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ZILLOW GROUP INC - ZG STOCK NEWS

Welcome to our dedicated page for ZILLOW GROUP news (Ticker: ZG), a resource for investors and traders seeking the latest updates and insights on ZILLOW GROUP stock.

Zillow Group, Inc. (Nasdaq: ZG) is a leading Internet-based real estate company that revolutionizes the way people buy, sell, rent, and finance homes. With a diverse portfolio of well-known brands such as Zillow, Trulia, StreetEasy, HotPads, and ShowingTime+, the company caters to all stages of the home lifecycle—renting, buying, selling, financing, and home improvement.

Core Business: Zillow Group operates the most visited real estate websites and mobile apps in the United States, empowering consumers with comprehensive data, inspiration, and knowledge about homes while connecting them with local professionals. The company also collaborates with tens of thousands of real estate agents, lenders, builders, and rental professionals to maximize business opportunities and provide top-notch service to millions of consumers.

Recent Achievements and Current Projects: Zillow Group continually enhances its offerings through innovative technology and strategic partnerships. For instance, the company introduced Listing Showcase, an AI-powered immersive listing service that helps homes sell faster and at higher prices. Additionally, Zillow's research and analysis frequently provide valuable insights into market trends, such as identifying the best times to list homes for maximum sale prices.

Financial Condition: Zillow Group continues to post strong financial results, outperforming the residential real estate industry. The company's growth strategy focuses on expanding its market coverage and enhancing the digital home-buying experience through its housing super app. Recently, Zillow reported impressive revenue figures, reflecting its robust business model and commitment to innovation.

Notable Partnerships and Products: Zillow's extensive portfolio includes Zillow Premier Agent, Zillow Home Loans, and ShowingTime+, among others. The company's collaboration with local real estate agents and use of advanced technologies, such as interactive floor plans and 3D tours, enhance the home-shopping experience for consumers. Zillow also addresses fair housing issues by providing down payment assistance resources and advocating for equal housing opportunities.

Conclusion: Zillow Group, Inc. is at the forefront of the real estate industry, offering cutting-edge digital solutions and unparalleled data to help consumers navigate the complex home-buying process. With a strong financial foundation and a commitment to innovation, Zillow Group is well-positioned to continue transforming the real estate landscape.

News

Zillow expands rental marketplace with room listings, offering more affordable and flexible options

Rhea-AI Summary
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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Home is where the heart is: 42% of recent home buyers find love after moving

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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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Experience the future of home tours with Zillow Immerse on Apple Vision Pro

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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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Travis Kelce is the football player Americans most want as their neighbor

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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 to Announce Fourth-Quarter and Full-Year 2023 Results Feb. 13

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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 empowers renters with credit-building payment reporting

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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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Relaxed mortgage rates mean serious savings for buyers

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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 Reappoints Bill Gurley to Board of Directors

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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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Interstate movers chased affordability in 2023

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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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Buffalo charges to the top of Zillow's 2024 hottest markets list

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Zillow Forecasts Buffalo, Cincinnati, and Columbus as the Hottest Major Housing Markets in 2024
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FAQ

What is the current stock price of ZILLOW GROUP (ZG)?

The current stock price of ZILLOW GROUP (ZG) is $70.84 as of November 18, 2024.

What is the market cap of ZILLOW GROUP (ZG)?

The market cap of ZILLOW GROUP (ZG) is approximately 16.5B.

What is Zillow Group, Inc.?

Zillow Group, Inc. is an Internet-based real estate company that offers an on-demand experience for buying, selling, renting, and financing homes.

What brands are part of Zillow Group's portfolio?

Zillow Group's portfolio includes Zillow, Trulia, StreetEasy, HotPads, ShowingTime+, and more.

How does Zillow Group help consumers?

Zillow Group empowers consumers with comprehensive data, inspiration, and knowledge about homes, connecting them with local real estate professionals.

What recent innovations has Zillow Group introduced?

Zillow Group introduced Listing Showcase, an AI-powered immersive listing service that helps homes sell faster and at higher prices.

How does Zillow Group support the real estate industry?

Zillow Group works with tens of thousands of real estate agents, lenders, builders, and rental professionals to maximize business opportunities and provide top-notch service.

What financial results has Zillow Group reported recently?

Zillow Group has posted strong financial results, reflecting its robust business model and commitment to innovation, outperforming the residential real estate industry.

How does Zillow Group address fair housing issues?

Zillow Group provides down payment assistance resources, advocates for equal housing opportunities, and offers tools like the LGBTQ+ Local Legal Protections tool.

What are some of the key products and services offered by Zillow Group?

Key products and services include Zillow Premier Agent, Zillow Home Loans, interactive floor plans, 3D tours, and ShowingTime+.

What is Listing Showcase by Zillow?

Listing Showcase is an AI-powered immersive listing service introduced by Zillow that helps homes sell faster and for higher prices.

How can I find more information about Zillow Group's financial results?

You can find detailed financial results on Zillow Group's Investor Relations website at https://investors.zillowgroup.com.

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ZILLOW GROUP INC

Nasdaq:ZG

ZG Rankings

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

ZG Stock Data

16.46B
215.73M
2.94%
85.86%
0.47%
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