Home prices in the United States, which are showing signs of cooling following a pandemic-recovery spike, are now expected to rise at a slower rate than previously predicted, according to real estate marketplace firm Zillow. In its March report, Zillow predicted home prices would rise 17.8 percent year-over-year by February 2023. In its latest forecast…
Zillow Revises Home Price Appreciation Forecast, New Prediction Down 8 Points
Zillow’s (Near) $1 Billion Blowout: What’s the Lesson?
March 14, 2022
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Commentary According to the Wall Street Journal, “Zillow Group said on Thursday that it lost $881 million on its algorithmic-driven home-flipping business last year in its first earnings report since the real-estate company shut down that operation in the fall.” The emphasis is, naturally, mine because, frankly, it’s mind-boggling. Zillow accounts for nearly a third…
Zillow Predicts Hottest Housing Markets for 2022 and Those That Are Fastest Cooling
January 6, 2022
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The hottest housing markets of 2022 will be spread across the Sun Belt for the second year in a row, with Tampa topping the list, predict experts with online real estate giant Zillow. Rounding out the Top 10 super-hot home-buying markets are Jacksonville, Raleigh, San Antonio, Charlotte, Nashville, Atlanta, Phoenix, Orlando and Austin. With far…
Zillow Faces Shareholder Lawsuit Over Folded House Flipping Effort
November 18, 2021
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Real estate company Zillow faces a federal lawsuit claiming the company misled investors, leading to financial losses as it ended its house flipping program. The lawsuit was filed Tuesday in the U.S. District Court for the Western District of Washington at Seattle. The case is the first federal filing, joining two Boston-area firms in legal…
Could Opendoor, Offerpad See Surge With Zillow Exiting Homebuying?
One of the top investing stories of last week was the announcement from Zillow Group Inc. that it is exiting the home buying business. While the news is a negative for Zillow, it could benefit two competitors that went public via SPAC merger. What Happened Zillow announced as part of its third-quarter financial results that…
Zillow Stock Sinks After Q3 Earnings: 7 Analysts React to iBuying Shutdown
Zillow Group Inc. shares plunged 24.5 percent on Wednesday after the company reported an unexpected third-quarter loss and said it will be winding down its home-buying business. Zillow reported a third-quarter adjusted earnings per share (EPS) loss of 95 cents on revenue of $1.74 billion. Both numbers missed consensus analyst estimates of a 16-cent profit…
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