compared to only 33% in a rural area and 22% in the suburbs.
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Zillow introduces Zillow Immerse, a new spatial touring experience for home listings on Apple Vision Pro, integrating 3D tours and interactive floor plans to enhance the home buying experience. The AI-powered interactive floor plan helps users better understand the layout and flow of a home, aligning with the preferences of home shoppers. Zillow Immerse is designed for Apple Vision Pro utilizing Listing Showcase listings, offering real estate agents the tools to highlight a home's best features and give buyers a deep understanding of the home before they ever step inside.
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A new survey from Zillow finds that Travis Kelce is the most desirable next-door neighbor among professional football players, beating out his teammate Patrick Mahomes. Snoop Dogg is the most preferred halftime performer, while Terry Bradshaw is the most desirable football broadcaster. The survey also reveals that 60% of Americans could be friends with a neighbor who supports a rival football team.
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Zillow Group, Inc. (Nasdaq: Z and ZG) will release its fourth-quarter and full-year 2023 financial results on Feb. 13, 2024, after market close. The company will host a conference call and webcast to discuss the results on the same day at 2 p.m. PT / 5 p.m. ET.
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Zillow introduces a new feature allowing renters to have their on-time payments reported to a major national credit bureau, helping them build credit history at no cost. The program aims to address the issue of renters' substantial payments often not being reported, especially in credit-insecure communities, potentially impacting their access to financial opportunities.
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Zillow's latest monthly report indicates a 21% increase in homeowners considering selling their homes, with monthly mortgage payments down $143, making home purchases more affordable. Despite the improvement in inventory levels, competition for homes remains high.
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Zillow Group (Z) reappoints Bill Gurley, a prominent venture capitalist and partner at Benchmark Capital, to its Board of Directors. Gurley previously served on the Board from 2005 to 2015. Zillow co-founder and CEO Rich Barton welcomes Gurley's return, emphasizing his invaluable contributions and expertise. Gurley expresses excitement about Zillow's growth and potential in transforming the real estate industry.
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Zillow study shows households moving to more affordable metro areas, saving $7,500 on average. Charlotte, Providence, and Indianapolis saw highest net in-migration. Chicago, San Diego, and Cincinnati had the most outbound moves. Affordability continues to be a major factor in migration patterns, with record-high housing costs driving the trend.
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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.
Zillow Group, Inc. Class C Capital Stock
Nasdaq:Z
Z Rankings
Z Stock Data
16.92B
173.02M
5.58%
99.51%
6.26%
Internet Content & Information
Services-business Services, Nec
United States of America
SEATTLE