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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
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
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News
Home buyers need to earn $47,000 more than in 2020
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.65%
Tags
none
-
News
Zillow Group CFO to Present at 2024 Morgan Stanley Technology, Media & Telecom Conference
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.65%
Tags
conferences
News
Gap between Black and white renting families who could afford a mortgage narrowed significantly during the pandemic
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
none
-
News
Home shopping early may pay off as price cuts abound
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.76%
Tags
none
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News
Zillow Group Reports Fourth-Quarter and Full-Year 2023 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.76%
Tags
earnings
News
Renting alone? The 'singles tax' now exceeds $7,000
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
Tags
none
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News
Top 10 states to which Gen Zers are moving (and the states they are leaving)
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.36%
Tags
none
-
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
none
News
Home is where the heart is: 42% of recent home buyers find love after moving
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
none
Stock ZG logo
Zillow Group Inc

Nasdaq:ZG

ZG Rankings

#799 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