Toronto Residents Lack Confidence in Future Homeownership Ability
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
TORONTO, Feb. 24, 2020 /PRNewswire/ -- For residents of Canada's largest city, Toronto, it is no secret that the housing market presents challenges. According to a recent Zillow and Ipsos survey, Torontonians confidence in their ability to own the home they want is on the decline due to rising home prices. For buyers, 77% are concerned they can't afford the home they want, up four points from 2018. More than two thirds (68%) of sellers are concerned they can afford the home they want, an increase from 55% in 2018.Toronto is also the city most likely to be perceived to be in a housing bubble. More than eight in 10 (84%) of Torontonians think that the Toronto housing market is in a bubble, with inflated housing prices, and at risk for a correction. This perception drops significantly amongst Torontonians for other Canadian cities with 61% for Vancouver and far fewer thinking Victoria (18%), Montreal (13%), Ottawa (10%), Whistler (9%), Calgary (8%), or Edmonton (6%) are experiencing hou
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News
- New York City rents grew seven times faster than wages last year, tightening affordability crunchPR Newswire
- Zillow Group, Inc. (NASDAQ: ZG) had its price target lowered by analysts at Citigroup Inc. from $68.00 to $58.00. They now have a "buy" rating on the stock.MarketBeat
- Zillow Group, Inc. (NASDAQ: ZG) had its price target lowered by analysts at Barclays PLC from $40.00 to $35.00. They now have an "underweight" rating on the stock.MarketBeat
- Zillow Group, Inc. (NASDAQ: ZG) had its price target lowered by analysts at JMP Securities from $68.00 to $62.00. They now have a "market outperform" rating on the stock.MarketBeat
- Zillow Group, Inc. (NASDAQ: ZG) had its price target lowered by analysts at JPMorgan Chase & Co. from $65.00 to $61.00. They now have an "overweight" rating on the stock.MarketBeat
ZG
Earnings
- 5/1/24 - Beat
ZG
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/16/24 - Form ARS
- ZG's page on the SEC website