The Great Reshuffling Is Changing How Far Americans Are Willing to Commute
Zillow Group, Inc. - Class A (ZG)
Last zillow group, inc. - class a earnings: 2/19 04:05 pm
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Source: PR Newswire
SEATTLE, July 21, 2021 /PRNewswire/ -- A short commute has long come with a hefty price tag. But as remote work became more commonplace during the pandemic, Americans prioritized affordability over quick access to the office. Home values within a short commute of the country's biggest downtown job centers are growing more slowly than those farther out, a new analysis from Zillow® and HERE Technologies shows, reflecting Americans' preference for more-affordable homes with more space during the Great Reshuffling.Homes within a 10-minute commute of a metro's downtown job center are among the most expensive in 18 of the 35 metros included in the analysis, yet these areas had the fastest-growing home values in nine of those metros as of 2017. Now homes closest to downtown are growing fastest in only three of those 18 metros, and they are growing slowest or even falling in 11. "Home buyers are placing less of a premium on a short commute thanks to the rise of remote work," says Zillow econo
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News
- Showcase listings on Zillow are more than just cutting-edge -- featured homes sell faster and for more moneyPR Newswire
- Home values rising fastest in costliest metrosPR Newswire
- Zillow Group, Inc. (NASDAQ: ZG) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $68.00 price target on the stock.MarketBeat
- Boomers in Pittsburgh are least likely to be locked-in by mortgage rates, among major metrosPR Newswire
- Zillow Group, Inc. (NASDAQ: ZG) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $63.00 price target on the stock.MarketBeat
ZG
Earnings
- 11/1/23 - Beat
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Sec Filings
- 4/16/24 - Form ARS
- 4/16/24 - Form DEFA14A
- 4/16/24 - Form DEF
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