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Zillow Group, Inc. (ZG)
After hours:
| Previous close | 41.88 |
| Open | 42.19 |
| Bid | 41.09 x 100 |
| Ask | 41.11 x 100 |
| Day's range | 41.09 - 42.35 |
| 52-week range | 33.23 - 59.23 |
| Volume | |
| Avg. volume | 720,070 |
| Market cap | 9.814B |
| Beta (5Y monthly) | 1.85 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.68 |
| Earnings date | 01 May 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 60.26 |
FortuneHigh mortgage rates are finally hitting new home construction as builders are pulling back on projects
“It makes little economic sense to ramp up construction on homes that won't be sold in the near future,” one engineer said.
FortuneHome prices skyrocketed 40% during the pandemic—but Zillow sees them rising less than 2% this year
It’s “slower than long-term norms but a welcome slowdown for first-time buyers compared to the rapid appreciation seen over the pandemic,” Zillow said.
BenzingaThese Two Data Points Illustrate The Reality That America Has Two Housing Markets
A recent report from Zillow indicates that America has 550 cities with median home prices of $1 million. Yet none of those cities are on the list of Zillow's top ten hottest housing markets of 2024. That disparity paints a picture of the extent to which America has a dual-track housing market. On one track are Americans who can afford homes in the $1-million zip codes or are locked into those zip codes on low-interest-rate mortgages. On the other track are Americans who were marginally priced ou
