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Zillow shares soaring after the online real estate company reported sales that more than doubles year-over-year. Yahoo Finance's Akiko Fujita and Jared Blikre discuss.
Zillow’s shares soar after the online real estate company beat revenue estimates for the third-quarter. Yahoo Finance’s Dan Roberts, Julia La Roche and Heidi Chung discuss on YFi AM.
Dropbox reported earnings that topped revenue estimates, Zillow Group gives an upbeat forecast, and Planet Fitness reports third quarter earnings and revenue that beat estimates. Yahoo Finance's Ines Ferre reports from the floor of the New York Stock Exchange.
Woody Marshall, General Partner at TCV By John Jannarone Investing in a growth company requires a view that a business can be fundamentally profitable over an extended time horizon. But in some cases, public-market investors simply don’t have the patience to see a business blossom. That’s according to Woody Marshall, General Partner at Menlo Park-Based […]
Clearwater and St. Petersburg are among markets where home prices are expected to skyrocket in the next decade, according to a recent report by GoBankingRates. The report looked at the top 300 biggest cities in the U.S. and evaluated each market based on Zillow’s one-year forecast to project their growth in home prices over the next 10 years. From there, they identified the cities where the change would bring the market’s median home value above the national median, which currently sits at $231,000.
SEATTLE, Nov. 18, 2019 /PRNewswire/ -- Zillow Group, which is transforming the way people buy, sell, rent and finance homes by creating seamless transactions for today's on-demand consumer, today announced that Greg Schwartz, president of media and marketplaces, is stepping down to take a professional break. The businesses that currently report to Schwartz in the Mortgages and Internet, Media and Technology (IMT) segments are being transitioned to other senior executives to further align key company operations to deliver a seamless, Zillow-branded, real estate transaction experience. Zillow Group's IMT segment beat financial expectations in the third quarter of 2019, and expanded margins through operating leverage in the first nine months of the year, driven primarily by solid performance in Premier Agent.
“Do you know how hard it is to create a culture of frugality — in Silicon Valley? It’s very difficult,” the CEO said in discussing the company's cost-cutting measures inspired by Amazon.
Beginning next year, residential real estate agents in Denver and across the country won’t be able to tease coming-soon listings — including on social media — unless they’re ready to publish that listing on their respective multiple listing service platforms within one business day. The “clear cooperation” rule was approved in a 729-70 vote by the board of directors of the National Association of Realtors in San Francisco on Monday in an effort to curb "pocket listings," or the practice of not making listings publicly available in hopes of tapping networks and increasing the chances of scoring both sides of a commission. The new rule — which has drawn criticism from brokers who say NAR is dictating how they should do business and praise from agents who argue pocket listings possibly discriminate against buyers and create an uneven playing field, especially for agents at smaller brokerages — doesn’t prevent agents from privately marketing a listing among their peers within their own brokerage if there are seller privacy concerns.
- Two-thirds of renters make one or more financial sacrifices to afford their rent, and the share is higher for younger renters and those with debt. - A quarter of renters say affording rent is difficult or very difficult, and about half say they would not be able to cover an unexpected $1,000 expense. - Parents more often make sacrifices than renters without children in the home.
The latest spike in long-term bond yields may be negative for housing ETFs, but gradual adoption of technology in the space could prove to be a shot in the arm.
A webcast of Rich Barton's fireside chat with Mark Mahaney will be made available on Zillow Group's investor relations website SEATTLE , Nov. 11, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), ...
During the third quarter, Zillow launched Offers in about one market every two weeks. The 18-month-old direct homebuying platform is now in 21 markets.
(Bloomberg) -- Zillow Group Inc. surged the most in six months after the company posted quarterly revenue that beat estimates, buoyed by its online marketing and home-flipping businesses.Zillow is juggling big changes to its business model, using advertising sales to fund a push into buying and selling homes. It sold 1,211 homes in the third quarter, generating $385 million, up from just $11 million in the same period last year.The company posted third-quarter revenue of $745 million, exceeding the average analyst estimate of $718 million. The rapid growth of Zillow Offers, the algorithm-driven spin on home-flipping, has come with mounting losses. The company reported a net loss of $65 million, with the results weighed down by the new business. Still, investors appeared willing to focus on revenue growth in the quarter.“The great thing about Zillow is that we have this core business that is extremely profitable,” Chief Executive Officer Rich Barton said in an interview. “That money has been fueling our really rapid growth into Zillow Offers.”The shares jumped as much 15% to $38.74 on Friday, the biggest intraday gain since May 10. The stock had gained 7% this year through Thursday’s close, trailing the 23% gain for the S&P 500.Zillow Gains as Results Are Heartening Despite ‘Long Road Ahead’Premier Agent, the company’s online marketing business, generated $241 million in revenue for the quarter and has stabilized after unpopular changes led to an agent revolt last year.To contact the reporter on this story: Patrick Clark in New York at email@example.comTo contact the editor responsible for this story: Craig Giammona at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
While working in the Obama administration, Racquel Russell became a key figure in the passage of the Affordable Care Act. Now she’s at Zillow tackling affordable housing.
The real estate platform posts better-than-expected third-quarter revenue on the back of strong results at its home-flipping business.
Zillow Group Inc. shares gained more than 10% in after-hours trading Thursday after the online real-estate company reported that sales more than doubled from the year before in the most recent quarter thanks to the company's push to buy and sell homes. Zillow reported a loss of $64.6 million, or 31 cents a share, on sales of $745.2 million, up from $343.1 million a year ago. Analysts on average expected a loss of 43 cents a share on sales of $718 million, according to FactSet. The big sales boost came from the Zillow Offers business, which launched in 8 new markets in the quarter for a total of 26, but it also pushed the company to a loss by posting a net loss of $87.9 million on sales of $384.6 million. The company reported adjusted Ebitda of $15.8 million, down from $66.2 million a year ago but ahead of the average analyst projection for a loss of $7 million. Zillow stock closed with a 0.6% decline at $33.44, then topped $38 in extended trading after the results were released.
Results reflect expanded margins in Zillow Group's IMT segment and sharp focus on Zillow Offers execution SEATTLE , Nov. 7, 2019 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming ...
Rent and mortgages are more affordable for active-duty military and veteran households than the average household in all but three metros, and homes are more affordable to veteran households in all major ...
Google, Microsoft and Tesla are all expanding or looking at expanding in Atlanta. And no market in Atlanta is absorbing more office space this year than Midtown.
On the surface it may not seem like a big deal, but it's a problem for agents because they know many potential buyers use Zillow to search for homes.
With Austin struggling to add enough housing to meet demand, suburban areas on its periphery have seen home values skyrocket. It's great from an investment standpoint. But in many of these outlying areas, prices are still much lower than in Austin's core, so there is still plenty of room to grow.
SEATTLE , Oct. 29, 2019 /CNW/ -- Zillow®, the leading real estate and rental marketplace in the U.S., launched Canadian new construction listings on Zillow.com and Zillow's mobile app to increase connections between builders and home shoppers. Brookfield Residential, a leading North American home builder, is the first builder to have its homes displayed on Zillow in Canada . Brookfield Residential joins more than 250 Canadian brokerages and franchisors that have signed agreements to display listings on Zillow.com and Zillow's mobile app.
Zillow analysis finds most states don't require home sellers to disclose paranormal activity to buyers SEATTLE , Oct. 29, 2019 /PRNewswire/ -- Your dream home may be haunted, and in most states, sellers ...