Inventory Jump Could be Welcome Relief for Home Buyers
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 19, 2021 /PRNewswire/ -- Housing inventory saw significant recovery for the second straight month in June, indicating that the market may be on the road to rebalancing after a long stint of being heavily in sellers' favor, according to the latest Zillow Real Estate Market Report.1 But inventory remains low, and demand is still strong, sending home value appreciation to new record highs for both monthly and annual growth.Intense demand for houses over the course of the pandemic sent inventory plummeting to a low of 33% below that for April of the prior year, ramping up competition for houses and elevating prices. But inventory has begun to recover since then, with a 3.1% improvement in June, following a 3.9% increase in May. Inventory now stands at 29.2% below 2020 levels. "Another month of rising housing inventory gives buyers some additional options and a little more bargaining power," said Jeff Tucker, senior economist at Zillow. "While the level of inventory remains i
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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
ZG
Sec Filings
- 4/16/24 - Form ARS
- 4/16/24 - Form DEFA14A
- 4/16/24 - Form DEF
- ZG's page on the SEC website