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Zillow Group Inc - ZG STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Zillow Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Zillow Group's position in the market.

News
Showcase listings on Zillow are more than just cutting-edge -- featured homes sell faster and for more money
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
Tags
none
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News
Home values rising fastest in costliest metros
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.86%
Tags
none
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News
Zillow Group to Announce First-Quarter 2024 Results May 1
Rhea-AI Summary
Zillow Group, Inc. (Z) to release first-quarter 2024 financial results and host conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
earnings
News
Boomers in Pittsburgh are least likely to be locked-in by mortgage rates, among major metros
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.67%
Tags
none
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News
Zillow names this year's best markets for first-time home buyers
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
none
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News
The US has a record-high 550 'million-dollar' cities
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.82%
Tags
none
News
Tricked-out backyards can help homes sell for $10,000 more
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.74%
Tags
none
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
Tags
none
-
News
Influx of sellers arrives just in time for spring season
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
Tags
none
News
Homes listed for sale in early June sell for $7,700 more
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.48%
Tags
none
Stock ZG logo
Zillow Group Inc

Nasdaq:ZG

ZG Rankings

#803 Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

ZG Stock Data

10.32B
162.27M
2.67%
88.13%
0.8%
All Other Business Support Services
Administrative and Support and Waste Management and Remediation Services
Link
US
Seattle

About ZG

zillow group houses a portfolio of the largest and most vibrant real estate and home-related brands on the web and mobile. the company’s brands focus on all stages of the home lifecycle: renting, buying, selling, financing and home improvement. zillow group is committed to empowering consumers with unparalleled data, inspiration and knowledge around homes, and connecting them with the right local professionals to help. in addition, zillow group works with tens of thousands of real estate agents, lenders and rental professionals, helping maximize business opportunities and connect to millions of consumers. our portfolio includes: • zillow®, the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the place they call home, and connecting them with the best local professionals who can help. • trulia®, a vibrant home shopping marketplace, focused on giving home buyers, sellers and renters the information they need