Core Insights - Mortgage rates have seen a slight decrease, with the average 30-year fixed rate at 6.08% and the 15-year fixed rate at 5.62% [1][15] Mortgage Rates Overview - Current national average mortgage rates include: - 30-year fixed: 6.08% - 20-year fixed: 5.89% - 15-year fixed: 5.62% - 5/1 ARM: 6.41% - 7/1 ARM: 6.48% - 30-year VA: 5.67% - 15-year VA: 5.19% - 5/1 VA: 5.53% [4] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, with national averages rounded to the nearest hundredth [3] Market Trends - Mortgage rates are expected to remain stable in a tight range over the next few months, with potential Federal Reserve interest rate cuts having limited impact on mortgage rates [17] - There has been a general downward trend in mortgage rates since the government shutdown, with current rates lower than a year ago [18] Mortgage Types and Characteristics - 30-year fixed mortgages offer lower and predictable monthly payments, but come with higher interest costs over the loan's life [7][9] - 15-year fixed mortgages have higher monthly payments but lower interest rates, allowing borrowers to save significantly on interest over time [10][11] - Adjustable-rate mortgages (ARMs) offer lower initial rates but come with the risk of rate increases after the introductory period [12][13]

Core Insights - The article discusses the author's investment philosophy, which incorporates various strategies including fundamental, technical, and momentum investing [1]. Group 1: Investment Strategies - The author emphasizes the importance of a diversified approach to investing, utilizing the strengths of fundamental, technical, and momentum strategies [1]. - The focus is on managing personal capital accumulated over the years, indicating a shift towards individual investment management [1]. Group 2: Purpose of Writing - The article serves as a platform for tracking the performance of investment ideas and connecting with like-minded investors [1].

Core Viewpoint - Zillow and Redfin are facing lawsuits from state and federal officials for allegedly engaging in anti-competitive practices in the online rental advertising market, which could lead to higher costs for consumers and fewer rental options [1][2][3]. Group 1: Legal Allegations - Attorneys general from five states, along with the Federal Trade Commission (FTC), have filed lawsuits claiming that Zillow and Redfin violated federal antitrust laws, specifically the Sherman Antitrust Act and the Clayton Act [3]. - The lawsuits allege that Zillow paid Redfin $100 million to shut down its online rental advertising business and transfer its clients to Zillow, which included the firing and rehiring of hundreds of employees [4][5]. Group 2: Market Implications - If the allegations are proven true, the collaboration between Zillow and Redfin could lead to increased advertising costs for rental properties, which may be passed on to consumers [6]. - The potential rise in advertising costs could limit options for consumers, particularly affecting smaller landlords who may struggle to afford advertising on major platforms like Zillow [6].

Core Insights - Zillow Group reported mixed Q3 2025 results, with net income missing estimates but revenues exceeding expectations, driven by strong customer engagement and brand positioning in the residential real estate sector [1][8] Financial Performance - Net income for the quarter was $10 million (4 cents per share), a significant improvement from a net loss of $20 million (8 cents per share) in the same quarter last year, primarily due to solid revenue growth [2] - Quarterly revenues increased to $676 million from $581 million year-over-year, surpassing the Zacks Consensus Estimate of $669 million, with residential revenues rising 7% to $435 million [3][8] - The Mortgages segment generated $53 million in revenues, up from $39 million a year ago, driven by a 57% increase in purchase loan origination [4] - Rental revenues surged 41% to $174 million, largely due to a 62% year-over-year growth in multifamily revenues [4] Profitability Metrics - Gross profit for the quarter was $491 million, compared to $441 million in the prior-year quarter, reflecting healthy revenue growth across all segments [5] - Adjusted EBITDA rose to $165 million from $127 million a year ago, supported by higher revenues and cost discipline [5] Cash Flow & Liquidity - In the first nine months of 2025, Zillow generated $296 million in cash from operating activities, slightly down from $306 million in the prior-year period [6] - As of September 30, 2025, the company had $874 million in cash and cash equivalents, with $40 million in other long-term liabilities [6] Future Outlook - For Q3 2025, Zillow expects total revenues between $645 million and $655 million, with adjusted EBITDA projected between $145 million and $155 million [9] - The company anticipates approximately 20% year-over-year growth in Mortgages revenues, high-single-digit growth in residential revenues, and over 45% growth in rental revenues [9] - Zillow forecasts low to mid-teens revenue growth for 2025, with continued expansion in adjusted EBITDA margins and positive GAAP net income [10]

Core Insights - Mortgage rates have decreased significantly compared to one year ago, with the national average 30-year fixed mortgage rate at 6.17%, which is 55 basis points lower than the previous year [1][14] - The 15-year fixed mortgage rate has also seen a decline, now at 5.41%, down three basis points from the previous week and more than half a point lower than last October [1][14] - The trend of decreasing mortgage rates has encouraged more homebuyers to enter the market, as noted by Freddie Mac's chief economist [2] Current Mortgage Rates - The current national average mortgage rates include: - 30-year fixed: 6.17% - 15-year fixed: 5.41% - 5/1 ARM: 6.68% - 7/1 ARM: 6.72% [1][5][14] - Refinance rates are generally higher than purchase rates, but specific current refinance rates were not detailed in the provided content [3][5] Future Projections - Forecasts from Fannie Mae and the Mortgage Bankers Association suggest that the 30-year mortgage rate will remain at 6% or higher for most of 2026, with a potential drop to 5.9% in Q4 2026 [13][15] - The MBA anticipates a 30-year mortgage rate of 6.4% by the end of 2025, indicating a stable outlook for mortgage rates in the near future [15][16]

For the quarter ended September 2025, Zillow Group (ZG) reported revenue of $676 million, up 16.4% over the same period last year. EPS came in at $0.44, compared to $0.35 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $668.99 million, representing a surprise of +1.05%. The company delivered an EPS surprise of -2.22%, with the consensus EPS estimate being $0.45.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Zillow Group (ZG) came out with quarterly earnings of $0.44 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.22%. A quarter ago, it was expected that this online real estate marketplace would post earnings of $0.44 per share when it actually produced earnings of $0.4, delivering a surprise of -9.09%.Over the last four quart ...

Core Insights - Zillow Group reported third-quarter earnings that surpassed analyst expectations, with adjusted EBITDA reaching $165 million [1] Company Performance - The third-quarter results indicate a strong performance by Zillow Group, reflecting effective management and strategic positioning in the housing market [1] Market Trends - CEO Jeremy Wacksman discussed the latest trends in the housing market during the earnings announcement, highlighting the company's insights into current market dynamics [1]

Core Insights - The article discusses the current trends and challenges in the real estate market, highlighting the impact of rising interest rates and inflation on property values and sales [1] Group 1: Market Trends - Rising interest rates have led to a slowdown in home sales, with a reported decrease of 15% year-over-year in some regions [1] - Inflation continues to affect construction costs, resulting in a 10% increase in material prices over the past year [1] Group 2: Investment Opportunities - Despite the challenges, certain markets are showing resilience, particularly in suburban areas where demand remains strong [1] - Real estate investment trusts (REITs) are adapting by focusing on sectors like logistics and healthcare, which are less sensitive to economic fluctuations [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 10-Q _____________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36853 ZILLOW GROUP, INC. (Exact name of registrant as specified ...