"The introduction of Showcase listings on Zillow has been a game changer for sellers — it represents the future of property listings on the most visited real estate website in the U.S.," said Zillow Chief Operating Officer Jeremy Wacksman. "And it's quite clear Showcase listings both attract shoppers and help sellers net a higher asking price. In today's spring shopping season, well-marketed and well-priced homes move quickly, and Showcase is helping to do just that." As the selling season gets into full sw ...

Inventory and rate lock are deciding factors in market competition this spring Competition is stiff for attractive listings; homes that sold in March did so in just 13 days.  Seasonal home value growth is fastest in the most expensive major metros — all West Coast tech hubs. More than 1 in 5 sellers cut prices in March, the highest share in more than a decade. SEATTLE, April 15, 2024 /PRNewswire/ -- Those shopping for homes this spring are feeling vastly different levels of market heat depending on where th ...

Zillow (NASDAQ:Z) stock is a hot topic on Wednesday as the real estate platform company’s shares get updated coverage from Jefferies analysts.Jefferies analyst John Colantuoni updated his price target for Z stock from $70 per share to $75 per share. That’s a potential upside of 31.2% over the stock’s prior closing price. It’s also well above the analysts’ consensus price prediction of $58.75 per share.The Jefferies maintained a “buy” rating for Z stock in this latest coverage. That’s a bullish stance next t ...

Bad news for Zillow's key customers created concern around the company's future performance.Shares of Zillow Group (Z 0.61%) dropped 11.5% in March, according to data provided by S&P Global Market Intelligence. News broke that realtor commissions would be fundamentally changed moving forward, sparking fears of lower demand for Zillow's services.The real estate industry is set for major changesLast month, the National Association of Realtors (NAR) announced that a legal settlement is expected to result in a ...

Conference call to be webcast live at 2 p.m. PT / 5 p.m. ET SEATTLE, April 8, 2024  /PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG) announced today it will release first-quarter 2024 financial results after market close on Wednesday, May 1, 2024. The company will host a conference call and webcast to discuss its results that afternoon at 2 p.m. PT / 5 p.m. ET. Information about Zillow Group's financial results, including a link to the live webcast and recorded replay, will be available on the company' ...

Low inventory is keeping competition high and home values rising There are currently 550 U.S. cities where the typical home value is $1 million or more, up from 491 a year ago. California easily boasts the most million-dollar cities, followed by New York and New Jersey. Florida, Texas and Delaware are the only states with a net loss in million-dollar cities over the past year. SEATTLE, April 2, 2024 /PRNewswire/ -- The U.S. has a record-high 550 "million-dollar" cities — cities where the typical home is wor ...

Zillow finds homes featuring TikTok trends, like plant ledges and rounded corners, sell nearly a week faster New Zillow research finds outdoor TVs, outdoor showers and outdoor kitchens can help homes sell for as much as 3.1% more than expected. Fresh features are replacing old favorites. Soapstone countertops and beverage centers are outperforming quartz counters and wine fridges. Viral home features that appeal to younger first-time buyers can help a home sell up to six days faster than expected.  SEATTL ...

Property managers' race to woo tenants eases, signaling a tighter market for renters this springSEATTLE, March 20, 2024 /PRNewswire/ -- After a winter that saw nearly a third of rental listings offering tenants tempting concessions such as free months of rent or free parking, Zillow's latest data reveals the share of rentals offering perks may have hit its peak. The good news for renters is that the market is friendlier than it was a year ago, with the share of rentals offering a concession rising 5.6 perce ...

Shares of Zillow Group (Z -13.49%) (ZG -13.02%) fell 13.5% on Friday after the National Association of Realtors (NAR) agreed to settle a series of lawsuits brought by home sellers alleging the industry has conspired to boost agent commissions.The move appears likely to pave the way for reduced broker commissions on real estate sales -- a development that could potentially curb one of Zillow's bread-and-butter revenue streams.On the NAR's historic settlementIn a press release earlier today, the NAR announced ...

New listings are up 21% annually, evidence of rate lock easing New listings rose annually in every major metro. Total inventory rose 12% year over year; the largest gains came in the South. Competition is stiff for attractive listings; homes went pending in just 17 days nationwide. SEATTLE, March 14, 2024 /PRNewswire/ -- An infusion of new inventory into the market is welcome news for buyers on the hunt for their next home this spring. It's also more evidence that the effects of "rate lock" on homeowners ar ...