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. (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 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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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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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, 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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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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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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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, 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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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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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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FAQ
What is the current stock price of Zillow Group (Z)?
The current stock price of Zillow Group (Z) is $76.66 as of February 28, 2025.
What is the market cap of Zillow Group (Z)?
The market cap of Zillow Group (Z) is approximately 18.5B.
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
Nasdaq:Z
Z Rankings
Z Stock Data
18.51B
223.54M
5.9%
95.92%
4.52%
Internet Content & Information
Services-business Services, Nec
United States
SEATTLE