Zillow posts $676M in Q3 revenue as rentals and mortgage businesses power growth

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]