US Market News
3日前
Zillow brings its consumer insights directly to agents with Zillow Pro membershipJuly 9, 2026 8:00 AM
PR Newswire (US) Agents can now invite buyers and sellers they already know to collaborate with them on Zillow, unlocking insights and tools to help create more personalized client experiences and more businessSEATTLE, July 9, 2026 /PRNewswire/ -- With 235 million average monthly unique users1 and 70% of actual buyers and sellers in the U.S. on Zillow® today,2 most of a real estate agent's past clients are already browsing homes on Zillow, often without a clear path to take the next step. If agents could see those signals and act on them, they could show up at the right moment with the right information, giving buyers and sellers the guidance they need when they need it. And when agents are better connected to the clients they've already built relationships with, everyone wins — agents grow their business and consumers get a more responsive, more personal experience throughout their search. Zillow has launched Zillow Pro?, its premium membership for any and all real estate agents, nationwide to make this possible. The membership equips agents with exclusive tools built to help them meet clients where they already are — on Zillow — and work together seamlessly. Agents can invite any buyer or seller in their network to collaborate with them on Zillow, and once that contact accepts, agents get visibility into their Zillow activity along with the tools to help them know when and how to best reach out. Nearly 20,000 agents have already used Zillow Pro in its beta version, and buyers working with agents who have a membership are 80% more likely to meet with their agent face-to-face and 50% more likely to move forward in their search.3In a housing market where sales are on track for another flat year and mortgage rates are once again near 6.5%, agents are competing harder for every transaction. The relationships an agent builds over years are foundational to their business. But being kept in mind across a large client base is hard, and most agents have no way of knowing when someone in their network starts getting serious about a move. That closed door is where opportunities are lost."Real estate runs on relationships, and we see time and again the agents who win are the ones who show up at the right moment with the right information," said Cynthia Taylor, senior vice president of product at Zillow. "Now any agent can have the tools and visibility to do that across their entire business. This is our commitment to helping agents get more out of the platform where their clients are browsing, dreaming and planning."It starts with My Agent, a collaboration tool that brings agents into the shopper's Zillow experience. When a consumer accepts an invitation to My Agent, agents get real-time insight into what that shopper is browsing, saving and searching in their area. That intelligence helps agents deliver more timely and relevant outreach by using Follow Up Boss® automatic prioritization and tailored message suggestions. Consumers who connect through My Agent convert at more than four times the rate of those with inferred relationships.4Shoppers, in turn, see their agent across Zillow listings in their local market as they search and can easily message or book a tour with their agent, staying connected without ever leaving their Zillow search."The client wants to be on Zillow. Everybody is on Zillow," said Lisa Ryan, vice president of agent services at Exquisite Properties in San Antonio. "Zillow Pro membership allows us to be more intentional with keeping that relationship and nurturing it as well."No other platform can deliver the combination of a world-class customer relationship management (CRM) system with insights from the largest online audience of home shoppers in the country. With a Zillow Pro membership, any agent — whether they advertise on Zillow or not — can extend My Agent invitations to any contact in their Follow Up Boss database.Listing agents get a meaningful edge with the new "Likely to List" tag, a Zillow Pro premium feature. Powered by AI, Likely to List helps agents spot properties in their existing Follow Up Boss database that may be coming to market soon, giving agents a reason to reconnect with past contacts who may be interested in selling.Powerful tools for branding, outreach and day-to-day workflow round out the agent's tool kit. A premium Agent Profile gives agents a differentiated presence on Zillow, with custom branding, photos and video. AI automatically surfaces the most engaged contacts, generates personalized outreach and gives agents instant context on a contact's history so they always know who to call and how to help. In supported MLS markets, agents can also search listings, share properties with buyers and track engagement without leaving Follow Up Boss — with their branding on every listing link they send. Combining these tools in a Zillow Pro membership, agents get a complete system for staying visible, informed and connected with clients.Along with Zillow PreviewSM and Zillow ShowcaseSM, as well as consumer tools like its AI mode, Zillow is building a richer and more connected experience for everyone in the transaction. Buyers move from browsing to action, sellers reach the right buyers earlier and agents have the tools to guide their clients from preparation through closing.Agents can learn more and get started at zillowpro.com.About Zillow Group:
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN)1 Zillow data, full-year 2025.
2 Zillow Group monthly unique visitors divided by "real estate" unique visitors (as defined by Comscore) for December 2025.
3 Based on Zillow internal analysis comparing matched contacts with and without a My Agent Relationship.
4 Internal analysis suggests this reflects the higher intent of buyers who actively confirm an agent relationship, rather than the relationship status itself driving conversion. View original content to download multimedia:https://www.prnewswire.com/news-releases/zillow-brings-its-consumer-insights-directly-to-agents-with-zillow-pro-membership-302821007.htmlSOURCE Zillow Original: Zillow brings its consumer insights directly to agents with Zillow Pro membership
US Market News
2週前
$Z, $ZG Notification: Zillow Accused of Misrepresentations about its Anticompetitive Agreement in Securities Fraud Class ActionJune 30, 2026 6:16 AM
PR Newswire (US) A securities fraud class action lawsuit has been filed on behalf of Zillow investors after its stock plummeted over 16% because of Zillow's alleged anticompetitive agreement with Redfin, potentially violating federal securities laws.NEW YORK, June 30, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Zillow Group, Inc. (NASDAQ:Z, ZG) and certain of the Company's senior executives for securities fraud after significant stock drops resulting from potential violations of the federal securities laws. If you invested in Zillow, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/zillow-class-action-lawsuit.Key Details of the Zillow ($Z, $ZG) Class Action:Lead Plaintiff Deadline: August 10, 2026Alleged Misconduct: Securities fraud relating to Zillow's allegedly anticompetitive agreement with Redfin CorporationLargest Alleged Stock Drop: February 11, 2026 – 16.54% Stock Drop on Class C shares; 17.13% Stock Drop on Class A shares.Court: U.S. District Court for the Western District of WashingtonAction: Contact BFA Law to discuss your rightsInvestors have until August 10, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Zillow Class C and Class A common stock. The class action is pending in the U.S. District Court for the Western District of Washington. It is captioned Breidert v. Zillow Group, Inc., et al., No. 26-cv-02016.Why is Zillow Being Sued for Securities Fraud? On February 6, 2025, Zillow entered into an agreement with Redfin through which Zillow became the exclusive provider of multifamily rental listings on Redfin's platform and affiliate websites, including Rent.com. According to the complaint, during the relevant period, Zillow characterized the agreement with Redfin as a "partnership" that would provide Zillow exclusive access to Redfin's advertising platform. As alleged, in truth, under the terms of the agreement, Zillow paid Redfin $100 million to stop competing with Zillow, facilitate the transition of its multifamily rental advertising business to Zillow, and close the remainder of its business. Why did Zillow's Stock Drop?On September 30, 2025, the FTC filed a complaint against Zillow and Redfin alleging violations of the federal antitrust laws. According to the FTC complaint, "Zillow and Redfin executed an unlawful agreement to remove competition from [the online rental marketplaces industry], starting with a $100 million payment to Redfin to exit the [Internet Listing Services] market." In sum, the FTC alleged, "[t]his agreement is nothing more than an end run around competition on the merits with Redfin for customers…" This news caused the price of Zillow's Class C and A common stock to decline 4.33% and 4.5%, respectively.On February 10, 2026, Zillow's CFO told investors that Zillow experienced increased legal expenses which "will result in approximately 200 basis points headwind to EBITDA margins in Q1." On this news, the price of Zillow's Class C and A common stock declined 16.54%, and 17.13%, respectively.Finally, on May 7, 2026, Reuters reported that a "federal judge rejected [Zillow and Redfin's] request to end a [FTC] lawsuit accusing them of illegally agreeing to suppress competition for online apartment rental listings." This news caused the price of Zillow's Class C and A common stock to decline 1.9% and 1.76%, respectively.Click here for more information: https://www.bfalaw.com/cases/zillow-class-action-lawsuit.What Can You Do?If you invested in Zillow, you may have legal options and are encouraged to submit your information to the firm.All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.Submit your information by visiting:https://www.bfalaw.com/cases/zillow-class-action-lawsuitWhy Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters.Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients."Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/zillow-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes. View original content to download multimedia:https://www.prnewswire.com/news-releases/z-zg-notification-zillow-accused-of-misrepresentations-about-its-anticompetitive-agreement-in-securities-fraud-class-action-302814074.htmlSOURCE Bleichmar Fonti & Auld LLP Original: $Z, $ZG Notification: Zillow Accused of Misrepresentations about its Anticompetitive Agreement in Securities Fraud Class Action
US Market News
3週前
Zillow launches a personalized hub that guides home buyers from first search to closingJune 23, 2026 6:00 AM
PR Newswire (US) Summer Launch 2026 introduces four new products to help buyers plan, finance and find a home, and give sellers more exposure before their listing goes liveSEATTLE, June 23, 2026 /PRNewswire/ -- Today, Zillow® is launching a personalized hub that guides home buyers through every step of their purchase in real time. In addition, three new features have been designed to give buyers and sellers more clarity at every stage of the transaction. The median home search for a buyer takes from three to four months, involves countless conversations with an agent and lender, and culminates in gathering documents at a few days' notice, all while tracking a budget on a spreadsheet. It's a process that moves more than half of buyers to tears, according to Zillow research. And today's market conditions aren't making it any easier. Buyers, nearly half of whom are first-timers, are navigating a market where the housing recovery is "back on pause," with mortgage rates climbing past 6.5%, adding more uncertainty to an already complex process.Now, Zillow is giving buyers a clearer path forward: a single place where everything comes together. The new personalized hub guides buyers through four milestones: setting a budget, finding a home, making an offer and closing the deal. It brings together goals, finances, tasks, documents, and the agent and lender a buyer is working with, all in one place. And all of those details update automatically as the journey evolves, so buyers always know where they stand and what to do next."Zillow has spent 20 years turning on the lights in real estate, giving buyers and sellers access to information they'd never had before," said Jeremy Wacksman, Zillow's chief executive officer. "The next frontier is the journey itself: the financing, the coordination, the offer, the closing. For the first time, every home shopper on Zillow has a single place that brings it all together, so instead of wondering what comes next, they always know exactly where they are and what to do."Personalized moving hub: A clear path from first search to closing
Home shoppers start by answering a single question, "Are you buying, selling, both, or just browsing?" From there, they receive a personalized plan.The hub immediately displays:BuyAbility?: This personalized, real-time affordability tool helps buyers understand the range of home prices and monthly payments that may fit their financial situation. They can then use that guidance to shop for homes that are realistically within reach. That information is updated with live mortgage rates.Local market insights: This includes market conditions, median days to pending, active listings and a one-year price forecast.The shopper's team: If a buyer is already working with an agent and loan officer, those contacts are given in this view. If the buyer doesn't have a team, the hub brings up Agent Finder to connect them with an agent in their area.From there, buyers are guided through four milestones: setting a budget, finding a home, making an offer and closing the deal. The hub shows buyers which areas to focus on and lists the steps to follow below each milestone. Progress is updated automatically — when a buyer gets pre-approved, the hub moves forward; when they go under contract, closing tasks appear.The hub is available now on iOS and Android, and will be coming soon to Zillow.com.Three additional Summer Launch features give buyers and sellers the tools to plan their move
Zillow's Summer Launch goes beyond offering the personalized moving hub with the addition of three new features designed to help buyers and sellers move forward during those moments that matter most."Every feature in our Summer Launch was designed around a specific moment when buyers lose clarity or momentum," said Christopher Roberts, chief product officer at Zillow. "The hub gives buyers confidence by making a complex process easier. The shared collection feature helps partners collaborate on their home search, and the ability to shop with Verified Pre-approval shows buyers what they can actually afford on every listing, not just the list price. Zillow Preview opens the pre-market to every buyer, not just those in a certain network. Together, these features remove the friction that makes the home-buying process so hard."Zillow Preview
Zillow PreviewSM gives soon-to-be sellers the opportunity to hire an agent to show their listing to the broadest online audience possible before it actually goes on the market. During this window, the home appears in every buyer's regular Zillow search, with a Preview label.Buyers can now filter specifically for Preview listings. Once they find a home they're interested in, they can save it, pre-book a tour or use the time to get pre-approved — signals that indicate serious buyer interest. Sellers get real-time engagement data on views, saves and tour requests to refine their list price and strategy before their listing is fully active. Preview is available through more than 1,200 participating brokers nationwide.With Zillow Preview, no private network is required. But sellers who decide to go the private-network route pay a price: They lose access to the full buyer pool and net 1.5% less on their sale, which could amount to more than $30,000 in high-cost markets, according to Zillow research. A Zillow survey conducted by The Harris Poll finds that 85% of soon-to-be sellers would be more likely to hire an agent who can show their listing to the broadest online audience before putting it on the market.Shop with Zillow Home Loans Verified Pre-approval
Most buyers lack financial clarity when they start their home search. Only 28% of prospective buyers who plan to finance have been pre-approved before they begin their search, and about half don't know what pre-approval means, according to Zillow research.Now buyers have a way to shop with Zillow Home Loans Verified Pre-approval, with that pre-approval connected directly to a buyer's home search. Buyers will clearly see whether a listing is a match or is out of their price range as they browse.A home costs more than its list price. That's why taxes, insurance, HOA fees and closing costs are factored into Verified Pre-approval, so buyers understand why a higher-priced home may still fit within their means, or a lower-priced one may not. Zillow Home Loans is the only lender to integrate financing directly into the home search in this way, with the buyer's loan officer accessible throughout the process.Shared collection
Most people buying a home aren't doing it alone. More than half of buyers in 2025 purchased their home with a partner, according to Zillow research, and for most of them, coordinating their search consisted of texting screenshots and forwarding listing links. The new shared collection feature replaces that with a single shared workspace inside Zillow, where buying partners can save, organize and compare homes together in real time, with any update immediately visible to both people, across iOS, Android and the web.Tech momentum at Zillow keeps growing
Today's launch is the latest move by Zillow to streamline the home-buying process and build consumer confidence throughout the full transaction.In summer 2025, the company introduced SkyTour, an interactive 3D exterior home tour built on Gaussian splatting technology originally developed by the gaming industry; and Offer Insights, a tool that shows buyers in real time how competitive different offer prices might be. In fall 2025, Zillow launched in-app messaging for co-shoppers, AI-powered virtual staging on ShowcaseSM listings, and an integrated closing dashboard, connecting the front end of the search with the back end of the transaction.Earlier this year, Zillow launched Zillow AI mode, a conversational AI experience built directly into the app that lets buyers and renters ask questions in plain language, explore neighborhoods, compare affordability and book tours without leaving Zillow. Now available to a growing number of users, it will be expanding throughout the year.About Zillow Group:
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime® and dotloop®.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN) View original content to download multimedia:https://www.prnewswire.com/news-releases/zillow-launches-a-personalized-hub-that-guides-home-buyers-from-first-search-to-closing-302807155.htmlSOURCE Zillow Original: Zillow launches a personalized hub that guides home buyers from first search to closing
US Market News
4週前
Z, ZG Investor News: A Class Action Was Filed on Behalf of Zillow Investors That Lost Money – Contact BFA Law Before August 10 Legal DeadlineJune 16, 2026 1:36 PM
Business WireA securities fraud class action lawsuit has been filed on behalf of Zillow investors after its stock plummeted over 16% because of Zillow’s alleged anticompetitive agreement with Redfin, potentially violating federal securities laws.Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Zillow Group, Inc. (NASDAQ:Z, ZG) and certain of the Company’s senior executives for securities fraud after significant stock drops resulting from potential violations of the federal securities laws.If you invested in Zillow, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/zillow-class-action-lawsuit.Key Details of the Zillow ($Z, $ZG) Class Action:Lead Plaintiff Deadline: August 10, 2026Alleged Misconduct: Securities fraud relating to Zillow’s allegedly anticompetitive agreement with Redfin CorporationLargest Alleged Stock Drop: February 11, 2026 – 16.54% Stock Drop on Class C shares; 17.13% Stock Drop on Class A shares.Court: U.S. District Court for the Western District of WashingtonAction: Contact BFA Law to discuss your rightsInvestors have until August 10, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Zillow Class C and Class A common stock. The class action is pending in the U.S. District Court for the Western District of Washington. It is captioned Breidert v. Zillow Group, Inc., et al., No. 26-cv-02016.Why is Zillow Being Sued for Securities Fraud?On February 6, 2025, Zillow entered into an agreement with Redfin through which Zillow became the exclusive provider of multifamily rental listings on Redfin’s platform and affiliate websites, including Rent.com. According to the complaint, during the relevant period, Zillow characterized the agreement with Redfin as a “partnership” that would provide Zillow exclusive access to Redfin’s advertising platform.As alleged, in truth, under the terms of the agreement, Zillow paid Redfin $100 million to stop competing with Zillow, facilitate the transition of its multifamily rental advertising business to Zillow, and close the remainder of its business.Why did Zillow’s Stock Drop?On September 30, 2025, the FTC filed a complaint against Zillow and Redfin alleging violations of the federal antitrust laws. According to the FTC complaint, “Zillow and Redfin executed an unlawful agreement to remove competition from [the online rental marketplaces industry], starting with a $100 million payment to Redfin to exit the [Internet Listing Services] market.” In sum, the FTC alleged, “[t]his agreement is nothing more than an end run around competition on the merits with Redfin for customers…” This news caused the price of Zillow’s Class C and A common stock to decline 4.33% and 4.5%, respectively.On February 10, 2026, Zillow’s CFO told investors that Zillow experienced increased legal expenses which “will result in approximately 200 basis points headwind to EBITDA margins in Q1.” On this news, the price of Zillow’s Class C and A common stock declined 16.54%, and 17.13%, respectively.Finally, on May 7, 2026, Reuters reported that a “federal judge rejected [Zillow and Redfin’s] request to end a [FTC] lawsuit accusing them of illegally agreeing to suppress competition for online apartment rental listings.” This news caused the price of Zillow’s Class C and A common stock to decline 1.9% and 1.76%, respectively.Click here for more information: https://www.bfalaw.com/cases/zillow-class-action-lawsuit.What Can You Do?If you invested in Zillow, you may have legal options and are encouraged to submit your information to the firm.All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.Submit your information by visiting:https://www.bfalaw.com/cases/zillow-class-action-lawsuitOr contact:
Adam McCall
adam@bfalaw.com
212.789.3619Why Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/zillow-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes.View source version on businesswire.com: https://www.businesswire.com/news/home/20260616414212/en/Adam McCall
adam@bfalaw.com
212.789.3619 Original: Z, ZG Investor News: A Class Action Was Filed on Behalf of Zillow Investors That Lost Money – Contact BFA Law Before August 10 Legal Deadline
US Market News
2月前
Home sales rebound where supply has surgedMay 21, 2026 8:00 AM
PR Newswire (US) Southern markets with plenty of choices lead the U.S. in annual sales growthHome sales rose the most over the year in Austin, according to Zillow, where inventory is a nation-leading 52% above pre-pandemic averages. Homes are typically selling after 17 days — roughly in line with pre-pandemic norms. Inventory has fully recovered in 19 major metros — concentrated in the South and West — where sales growth is strongest.SEATTLE, May 21, 2026 /PRNewswire/ -- The spring housing market is warming up fastest in places where buyers finally have options to choose from, according to a new analysis by Zillow®. The trend could help explain why sales still trail pre-pandemic norms, even as individual listings sell at similar speeds. Austin leads all major metros in both annual sales growth (20%) and inventory added over pre-pandemic norms (52%). Among the top-10 markets for year-over-year sales growth, six have more inventory than before the pandemic. "After years of low supply, markets with restocked shelves are seeing relatively stronger sales growth," said Zillow Senior Economist Orphe Divounguy. "Construction boomed across the Sun Belt, and we saw activity slow in many markets as they went through a transition period. Those same markets are now coming out the other side as incomes are more in line with prices. Having more homes on the market is helping the market function again."Buyers' dollars go further in this housing market than they did last year; at the national level a typical monthly mortgage payment is 3.4% lower than April 2025. Sales are slightly higher nationwide, up 2.3% in April compared to last year. The rising costs of everything else are one limiting factor, straining budgets and pausing major purchases. Inventory is another. There were 3.7% more active listings in April compared to the year prior, but inventory remains 18.7% below historical norms. In areas that responded to the surge in demand by building additional housing, inventory has recovered faster. Housing inventory now exceeds pre-pandemic norms in 19 of the 50 most populous U.S. metros, with concentrations in the South and West. Now, those metros with the most restored inventory are generally where sales are trending up. "A lack of supply and stretched consumer budgets are contributing to lower sales volumes," Divounguy said. "The lack of inventory has prevented a larger price correction and limited improvements in affordability. And ultimately, shoppers can't buy what isn't for sale." Higher inventory tends to put downward pressure on prices. And where income growth has outpaced price growth in recent years, housing affordability has also improved most. Compared to a year ago, the typical monthly mortgage payment has fallen 9.8% in Austin, 7.4% in Dallas, 7% in Denver, 6.2% in Raleigh and 6% in San Antonio. The savings are large when compared to the rest of the country.Nationwide, the pace of home sales at the listing level is very close to pre-pandemic norms — the median age of inventory is one day less and listings that do go pending typically do so one day faster than in 2018-2019. The big differences are sales totals, inventory and new listings, which are down 18%, 19% and 16%, respectively, in April.Metro Area*Existing Home
Sales (Change
Since 2018-2019)Existing Home
Sales Change
Year over YearInventory
(Change Since
2018-2019)New Listings
(Change Since
2018-2019)Typical Monthly
Mortgage Payment
(YoY Change)**United States-17.7 %2.3 %-18.7 %-16.3 %-3.4 %New York, NY-27.3 %-8.7 %-48.5 %-35.5 %0.0 %Los Angeles, CA-25.5 %-1.9 %-11.7 %-19.3 %-4.0 %Chicago, IL-23.4 %10.1 %-54.5 %-38.3 %0.1 %Dallas, TX-10.2 %8.6 %11.9 %-7.5 %-7.4 %Houston, TX-13.4 %3.3 %18.5 %-5.6 %-5.9 %Washington, DC-19.7 %2.8 %-28.4 %-18.8 %-4.5 %Philadelphia, PA-24.8 %-7.7 %-45.4 %-24.4 %-1.5 %Miami, FL-19.7 %6.6 %-8.1 %-17.7 %-7.3 %Atlanta, GA-28.8 %-4.5 %8.1 %-16.0 %-6.2 %Boston, MA-16.3 %-2.3 %-18.6 %-11.0 %-2.6 %Phoenix, AZ-28.1 %6.1 %-5.6 %-14.5 %-5.7 %San Francisco, CA-14.7 %7.2 %6.6 %-10.2 %-5.4 %Riverside, CA-33.7 %-3.6 %-20.6 %-25.5 %-5.1 %Detroit, MI-21.5 %-5.4 %-21.0 %-23.1 %-1.1 %Seattle, WA-31.9 %-6.1 %15.1 %-4.6 %-5.8 %Minneapolis, MN-15.2 %1.1 %-12.9 %-11.8 %-2.0 %San Diego, CA-27.4 %-0.9 %-19.1 %-22.5 %-5.4 %Tampa, FL-23.4 %2.4 %15.6 %-8.8 %-7.6 %Denver, CO-14.6 %7.2 %26.1 %-8.0 %-7.0 %Baltimore, MD-13.3 %-0.2 %-42.6 %-25.7 %-3.2 %St. Louis, MO-17.6 %-2.3 %-46.0 %-23.4 %-1.3 %Orlando, FL-29.1 %1.0 %24.8 %-12.3 %-7.3 %Charlotte, NC-21.6 %-2.4 %28.0 %-0.4 %-4.5 %San Antonio, TX-18.6 %11.7 %32.7 %-4.2 %-6.0 %Portland, OR-22.0 %5.8 %-8.8 %-17.9 %-5.1 %Sacramento, CA-28.4 %3.9 %-16.2 %-20.6 %-5.8 %Pittsburgh, PA-22.0 %-8.3 %-37.4 %-12.7 %-3.0 %Cincinnati, OH-19.6 %-2.7 %-23.5 %-8.1 %-1.5 %Austin, TX-10.2 %20.0 %52.4 %-1.4 %-9.8 %Las Vegas, NV-32.8 %-5.0 %-9.5 %-25.2 %-6.5 %Kansas City, MO-11.1 %3.3 %-36.1 %-22.0 %-0.8 %Columbus, OH-13.8 %3.3 %-8.6 %-7.6 %-2.8 %Indianapolis, IN-14.9 %3.9 %3.6 %13.5 %-2.7 %Cleveland, OH-12.9 %4.0 %-52.3 %-27.6 %0.2 %San Jose, CA-17.0 %-3.2 %13.4 %-6.5 %-5.6 %Nashville, TN-2.3 %8.8 %22.7 %14.0 %-4.8 %Virginia Beach, VA-1.7 %-3.2 %-41.2 %-14.5 %-1.8 %Providence, RI-37.0 %-8.0 %-54.1 %-30.1 %-1.1 %Jacksonville, FL-19.5 %4.8 %2.8 %-17.7 %-5.8 %Milwaukee, WI-14.2 %14.4 %-27.9 %-11.1 %1.1 %Oklahoma City, OK-0.9 %3.9 %-4.4 %-10.5 %-2.9 %Raleigh, NC-21.5 %7.4 %22.3 %5.6 %-6.2 %Memphis, TN
17.1 %0.4 %-4.0 %Richmond, VA-5.9 %12.7 %-33.2 %-11.6 %-2.0 %Louisville, KY-16.4 %7.8 %-6.7 %2.4 %-1.9 %New Orleans, LA37.6 %12.7 %50.6 %28.1 %-1.5 %Salt Lake City, UT
10.7 %-11.5 %-2.6 %Hartford, CT-27.9 %-8.6 %-70.0 %-48.1 %0.9 %Buffalo, NY-34.7 %-6.8 %-40.8 %-21.5 %0.4 %Birmingham, AL-19.8 %-1.8 %-10.9 %-16.1 %-2.3 %
*Ordered by market size
**Assuming a 20% down payment, excluding estimates for taxes, insurance and maintenanceAbout Zillow Group:
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people. As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more. Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate. View original content to download multimedia:https://www.prnewswire.com/news-releases/home-sales-rebound-where-supply-has-surged-302778336.htmlSOURCE Zillow Original: Home sales rebound where supply has surged
US Market News
2月前
Summer 2026's hottest rental market? Zillow says ProvidenceMay 18, 2026 8:00 AM
PR Newswire (US) The Northeast and coastal California claim the top spots on Zillow's hottest rental markets listProvidence comes in at No. 1 on Zillow's list of the hottest rental markets of 2026, where 12.9% of property managers offer concessions, the lowest share in the top 10.The New York metro area lands at No. 2, where annual rent growth is 4.5% and the typical asking rent of $3,406 a month ranks among the highest in the country.New rental construction hasn't kept pace with demand in some parts of the country, putting upward pressure on rents across the hottest markets.SEATTLE, May 18, 2026 /PRNewswire/ -- Providence is turning up the heat this summer. The Rhode Island capital tops Zillow's hottest rental markets list, edging out New York and San Francisco for the No. 1 spot. For renters in these markets, competition is fierce. "In Zillow's hottest rental markets, the math is simple: More people want to live there than there are homes to rent — whether for access to amenities, strong job markets or family ties, renters are competing over a limited supply," said Kara Ng, senior economist at Zillow®. "The U.S. built more new units in 2024 than any year in the past half-century, but that boom largely bypassed the Northeast and coastal California, which is exactly why rental competition there is so intense. Markets that missed out on the list aren't necessarily lacking demand; they just did a better job bringing new supply online."Zillow's analysis highlights regions where rents climb fast, vacancies are low, and property managers rarely offer concessions, such as free rent or waived fees. That stands in contrast to Sun Belt markets like Austin, Tampa and Phoenix, where a wave of new rental construction has kept rent growth in check.Zillow's top 10 hottest rental markets for summer 2026ProvidenceNew YorkSan FranciscoHartfordLos AngelesChicagoBostonMilwaukeeVirginia BeachSan JoseNo. 1 – Providence: Providence is no stranger to the spotlight. Known as the "Creative Capital," it ranked fourth on Zillow's hottest for-sale markets list earlier this year, and that momentum has carried directly into rentals. Rents are up 5% year over year, and with just 12.9% of property managers offering concessions — the lowest share in the top 10 — renters find little room to negotiate. The typical rent is $2,154 a month, and renters need to earn about $86,000 a year to comfortably afford it.No. 2 – New York: Long regarded as one of the most competitive rental markets in the country, the broader metro continues to attract strong demand with 4.5% annual rent growth and a typical rent of $3,406 a month, nearly $1,500 more than the typical U.S. rent. Within the city itself, conditions are even more intense. According to StreetEasy®, inventory across the five boroughs fell 7% from a year ago, and the median asking rent climbed to $4,120, the highest in StreetEasy history. Manhattan has logged 26 consecutive months of declining inventory, the longest streak on record."While new construction has been increasing in the outer boroughs in recent years, it hasn't been enough to offset the continuous decline of available rentals in Manhattan," said StreetEasy Senior Economist Kenny Lee. "Fewer available rentals and rapidly rising rents have incentivized renters to stay put, which has kept the city's vacancy rate at a record-low level. New York City renters should expect competitive conditions to continue for the foreseeable future as the city continues to dig itself out from decades of underbuilding."No. 3 – San Francisco: Long synonymous with innovation and the tech industry, the city draws a steady stream of renters attracted to its job market. Rent growth sits at 5.4% annually — the second-highest on the list — and only 4.3% of units are forecasted to sit vacant over the next year, compared to 7.3% nationally.How renters should handle hot marketsOn-time rent payments, through Zillow's rent reporting or CreditClimb, can help build credit and strengthen a rental application. In the hottest markets, listings move quickly, so setting up saved searches with instant alerts and being ready to apply immediately gives renters a critical edge.Zillow connects renters to apartments, single-family homes and rooms for rent all in one place. With Zillow's AI mode, renters can search smarter, get instant answers about listings and find a home that fits their needs and budget faster than ever.Hottest market rankingMetropolitan areaAnnual rent growthShare of concessionsVacancy rate forecastZillow Observed Rent Index (ZORI)1Providence, RI5 %12.9 %5.1 %$2,1542New York, NY4.5 %17.8 %4.3 %$3,4063San Francisco, CA5.4 %33.2 %4.3 %$3,2064Hartford, CT3.9 %22.3 %4.3 %$1,9405Los Angeles, CA2.4 %29.4 %4.5 %$2,8926Chicago, IL5.7 %22.4 %5.3 %$2,2197Boston, MA2.5 %29.7 %6.3 %$3,1848Milwaukee, WI4.1 %27.5 %3.8 %$1,5409Virginia Beach, VA4.8 %28.8 %4.1 %$1,84310San Jose, CA4.1 %40.3 %4.9 %$3,534Forward-looking statementsThis press release includes forward-looking statements about future housing market conditions, mortgage rates, rental trends and other economic factors. These statements are based on current expectations and assumptions, which are subject to change. Actual outcomes may differ materially due to changes in economic and market conditions. Forward-looking statements speak only as of the date of this release, and Zillow Group undertakes no obligation to update them.About Zillow Group: Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN) View original content to download multimedia:https://www.prnewswire.com/news-releases/summer-2026s-hottest-rental-market-zillow-says-providence-302774149.htmlSOURCE Zillow Original: Summer 2026's hottest rental market? Zillow says Providence
US Market News
2月前
Survey: While Some Brokers Push Private Listing Networks, Most Soon-to-Be Sellers Want their Homes Seen By Every BuyerMay 15, 2026 11:34 AM
PR Newswire (US) New Zillow poll finds sellers want pre-marketing to the broadest possible audience — at direct odds with a push by some brokers toward limited, private networks85% of soon-to-be sellers are more likely to hire an agent who can pre-market their home to the broadest online audience89% of Americans say real-time buyer demand signals would be valuable before selling their home61% of soon-to-be sellers believe broad online marketing produces better outcomes than a limited private networkSEATTLE, May 15, 2026 /PRNewswire/ -- Some brokerages in the real estate industry are pitching sellers on private listings. Most sellers aren't buying it. A new Zillow survey conducted by The Harris Poll — released as some brokerages and MLSs move to build out private listing networks — finds that the consumers those networks are supposedly designed to serve want something else entirely.The pitch from private listing proponents is that keeping a home off the open market is simply "seller choice" — but when sellers are actually given that choice, they choose the opposite. Nearly two-thirds of soon-to-be sellers polled (61%) believe broad online exposure produces better outcomes than a limited private network.This debate has been playing out in agent pitches and listing agreements across the country for years as a few of the largest names in real estate have doubled down on marketing saying that keeping a home out of the public eye is a competitive advantage for sellers. The survey data adds a crucial dimension to that story: sellers, when given a chance to make an informed choice, disagree with this strategy.Not All Pre-Marketing Is the SameThe real debate isn't whether to pre-market a home — it's who gets to see it when you do. Private listing networks market homes exclusively to buyers working with the same brokerage as the seller, limiting competition to a fraction of the available buyer pool and potentially leaving money on the table for sellers. Despite the consumer harm, brokerages are motivated to push this model because it lets them collect commissions from both the seller and buyer or use the listings to recruit agents from other brokerages.By contrast, public pre-marketing introduces a home to the broadest possible audience before it goes live, giving sellers real-time demand signals they can actually use.When it came to pre-marketing, soon-to-be sellers expressed a clear preference:85% say they'd be more likely to hire an agent who can pre-market their home to the broadest online audience56% would want it to be visible online for all possible shoppers to see60% say real-time pre-market buyer data — views, saves and tour requests — would be extremely / very valuable when selling their home"When a seller hires an agent, they're placing enormous trust in that person to get them the best outcome," said Errol Samuelson, chief industry development officer at Zillow. "Pre-marketing to a closed network is not the same thing as pre-marketing so the broadest audience in the country can see it for free — and sellers know the difference. They're not asking for limited access. They're asking for reach. Zillow believes every seller deserves that visibility, and every agent deserves the tools to deliver it."Broad Benefits on Both Sides of the TransactionThe survey also found near-universal agreement among Americans about the benefits of pre-market exposure. A vast majority of Americans polled agree that early online exposure of a home to the broadest audience before it is officially listed for sale would help:Reach more buyers (84%)Sell a home faster (82%)Increase buyer competition (80%)Boost confidence in pricing strategy (78%)Strengthen their marketing strategy going in (76%)Demand for early access isn't limited to sellers. Nearly 9 in 10 Americans (88%) expressed interest in viewing pre-marketed homes online if they were buying a home. Among buyers, the top perceived benefits of early listing visibility are more time to research the neighborhood (52%) and more time to get pre-qualified for financing (41%).Sellers Spoke. Zillow Listened.Sellers have made their choice clear about how they want to pre-market their home. That's why Zillow built Zillow Preview — and why its reach is about to grow significantly. Zillow and Realtor.com recently announced a collaboration to display Preview listings across both platforms simultaneously, meaning sellers can now reach the largest combined audience of home shoppers available anywhere online before their listing officially goes live.Where private networks limit who sees a home and when, and are designed as much to bring new clients to the brokerage as to sell homes, Zillow Preview is different. It's designed to give sellers and agents maximum early visibility, the real-time data to act on it, and the ability to work with the brokerage of their choice. It's a fundamentally different proposition. Pre-marketing done right isn't closed to a select few; it's open to the broadest possible audience.Survey methodologyThis survey was conducted online within the United States by The Harris Poll on behalf of Zillow from April 21-23, 2026, among 2,058 U.S. adults ages 18 and older, among whom 211 have sold a home in the past two years (recent sellers) and 198 are currently listing/planning to list their home for sale in the next two years (soon-to-be sellers). The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 2.7 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact press@zillow.com. About Zillow Group: Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN) View original content to download multimedia:https://www.prnewswire.com/news-releases/survey-while-some-brokers-push-private-listing-networks-most-soon-to-be-sellers-want-their-homes-seen-by-every-buyer-302773700.htmlSOURCE Zillow Original: Survey: While Some Brokers Push Private Listing Networks, Most Soon-to-Be Sellers Want their Homes Seen By Every Buyer
US Market News
2月前
Zillow Group Reports First-Quarter 2026 Financial ResultsMay 6, 2026 4:05 PM
PR Newswire (US) SEATTLE, May 6, 2026 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced its consolidated financial results for the three months ended March 31, 2026. Complete financial results for the first quarter and outlook for the second quarter and the full year of 2026 can be found in the shareholder letter on the Investor Relations section of Zillow Group's website at https://investors.zillowgroup.com/investors/financials/quarterly-results/default.aspx. "Zillow's integrated platform is delivering meaningful value for buyers, sellers, renters and real estate professionals alike," said Zillow Chief Executive Officer Jeremy Wacksman. "We're embedding AI throughout the real estate experience in ways that make Zillow increasingly indispensable, and we're innovating with speed and intention. Zillow's strong Q1 results reflect the consistency of our execution, the strength of our brand, our audience engagement, and the durability of our multi-year strategy."Recent highlights include:Zillow Group reported strong first-quarter results.Q1 revenue was up 18% year over year to $708 million, near the high end of the company's outlook range. The residential real estate industry grew by 2% in Q1, according to NAR.1 The company estimates Q1 purchase mortgage origination volume for the industry declined approximately 1% year over year.For Sale revenue was up 12% year over year to $514 million in Q1.Residential revenue was up 8% year over year in Q1 to $450 million, benefiting from growth across Preferred, Zillow Showcase, the company's suite of agent software tools and the company's New Construction marketplace.Mortgages revenue increased 56% year over year to $64 million in Q1, primarily due to a 96% increase in purchase loan origination volume to $1.5 billion.Rentals revenue increased 42% year over year to $183 million in Q1, primarily driven by multifamily revenue growing 57% year over year.Net income was $46 million in Q1, and net income margin was 6%, a 520-basis-point increase year over year. Diluted net income per share was $0.19 compared to $0.03 in Q1 a year ago.Q1 Adjusted EBITDA was $182 million, and Adjusted EBITDA margin was 26%, flat year over year despite a 160-basis-point headwind from incremental legal expenses.2 Excluding $11 million of incremental year over year legal expenses, Adjusted EBITDA would have been $193 million in Q1, representing a 27% margin.Cash and investments3 at the end of Q1 were $788 million, down from $1.3 billion at the end of 2025. During Q1, the company repurchased 13.5 million shares for $626 million.Traffic to Zillow Group's mobile apps and sites in Q1 was down 3% year over year to 220 million average monthly unique users.4 Visits during Q1 were down 3% year over year to 2.3 billion. According to Comscore, which tracks growth trends across the category, average monthly unique visitors to Zillow Group's mobile apps and sites in Q1 were up 12% year over year to 127 million, and Zillow is the only large company in its category to increase the amount of the real estate audience it reached over the past six quarters.
1National Association of Realtors® existing homes sold during Q1 2026 multiplied by the average selling price per home for Q1 2026 compared with the same period in 20252Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures; they are not calculated or presented in accordance with U.S. generally accepted accounting principles ("GAAP"). Please see the "Use of Non-GAAP Financial Measures" section below for more information about our presentation of these non-GAAP financial measures, including a reconciliation to the most directly comparable GAAP financial measures for the relevant period.3Cash and investments includes Cash and cash equivalents, Restricted cash and Short-term investments.4The company counts a unique user the first time an individual accesses one of the company's mobile apps using a mobile device during a calendar month and the first time an individual accesses one of the company's websites using a web browser during a calendar month. If an individual accesses the company's mobile apps using different mobile devices within a given month, the first instance of access by each such mobile device is counted as a separate unique user. If an individual accesses the company's websites using different web browsers within a given month, the first access by each such web browser is counted as a separate unique user.First-Quarter 2026 Financial HighlightsThe following table sets forth Zillow Group's financial highlights for the periods presented (in millions, except percentages, unaudited):
Three Months EndedMarch 31,
2025 to 2026% Change
2026
2025
Revenue:
For Sale revenue:
Residential$ 450
$ 417
8 %Mortgages64
41
56 %Total For Sale revenue514
458
12 %Rentals183
129
42 %Other11
11
— %Total revenue$ 708
$ 598
18 %Other Financial Data:
Gross profit$ 519
$ 459
Net income$ 46
$ 8
Diluted net income per share$ 0.19
$ 0.03
Net cash provided by operating activities$ 200
$ 104
Non-GAAP Financial Measures:(1)
Adjusted EBITDA$ 182
$ 153
Adjusted net income$ 129
$ 105
Diluted adjusted net income per share$ 0.53
$ 0.41
Adjusted free cash flow$ 127
$ 88
Percentage of Revenue:
Gross profit73 %
77 %
Net income6 %
1 %
Adjusted EBITDA(1)26 %
26 %
Adjusted net income(1)18 %
18 %
(1)These are non-GAAP financial measures. Please see the "Use of Non-GAAP Financial Measures" section below for more information about our presentation of these non-GAAP financial measures, including a reconciliation to the most directly comparable GAAP financial measures for the relevant period.Conference Call and Webcast InformationZillow Group will host a live webcast to discuss these results today at 2 p.m. Pacific time (5 p.m. Eastern time). Please register for the live event at https://zillow-q1-26-financial-results.open-exchange.net/. A shareholder letter and link to both the live webcast and recorded replay of the call may be accessed in the Quarterly Results section of Zillow Group's Investor Relations website.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, statements regarding the company's business strategies, the execution of those strategies, and their impact on consumers and real estate professionals. Statements containing words such as "may," "believe," "anticipate," "expect," "intend," "plan," "project," "predict," "will," "projections," "continue," "estimate," "outlook," "guidance," "would," "could," "strive" or similar expressions constitute forward-looking statements. Forward-looking statements are made based on assumptions as of May 6, 2026, and although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee these results. Differences in Zillow Group's actual results from those described in these forward-looking statements may result from actions taken by Zillow Group as well as from risks and uncertainties beyond Zillow Group's control.Factors that may contribute to such differences include, but are not limited to: the health and stability of the economy and United States residential real estate industry, including changes in inflationary conditions, interest rates, housing availability and affordability, labor shortages and supply chain issues; our ability to manage advertising, product inventory and pricing, and to maintain relationships with our real estate partners; our ability to establish or maintain relationships with listing and data providers, which affects traffic to our mobile apps and websites; or changes to our rights to use or timely access listing data, or to the quality or quantity of such listing data; our ability to comply with current and future rules and requirements promulgated by National Association of REALTORS®, multiple listing services, or other real estate industry groups or governing bodies, or decisions to repeal, amend or not enforce such rules and requirements; our ability to navigate industry changes, including as a result of past, pending or future lawsuits, settlements or government investigations, which may include lawsuits, settlements or investigations in which we are not a named party; uncertainties related to policy changes, enforcement priorities, or government shutdowns at the federal and state levels; our ability to continue to innovate and compete to attract customers and real estate partners; our ability to effectively invest resources to pursue new strategies, develop new products and services and expand existing products and services into new markets; our ability to operate and grow Zillow Home Loans' mortgage operations, including the ability to obtain or maintain sufficient financing to fund the origination of mortgages, meet customers' financing needs with product offerings, continue to grow origination operations and resell originated mortgages on the secondary market; the duration and impact of natural disasters, climate change, geopolitical events, and other catastrophic events (including public health crises) on our ability to operate, demand for our products or services, or general economic conditions; our public statements, disclosures, targets, and product features related to sustainability matters; our ability to maintain adequate security controls or technology systems, or those of third parties on which we rely, to protect data integrity and the information and privacy of our customers and other third parties; our ability to navigate any significant disruption in service on our mobile apps or websites or in our network; the impact of past, pending or future litigation and other disputes or enforcement actions, which may include lawsuits or investigations to which we are not a party; our ability to attract, engage, and retain a highly skilled workforce; mergers, acquisitions, investments, strategic partnerships, capital-raising activities, or other corporate transactions or commitments by us or our competitors; our ability to continue relying on third-party services to support critical functions of our business; our ability to protect and continue using our intellectual property and prevent others from copying, infringing upon, or developing similar intellectual property, including as a result of artificial intelligence; our ability to comply with domestic and international laws, regulations, rules, contractual obligations, policies and other obligations, or to obtain or maintain required licenses to support our business and operations; our ability to pay our debt or to raise additional capital or refinance our indebtedness on acceptable terms, or at all; actual or anticipated fluctuations in quarterly and annual results of operations and financial position; actual or perceived inaccuracies in the assumptions, estimates and internal or third-party data that we use to calculate business, performance and operating metrics; and volatility of our Class A common stock and Class C capital stock prices.The foregoing list of risks and uncertainties is illustrative but not exhaustive. For more information about potential factors that could affect Zillow Group's business and financial results, please review the "Risk Factors" described in Zillow Group's publicly available filings with the United States Securities and Exchange Commission. Except as may be required by law, Zillow Group does not intend and undertakes no duty to update this information to reflect future events or circumstances.About Zillow Group, Inc.Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries, and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.Please visit https://investors.zillowgroup.com, www.zillow.com/news, www.x.com/zillowgroup, and www.linkedin.com/company/zillow, where Zillow Group discloses information about the company, its financial information, and its business that may be deemed material.Logos for Zillow Group and some of its key brands are available at https://zillow.com/news/logos/. (ZFIN)Use of Non-GAAP Financial MeasuresTo provide investors with additional information regarding our financial results and liquidity, this press release includes references to Adjusted EBITDA, Adjusted net income, Diluted adjusted net income per share, and Adjusted free cash flow, all of which are non-GAAP financial measures not calculated or presented in accordance with GAAP. We have provided a reconciliation below of each non-GAAP financial measure to the most directly comparable GAAP financial measure.Adjusted EBITDAAdjusted EBITDA is a key metric used by our management and Board of Directors to measure operating performance and trends and to prepare and approve our annual budget. In particular, we believe the exclusion of certain expenses in calculating Adjusted EBITDA facilitates operating performance comparisons on a period-to-period basis.Our use of Adjusted EBITDA has limitations as an analytical tool, and you should not consider this measure in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are:Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs;Adjusted EBITDA does not consider the potentially dilutive impact of share-based compensation;Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditures or contractual commitments;Adjusted EBITDA does not reflect interest expense or other income, net;Adjusted EBITDA does not reflect income taxes; andOther companies, including companies in our own industry, may calculate Adjusted EBITDA differently from the way we do, limiting its usefulness as a comparative measure.Because of these limitations, you should consider Adjusted EBITDA alongside other financial performance measures, including various cash-flow metrics, net income, and our other GAAP results.Adjusted Net Income and Diluted Adjusted Net Income Per ShareOur presentation of Adjusted net income and Diluted adjusted net income per share excludes the impact of share-based compensation and income taxes. These measures are not key metrics used by our management or Board of Directors to measure operating performance or otherwise manage the business. However, we provide Adjusted net income and Diluted adjusted net income per share as supplemental information to investors, as we believe the exclusion of the results of share-based compensation and income taxes facilitates investors' operating performance comparisons on a period-to-period basis. You should not consider Adjusted net income and Diluted adjusted net income per share in isolation or as substitutes for analysis of our results as reported under GAAP.Adjusted Free Cash FlowWe define Adjusted free cash flow as net cash provided by operating activities adjusted for purchases of property and equipment, purchases of intangible assets, net borrowings (repayments) on master repurchase agreements, and the initial payment in connection with the Redfin rentals partnership. Borrowings (repayments) on master repurchase agreements are used to fund Zillow Home Loans mortgage loan originations, and we consider them part of our ongoing liquidity management. The initial payment in connection with the Redfin rentals partnership was considered a one-time and nonrecurring cash flow, and we exclude it from our calculation as we believe it impacts the ability to evaluate the liquidity of our business operations on a period-to-period basis.We have included Adjusted free cash flow in this press release as it is a key metric used by our management to evaluate the effectiveness of our business strategies and execution and our ability to consistently generate cash from our core operations on a period-to-period basis.Our use of Adjusted free cash flow has limitations as an analytical tool, and you should not consider this measure in isolation or as a substitute for analysis of our results as reported under GAAP. Adjusted free cash flow does not represent the residual cash flow available for discretionary expenditures. Other companies, including companies in our own industry, may calculate Adjusted free cash flow differently from the way we do, limiting its usefulness as a comparative measure.Reconciliations of Non-GAAP Financial MeasuresThe following table presents a reconciliation of Adjusted EBITDA to net income for each of the periods presented (in millions, unaudited):
Three Months Ended
March 31,
2026
2025Net income$ 46
$ 8Income taxes2
—Other income, net(16)
(22)Depreciation and amortization 65
65Share-based compensation81
97Interest expense4
5Adjusted EBITDA$ 182
$ 153The following table presents a reconciliation of Adjusted net income to net income and associated per-share metrics for each of the periods presented (in millions, except per-share data, unaudited):
Three Months EndedMarch 31,
2026
2025Net income$ 46
$ 8Share-based compensation81
97Income taxes2
—Adjusted net income$ 129
$ 105
Diluted net income per share$ 0.19
$ 0.03Diluted adjusted net income per share $ 0.53
$ 0.41The following table provides a reconciliation of Adjusted free cash flow to net cash provided by operating activities for the periods presented (in millions, unaudited):
Three Months Ended
March 31,
2026
2025Net cash provided by operating activities$ 200
$ 104Purchases of property and equipment(34)
(36)Purchases of intangible assets(10)
(108)Net borrowings (repayments) on master repurchase agreements(29)
28Initial payment in connection with Redfin rentals partnership—
100Adjusted free cash flow$ 127
$ 88 View original content to download multimedia:https://www.prnewswire.com/news-releases/zillow-group-reports-first-quarter-2026-financial-results-302764351.htmlSOURCE Zillow Group, Inc. Original: Zillow Group Reports First-Quarter 2026 Financial Results
US Market News
2月前
Higher rates stalled the sales recovery, Zillow's April Market Report showsMay 6, 2026 8:00 AM
PR Newswire (US) New listings grew faster than sales for the first time this yearSEATTLE, May 6, 2026 /PRNewswire/ -- Housing inventory is building while buyer demand reverted to a more cautious stance relative to March. For the first time in 2026, new listings grew more on an annual basis than home sales did, according to the Zillow® April Market Report. The supply side of the market is loosening. New listings totaled more than 426,000 in April, up 2.1% from a year earlier, while home sales were roughly flat — down 0.4% year over year. Active inventory rose 3.7% from last April, putting the total number of homes for sale at 1.3 million nationwide.Slightly friendlier conditions for buyers point to the chance of a quick rebound if rates fall back to the 6% range seen earlier this year. Even with the recent spike in mortgage rates, buyers who waited out last year's market are entering on slightly better terms this spring, with more options, improved affordability and a little more time to decide.The monthly mortgage payment on a typical U.S. home fell 3.4% year over year to $1,829 in April, even as home values edged up 0.7% to $366,712. Homes are taking a bit longer to find a buyer, with the typical listing going pending in 17 days — one day longer than a year ago. The share of listings with a price cut fell from last year, but remains elevated compared to historical norms"The spring rebound we anticipated at the start of the year and that produced the stronger sales figures in March was put on pause in April by higher rates," said Mischa Fisher, chief economist at Zillow. "Still, someone who held off in 2025 hoping conditions would improve has seen that improvement. With more homes to choose from and lower monthly costs than a year ago, the math has shifted in favor of buyers even if the moment may not feel like it. There's still plenty of reason for optimism that we will see a quick rebound if rates cooperate."Home Values & Mortgage PaymentsThe typical U.S. home value is $366,712.The Zillow Home Value Index (ZHVI) rose 0.6% month over month in April. Home values are 0.7% higher than a year earlier.The monthly mortgage payment on a typical U.S. home is $1,829, assuming a 20% down payment and excluding taxes and insurance. That is 3.4% lower than last year.InventoryThere were 1.3 million homes for sale nationwide in April.Active inventory was 3.7% higher than a year earlier. Inventory rose 5.8% from March.New for-sale listings totaled 426,356 in April, up 2.1% from a year earlier and up 10.7% from March.Sales323,631 homes were sold in April, according to the preliminary Zillow sales count nowcast. That is 0.4% lower than a year earlier and up 7.9% from March. These figures will be revised mid-month.Newly pending listings, which measures listings that changed from for-sale to pending status rather than closed sales, shows 7.1% growth from a year earlier and a 5.6% increase over March.CompetitionHomes took a median of 17 days to go pending in April. That was one day longer than a year earlier and two days shorter than March.The share of listings with a price cut in April was 23.5%. That was down one percentage point from a year earlier and up 0.9 percentage points from March.25.4% of homes sold above list price in March, the most recent data available. That was 1.6 percentage points lower than a year earlier and 3.2 percentage points higher than February.RentsThe typical rent nationwide is $1,930, according to the Zillow Observed Rent Index. That's 1.9% higher than a year earlier and up 0.6% from March.39.8% of rental listings on Zillow offered a concession in April. That's five percentage points higher than a year earlier and flat from March.Local data can be found on Zillow's market explorer. The Zillow May Market Report is expected to be released June 4.Zillow April Market ReportMetro Area*Typical
Home
ValueHome
Value
Change:
MoMHome
Value
Change:
YoYInventory
Change:
YoYSales
Count
Change:
YoYTypical
Rent
(ZORI)Rent
Change:
MoMRent
Change:
YoYUnited States$366,7120.6 %0.7 %3.7 %-0.4 %$1,9300.6 %1.9 %New York, NY$717,7500.4 %3.9 %3.1 %-14.8 %$3,4060.9 %4.2 %Los Angeles, CA$964,0970.6 %-0.1 %4 %-0.5 %$2,8920.4 %1.2 %Chicago, IL$348,9291 %4.4 %0.1 %5.8 %$2,2190.9 %5.4 %Dallas, TX$363,7270.4 %-3.3 %-2 %8 %$1,6600.6 %-0.2 %Houston, TX$306,4410.3 %-2 %8.5 %1.6 %$1,6190.3 %-0.9 %Washington, DC$579,2160.6 %-0.7 %10.7 %0.4 %$2,3750.6 %-0.1 %Philadelphia, PA$385,9890.8 %2.5 %7.4 %-10.1 %$1,9010.4 %3.5 %Miami, FL$472,2490.2 %-2.8 %-11.7 %4.4 %$2,6830.4 %0.9 %Atlanta, GA$379,8020.4 %-2.2 %3.6 %-5.7 %$1,8250.3 %1.2 %Boston, MA$732,5230.9 %1.4 %8.9 %-3.7 %$3,1840.8 %2.2 %Phoenix, AZ$446,1610.1 %-1.8 %0.3 %4.7 %$1,7410.2 %-0.7 %San Francisco, CA$1,139,3101.1 %-0.9 %-9.6 %8.5 %$3,2061 %6.5 %Riverside, CA$584,7320.3 %-1.1 %-3.2 %-2.7 %$2,5100.5 %2 %Detroit, MI$265,0561 %2.8 %14.2 %-9.4 %$1,4810.5 %2.3 %Seattle, WA$744,0710.4 %-2.1 %25.9 %-4.4 %$2,2080.6 %1.5 %Minneapolis, MN$388,6230.9 %2.1 %22 %-4.2 %$1,6980.7 %3.6 %San Diego, CA$938,9000.7 %-0.9 %1.5 %2.4 %$2,9140.4 %1.5 %Tampa, FL$357,2260.2 %-3.2 %-5.9 %1.4 %$1,9970.4 %-1.3 %Denver, CO$568,8960.5 %-3 %-0.5 %7.3 %$1,8870.6 %-1.5 %Baltimore, MD$401,5500.7 %0.8 %8.5 %-3.1 %$1,8940.1 %2 %St. Louis, MO$272,2210.9 %2.9 %7.8 %-2.2 %$1,4360.4 %3.6 %Orlando, FL$384,6380.2 %-3 %-3.2 %0.1 %$1,9630.6 %0.3 %Charlotte, NC$387,1140.4 %-0.4 %14.2 %-3.1 %$1,7330.4 %0.4 %San Antonio, TX$278,6440.4 %-1.9 %4.8 %10.4 %$1,3980.2 %-1.7 %Portland, OR$547,0230.5 %-1 %9.2 %4.3 %$1,7890.5 %0.8 %Sacramento, CA$578,5750.5 %-1.6 %0.1 %5.9 %$2,2580.7 %1.9 %Pittsburgh, PA$226,4920.9 %0.7 %10.7 %-9.8 %$1,5070.7 %3.9 %Cincinnati, OH$306,6620.9 %2.5 %16.1 %-0.2 %$1,5570.5 %3.6 %Austin, TX$425,2310.4 %-6 %-3.4 %18 %$1,6040.5 %-2.2 %Las Vegas, NV$428,4370.1 %-3 %5.5 %-7 %$1,7340.4 %-0.1 %Kansas City, MO$325,7201.1 %3.6 %7.2 %3.3 %$1,5260.6 %3.3 %Columbus, OH$327,8790.8 %1.1 %13.5 %1.1 %$1,5160.6 %1.7 %Indianapolis, IN$292,4970.7 %1.3 %23 %1.2 %$1,5170.3 %2.5 %Cleveland, OH$247,5161.2 %4.3 %10.7 %-2.3 %$1,441-0.2 %4.2 %San Jose, CA$1,601,2280.5 %-2.2 %5.7 %-1.1 %$3,5341 %5.1 %Nashville, TN$452,9440.5 %-0.9 %16.7 %3.1 %$1,7840.5 %-0.2 %Virginia Beach, VA$370,4980.7 %2.5 %6.7 %-3.6 %$1,8430.5 %6 %Providence, RI$518,8130.9 %3.2 %4 %-12.7 %$2,1540.5 %4.7 %Jacksonville, FL$349,8000.4 %-1.6 %-13.9 %3.3 %$1,6920.7 %1 %Milwaukee, WI$382,8301.3 %5.3 %17.6 %14.6 %$1,5400.7 %3.8 %Oklahoma City, OK$244,5250.4 %1 %7 %4.2 %$1,3920.4 %3 %Raleigh, NC$436,1450.4 %-2.1 %22.2 %8.8 %$1,6740.3 %0.1 %Memphis, TN$244,9870.5 %0.1 %17 %N/A$1,4320.2 %0.5 %Richmond, VA$393,0620.9 %2.3 %8.1 %8.9 %$1,7360.5 %3.3 %Louisville, KY$278,7520.5 %1.7 %23.7 %8.4 %$1,3770.5 %2.3 %New Orleans, LA$261,1480.7 %3.2 %0.1 %6.7 %$1,6150.2 %-0.2 %Salt Lake City, UT$564,3700.4 %1 %5.6 %N/A$1,6311.5 %0.1 %Hartford, CT$394,3181.2 %5.2 %-0.4 %-7.7 %$1,9400.6 %2.9 %Buffalo, NY$282,9371.3 %4.8 %8.6 %-2.2 %$1,417-0.1 %3.2 %Birmingham, AL$259,4620.6 %2.1 %7 %4.9 %$1,4220.6 %1.5 %*Table ordered by market sizeForward-looking statements
This press release includes forward-looking statements about future housing market conditions, mortgage rates, rental trends and other economic factors. These statements are based on current expectations and assumptions, which are subject to change. Actual outcomes may differ materially due to changes in economic and market conditions. Forward-looking statements speak only as of the date of this release, and Zillow Group undertakes no obligation to update them.About Zillow Group
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN) View original content to download multimedia:https://www.prnewswire.com/news-releases/higher-rates-stalled-the-sales-recovery-zillows-april-market-report-shows-302763574.htmlSOURCE Zillow Original: Higher rates stalled the sales recovery, Zillow's April Market Report shows
US Market News
3月前
Gone in 7 days: One-third of homes sell within a week in the fastest markets, while others sitApril 23, 2026 8:00 AM
PR Newswire (US)
Homes that sell within seven days are 2.6 times more likely to sell above asking priceNationally, 18.5% of homes went pending within seven days in February 2026, according to a Zillow analysis. In the fastest markets — St. Louis, Hartford and Seattle — more than 1 in 3 homes sold that quickly.Homes that went pending within seven days were 2.6 times more likely to sell above asking price than the typical listing in February 2026 — 44.3% of these fast-selling homes sold above list price, compared to 17.1% of all homes.Last month, the gap between how fast sold homes move and how long all active listings sit reached its widest point for any March since 2020. The typical sold home went pending after 19 days, while the median active listing had been on the market for 56 days.SEATTLE, April 23, 2026 /PRNewswire/ -- A new Zillow® analysis reveals that the U.S. housing market is operating on two distinct tracks. Desirable, well-priced homes continue to sell quickly, though this group is shrinking. Other homes are lingering longer than they have in years. These numbers look similar to what would have been expected before the pandemic, pointing to a housing market that is settling into its new normal.
The gap between how quickly sold homes move and how long all inventory sits reached its widest point for any March since 2020. This March, the typical home that sold went pending in 19 days, while the median age of all active listings was 56 days — a 37-day difference. That gap was as narrow as nine days in April 2022. The divide reflects a market where buyers have more choices and more leverage than they have had in years, and where homes that stand out are rewarded, while others wait.Nationally, 18.5% of homes went pending within seven days in February 2026, the latest month with complete sales data. In the fastest markets — including St. Louis, Hartford and Seattle — more than one-third of all homes sell that quickly. Among those fast-selling homes, 44.3% sold above asking price, compared to just 17.1% of all homes, making homes that sold within a week 2.6 times more likely to have attracted a bidding war. That's the second-highest such multiple in Zillow's data going back to 2018."The cream of the crop is still selling fast, even in markets that have slowed considerably," said Orphe Divounguy, senior economist at Zillow. "However, higher costs are putting buyers under pressure, so they are more choosy than during the pandemic frenzy. Desirability is ultimately a function of price, and getting the pricing strategy right from day one can be the difference between a week on the market and months. Sellers who meet buyers' current expectations of price, versus higher price expectations during the pandemic, can still sell their home quickly."The divergence between homes that sell fast and homes that linger reflects a return to a more balanced housing market. Challenging financial conditions have limited the pool of buyers, yet those still in the market are benefiting from more options and bargaining power. Sellers whose listings check every box sell quickly, while others linger.The divide plays out differently depending on where you look. Several Midwest markets where relative affordability has kept demand steady — including St. Louis, Cincinnati and Kansas City — have at least 3 in 10 homes selling within seven days. Sun Belt markets where inventory has surged — including Austin, San Antonio, Charlotte and Jacksonville — have fewer than 1 in 10 homes selling that quickly. Buyers in these markets have far more options and less incentive to make an immediate offer.For buyers and sellers navigating this market, preparation and timing matter, and Zillow Preview? gives both sides an edge. Sellers can gain insights into their pricing and marketing strategy by gauging buyer interest before their home officially hits the market. Buyers get early visibility into homes heading to market directly in their regular Zillow search, giving them time to connect with an agent, get pre-approved and be ready to move the moment a home goes live. In a market where the best homes are gone in days, that head start can make all the difference.Metro Area*Median Days to
Pending (March
2026)Median Age of All
Active Listings
(March 2026)Share of Homes
Sold Within 7 Days
(February 2026)Share of Homes
Sold Within 7 Days
That Sold Above
List (February
2026)Share of All Homes
Sold Above List
(February 2026)United States195618.5 %44.3 %17.1 %New York, NY25495.6 %53.4 %33.9 %Los Angeles, CA184014.4 %56.1 %32.3 %Chicago, IL82625.0 %58.5 %24.7 %Dallas, TX255213.6 %36.5 %9.6 %Houston, TX347311.9 %28.1 %7.5 %Washington, DC72433.5 %62.1 %28.1 %Philadelphia, PA92728.2 %60.7 %29.2 %Miami, FL531048.9 %19.4 %4.9 %Atlanta, GA33598.6 %36.1 %12.7 %Boston, MA81828.7 %69.6 %32.6 %Phoenix, AZ285221.1 %24.4 %8.9 %San Francisco, CA132017.6 %79.6 %55.0 %Riverside, CA265512.4 %48.9 %23.8 %Detroit, MI124022.8 %61.7 %23.9 %Seattle, WA92634.7 %58.1 %25.4 %Minneapolis, MN182711.5 %68.0 %22.9 %San Diego, CA153319.2 %59.0 %31.5 %Tampa, FL366916.3 %29.9 %8.2 %Denver, CO133525.2 %51.0 %17.8 %Baltimore, MD82730.4 %62.8 %29.7 %St. Louis, MO62536.4 %57.2 %27.5 %Orlando, FL347314.8 %31.2 %8.4 %Charlotte, NC18488.0 %43.5 %12.6 %San Antonio, TX42827.5 %23.2 %7.0 %Portland, OR124027.4 %59.3 %23.2 %Sacramento, CA112624.6 %62.5 %29.5 %Pittsburgh, PA114822.3 %47.1 %16.3 %Cincinnati, OH62733.1 %37.9 %17.4 %Austin, TX40542.7 %40.0 %8.9 %Las Vegas, NV306413.6 %29.4 %10.0 %Kansas City, MO52433.3 %55.1 %23.1 %Columbus, OH62630.3 %47.7 %19.8 %Indianapolis, IN133522.3 %32.7 %11.4 %Cleveland, OH72531.2 %52.9 %24.0 %San Jose, CA111722.4 %83.9 %60.9 %Nashville, TN235117.2 %20.7 %6.6 %Virginia Beach, VA23339.4 %48.9 %25.4 %Providence, RI112624.6 %75.8 %35.6 %Jacksonville, FL46658.0 %22.7 %7.3 %Milwaukee, WI133211.0 %79.7 %39.0 %Oklahoma City, OK255821.2 %31.5 %12.3 %Raleigh, NC153619.5 %45.9 %12.3 %Memphis, TN246017.4 %25.4 %10.7 %Richmond, VA61633.9 %58.5 %28.2 %Louisville, KY123925.1 %35.6 %13.6 %New Orleans, LA389112.8 %26.0 %5.4 %Salt Lake City, UT153520.2 %50.3 %17.8 %Hartford, CT61135.1 %86.1 %48.9 %Buffalo, NY101614.6 %78.6 %41.8 %Birmingham, AL155422.3 %50.6 %17.5 %*Table ordered by market sizeAbout Zillow Group
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/gone-in-7-days-one-third-of-homes-sell-within-a-week-in-the-fastest-markets-while-others-sit-302751216.htmlSOURCE Zillow
Original: Gone in 7 days: One-third of homes sell within a week in the fastest markets, while others sit
US Market News
3月前
Brokerages continue joining Zillow Preview as agents and sellers seek broader market exposureApril 10, 2026 9:00 AM
PR Newswire (US)
Nearly 60 brokerages and franchisors have now joined Zillow Preview to help sellers build early demand and go to market with momentumSEATTLE, April 10, 2026 /PRNewswire/ -- Brokerages across the country are choosing a more open approach to pre-market listings — giving their agents and sellers early exposure to the largest online audience in real estate. A new group of 28 brokerages have signed on to offer Zillow Preview?, bringing the total number of participating brokerages and franchisors to nearly 60.
The additional brokerages who have joined in the latest wave include The Keyes Family of Companies (The Keyes Company and Illustrated Properties), 8z Real Estate, Russell Real Estate Services, Seven Gables Real Estate, NorthGroup Real Estate, Homes of Idaho, Delex Realty, Home Grown Group Realty, JohnHart Real Estate, Nest Realty, Realty Masters, Beverly & Company, Newport & Company, W Real Estate, Thrive Real Estate Group , KOMAR, Bella Realty Group, ICON Realty Experts, Queenston Realty, Libertas Real Estate, The Advantage Group, ROI Real Estate, Lamica Realty, Intege Realty, Arizona Proper Real Estate, Grace Hagerty Real Estate Inc, Real Estate Fixed and iad Real Estate, signaling broad industry alignment around a more open and transparent approach to pre-market listings.These firms join dozens of other brokerages and franchisors offering their agents Zillow Preview and expanding early visibility for sellers, agents and buyers at a moment in the housing market when that is more critical than ever.The early response underscores a broader point: when given the choice, agents and sellers are opting for access over restriction.A clear shift in how pre-market listings are brought to marketThe vast majority of the industry has long believed listings should be broadly visible. Zillow Preview makes that possible as early as the pre-market period, giving buyers a look at what's coming and giving agents and their sellers a public way to build demand while keeping pre-market listings visible to the full marketplace. Zillow Preview gives anyone with a phone or computer access to this pre-market inventory. It helps brokerages give their agents a more competitive way to win listings and refine their selling strategy with early exposure to the largest online real estate audience while also creating new opportunities for agents to earn more."Pre-market listings belong in the daylight — giving sellers the broadest possible exposure and giving all buyers access without the requirement to get past a registration wall or work with one particular brokerage," said Errol Samuelson, Chief Industry Development Officer at Zillow. "Our research is clear: the best outcomes for sellers come from the broadest competition among buyers. Zillow Preview delivers exactly that - early visibility, early demand signals, early momentum — all while providing equal, unfettered access for buyers. That is what an open and transparent marketplace looks like."Zillow Preview listings are publicly visible on Zillow and Trulia, and buyers are never required to work with a specific brokerage to view or inquire about a home. Unlike private listing networks — where buyers have to work with one firm just to see what listings exist — Zillow Preview gives sellers the pre-market window they want with real buyer exposure from 235 million average monthly unique users, not a private network that limits who sees the listing.Zillow has worked for two decades to bring transparency and access to real estate, and Zillow Preview continues that mission by shining a light on listings that might otherwise remain out of view.Adoption across brokerages of all sizes and geographiesThe newest partners reflect the breadth of the real estate ecosystem — from regional brands to boutique independent brokerages — reinforcing that Zillow Preview is resonating across geographies, business models and brokerage sizes. These consumer-first brokerages are interested in making pre-market listings widely available and excited about the tangible benefits for their agents."For 100 years, The Keyes Company has thrived by asking one question: What do consumers need right now, and how do we deliver it? Throughout our history that has meant innovating to provide more transparency, more exposure, and more opportunity," said Mike Pappas, CEO of The Keyes Family of Companies (The Keyes Company and Illustrated Properties). "Zillow Preview gives sellers and their agents a new choice: the ability to start marketing early while still reaching the broadest possible audience. Our agents compete on expertise, relationships, and service, and this gives them another powerful tool to deliver maximum exposure on a marketplace where 70% of buyers already start their search. That's the kind of option our agents want to offer, and it's what sellers and buyers deserve.""At 8z, we have always believed that buyers and sellers are best served by an open, transparent market. Zillow Preview aligns directly with that belief," said Ryan Carter, President and CEO of 8z Real Estate. "By making pre-market listings publicly visible to everyone, not just a select network, we are giving our sellers the broad exposure they deserve and giving buyers access to more homes. That is good for our clients, good for our agents, and good for the market overall.""We're very excited about Zillow Preview! It's not only a powerful tool for agents, buyers and sellers, but also a natural progression for Zillow in their adherence to innovate products and services that actually benefit buyers and sellers, " said Dave Ness, President of Thrive Real Estate Group. "In today's confusing environment, Zillow Preview will bring much needed clarity and transparency to both buyers searching for homes—who deserve to see all available inventory—and sellers who deserve greater latitude to market their homes the way they deem most effective.""Zillow was founded on transparency, and as the most visited real estate app and website in the United States, it plays a critical role in how consumers begin their journey," said Jolene Weinstein, CEO and Broker-Owner of Intege Realty. "Our clients hire and trust us to maximize, not limit, exposure for their homes. While some in the industry continue to push for reduced visibility for financial gain, we believe that approach harms consumers. At Intege Realty, our fiduciary duty is to the client, not to the opportunity of double-ending deals. Zillow not only supports that transparency but also creates meaningful opportunities for agents to connect with consumers in a more modern way. I'm proud to be part of Zillow Preview."Expanding opportunity for agents, buyers and sellersZillow Preview listings will receive enhanced placement in search results and email alerts during the pre-market period, allowing buyers to discover, save and share upcoming listings and connect with the listing agent or pre-schedule tours before the home hits the active market. These insights help agents refine their selling strategy, leveraging insights from Zillow's unmatched audience of buyers to help build toward the official go-live moment.It also creates an opportunity for listing agents to share in the revenue Zillow earns when a buyer who connects through a Zillow Preview listing ultimately transacts with a Zillow Preferred agent, with fees paid by Zillow at no additional cost to consumers or agents.How Zillow Preview works:Listings appear publicly on Zillow and Trulia before going active in the MLS — visible to all buyers, not limited to any brokerage's networkBuyers can connect with the listing agent directly, or schedule tours with an agent of their own choosing — no brokerage lock-in, no registration wallElevated placement in search results and email alerts during the pre-market period builds buyer demand before go-liveListing agents may earn a portion of the revenue Zillow earns when a deal closes through a Zillow Preferred Agent — paid by Zillow, at no cost to consumers or agentsDisplay options for days on Zillow and price history are seller - and agent - controlledDesigned to work within local MLS frameworks and support brokers and agents in complying with their local rulesHow brokerages can participateZillow Preview is available to brokerages that believe listings should be widely visible to the public, including in the earliest window of marketing. Agents can then choose, with their sellers, whether to use it as part of their listing strategy.Brokerages interested in learning more can visit the Zillow Preview interest page here.About Zillow GroupZillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people. As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more. Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing. Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing. All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.Forward-Looking Statements This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, statements regarding our business strategies, the execution of those strategies, our competitive positioning and market opportunity, and the impact of our proposed product changes on our business and industry. These statements are based on current expectations and assumptions, which are subject to change. Actual outcomes may differ materially from those described in these forward-looking statements due to technological and regulatory developments, changes in housing market or competitive conditions, and other factors described in Zillow Group's filings with the U.S. Securities and Exchange Commission. We undertake no obligation to update the forward-looking statements in this communication except as required by law.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/brokerages-continue-joining-zillow-preview-as-agents-and-sellers-seek-broader-market-exposure-302739003.htmlSOURCE Zillow
Original: Brokerages continue joining Zillow Preview as agents and sellers seek broader market exposure
US Market News
3月前
Spring housing market accelerates despite mortgage rate spike, Zillow's March Market Report showsApril 6, 2026 8:00 AM
PR Newswire (US)
Pending sales posted their largest March increase in five yearsSEATTLE, April 6, 2026 /PRNewswire/ -- The housing market sprang forward in March, even as rising mortgage rates began to chip away at earlier affordability gains, according to the Zillow® March Market Report. Newly pending listings rose 4.6% from a year earlier to record the second-largest monthly total since the end of the pandemic boom in August 2022, a positive signal as home shopping season opens.
Mortgage rates climbed from 5.98% at the end of February to 6.38% in late March, according to Freddie Mac. That increase cut into affordability gains that had fueled optimism to start the year — the typical mortgage payment rose 1.5% from February, excluding taxes and insurance.Even so, demand held firm, with average daily page views per for-sale listing on Zillow 32% higher than last March. This demand signal outpacing inventory growth is showing the first signs of improvement since the pandemic ended. There were 281,546 newly pending listings in March — only May 2025 saw a higher total since August 2022. Both the 4.6% annual increase and 29.8% monthly increase are highs for March over the past five years.Home values continued to rise modestly, up 0.8% from a year earlier, a slight acceleration from February's 0.4% annual growth. Inventory rose on an annual basis for the 28th consecutive month. New listings were essentially flat, up 0.1% year over year, which marked an improvement from January and February when new listings were below prior-year levels."Buyers and sellers have been navigating uncertainty and market volatility in some form since the onset of the pandemic, and this month's concern over energy prices is no different," said Mischa Fisher, chief economist at Zillow. "However, we have persistent signals that the market has turned a corner. Pent-up demand from three years of low sales volume and winter storms in January and February, along with the tailwind from lower mortgage rates earlier in the year, seem to have buoyed the market as home shopping season kicked off. In particular, the rapid acceleration of daily page views per listing we saw in March was a noteworthy improvement over the dormant market of recent years."Home Values & Mortgage PaymentsThe typical U.S. home value is $365,545.The Zillow Home Value Index (ZHVI) rose 0.6% month over month in March. Home values are 0.8% higher than a year earlier.The monthly mortgage payment on a typical U.S. home is $1,789, assuming a 20% down payment and excluding taxes and insurance. That is 4.4% lower than last year.InventoryThere were 1.23 million homes for sale nationwide in March.Active inventory was 4.2% higher than a year earlier. Inventory rose 9.5% from February.New for-sale listings totaled 384,854 in March, up 0.1% from a year earlier and up 35.6% from February.SalesNewly pending listings, which measures listings that changed from for-sale to pending status rather than closed sales, shows 4.6% growth from a year earlier and a 29.8% increase over February.300,398 homes were sold in March, according to the preliminary Zillow sales count nowcast. That is 3.7% higher than a year earlier and up 25.2% from February. These figures will be revised mid-month.CompetitionHomes took a median of 19 days to go pending in March. That was two days longer than a year earlier and nine days shorter than February.The share of listings with a price cut in March was 22.6%. That was down 0.8 percentage points from a year earlier and up 2.4 percentage points from February.RentsThe typical rent nationwide is $1,910, according to the Zillow Observed Rent Index (ZORI). That's 1.8% higher than a year earlier and up 0.6% from February.39.8% of rental listings on Zillow offered a concession in March. That's flat from a year earlier and up 0.6 percentage points from February.Local data can be found on Zillow's market explorer. The Zillow April Market Report is expected to be released May 6.Zillow March Market ReportMetro Area*Typical
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YoYUnited States$365,5450.6 %0.8 %4.2 %$1,9100.6 %1.8 %New York, NY$718,6880.7 %4.4 %-1.6 %$3,3370.9 %4.2 %Los Angeles, CA$962,9350.8 %-0.2 %4.9 %$2,8950.5 %0.8 %Chicago, IL$345,0600.8 %4.5 %-1.6 %$2,1801.1 %5.6 %Dallas, TX$362,2160.3 %-3.3 %3.8 %$1,6450.4 %-0.1 %Houston, TX$306,2080.3 %-1.9 %11.9 %$1,6100.1 %-0.9 %Washington, DC$577,7110.6 %-0.5 %9.5 %$2,3470.6 %-0.1 %Philadelphia, PA$384,1360.8 %2.8 %1.2 %$1,8690.4 %3.4 %Miami, FL$472,2620.4 %-3.1 %-8.4 %$2,6650.3 %0.7 %Atlanta, GA$377,8850.3 %-2.2 %3.2 %$1,8110.3 %1.2 %Boston, MA$728,8400.8 %1.7 %6.8 %$3,1480.9 %2.0 %Phoenix, AZ$446,4700.3 %-1.6 %4.6 %$1,7350.4 %-0.8 %San Francisco, CA$1,139,1191.6 %-1.2 %-7.1 %$3,1611.1 %6.4 %Riverside, CA$583,9850.5 %-1.1 %-2.1 %$2,4930.4 %1.8 %Detroit, MI$262,3970.8 %3.1 %14.3 %$1,4730.3 %2.3 %Seattle, WA$741,9130.5 %-1.8 %23.8 %$2,1920.4 %1.5 %Minneapolis, MN$384,8350.7 %2.2 %15.1 %$1,6810.4 %3.6 %San Diego, CA$939,1091.0 %-1.4 %2.8 %$2,8900.4 %1.4 %Tampa, FL$357,2220.4 %-3.4 %-2.6 %$1,9880.2 %-1.6 %Denver, CO$566,7260.5 %-2.9 %4.4 %$1,8580.6 %-1.2 %Baltimore, MD$399,6110.7 %1.0 %6.9 %$1,8680.2 %2.1 %St. Louis, MO$270,4420.9 %3.0 %5.5 %$1,4160.5 %3.8 %Orlando, FL$384,8070.3 %-3.1 %-2.2 %$1,9370.4 %0.0 %Charlotte, NC$386,4380.5 %-0.4 %10.9 %$1,7260.5 %0.5 %San Antonio, TX$278,0800.4 %-1.9 %7.8 %$1,3910.6 %-1.6 %Portland, OR$544,6570.5 %-0.9 %10.2 %$1,7800.5 %0.9 %Sacramento, CA$577,1730.7 %-1.6 %-0.7 %$2,2250.4 %1.7 %Pittsburgh, PA$223,7440.5 %1.1 %7.1 %$1,4790.6 %3.9 %Cincinnati, OH$304,9210.9 %2.7 %13.3 %$1,5490.8 %3.6 %Austin, TX$422,0240.1 %-5.9 %2.1 %$1,5790.4 %-2.3 %Las Vegas, NV$429,3340.3 %-2.7 %8.7 %$1,7270.3 %-0.4 %Kansas City, MO$322,3291.0 %3.5 %5.3 %$1,5030.5 %3.2 %Columbus, OH$325,6470.7 %1.3 %7.3 %$1,5140.8 %1.7 %Indianapolis, IN$290,3590.6 %1.5 %15.6 %$1,5140.6 %2.6 %Cleveland, OH$244,6060.9 %4.5 %4.3 %$1,4190.1 %4.6 %San Jose, CA$1,611,7121.3 %-1.8 %7.6 %$3,4700.7 %4.8 %Nashville, TN$452,3780.5 %-0.7 %12.9 %$1,7840.2 %-0.2 %Virginia Beach, VA$369,1830.7 %2.4 %2.6 %$1,8190.7 %6.0 %Providence, RI$514,0350.7 %3.1 %-5.1 %$2,1270.9 %4.9 %Jacksonville, FL$348,3070.3 %-1.6 %-11.4 %$1,6790.4 %0.6 %Milwaukee, WI$379,8541.3 %5.7 %12.0 %$1,5040.7 %3.6 %Oklahoma City, OK$244,1070.4 %1.4 %10.2 %$1,3790.5 %2.8 %Raleigh, NC$434,6800.5 %-2.1 %26.0 %$1,6620.5 %0.2 %Memphis, TN$244,0540.5 %0.2 %13.9 %$1,4350.4 %0.9 %Richmond, VA$390,6330.8 %2.2 %10.3 %$1,6910.5 %3.6 %Louisville, KY$277,2260.6 %2.4 %23.4 %$1,3710.6 %2.4 %New Orleans, LA$257,3860.5 %3.0 %3.9 %$1,6100.4 %0.0 %Salt Lake City, UT$560,3200.3 %1.5 %10.0 %$1,6071.0 %-0.6 %Hartford, CT$390,1831.1 %5.3 %-7.5 %$1,9310.8 %2.9 %Buffalo, NY$279,5141.0 %4.7 %11.3 %$1,3740.5 %4.0 %Birmingham, AL$259,5990.9 %2.2 %12.1 %$1,4070.5 %1.6 %*Table ordered by market sizeForward-looking statements
This press release includes forward-looking statements about future housing market conditions, mortgage rates, rental trends and other economic factors. These statements are based on current expectations and assumptions, which are subject to change. Actual outcomes may differ materially due to changes in economic and market conditions. Forward-looking statements speak only as of the date of this release, and Zillow Group undertakes no obligation to update them.About Zillow Group
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/spring-housing-market-accelerates-despite-mortgage-rate-spike-zillows-march-market-report-shows-302734189.htmlSOURCE Zillow
Original: Spring housing market accelerates despite mortgage rate spike, Zillow's March Market Report shows
US Market News
4月前
Zillow Preview gains rapid momentum as dozens of new brokerages sign onMarch 25, 2026 1:00 PM
PR Newswire (US)
24 additional firms sign agreements, accelerating shift toward open, public pre-market listings on Zillow and TruliaSEATTLE, March 25, 2026 /PRNewswire/ -- One week after introducing Zillow Preview?, Zillow is already seeing strong industry momentum with 24 additional brokerages signing on to bring pre-market home listings into the open on Zillow and Trulia. These brokerages are partnering with Zillow to expand early visibility for sellers, agents and buyers at a critical moment in the home shopping journey.
This rapid adoption signals increasing demand across the industry for a more transparent, consumer-first approach to sharing pre-market listings and builds on last week's launch announcement. New partners joining Zillow Preview span the real estate ecosystem:Franchisor: Engel & VölkersBrokerage network: Leading Real Estate Companies of the World® (LeadingRE)Brokerages: SERHANT., Samson Properties, Vanguard Properties, West USA Realty, Berkshire Hathaway HomeServices (BHHS) — the franchise network owned by HomeServices of America, 54 Realty, Bastion Realty, DASH Carolina, Dwelli, ehomes, Heather & Company Realty Group, Hester Group Realtors, Joe Stockdale Real Estate, Palm Paradise Realty Group, Pemberton Real Estate, Regal Realtors, Spyglass Realty, Levi Rodgers Real Estate Group, Move Real Estate, Stephen Cooley Real Estate, Navigate Realty and Works Real Estate.These firms join initial launch partners Keller Williams, REMAX, HomeServices of America, Side and United Real Estate.Zillow Preview gives listing agents a new way to tap into Zillow's unmatched audience of 235 million average monthly unique users, nearly 2.5x the reach of the nearest competitor. Preview listings on Zillow and Trulia receive elevated placement in search results and saved-home alerts so motivated buyers can discover homes earlier. Listing agents also have an opportunity to earn more from their listings: in some cases, when a buyer who connects through a Zillow Preview listing closes with a Zillow Preferred agent, the listing agent may receive a share of the revenue Zillow earns. That fee is paid by Zillow at no additional cost to consumers or agents."Zillow Preview was just announced, but the signal from the industry is undeniable," said Jeremy Wacksman, Chief Executive Officer at Zillow. "Brokerages and their agents want an early marketing option that's public, transparent and easy for consumers to find, not hidden behind a private gate. This level of early adoption shows we're building something that aligns with where the market is headed."Brokerages explain the benefits of Zillow PreviewFor these partners, Zillow Preview is a way for agents to launch a listing in a public marketplace, giving sellers broader exposure and buyers access. It turns an early listing window into a visible, data-rich part of the journey rather than something that happens in the shadows."Engel & Völkers firmly believes that full market exposure delivers the strongest outcomes for both buyers and sellers," said Stuart Siegel, president and CEO, Engel & Völkers Americas. "At the same time, we recognize that in certain markets and client situations, a more tailored, pre-marketing approach may be appropriate. Ultimately, broader consumer reach creates greater opportunity, which is why we've partnered with Zillow, leveraging its leading position among real estate platforms to maximize visibility and results for our clients.""This relationship is a vital part of the LeadingRE Global Preview program, which gives our network's 135,000 sales associates and their clients greater choice in how they introduce properties to the market. Zillow's unmatched reach and brand recognition in the U.S. make it an ideal complement to our extensive global network spanning six continents," said Paul Boomsma, CEO of Leading Real Estate Companies of the World®.
"At Samson Properties, we believe the seller's best interest comes first, always! That means maximizing exposure, not limiting it. The more buyers who see a home, the more competition you create and the better the outcome for the seller," said Donny Samson, CEO of Samson Properties. "Coming soon and Preview marketing can be a valuable tool for gathering feedback and refining pricing strategy, we don't believe properties should be sold off-market or hidden behind private networks. That restricts demand and ultimately works against the seller."
"Our partnership with Zillow reflects that philosophy. If a listing is going to be pre-marketed, it should be exposed to the largest audience possible. Zillow provides the scale, visibility and data to do exactly that.As the number one brokerage in our market by total sales, we have the ability to keep listings internal - but we choose not to. Because our responsibility isn't to maximize our own transactions. It's to maximize our clients' results.""We're excited to announce our partnership with Zillow to elevate how properties are marketed across the San Francisco Bay Area," said Vanguard Properties Founder and CEO, James Nunemacher. "Through close collaboration with our clients and agents, Zillow Preview introduces a new way to gain pre-market exposure- operating fully within existing MLS policies. This initiative expands opportunities for compliant, early-stage marketing that helps engage potential buyers sooner in the sales cycle.""We believe sellers deserve choice, transparency and maximum exposure," said Clint Fouts, President & CEO of West USA Realty. "Zillow Preview gives our agents another tool to help sellers create momentum while remaining compliant with MLS rules and local regulations."As adoption accelerates, Zillow Preview continues to expand, grounded in one core principle: don't hide the home — launch it in the open.How brokerages can participateZillow Preview is available to brokerages that believe listings should be widely visible to the public, including in the earliest window of marketing. Access is unlocked at the brokerage level; agents then decide, with their sellers, whether to use Zillow Preview as part of their listing strategy. Once a listing goes active for sale, it should be entered into an agent's MLS consistent with local rules. Zillow Preview is structured to work within MLS frameworks and brokers and agents are responsible for understanding and complying with their local MLS rules.Brokerages interested in learning more can visit the Zillow Preview interest page here.Zillow Preview listings from launch partners are expected to be publicly visible on Zillow and Trulia next month.About Zillow GroupZillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people. As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more. Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing. Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing. All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.Forward-Looking Statements This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, statements regarding our business strategies, the execution of those strategies, our competitive positioning and market opportunity, and the impact of our proposed product changes on our business and industry. These statements are based on current expectations and assumptions, which are subject to change. Actual outcomes may differ materially from those described in these forward-looking statements due to technological and regulatory developments, changes in housing market or competitive conditions, and other factors described in Zillow Group's filings with the U.S. Securities and Exchange Commission. We undertake no obligation to update the forward-looking statements in this communication except as required by law.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/zillow-preview-gains-rapid-momentum-as-dozens-of-new-brokerages-sign-on-302725149.htmlSOURCE Zillow
Original: Zillow Preview gains rapid momentum as dozens of new brokerages sign on
US Market News
4月前
Zillow debuts AI mode, bringing guided intelligence to every step of the housing journeyMarch 25, 2026 6:00 AM
PR Newswire (US)
Built into Zillow's platform, it connects live listings data across for-sale and rental homes with personalized, real-world actions such as tour scheduling and connecting with an agentSEATTLE, March 25, 2026 /PRNewswire/ -- Zillow® today announced Zillow AI mode, a new experience that helps buyers and renters discover homes through conversation, receive guidance and take real steps such as scheduling tours or connecting with a local agent.
This new way to Zillow is designed for anyone exploring housing — from dreamers browsing late at night to renters comparing tradeoffs between apartment buildings, buyers exploring financing, and sellers planning their next move. Over time, this experience will become foundational to how people move through the real estate journey on Zillow."We're connecting the entire housing journey with AI in a way that hasn't been possible before," said Jeremy Wacksman, CEO of Zillow. "Because Zillow operates across search, touring, financing, connections to professionals, transacting and closing, we can turn insight and data into real-world action, helping people move from discovery to keys in hand."Built into the most-visited real estate marketplace in the U.S., Zillow AI mode helps people understand homes, explore affordability questions, compare options and book a tour directly within the experience. For years, home search has meant setting filters, scrolling through listings, opening multiple tabs and windows, pulling up a calculator to piece together whether a place actually works. Now, a renter can ask, "Can I afford this apartment if I move in June?" Unlike when using standalone AI tools, a buyer can say, "Find similar homes within my budget that are closer to light rail."The platform shift is currently available in beta to a limited group of Zillow users. Zillow plans to expand this experience throughout 2026.Turning search into coordinated action
Zillow AI mode adapts to each mover's activity over time, remembering preferences across sessions and providing context-aware guidance using Zillow's data, expertise and custom AI models."For years, navigating a move has meant piecing together information across tools, conversations and steps. Zillow AI mode transforms that into something far more useful: an experience that understands what people need and helps them take action," said Josh Weisberg, senior vice president of AI at Zillow. "We've spent years building the data, infrastructure and models to power this shift. Buying or renting a home is one of the biggest financial decisions most people make. This AI brings clarity to one of life's most complex decisions, helping people understand what they can afford, what matters in a home, and even challenge and explore the Zestimate in real-time."Because Zillow brings together touring, affordability, financing, collaboration with agents and decision-making across tradeoffs throughout the transaction, Zillow AI mode can:Feature / CapabilityExample Prompts a Shopper Might AskCompare options and highlight tradeoffs"What tradeoffs should I consider when looking at this home?" or "Compare units in this building."Estimate the cost ranges for repairs or upgrades using local data"How much would it cost to do a total renovation of this bathroom?"Interpret listing events like price cuts in market context"I see a recent price cut. How might that impact my offer strategy?"Explain affordability, including BuyAbility"Can I afford to buy this home?"Scenario plan across renting and buying"Should I rent or buy in this location? I'm planning to stay for at least a year."Provide neighborhood and local insights"Tell me how this home compares to others in the area and tell me what it's like to live in this neighborhood. Include nearby amenities, shops, and parks."Summarize property policies and requirements"What is the pet policy for this rental?"Schedule tours or apply directly within the experience"Can I book a tour for this home this weekend?" or "I'd like to apply for this rental."Connect users with a trusted local agent or professional"Connect me with an agent to learn more about this home."Explain and contextualize the Zestimate"How has this home's Zestimate changed over time?"Analyze offer competitiveness based on comparable sales, market conditions, and property-specific factors"What would a fair offer be for this home?" or "I'm planning to put an offer in for this house with my agent for 500k with waived contingencies. Help me understand how competitive my offer is."Explain how comparables, market conditions, and listing signals can impact a home's list price"Why is this house listed at this price? Is it priced to sell quickly?"In early testing, many questions focus on affordability, neighborhood insights and comparing homes with specific features. These insights signal that people come to Zillow ready to make real decisions — understanding what they can afford, where they want to live, and what tradeoffs they are willing to make.Helping people connect at the right momentZillow AI mode supports people throughout their real estate journey, helping them engage with a real estate professional or rental property manager at the right time. By answering common questions about homes, affordability and local markets, Zillow AI mode helps users prepare for more productive conversations when they connect with a professional.When movers reach out to an agent or property manager, they arrive with clearer priorities and context, helping professionals focus on the next steps in the transaction.Responsible AI, built for housing
As AI becomes more embedded in everyday decisions, trust matters. Zillow AI mode is built with responsible innovation principles at its core, grounded in verified listings data, designed for transparency and focused on empowering consumers rather than overwhelming them.Zillow AI mode incorporates Zillow's Fair Housing Classifier, a real-time guardrail that evaluates both customer questions and AI responses to help prevent discriminatory steering to uphold federal, state and local protections. User interactions are governed by Zillow's privacy policies and housing-specific compliance standards.Because Zillow operates as a licensed real estate brokerage, Zillow AI mode is designed to function within established industry regulations and professional standards — supporting, not replacing, licensed expertise in the transaction.Zillow has invested in AI across its platform for 20 years, from the Zestimate and natural language search to affordability tools and Zillow Showcase, with immersive experiences like 3D home tours, interactive floor plans and virtual staging. Zillow AI mode builds on that foundation, bringing intelligence directly into the heart of the consumer experience.About Zillow Group:
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime® and dotloop®.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/zillow-debuts-ai-mode-bringing-guided-intelligence-to-every-step-of-the-housing-journey-302724267.htmlSOURCE Zillow
Original: Zillow debuts AI mode, bringing guided intelligence to every step of the housing journey
US Market News
4月前
/C O R R E C T I O N -- Zillow Group, Inc./March 24, 2026 4:21 PM
PR Newswire (US)
In the news release, Zillow Group to highlight AI-native housing platform strategy at AI Summit for Investors, issued 24-Mar-2026 by Zillow Group, Inc. over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows:
Zillow Group to highlight AI-native housing platform strategy at AI Summit for Investors
Company reaffirms first-quarter, full-year outlook and mid-cycle targets while providing new mid-cycle net income margin targetSEATTLE, March 24, 2026 /PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG) today is hosting an AI Summit for Investors, highlighting how the company is leading the next era of residential real estate. This half-day event will showcase how Zillow connects the end-to-end moving journey — including home discovery, renting, touring, buying, selling and financing — in an AI-native housing platform where consumers and professionals can take action. At the event, Zillow executives will share the company's product and platform strategy and demonstrate new and evolving consumer and professional experiences.
"Zillow's AI-native housing platform makes moving simpler and more connected, helping people move with clarity and confidence," said Zillow Chief Executive Officer Jeremy Wacksman. "We've built Zillow as a destination where high-intent consumers come to make decisions and act on them to buy, sell, finance, and rent. With two decades of innovation and building our proprietary data and integrated AI into core workflows, we're uniquely positioned to deliver better outcomes for consumers and industry professionals that we expect will drive durable growth for Zillow."Zillow's AI strategy also benefits from being the most visited real estate app and website in the United States, with a deeply engaged audience of 235 million average monthly unique users — 80% of whom come directly to Zillow — and sustained engagement over months as consumers search, compare, tour and plan their move. This depth of consumer intent, combined with Zillow's breadth across both For Sale and Rentals, positions the company at the center of the housing journey for both consumers and industry professionals.Advancing an AI-native housing platformAt the summit, Zillow leaders will outline how the company is building a unified housing operating system, with advantages across content, context and integration powering its AI strategy:Proprietary housing content: Comprehensive inventory across existing homes, rentals and new construction, enriched with structured data and immersive mediaHigh-intent consumer context: First-party behavioral signals across search, touring, financing and transaction activity that improve over timeIntegrated transaction infrastructure: Software and workflows embedded across touring, CRM, financing and closing that enable consumers and professionals to complete transactions within Zillow's platformZillow is applying intelligence across each stage of the housing journey, from discovery to closing, to improve consumer experiences and empower real estate professionals.Financial outlook and mid-cycle targetsZillow continues to execute across For Sale and Rentals. The company is reaffirming its first-quarter and full-year 2026 financial outlook and its mid-cycle financial targets while providing a new mid-cycle net income margin target. Reaffirming ranges for first quarter 2026 financial outlook: For the three months ending March 31, 2026, we expect: Total revenue of $700 million to $710 millionAdjusted EBITDA1 of $160 million to $175 millionReaffirming full-year 2026 financial outlook: For the full year 2026, year over year we expect: Mid-teens total revenue growth, including Rentals revenue growth of approximately 30% Continued Adjusted EBITDA margin expansionShare-based compensation to decrease by more than 10%Reaffirming mid-cycle financial targets and providing mid-cycle net income margin target: For the mid-cycle, assuming a normalized housing market, we are targeting total revenue of $5 billion, Adjusted EBITDA margin of 45%, and net income margin of 25%.Additional details will be provided during the event and in related presentation materials, which will be made available on the company's Investor Relations website.Webcast informationIn-person attendance is by invitation only. A live webcast will begin at 9 a.m. ET / 6 a.m. PT Tuesday, March 24. The live webcast and replay will be available on the Events & Presentations section of Zillow Group's Investor Relations website. About Zillow GroupZillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people. As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more. Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.Forward-looking statementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, statements regarding the company's full-year and mid-term financial targets, the company's business and product strategies, the execution of those strategies, and their impact on consumers and real estate professionals. Statements containing words such as "may," "believe," "anticipate," "expect," "intend," "plan," "project," "predict," "will," "projections," "continue," "estimate," "outlook," "guidance," "would," "could," "strive" or similar expressions constitute forward-looking statements. Forward-looking statements are made based on assumptions as of March 24, 2026, and although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee these results. Differences in Zillow Group's actual results from those described in these forward-looking statements may result from actions taken by Zillow Group as well as from risks and uncertainties beyond Zillow Group's control. Factors that may contribute to such differences include, but are not limited to: the health and stability of the economy and United States residential real estate industry, including changes in inflationary conditions, interest rates, housing availability and affordability, labor shortages and supply chain issues; our ability to manage advertising, product inventory and pricing, and to maintain relationships with our real estate partners; our ability to establish or maintain relationships with listing and data providers, which affects traffic to our mobile apps and websites; or changes to our rights to use or timely access listing data, or to the quality or quantity of such listing data; our ability to comply with current and future rules and requirements promulgated by National Association of REALTORS®, multiple listing services, or other real estate industry groups or governing bodies, or decisions to repeal, amend or not enforce such rules and requirements; our ability to navigate industry changes, including as a result of past, pending or future lawsuits, settlements or government investigations, which may include lawsuits, settlements or investigations in which we are not a named party; uncertainties related to policy changes, enforcement priorities, or government shutdowns at the federal and state levels; our ability to continue to innovate and compete to attract customers and real estate partners; our ability to effectively invest resources to pursue new strategies, develop new products and services and expand existing products and services into new markets; our ability to operate and grow Zillow Home Loans' mortgage operations, including the ability to obtain or maintain sufficient financing to fund the origination of mortgages, meet customers' financing needs with product offerings, continue to grow origination operations and resell originated mortgages on the secondary market; the duration and impact of natural disasters, climate change, geopolitical events, and other catastrophic events (including public health crises) on our ability to operate, demand for our products or services, or general economic conditions; our public statements, disclosures, targets, and product features related to sustainability matters; our ability to maintain adequate security controls or technology systems, or those of third parties on which we rely, to protect data integrity and the information and privacy of our customers and other third parties; our ability to navigate any significant disruption in service on our mobile apps or websites or in our network; the impact of past, pending or future litigation and other disputes or enforcement actions, which may include lawsuits or investigations to which we are not a party; our ability to attract, engage, and retain a highly skilled workforce; mergers, acquisitions, investments, strategic partnerships, capital-raising activities, or other corporate transactions or commitments by us or our competitors; our ability to continue relying on third-party services to support critical functions of our business; our ability to protect and continue using our intellectual property and prevent others from copying, infringing upon, or developing similar intellectual property, including as a result of artificial intelligence; our ability to comply with domestic and international laws, regulations, rules, contractual obligations, policies and other obligations, or to obtain or maintain required licenses to support our business and operations; our ability to pay our debt or to raise additional capital or refinance our indebtedness on acceptable terms, or at all; actual or anticipated fluctuations in quarterly and annual results of operations and financial position; actual or perceived inaccuracies in the assumptions, estimates and internal or third-party data that we use to calculate business, performance and operating metrics; and volatility of our Class A common stock and Class C capital stock prices.The foregoing list of risks and uncertainties is illustrative but not exhaustive. For more information about potential factors that could affect Zillow Group's business and financial results, please review the "Risk Factors" described in Zillow Group's publicly available filings with the United States Securities and Exchange Commission. Except as may be required by law, Zillow Group does not intend and undertakes no duty to update this information to reflect future events or circumstances.1 We have not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss) or forecasted Adjusted EBITDA margin to forecasted GAAP net income (loss) margin within this release because we are unable, without making unreasonable efforts, to calculate certain reconciling items with confidence. These items include but are not limited to: income taxes that are directly impacted by unpredictable fluctuations in the market price of our capital stock; depreciation and amortization from new acquisitions; impairments of assets; and acquisition-related costs. These items, which could materially affect the computation of forecasted GAAP net income (loss) and GAAP net income (loss) margin, are inherently uncertain and depend on various factors, many of which are outside of our control.A footnote has been added.
View original content to download multimedia:https://www.prnewswire.com/news-releases/zillow-group-to-highlight-ai-native-housing-platform-strategy-at-ai-summit-for-investors-302722922.htmlSOURCE Zillow Group, Inc.
Original: /C O R R E C T I O N -- Zillow Group, Inc./
US Market News
4月前
Zillow Group to highlight AI-native housing platform strategy at AI Summit for InvestorsMarch 24, 2026 8:45 AM
PR Newswire (US)
Company reaffirms first-quarter, full-year outlook and mid-cycle targets while providing new mid-cycle net income margin targetSEATTLE, March 24, 2026 /PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG) today is hosting an AI Summit for Investors, highlighting how the company is leading the next era of residential real estate. This half-day event will showcase how Zillow connects the end-to-end moving journey — including home discovery, renting, touring, buying, selling and financing — in an AI-native housing platform where consumers and professionals can take action. At the event, Zillow executives will share the company's product and platform strategy and demonstrate new and evolving consumer and professional experiences.
"Zillow's AI-native housing platform makes moving simpler and more connected, helping people move with clarity and confidence," said Zillow Chief Executive Officer Jeremy Wacksman. "We've built Zillow as a destination where high-intent consumers come to make decisions and act on them to buy, sell, finance, and rent. With two decades of innovation and building our proprietary data and integrated AI into core workflows, we're uniquely positioned to deliver better outcomes for consumers and industry professionals that we expect will drive durable growth for Zillow."Zillow's AI strategy also benefits from being the most visited real estate app and website in the United States, with a deeply engaged audience of 235 million average monthly unique users — 80% of whom come directly to Zillow — and sustained engagement over months as consumers search, compare, tour and plan their move. This depth of consumer intent, combined with Zillow's breadth across both For Sale and Rentals, positions the company at the center of the housing journey for both consumers and industry professionals.Advancing an AI-native housing platformAt the summit, Zillow leaders will outline how the company is building a unified housing operating system, with advantages across content, context and integration powering its AI strategy:Proprietary housing content: Comprehensive inventory across existing homes, rentals and new construction, enriched with structured data and immersive mediaHigh-intent consumer context: First-party behavioral signals across search, touring, financing and transaction activity that improve over timeIntegrated transaction infrastructure: Software and workflows embedded across touring, CRM, financing and closing that enable consumers and professionals to complete transactions within Zillow's platformZillow is applying intelligence across each stage of the housing journey, from discovery to closing, to improve consumer experiences and empower real estate professionals.Financial outlook and mid-cycle targetsZillow continues to execute across For Sale and Rentals. The company is reaffirming its first-quarter and full-year 2026 financial outlook and its mid-cycle financial targets while providing a new mid-cycle net income margin target. Reaffirming ranges for first quarter 2026 financial outlook: For the three months ending March 31, 2026, we expect: Total revenue of $700 million to $710 millionAdjusted EBITDA of $160 million to $175 millionReaffirming full-year 2026 financial outlook: For the full year 2026, year over year we expect: Mid-teens total revenue growth, including Rentals revenue growth of approximately 30% Continued Adjusted EBITDA margin expansionShare-based compensation to decrease by more than 10%Reaffirming mid-cycle financial targets and providing mid-cycle net income margin target: For the mid-cycle, assuming a normalized housing market, we are targeting total revenue of $5 billion, Adjusted EBITDA margin of 45%, and net income margin of 25%.Additional details will be provided during the event and in related presentation materials, which will be made available on the company's Investor Relations website.Webcast informationIn-person attendance is by invitation only. A live webcast will begin at 9 a.m. ET / 6 a.m. PT Tuesday, March 24. The live webcast and replay will be available on the Events & Presentations section of Zillow Group's Investor Relations website. About Zillow GroupZillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people. As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more. Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.Forward-looking statementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, statements regarding the company's full-year and mid-term financial targets, the company's business and product strategies, the execution of those strategies, and their impact on consumers and real estate professionals. Statements containing words such as "may," "believe," "anticipate," "expect," "intend," "plan," "project," "predict," "will," "projections," "continue," "estimate," "outlook," "guidance," "would," "could," "strive" or similar expressions constitute forward-looking statements. Forward-looking statements are made based on assumptions as of March 24, 2026, and although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee these results. Differences in Zillow Group's actual results from those described in these forward-looking statements may result from actions taken by Zillow Group as well as from risks and uncertainties beyond Zillow Group's control. Factors that may contribute to such differences include, but are not limited to: the health and stability of the economy and United States residential real estate industry, including changes in inflationary conditions, interest rates, housing availability and affordability, labor shortages and supply chain issues; our ability to manage advertising, product inventory and pricing, and to maintain relationships with our real estate partners; our ability to establish or maintain relationships with listing and data providers, which affects traffic to our mobile apps and websites; or changes to our rights to use or timely access listing data, or to the quality or quantity of such listing data; our ability to comply with current and future rules and requirements promulgated by National Association of REALTORS®, multiple listing services, or other real estate industry groups or governing bodies, or decisions to repeal, amend or not enforce such rules and requirements; our ability to navigate industry changes, including as a result of past, pending or future lawsuits, settlements or government investigations, which may include lawsuits, settlements or investigations in which we are not a named party; uncertainties related to policy changes, enforcement priorities, or government shutdowns at the federal and state levels; our ability to continue to innovate and compete to attract customers and real estate partners; our ability to effectively invest resources to pursue new strategies, develop new products and services and expand existing products and services into new markets; our ability to operate and grow Zillow Home Loans' mortgage operations, including the ability to obtain or maintain sufficient financing to fund the origination of mortgages, meet customers' financing needs with product offerings, continue to grow origination operations and resell originated mortgages on the secondary market; the duration and impact of natural disasters, climate change, geopolitical events, and other catastrophic events (including public health crises) on our ability to operate, demand for our products or services, or general economic conditions; our public statements, disclosures, targets, and product features related to sustainability matters; our ability to maintain adequate security controls or technology systems, or those of third parties on which we rely, to protect data integrity and the information and privacy of our customers and other third parties; our ability to navigate any significant disruption in service on our mobile apps or websites or in our network; the impact of past, pending or future litigation and other disputes or enforcement actions, which may include lawsuits or investigations to which we are not a party; our ability to attract, engage, and retain a highly skilled workforce; mergers, acquisitions, investments, strategic partnerships, capital-raising activities, or other corporate transactions or commitments by us or our competitors; our ability to continue relying on third-party services to support critical functions of our business; our ability to protect and continue using our intellectual property and prevent others from copying, infringing upon, or developing similar intellectual property, including as a result of artificial intelligence; our ability to comply with domestic and international laws, regulations, rules, contractual obligations, policies and other obligations, or to obtain or maintain required licenses to support our business and operations; our ability to pay our debt or to raise additional capital or refinance our indebtedness on acceptable terms, or at all; actual or anticipated fluctuations in quarterly and annual results of operations and financial position; actual or perceived inaccuracies in the assumptions, estimates and internal or third-party data that we use to calculate business, performance and operating metrics; and volatility of our Class A common stock and Class C capital stock prices.The foregoing list of risks and uncertainties is illustrative but not exhaustive. For more information about potential factors that could affect Zillow Group's business and financial results, please review the "Risk Factors" described in Zillow Group's publicly available filings with the United States Securities and Exchange Commission. Except as may be required by law, Zillow Group does not intend and undertakes no duty to update this information to reflect future events or circumstances.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/zillow-group-to-highlight-ai-native-housing-platform-strategy-at-ai-summit-for-investors-302722922.htmlSOURCE Zillow Group, Inc.
Original: Zillow Group to highlight AI-native housing platform strategy at AI Summit for Investors
US Market News
4月前
Cottagecore, customization & quartzite: Zillow's 2026 home features that sell for moreMarch 24, 2026 8:00 AM
PR Newswire (US)
Today's buyers are paying a premium for personalized homes that feel like a retreat Cottage-inspired lifestyle features, such as docks and outdoor fireplaces, help homes sell for as much as 5.4% more.Quartzite sells homes for more, compared to any other countertop material, including soapstone or marble. Customized, turnkey homes can sell for upward of 3% more than similar homes. SEATTLE, March 24, 2026 /PRNewswire/ -- Buyers are opening their wallets wider for home features worthy of a bingeable TV show: a charming cottage, crackling outdoor fireplace and sunset views from a private dock. New Zillow® research finds that homes with lifestyle-driven amenities and move-in-ready finishes are selling for as much as 5.4% more than expected, or about $19,500 extra on the typical home. The takeaway: Buyers today want comfort, customization and cost certainty, in homes that could fit right in on the set of their favorite on-screen drama. 'I'm coming to the cottage'The modern coastal aesthetic is heating up on-screen — and in real life. Homes with a dock sell for 5.4% more than expected. An outdoor kitchen can boost sale prices by 4.4%, and an outdoor shower adds 4.3%. Even the word "cottage" carries weight in a listing, associated with a 3.2% sale premium. Waterfront homes sell for 3% more, and an outdoor fireplace adds another 2.8%."Cottagecore taps into a desire for homes that feel like an escape from everyday life," said Amanda Pendleton, Zillow's home trends expert. "After years of busy schedules and screen time, buyers are drawn to spaces that encourage slowing down, where they can picture sunset dinners by the water or s'mores around the fire. Even if the home isn't actually a vacation property, buyers are willing to pay more for features that make everyday life feel like a getaway."Quartzite steals the spotlightIn the kitchen, quartzite is the new star of the show. Homes that mention quartzite countertops sell for 5.3% more than expected, surpassing quartz (3%), soapstone (2.7%), marble (1.9%) and onyx (1.6%).This material feels elevated yet durable, which may explain its growing appeal. Buyers want kitchens that look beautiful in photos but can also handle real life.Personal touches net higher pricesOnce considered risky, personalization is now a selling point. Listings that highlight custom features sell for 3.2% more than expected, and bespoke finishes are linked to a 3% premium.Highly personal, purpose-built spaces are resonating, too. For example, a gourmet kitchen designed for the home chef adds a 3% premium, while a golf simulator gives a 2.7% boost. Buyers are embracing homes that reflect their hobbies and passions, especially when those features are already thoughtfully designed and ready to use.No fixer-uppers, pleaseToday's buyers are also making one thing clear: They don't want a project. Turnkey homes sell for 2.9% more than expected, and remodeled homes command 2.2% more than similar homes that don't tout their renovations. Meanwhile, fixer-uppers sell for 14% less."When affordability is tight, the last thing buyers want is another expensive project waiting for them," said Zillow Senior Economist Kara Ng. "Homes that are already updated and thoughtfully designed can command higher prices because buyers can roll those costs into their mortgage, rather than paying for expensive improvements after closing."Takeaways for sellersIf your home already has one of these sought-after features, make sure it shines in the listing description. But there's no need to rush into renovations just before putting a home on the market. Sellers can often boost their sale price in simpler ways:List at the right moment. Timing can make a meaningful difference. Zillow's latest Best Time to List analysis shows that homes listed in late May sell for about 1.7% more, roughly $6,000 extra on a typical home.Get strategic. Zillow Preview is a way to publicly introduce a home to buyers before it officially goes active on the market. It allows sellers and agents to use real-time buyer responses, such as shares, saves and tour requests, to refine the selling strategy before a listing goes live.Focus on digital first impressions. Today's buyers often fall in love online. Zillow research indicates that listings with high-resolution photography, virtual tours and interactive floor plans, which are all included in Zillow Showcase? listings, tend to sell faster and for more money.About the researchZillow analyzed more than 2 million homes listed for sale in 2025, looking for more than 600 common phrases used in listing descriptions. To understand how these phrases might affect a home's sale price, we first estimated what each home was likely to sell for based on factors like its location, size, type of home, number of bedrooms and bathrooms, and when it was listed.Next, we compared that estimate to the home's actual sale price. This helped us measure whether certain listing features or phrases were linked to a higher sale price than expected.When we say a home "sold for more than expected," we mean it sold for more than similar homes with comparable characteristics. In this context, a "premium" simply means that a particular feature or phrase is associated with a higher sale price compared to similar homes without it, not that the home sold for more than its Zestimate or asking price.About Zillow GroupZillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people. As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more. Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.
View original content:https://www.prnewswire.com/news-releases/cottagecore-customization--quartzite-zillows-2026-home-features-that-sell-for-more-302722915.htmlSOURCE Zillow Group, Inc.
Original: Cottagecore, customization & quartzite: Zillow's 2026 home features that sell for more
US Market News
4月前
Zillow becomes official partner of Major League Baseball, bringing 'home' to America's national pastimeMarch 23, 2026 1:00 PM
PR Newswire (US)
Multiyear partnership puts Zillow to the full MLB season, including tentpole moments and the postseasonSEATTLE, March 23, 2026 /PRNewswire/ -- Zillow® is stepping up to the plate. The company today announced a multiyear partnership with Major League Baseball (MLB), becoming the official real estate and home rentals marketplace partner of MLB.
The agreement spans the baseball calendar, from spring training and home openers through the postseason, and includes national broadcasting, streaming, digital and in-stadium integrations. The partnership brings together two brands connected by a single idea: home."Baseball is one of the few places where getting 'home' is literally the point of the game," said Beverly W. Jackson, vice president of Brand and Product Marketing at Zillow. "And for millions of Americans, exploring homes online has become a pastime of its own. But Zillow is more than where the journey starts — we're building tools and products to help buyers, sellers and renters move through every step on their journey home."In baseball, everything revolves around home — home plate, home field advantage and cheering for the home team. At Zillow, our mission is to make home a reality for more and more people. As America's national pastime, baseball is a game of milestones, from first games to season-defining moments that mark a watershed event. Zillow sees those same milestones every day, from first homes to growing households and new beginnings. This partnership connects those journeys, linking the moments celebrated at the ballpark with the decisions that shape where people call home.A season-long presence
Zillow will be active across national broadcasting, streaming and digital platforms throughout the season, including:National marketing campaigns airing across MLB Network, MLB.TV and Apple TV+Year-round league sponsorshipOn-site and hospitality experiences at All-Star Week and Postseason eventsPresenting sponsorship of Pennant Chase across MLB Owned and Operated MediaA shared language of home
Millions of renters, buyers and sellers use Zillow each month to browse listings, list their home, compare rentals, track home values and prepare for their next move. This partnership with MLB puts Zillow front and center throughout the baseball season, across broadcasts and ballparks nationwide, showing how Zillow helps people move forward and take the next step in their home journey."The start of baseball season is about the feeling that there's no place like home," said Uzma Rawn Dowler, MLB's chief marketing officer and senior vice president of Global Corporate Partnerships. "It's a fresh start filled with optimism and shared rituals. Partnering with Zillow connects that tradition to a brand that plays a meaningful role in helping people find a place of their own, and we think MLB's extensive marketing ecosystem can extend that brand connection even further."Bringing 'Someday starts today' to the season
The MLB partnership builds on Zillow's 2026 brand platform, "Someday starts today," which launched earlier this year to celebrate the belief that progress begins with a first step.At the start of every baseball season, each team believes this could be its year — its someday. By showing up across home openers, All-Star Week and the Postseason, Zillow connects that same sense of possibility to the home journey, reminding people that getting started is what turns someday into something real.Throughout 2026, Zillow will continue to be active across sports, music and other cultural moments, reinforcing its role in helping people turn someday into today.About Zillow Group:
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime® and dotloop®.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/zillow-becomes-official-partner-of-major-league-baseball-bringing-home-to-americas-national-pastime-302721736.htmlSOURCE Zillow
Original: Zillow becomes official partner of Major League Baseball, bringing 'home' to America's national pastime
US Market News
4月前
'Accidental landlords' rise to three-year high as market shiftsMarch 11, 2026 8:00 AM
PR Newswire (US)
Unsold listings make up a growing share of the rental market — the second-largest on record and trending upward 2.3% of homes listed for rent on Zillow were recently listed for sale, according to a new Zillow analysis. Only once in Zillow's nearly six-year record has the share of "accidental landlords" been higher nationwide — in November 2022.Texas and Florida markets, along with Denver, Portland and Nashville, have the largest share of these accidental-landlord properties.Would-be sellers resorting to renting instead of accepting a serious price cut indicates these homeowners don't need to liquidate distressed properties.SEATTLE, March 11, 2026 /PRNewswire/ -- A near-record (and rising) share of homeowners are turning their unsold properties into rentals1, according to new research from Zillow®. Properties owned by these "accidental landlords" account for more of the listed rental stock than at any time since 2022 — and the trend may not have peaked yet.
"As the market continues to rebalance, sellers are facing a different reality than they did a few years ago," said Kara Ng, senior economist at Zillow. "Bargaining power is tilting toward buyers and homes are taking longer to sell, making renting out a property one way to buy time rather than compete aggressively on price. After all, today's sellers are rarely forced to sell, and it appears they are often unwilling to budge off of what their heart says their home is worth."Because Zillow is a destination for both for-sale and rental listings, the platform offers a unique view into how unsold homes are increasingly reentering the market as rentals. The current record was set in November 2022, when 2.4% of the rental stock on Zillow was made up of homes that owners were unable to sell. Mortgage rates had more than doubled since the start of that year, skyrocketing from 3.11% to 7.08% by the end of October. Sellers were scrambling to adjust to a shocking new market paradigm in which buyer purchasing power had been nearly halved in mere months. Today's trend is choice-driven rather than shock-driven.The metric is highly seasonal and typically peaks in November, when would-be sellers lose hope at the close of home shopping season. Zillow's most recent data from October 2025 matches the past October high of 2.3% from 2022, and the past record high of 2.4% from November 2022 is well within reach.Major metros with the highest share of accidental landlords tend to be places where there's less competition among home buyers. These places trend toward being more buyer-friendly on Zillow's Market Heat Index, for-sale listings generally linger longer and price cuts are more common. Of the top 10, seven are in Texas or Florida.Metros with the highest share of
accidental landlordsMetros with the lowest share of accidental
landlords1) Denver: 4.9%1) Providence: 0.6%*2) Houston: 4.2%2) Boston: 0.6%*3) Austin: 4.1%3) New York: 0.7%*4) San Antonio: 3.9%4) Hartford: 0.8%*5) Portland: 3.7%5) Buffalo: 0.8%*6) Tampa: 3.7%6) Milwaukee: 1.2%*7) Miami: 3.5%7) Chicago: 1.3%8) Dallas: 3.4%8) Philadelphia: 1.4%*9) Jacksonville: 3.3%9) Cleveland: 1.5%10) Nashville: 3.2%10) Richmond: 1.5%*
* These metros were among Zillow's 10 hottest markets for 2026.Conversely, metros with the lowest share of for-sale homes turned rentals are in places where competition for for-sale homes is the hottest. Among the bottom-10 metros for accidental landlords, eight are on Zillow's list for hottest housing markets for 2026 — only Chicago and Cleveland are not.Detached single-family homes are the most common property type owned by an accidental landlord — 3.4% of single-family homes listed for rent on Zillow are owned by accidental landlords. That's compared to 2.2% for townhomes and 1.1% for condos. But the share of condo landlords in this situation has risen the most, compared to the average of the previous five years. With a lower entry price making them less sensitive to interest rates, condos did not have the same run-up in accidental landlords as detached single-family homes did in 2022. However, they did see a larger spike in the first year of the pandemic, when the perceived risks of high density and the proliferation of remote work sapped buyer demand in urban areas.The rise of would-be sellers turning into accidental landlords rather than selling for a loss — or at least a lower price than they are willing to accept — is a good indication that homeowners aren't selling out of necessity or because they are at risk of foreclosure. Recent Zillow research found that while more than half of homes lost value over the previous year, the vast majority of homeowners are ahead on their investment. Just 4.1% of homes were valued lower than their last sale, a much smaller percentage than the 11.2% of homes in the same position before the pandemic. Zillow tools make managing rentals simple
With more would-be sellers becoming landlords, Zillow has expanded its free tools designed to support homeowners navigating rentals for the first time, including listing, tenant screening, lease creation and rent collection through Zillow Rental Manager.About Zillow Group
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people. As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more. Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN)1 Homes counted as owned by an "accidental landlord" were listed for sale on Zillow for at least two weeks, unsold before being delisted and posted as a rental listing on Zillow within 3 months of being delisted.
View original content to download multimedia:https://www.prnewswire.com/news-releases/accidental-landlords-rise-to-three-year-high-as-market-shifts-302710314.htmlSOURCE Zillow
Original: 'Accidental landlords' rise to three-year high as market shifts
US Market News
4月前
Zillow's February Market Report points to spring reboundMarch 4, 2026 8:00 AM
PR Newswire (US)
Existing home sales rose 1.8% year over year amid improved affordabilitySEATTLE, March 4, 2026 /PRNewswire/ -- Home values rose for the first time in seven months and existing home sales improved from a year ago, according to the Zillow® February Market Report. The housing market is perking up as spring approaches, possibly foreshadowing a more active year for transactions after three low-volume years.
The improvement in existing home sales in February suggests January's weaker figures were likely influenced by severe winter weather, while improved affordability aligns with Zillow's forecast for increased activity this year. Lower mortgage rates have helped improve buying power by about $30,000 for a median-income household over the past year, while the typical mortgage payment is down 7.7% from a year ago, excluding taxes and insurance. A sustained dip for mortgage rates below 6% could provide a psychological boost that prompts more buyers and sellers to return to the market.New listings fell 3% from a year earlier in February, as winter storms may have continued to disrupt activity. This will be an important metric to watch in the months ahead to track how many fresh options will be available to buyers benefiting from improved affordability."Zillow's latest data suggests buyers and sellers are starting to regain confidence. Existing home sales rose from a year ago, providing an early glimmer of hope that the housing market has turned a corner after three years bouncing along the bottom," said Mischa Fisher, chief economist at Zillow. "Buyers have more homes within reach to choose from to go along with these friendlier conditions. Lower mortgage rates will also encourage more homeowners who have felt locked in to sell as they will be better able to afford their next home."Home Values & Mortgage PaymentsThe typical U.S. home value is $361,371.The Zillow Home Value Index (ZHVI) rose 0.1% month over month in February. Home values are 0.4% higher than a year earlier.The monthly mortgage payment on a typical U.S. home is $1,738, assuming a 20% down payment and excluding taxes and insurance. That is 7.7% lower than last year.InventoryThere were 1.12 million homes for sale nationwide in February.Active inventory was 5% higher than a year earlier. Inventory rose 0.4% from January.New for-sale listings totaled 283,478 in February, down 3% from a year earlier and up 4.9% from January.Sales239,910 homes were sold in February, according to the preliminary Zillow sales count nowcast. That is 1.8% higher than a year earlier and up 13% from January. These figures will be revised mid-month.Newly pending listings, which measures listings that changed from for-sale to pending status rather than closed sales, shows 3.5% growth from a year earlier and an 11.1% increase over January.CompetitionHomes took a median of 28 days to go pending in February. That was four days longer than a year earlier and 19 days shorter than January.The share of listings with a price cut in February was 20.3%. That was down 1.3 percentage points from a year earlier and down 1.7 percentage points from January.20.4% of homes sold above list price in January, the most recent data available. That was 1.8 percentage points lower than a year earlier and 1.9 percentage points lower than December.RentsThe typical rent nationwide is $1,895, according to the Zillow Observed Rent Index (ZORI). That's 1.9% higher than a year earlier and up 0.4% from January, pointing to continued deceleration of rent growth.39.2% of rental listings on Zillow offered a concession in February. That's 1.9 percentage points lower than a year earlier and up 0.3 percentage points from January.Local data can be found on Zillow's market explorer. The Zillow March Market Report is expected to be released April 6.Zillow February Market ReportMetro Area*Typical
Home
Value
(ZHVI)Home
Value
Change:
MoMHome
Value
Change:
YoYInventory
Change:
YoYSales
Count
Nowcast
Change:
YoYTypical
Rent
(ZORI)Rent
Change:
MoMRent
Change:
YoYUnited States$361,3710.1 %0.4 %5.0 %1.8 %$1,8950.4 %1.9 %New York, NY$711,7260.3 %4.1 %-2.5 %-8.3 %$3,2580.5 %4.2 %Los Angeles, CA$951,8330.3 %-0.5 %6.0 %-5.5 %$2,8840.2 %1.1 %Chicago, IL$340,8340.3 %4.2 %-4.4 %-6.5 %$2,1320.9 %5.5 %Dallas, TX$361,0200.0 %-3.6 %5.2 %-0.5 %$1,6300.3 %0.2 %Houston, TX$304,131-0.1 %-2.0 %14.7 %4.9 %$1,620-0.1 %-0.4 %Washington, DC$571,3010.1 %-0.6 %16.3 %-2.2 %$2,3310.5 %0.2 %Philadelphia, PA$376,9310.0 %2.5 %0.1 %-8.9 %$1,8590.6 %3.1 %Miami, FL$470,0750.0 %-3.9 %-5.2 %4.8 %$2,6540.2 %0.5 %Atlanta, GA$375,7280.0 %-2.4 %3.5 %-3.0 %$1,8080.2 %1.6 %Boston, MA$713,9060.0 %1.4 %3.6 %-1.4 %$3,0980.6 %1.9 %Phoenix, AZ$446,1900.1 %-1.8 %4.7 %0.4 %$1,7240.4 %-0.7 %San Francisco, CA$1,113,9130.6 %-2.0 %-8.4 %31.7 %$3,1031.1 %6.3 %Riverside, CA$580,5720.2 %-1.5 %-0.3 %-4.3 %$2,4780.4 %1.7 %Detroit, MI$259,0120.1 %2.9 %14.1 %-13.4 %$1,4610.2 %2.4 %Seattle, WA$736,7870.2 %-1.8 %28.4 %-6.3 %$2,1810.2 %1.8 %Minneapolis, MN$381,3720.2 %1.9 %14.2 %-1.5 %$1,6640.6 %4.0 %San Diego, CA$926,9350.4 %-2.0 %3.8 %-0.5 %$2,8710.5 %1.6 %Tampa, FL$355,7680.1 %-4.0 %1.6 %0.7 %$1,9760.3 %-1.4 %Denver, CO$562,4980.1 %-3.1 %9.7 %1.9 %$1,8440.3 %-1.0 %Baltimore, MD$395,1980.1 %0.7 %11.1 %6.7 %$1,8570.3 %2.5 %St. Louis, MO$266,2860.2 %2.7 %5.4 %2.1 %$1,3950.2 %3.5 %Orlando, FL$383,7040.0 %-3.6 %-0.8 %8.6 %$1,9220.3 %0.2 %Charlotte, NC$382,9940.0 %-0.6 %11.2 %-5.8 %$1,7160.3 %0.5 %San Antonio, TX$275,672-0.1 %-2.4 %8.9 %3.1 %$1,3920.2 %-1.6 %Portland, OR$540,4590.1 %-1.1 %14.4 %-0.1 %$1,7790.3 %0.9 %Sacramento, CA$571,6390.1 %-2.0 %-3.5 %-2.8 %$2,2110.2 %2.1 %Pittsburgh, PA$221,878-0.1 %1.3 %5.7 %-10.6 %$1,4460.2 %3.8 %Cincinnati, OH$300,8020.2 %2.4 %8.4 %6.9 %$1,5360.7 %3.5 %Austin, TX$421,553-0.1 %-5.9 %4.4 %2.0 %$1,5630.5 %-2.4 %Las Vegas, NV$427,252-0.1 %-2.8 %12.8 %-8.2 %$1,7200.4 %-0.1 %Kansas City, MO$317,3070.3 %3.1 %10.0 %21.9 %$1,4810.4 %3.5 %Columbus, OH$322,3720.2 %1.1 %5.7 %1.0 %$1,4840.5 %1.7 %Indianapolis, IN$287,2610.1 %1.3 %14.3 %5.1 %$1,4860.1 %2.6 %Cleveland, OH$240,5510.1 %4.2 %5.2 %-4.6 %$1,3940.8 %5.0 %San Jose, CA$1,585,4260.6 %-1.9 %6.3 %12.3 %$3,4310.7 %5.1 %Nashville, TN$446,850-0.1 %-0.9 %11.9 %2.5 %$1,7770.2 %0.2 %Virginia Beach, VA$364,1480.2 %2.0 %3.9 %0.8 %$1,7870.5 %5.7 %Providence, RI$505,6210.0 %2.7 %-2.8 %-10.5 %$2,0950.7 %4.8 %Jacksonville, FL$348,1170.2 %-2.0 %-8.2 %3.5 %$1,6660.5 %0.7 %Milwaukee, WI$371,8010.4 %5.3 %9.1 %5.7 %$1,4840.2 %3.5 %Oklahoma City, OK$241,0460.0 %1.3 %13.3 %2.6 %$1,3590.4 %2.6 %Raleigh, NC$431,4870.0 %-2.4 %28.9 %4.0 %$1,6510.4 %0.2 %Memphis, TN$241,7930.2 %-0.2 %10.5 %1.4 %$1,421-0.2 %1.2 %Richmond, VA$384,5900.1 %1.8 %6.1 %3.1 %$1,6580.7 %3.9 %Louisville, KY$274,4550.4 %2.4 %19.0 %8.2 %$1,3610.0 %1.9 %New Orleans, LA$257,2380.7 %2.8 %2.0 %-8.1 %$1,5770.3 %0.2 %Salt Lake City, UT$558,3160.1 %1.8 %16.6 %2.5 %$1,5990.1 %-0.7 %Hartford, CT$380,4880.0 %4.9 %-6.5 %4.9 %$1,886-0.1 %2.5 %Buffalo, NY$272,833-0.2 %3.9 %2.2 %11.3 %$1,3740.5 %3.6 %Birmingham, AL$256,5010.4 %1.4 %9.0 %-9.6 %$1,4060.2 %1.6 %*Table ordered by market size Forward-looking statements
This press release includes forward-looking statements about future housing market conditions, mortgage rates, rental trends and other economic factors. These statements are based on current expectations and assumptions, which are subject to change. Actual outcomes may differ materially due to changes in economic and market conditions. Forward-looking statements speak only as of the date of this release, and Zillow Group undertakes no obligation to update them.About Zillow Group
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/zillows-february-market-report-points-to-spring-rebound-302703510.htmlSOURCE Zillow
Original: Zillow's February Market Report points to spring rebound
US Market News
5月前
Zillow to host AI Summit for Investors: Leading the Next Era of Real EstateFebruary 23, 2026 5:00 PM
PR Newswire (US)
SEATTLE, Feb. 23, 2026 /PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced it will host an investor event focused on how the company continues to deliver and lead on AI innovation in real estate at 9 a.m. ET / 6 a.m. PT March 24 in New York City.
The half-day event will showcase how Zillow's integrated transaction platform enables AI to operate across the full residential journey, from home discovery through closing. Zillow embeds intelligence across interconnected consumer and professional workflows, creating a unified system that improves as more buyers, sellers, renters and agents transact on the platform — rather than limiting AI to isolated features. Senior leaders will demonstrate how this integration positions Zillow to lead how residential real estate operates in an AI-driven era. Key speakers will include Zillow Co-Founders and Co-Executive Chairmen Rich Barton and Lloyd Frink, Chief Executive Officer Jeremy Wacksman, Chief Financial Officer Jeremy Hofmann and other senior product and artificial intelligence leaders from Zillow.In-person attendance is by invitation only. A live webcast and replay can be accessed on the Events & Presentations section of Zillow Group's Investor Relations website."AI creates a durable advantage in real estate when it is integrated across the entire transaction," Wacksman said. "Over more than two decades, Zillow has built the infrastructure, proprietary data and professional relationships that allow intelligence to be embedded at every step for the consumer — from search and touring to financing and closing. Because our platform connects these stages in a single system, every interaction strengthens the next, continuously improving outcomes for consumers and partners."In an AI-driven environment, advantage accrues to platforms with closed-loop transaction data and embedded workflows at scale. Zillow operates across discovery, pricing signals, touring activity, agent connections, financing exploration and closing — creating a comprehensive view of the residential transaction that is not available through standalone tools or general-purpose AI systems. This integration enables Zillow to train and deploy AI purpose-built for housing, delivering more precise matches, smarter guidance and helping more consumers and professionals transact.Zillow's AI strategy is grounded in structural advantages developed over more than 20 years:Persistent consumer relationships at scale. More than 230 million average monthly unique users engage with Zillow across a months-long housing journey, generating high-intent, first-party behavioral signals across buying, selling and renting decisions. This depth of engagement provides contextual data that strengthens personalization and predictive performance.Embedded professional workflows. Zillow's tools sit inside the core operating systems and critical, license-required workflows where residential real estate transactions are executed, from touring and customer relationship management to contract negotiations, pricing guidance, transaction oversight and closing. By embedding technology directly into regulated, license-dependent processes, Zillow enables AI to support real-world execution in partnership with professionals.Structured, category-specific data. Zillow combines rich home characteristics, pricing history, media, touring activity and transaction outcomes across for-sale and rental inventory — including rental listings not broadly available elsewhere. This structured housing data, generated within licensed transaction workflows, enables AI tailored to the legal, financial and operational complexity of residential real estate.At the event, Zillow's leadership team will outline how the company's integrated transaction infrastructure, proprietary housing data and embedded professional workflows position it to shape how residential real estate functions in an AI-driven era. By connecting each stage of the housing journey within a single AI-infused system, Zillow improves decision-making, reduces friction and strengthens outcomes across the transaction. About Zillow Group: Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people. As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more. Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.Forward-Looking StatementsThis communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, statements regarding our business strategies, the execution of those strategies, our competitive positioning and market opportunity, and the impact of artificial intelligence on our business and industry. These statements are based on current expectations and assumptions, which are subject to change. Actual outcomes may differ materially from those described in these forward-looking statements due to technological and regulatory developments, changes in housing market or competitive conditions, and other factors described in Zillow Group's filings with the U.S. Securities and Exchange Commission. We undertake no obligation to update the forward-looking statements in this communication except as required by law.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/zillow-to-host-ai-summit-for-investors-leading-the-next-era-of-real-estate-302695013.htmlSOURCE Zillow Group, Inc.
Original: Zillow to host AI Summit for Investors: Leading the Next Era of Real Estate
US Market News
5月前
Zillow and Google bring home-buying guidance to NotebookLMFebruary 19, 2026 6:57 PM
PR Newswire (US)
SEATTLE, Feb. 19, 2026 /PRNewswire/ -- AI is changing how people make big life decisions. Buying a home is filled with complex, high-stakes decisions and, when people ask for help, answers need to be fast, clear and accurate.
Zillow and Google bring home-buying guidance to NotebookLM.Zillow is partnering with Google NotebookLM to make Zillow's home-buying guidance available in a featured notebook. NotebookLM is a personalized AI research and thinking tool designed to help users better connect with and understand complex information. Unlike general AI answers that can vary in accuracy, notebook users can ask questions and get responses grounded in Zillow's guidance, with direct citations to original articles on Zillow.com."When navigating a milestone as significant as buying a home, trusted information is important. This featured notebook, curated by Zillow in NotebookLM, meets home buyers at the start of their journey with answers they can trust," said Steven Johnson, co-founder and editorial director of NotebookLM.This notebook helps buyers get clarity in moments that often cause confusion or stress. Users can ask about topics like preapproval vs. prequalification, what typically happens after an offer is accepted, or how to plan for costs beyond the down payment.NotebookLM also supports multiple ways to explore the information, including "Audio Overviews" that turn Zillow's written guides into engaging, conversational audio formats. Users can listen to two AI hosts discuss everything from "the first step in buying a home" to "how to choose an agent."The collaboration builds on Zillow's broader work to use our data, insights and technology to help people through every stage of getting a home, from early exploration and touring to connecting with the right professionals when they're ready to move forward. It also reflects how Zillow is extending its housing guidance into AI emerging platforms where shoppers are spending time."Millions of people turn to Zillow at the start of their home journey," said Jen Berger, vice president, Creative & Performance Media at Zillow. "As more buyers turn to AI tools to research and plan, we want our trusted, expert-backed guidance to show up there, too. By bringing our home-buying expertise into NotebookLM, we're meeting even more people earlier in the process with answers that are fast, clear and grounded in reliable information."Q&AWhat is NotebookLM?
Google NotebookLM is a personalized AI research and thinking tool designed to help users better connect with and understand complex information.How does Zillow's featured notebook work?
Zillow's featured notebook was curated by Zillow in Google NotebookLM. NotebookLM answers questions using Zillow's home-buying guides (including Zillow Learning Center articles) — and displays citations linking back to the original pages.Where do people find it? Do they need a Zillow account?
Open NotebookLM and look for the Zillow featured notebook or visit: [LINK]. Access follows Google/NotebookLM account rules.Is this a substitute for agents?
No. Tools like these help buyers come to agent conversations better prepared. Agents remain essential for high-stakes, personalized transactions.About Zillow Group: Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/zillow-and-google-bring-home-buying-guidance-to-notebooklm-302693204.htmlSOURCE Zillow
Original: Zillow and Google bring home-buying guidance to NotebookLM
US Market News
5月前
Rent affordability hits four-year high, with further relief aheadFebruary 18, 2026 8:00 AM
PR Newswire (US)
New Zillow forecast projects more breathing room for renters in 2026Rents are holding steady, with the typical asking rent at $1,895 in January, relatively flat compared to December (up 0.1%) and up 2% year over year.Affordability is improving, with the typical household now spending 26.4% of income on rent — the lowest share since August 2021.Zillow forecasts single-family rents to rise 1.1% at the end of 2026, while multifamily rents remain relatively flat (-0.2%) as elevated vacancies and new supply continue to weigh on prices.SEATTLE, Feb. 18, 2026 /PRNewswire/ -- A new forecast from Zillow® offers the promise of long-awaited affordability relief for renters this year. Multifamily rents are expected to remain mostly flat (-0.2%) by the end of 2026, while single-family rents are projected to rise just 1.1% annually in December 2026 — a sharp slowdown from the rapid increases of recent years — as higher vacancy rates and more new apartment units improve the bargaining position of renters and keep rent growth subdued.
The typical U.S. asking rent in January was $1,895, according to the Zillow Observed Rent Index, essentially unchanged from December and up 2% from a year earlier. That is the slowest annual rent growth since December 2020, as the market has settled into a steadier pace after the rapid increases seen during the pandemic housing boom.Multifamily renters are seeing even more improvement. Apartment rents rose just 1.4% from a year ago amid a historic construction boom, while incomes increased at a faster pace. As a result, affordability for apartment renters who earn the median household income has improved beyond pre-pandemic levels: A median-income household would now spend 24.3% of its income on the typical apartment rent, down slightly from 25% in February 2020. With Zillow forecasting multifamily rents to remain essentially flat — ending the year down 0.2% annually — affordability could improve further by year's end."Renters are operating in a very different environment than they were just a few years ago," said Orphe Divounguy, senior economist at Zillow. "When supply expands and vacancies rise, property managers have to adjust on both price and terms. Concessions are near record highs, keeping rent growth modest and creating meaningful opportunities for renters."Much of the shift comes down to supply. Although the flow of newly completed apartment buildings peaked in the summer of 2024, more buildings are still being added to the stock of available rental units. At the same time, a cooling labor market is helping keep the number of vacancies elevated. With more options available, renters now have more negotiating power for renewals and new leases than they have had in a long time.Flexibility in lease terms is another sign of the shift. In January, just below 40% of rental listings on Zillow included at least one concession, such as a free month of rent or a reduced deposit. Though slightly below last January's record high of 41.1%, that share remains elevated compared to historical norms, underscoring the degree to which property managers are competing for tenants.Single-family rents have been rising faster than apartment rents for several years, largely because the single-family construction boom was less pronounced. At the same time, demand for single-family rental housing remained high as flows into homeownership stayed somewhat subdued.Even so, Zillow's forecast calls for single-family rents to cool further in 2026. In January, the typical single-family rent was up 2.7% from a year ago. Looking ahead, Zillow expects growth in single-family rents to remain modest, forecasting a 1.1% annual increase in December 2026 as higher vacancies and broader market shifts keep rent growth in check.Metro AreaTypical Rent,
Zillow
Observed Rent
Index (ZORI)Typical Rent,
Month-Over-
Month ChangeTypical Rent,
Year-Over-Year
ChangeRenter
Affordability
(Share of Median
Income Spent on
Typical Rent)Share of Rental
Listings on
Zillow Offering a
ConcessionUnited States$1,8950.1 %2.0 %26.4 %38.8 %New York, NY$3,232-0.1 %4.3 %36.9 %19.2 %Los Angeles, CA$2,8850.1 %1.6 %34.0 %29.5 %Chicago, IL$2,0910.5 %5.4 %26.4 %23.1 %Dallas, TX$1,633-0.1 %0.3 %20.0 %61.8 %Houston, TX$1,612-0.1 %0.0 %22.6 %48.7 %Washington, DC$2,3330.1 %0.4 %21.1 %55.6 %Philadelphia, PA$1,8490.1 %2.9 %23.2 %31.6 %Miami, FL$2,6450.0 %0.5 %37.2 %27.6 %Atlanta, GA$1,8120.1 %2.1 %22.3 %56.1 %Boston, MA$3,0490.5 %1.8 %29.4 %33.1 %Phoenix, AZ$1,7180.1 %-0.6 %21.7 %58.0 %San Francisco, CA$3,0640.4 %5.8 %25.6 %31.6 %Riverside, CA$2,4640.2 %1.8 %30.8 %28.4 %Detroit, MI$1,4550.2 %2.8 %21.8 %28.6 %Seattle, WA$2,183-0.1 %2.2 %22.2 %53.1 %Minneapolis, MN$1,6650.1 %4.2 %19.4 %39.8 %San Diego, CA$2,8710.1 %1.3 %29.8 %37.2 %Tampa, FL$1,986-0.1 %-1.2 %28.8 %49.5 %Denver, CO$1,838-0.1 %-1.1 %19.4 %67.9 %Baltimore, MD$1,8550.4 %2.6 %21.5 %38.2 %St. Louis, MO$1,4090.3 %3.6 %19.7 %22.5 %Orlando, FL$1,9170.2 %0.5 %26.9 %51.7 %Charlotte, NC$1,7040.0 %0.7 %22.5 %61.6 %San Antonio, TX$1,3800.0 %-1.2 %20.1 %54.3 %Portland, OR$1,778-0.2 %0.9 %20.4 %48.4 %Sacramento, CA$2,197-0.2 %1.9 %25.3 %31.8 %Pittsburgh, PA$1,4490.4 %4.1 %21.2 %27.4 %Cincinnati, OH$1,5220.4 %2.7 %21.3 %22.8 %Austin, TX$1,5610.0 %-2.6 %17.9 %62.9 %Las Vegas, NV$1,7160.0 %0.1 %24.5 %51.7 %Kansas City, MO$1,4550.2 %3.8 %19.8 %34.3 %Columbus, OH$1,454-0.3 %1.6 %19.9 %46.3 %Indianapolis, IN$1,5080.2 %3.2 %21.7 %41.4 %Cleveland, OH$1,3900.6 %4.2 %22.6 %27.9 %San Jose, CA$3,4060.3 %5.1 %23.1 %39.3 %Nashville, TN$1,770-0.1 %0.4 %22.8 %62.1 %Virginia Beach, VA$1,7950.4 %5.4 %24.8 %28.3 %Providence, RI$2,0780.1 %4.5 %29.0 %12.6 %Jacksonville, FL$1,659-0.1 %0.2 %23.1 %46.3 %Milwaukee, WI$1,4580.2 %3.9 %21.4 %29.8 %Oklahoma City, OK$1,3470.1 %2.7 %20.9 %28.8 %Raleigh, NC$1,6550.1 %0.2 %18.5 %63.5 %Memphis, TN$1,415-0.1 %1.7 %23.7 %36.7 %Richmond, VA$1,6390.5 %3.5 %22.6 %43.8 %Louisville, KY$1,3520.2 %2.2 %20.8 %36.9 %New Orleans, LA$1,5680.3 %0.4 %28.7 %18.4 %Salt Lake City, UT$1,581-1.1 %-0.3 %17.9 %67.3 %Hartford, CT$1,8640.0 %3.1 %22.6 %23.4 %Buffalo, NY$1,3650.6 %3.4 %21.6 %8.5 %Birmingham, AL$1,385-0.1 %1.9 %20.9 %40.9 %*Table ordered by market size About Zillow Group: Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/rent-affordability-hits-four-year-high-with-further-relief-ahead-302691340.htmlSOURCE Zillow
Original: Rent affordability hits four-year high, with further relief ahead
US Market News
5月前
Zillow launches Zillow for Warcraft®, a new way to explore World of Warcraft® homesFebruary 17, 2026 6:00 AM
PR Newswire (US)
As player housing debuts in Blizzard Entertainment®'s World of Warcraft, Zillow introduces a custom experience in which fans can explore in-game homesSEATTLE, Feb. 17, 2026 /PRNewswire/ -- As player housing goes live in World of Warcraft®, Zillow® has teamed up with Blizzard Entertainment® to introduce Zillow for Warcraft®, a custom microsite that allows anyone to browse a curated collection of in-game homes from Azeroth™.
The Zillow for Warcraft experience brings Zillow's familiar home exploration into a fantasy setting. The microsite highlights a mix of player-favorite housing creations and early looks at Blizzard-built homes inspired by iconic Warcraft styles, such as Stormwind townhouses and Horde-influenced bungalows. Select homes are featured with a Showcase™-inspired experience, including 3D Home® tours and SkyTour-style visuals, offering an immersive way to explore standout designs.With millions of players worldwide, World of Warcraft has one of gaming's most enduring and passionate communities — one that has been asking for player housing for close to two decades. On the cusp of the game's next expansion, Midnight, which launches globally on March 2, players' dreams of homeownership in Azeroth have now come true."Player housing is a milestone moment for the World of Warcraft community, and we wanted to honor it in a way that felt authentic and unexpected," said Beverly W. Jackson, vice president of Brand and Product Marketing at Zillow. "Zillow exists at the center of how people think and talk about home, and gaming has become another powerful expression of that. This collaboration brings two worlds together, celebrating home as both a place to belong and a place to escape into something that feels honest and personal."Zillow taps into years of player anticipation by bringing a familiar way to explore homes from a fantasy world that players have long called home. As part of the collaboration, World of Warcraft players can unlock in-game items, including a Zillow-inspired doormat."Player housing has sparked an extraordinary wave of creativity in World of Warcraft, and the passion our community has poured into shaping their own spaces is nothing short of inspiring," said Monica Austin, chief marketing officer of Blizzard Entertainment. "Partnering with Zillow allowed us to take that excitement even further — creating an experience that feels playful, intuitive, and tailor-made for our players. Together, we've built something that celebrates the unique ways players express themselves in Azeroth and the joy of finally carving out a place in the world they call home."Zillow developed this work in partnership with 72andSunny and We Are Royale. The Zillow for Warcraft launch is supported by a co-branded campaign across paid social, Reddit and TikTok creators and Zillow's social channels, with creators and players sharing their in-game homes and reactions across platforms. The experience is fantasy only and not transactional. There is no buying or selling of homes, no pricing and no Zestimates.Zillow for Warcraft will continue to feature new player-created homes over time, extending the experience beyond launch and celebrating the creativity of the World of Warcraft community.To explore curated homes in Azeroth, visit https://www.zillow.com/warcraft/.Zillow's Someday Starts Today brand campaignThe World of Warcraft partnership is part of Zillow's 2026 brand platform, Someday Starts Today, which debuted earlier this month in connection with Zillow advertising airing during the Grammy Awards® broadcast.Someday Starts Today is rooted in a simple idea: Whatever your "someday" looks like, it's closer than you think when you can see what's possible, encouraging you to take a first step. At a time when buying, selling or renting can feel overwhelming or out of reach, Zillow's focus is on helping people move from aspiration to action by making it easier to see what's possible and take a first step, starting with home.By turning years of player wish lists into real, explorable homes inside Azeroth, World of Warcraft's new player housing mirrors what Zillow does in the real world, which is helping people move from imagining a home to experiencing it. This collaboration shows how Zillow shows up in culture wherever people dream about home, from the living room to their favorite game.About World of Warcraft
World of Warcraft® is Blizzard Entertainment's genre-defining massively multiplayer online role-playing game set in the iconic Warcraft universe, a living, ever-evolving world experienced by hundreds of millions of players across its 30-year history. Since its launch in 2004, World of Warcraft has invited players from around the globe to step into Azeroth — a realm of rich storytelling, adventure, and community — where they forge alliances, battle formidable foes, shape their own legends, and find home.About Blizzard Entertainment, Inc.
Best known for iconic video game universes including Warcraft®, Overwatch®, Diablo®, and StarCraft®, Blizzard Entertainment, Inc. (www.blizzard.com), which was acquired by Microsoft (NASDAQ: MSFT), is a premier developer and publisher of entertainment experiences. Blizzard Entertainment has created some of the industry's most critically acclaimed and genre-defining games over the last 35 years, with a track record that includes multiple Game of the Year awards. Blizzard Entertainment engages tens of millions of players around the world with titles available on PC via Battle.net®, Xbox, PlayStation, Nintendo Switch, iOS, and Android.About Zillow Group:
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime® and dotloop®.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/zillow-launches-zillow-for-warcraft-a-new-way-to-explore-world-of-warcraft-homes-302689222.htmlSOURCE Zillow
Original: Zillow launches Zillow for Warcraft®, a new way to explore World of Warcraft® homes
US Market News
5月前
Love pays, literally: The $10K 'singles tax' of living soloFebruary 11, 2026 8:00 AM
PR Newswire (US)
This Valentine's Day, Zillow data shows that love isn't just romantic — it's economicalRenters who live alone pay about $10,470 more per year than those who share housing. That "singles tax" rose just $146 over the past year—the smallest increase in five years.Couples and roommates who combine households can unlock $20,940 in annual rent savings by sharing one lease instead of living separately and paying for two.New York City tops the list as the most expensive market for solo renters, with a "singles tax" of $23,400 a year. SEATTLE, Feb. 11, 2026 /PRNewswire/ -- Living solo comes with plenty of perks — independence, privacy and full control of the thermostat. But that freedom also comes with a price tag. A new Zillow® Rentals analysis finds the national "singles tax" — the extra amount renters pay to live alone rather than share housing — now totals $10,470 per year.
With the typical U.S. apartment rent at $1,745 — up 30% over the past five years — solo renters are covering that full amount on their own instead of splitting it among two or more roommates, essentially paying a premium for having the fridge, remote and closet space all to themselves. The good news for all renters (not just those flying solo) is that apartment affordability nationwide (taking rising incomes into account) is the best it's been since April 2021.Last year, Zillow calculated the singles tax using only one-bedroom units. This year, Zillow ditched the unnecessary box-checking and analyzed typical rents across all apartments, drawing from the more than 72,000 multifamily listings on Zillow to reflect the range of homes singles actually consider. After all, who couldn't use an extra bedroom for a home office, gym or overflow closet?"When you're living alone, you're covering the full rent on one income and that can add up fast," said Emily Smith, Zillow rental trends expert. "Apartments often make living solo more attainable, while also offering shared spaces that help people feel connected. And for renters who choose to live with a partner or roommate, splitting everyday costs like rent, utilities and groceries can go a long way in easing the pressure of today's higher cost of living."Love, roommates and the 'couples' discount'For sweethearts, the singles tax flips, becoming a meaningful "couples' discount." By sharing one lease instead of maintaining two separate rent bills, couples can capture a combined $20,940 in annual rent savings. Those savings add up. An extra $20,000 back in renters' pockets is more than halfway to a 10% down payment on a typical U.S. home.Where solo living is priciest — and sharing delivers big savingsNew York City remains the most expensive market for renters living alone. According to StreetEasy®, Zillow's New York City brand, solo renters in New York City pay $23,400 more per year than those who share housing — the highest singles tax in the country. San Jose follows, with living alone costing renters $19,488 annually, and Boston is close behind at $18,084.These same metros, however, are also where sharing a home can deliver the biggest financial payoff. In New York City, San Jose, Boston, San Francisco, Los Angeles and San Diego, renters who share housing can save more than $30,000 per year, making falling in love one of the most effective ways to stretch a housing budget in the nation's most expensive rental markets.Zillow helps renters navigate the marketFinding "the one" starts with the right tools. Zillow connects renters to apartments, single-family homes and rooms for rent — all in one place — while the rent affordability calculator helps make sure the match fits the budget, too.RegionTypical Monthly
Multifamily Rent
(Zillow Observed
Rent Index)Singles Tax Couples' Discount New York City*$3,900$23,400$46,800San Jose, CA$3,248$19,488$38,976Boston, MA$3,014$18,084$36,168San Francisco, CA$2,857$17,142$34,284Los Angeles, CA$2,648$15,888$31,776San Diego, CA$2,643$15,858$31,716Miami, FL$2,443$14,658$29,316Riverside, CA$2,243$13,458$26,916Washington, DC$2,230$13,380$26,760Seattle, WA$2,062$12,372$24,744United States$1,745$10,470$20,940
*New York City data comes from StreetEasy's median asking rent. Data for all other markets comes from the Zillow Observed Rent Index (multifamily units only) and covers the full metro area.About Zillow Group: Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/love-pays-literally-the-10k-singles-tax-of-living-solo-302684453.htmlSOURCE Zillow
Original: Love pays, literally: The $10K 'singles tax' of living solo
US Market News
5月前
Zillow Group Reports Fourth-Quarter and Full-Year 2025 Financial ResultsFebruary 10, 2026 4:05 PM
PR Newswire (US)
SEATTLE, Feb. 10, 2026 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced its consolidated financial results for the three months and year ended December 31, 2025.
Complete financial results, and outlook for the first quarter of 2026, can be found in the shareholder letter on the Investor Relations section of Zillow Group's website at https://investors.zillowgroup.com/investors/financials/quarterly-results/default.aspx. "We delivered strong results in the fourth quarter and throughout 2025, achieving all our reported full-year financial targets, including positive net income, while continuing to gain share in both For Sale and Rentals," said Zillow Chief Executive Officer Jeremy Wacksman. "As we celebrate 20 years of Zillow, our results demonstrate our disciplined and consistent execution of our strategy. With our deeply engaged audience, industry-leading software that powers industry workflows, and two decades of AI innovation, we are uniquely positioned to drive durable growth by making the entire moving journey easier for consumers and the real estate professionals who serve them."Recent highlights include:Zillow Group reported strong fourth-quarter results.Q4 revenue was up 18% year over year to $654 million, near the high end of the company's outlook range. Full-year 2025 revenue of $2.6 billion was up 16% year over year. The residential real estate industry grew by 3% in Q4 and 3% for full-year 2025, according to the NAR, meaning the company outperformed the industry by 1,500 basis points in Q4 and 1,300 basis points for full-year 2025.1 The company estimates Q4 and full-year 2025 purchase mortgage origination volume for the industry was roughly flat year over year.For Sale revenue was up 11% year over year to $475 million in Q4.Residential revenue was up 8% year over year in Q4 to $418 million, benefiting from growth in the company's agent and software offerings and in the company's New Construction marketplace.Mortgages revenue increased 39% year over year to $57 million in Q4, primarily due to a 67% increase in purchase loan origination volume to $1.5 billion.
Rentals revenue increased 45% year over year to $168 million in Q4, primarily driven by multifamily revenue growing 63% year over year.
On a GAAP basis, net income was $3 million in Q4, and net income margin was 0%, a 990-basis-point increase year over year. GAAP net income was $23 million for full-year 2025, and net income margin was 1%, a 590-basis-point increase year over year.Q4 Adjusted EBITDA was $149 million, and Adjusted EBITDA margin was 23%, a 260-basis-point increase year over year, driven by revenue growth and cost management. Adjusted EBITDA was $622 million for full-year 2025, and Adjusted EBITDA margin was 24%, a 180-basis-point increase year over year.2Cash and investments at the end of Q4 were $1.3 billion, down from $1.4 billion at the end of Q3. During Q4, the company repurchased 3.4 million shares for $232 million.Traffic to Zillow Group's apps and sites in Q4 was up 8% year over year to 221 million average monthly unique users. Visits during Q4 were up 2% year over year at 2.1 billion.
1National Association of Realtors® existing homes sold during Q4 2025 and full-year 2025 multiplied by the average selling price per home for Q4 2025 and full-year 2025, compared with the same period in 20242Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures; they are not calculated or presented in accordance with U.S. generally accepted accounting principles ("GAAP"). Please see the "Use of Non-GAAP Financial Measures" section below for more information about our presentation of these non-GAAP financial measures, including a reconciliation to the most directly comparable GAAP financial measures for the relevant period.Fourth-Quarter and Full-Year 2025 Financial HighlightsThe following table sets forth Zillow Group's financial highlights for the periods presented (in millions, except percentages, unaudited):
Three Months EndedDecember 31,
2024 to 2025% Change
Year Ended December 31,
2024 to 2025% Change
2025
2024
2025
2024
Revenue:
For Sale revenue:
Residential
$ 418
$ 387
8 %
$ 1,704
$ 1,594
7 %Mortgages
57
41
39 %
199
145
37 %Total For Sale revenue
475
428
11 %
1,903
1,739
9 %Rentals
168
116
45 %
630
453
39 %Other
11
10
10 %
50
44
14 %Total revenue
$ 654
$ 554
18 %
$ 2,583
$ 2,236
16 %Other Financial Data:
Gross profit
$ 476
$ 420
$ 1,915
$ 1,709
Net income (loss)
$ 3
$ (52)
$ 23
$ (112)
Diluted net income (loss) per share
$ 0.01
$ (0.22)
$ 0.09
$ (0.48)
Net cash provided by operating activities
$ 72
$ 122
$ 368
$ 428
Non-GAAP Financial Measures:(1)
Adjusted EBITDA
$ 149
$ 112
$ 622
$ 498
Adjusted net income
$ 98
$ 68
$ 417
$ 349
Diluted adjusted net income per share
$ 0.39
$ 0.27
$ 1.64
$ 1.38
Adjusted free cash flow
$ 125
$ 78
$ 420
$ 309
Percentage of Revenue:
Gross profit
73 %
76 %
74 %
76 %
Net income (loss)
— %
(9) %
1 %
(5) %
Adjusted EBITDA(1)
23 %
20 %
24 %
22 %
Adjusted net income(1)
15 %
12 %
16 %
16 %
(1) These are non-GAAP financial measures. Please see the "Use of Non-GAAP Financial Measures" section below for more information about our presentation of these non-GAAP financial measures, including a reconciliation to the most directly comparable GAAP financial measures for the relevant period. Conference Call and Webcast InformationZillow Group will host a live webcast to discuss these results today at 2 p.m. Pacific time (5 p.m. Eastern time). Please register for the live event at https://zillow-q4-25-financial-results.open-exchange.net/. A shareholder letter, investor presentation, and link to both the live webcast and recorded replay of the call may be accessed in the Quarterly Results section of Zillow Group's Investor Relations website.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, statements regarding the company's business strategies, the execution of those strategies, and their impact on consumers and real estate professionals. Statements containing words such as "may," "believe," "anticipate," "expect," "intend," "plan," "project," "predict," "will," "projections," "continue," "estimate," "outlook," "guidance," "would," "could," "strive" or similar expressions constitute forward-looking statements. Forward-looking statements are made based on assumptions as of February 10, 2026, and although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee these results. Differences in Zillow Group's actual results from those described in these forward-looking statements may result from actions taken by Zillow Group as well as from risks and uncertainties beyond Zillow Group's control.Factors that may contribute to such differences include, but are not limited to: the health and stability of the economy and United States residential real estate industry, including changes in inflationary conditions, interest rates, housing availability and affordability, labor shortages and supply chain issues; our ability to manage advertising, product inventory and pricing, and to maintain relationships with our real estate partners; our ability to establish or maintain relationships with listing and data providers, which affects traffic to our mobile apps and websites; or changes to our rights to use or timely access listing data, or to the quality or quantity of such listing data; our ability to comply with current and future rules and requirements promulgated by National Association of REALTORS®, multiple listing services, or other real estate industry groups or governing bodies, or decisions to repeal, amend or not enforce such rules and requirements; our ability to navigate industry changes, including as a result of past, pending or future lawsuits, settlements or government investigations, which may include lawsuits, settlements or investigations in which we are not a named party; uncertainties related to policy changes, enforcement priorities, or government shutdowns at the federal and state levels; our ability to continue to innovate and compete to attract customers and real estate partners; our ability to effectively invest resources to pursue new strategies, develop new products and services and expand existing products and services into new markets; our ability to operate and grow Zillow Home Loans' mortgage operations, including the ability to obtain or maintain sufficient financing to fund the origination of mortgages, meet customers' financing needs with product offerings, continue to grow origination operations and resell originated mortgages on the secondary market; the duration and impact of natural disasters, climate change, geopolitical events, and other catastrophic events (including public health crises) on our ability to operate, demand for our products or services, or general economic conditions; our public statements, disclosures, targets, and product features related to sustainability matters; our ability to maintain adequate security controls or technology systems, or those of third parties on which we rely, to protect data integrity and the information and privacy of our customers and other third parties; our ability to navigate any significant disruption in service on our mobile apps or websites or in our network; the impact of past, pending or future litigation and other disputes or enforcement actions, which may include lawsuits or investigations to which we are not a party; our ability to attract, engage, and retain a highly skilled workforce; mergers, acquisitions, investments, strategic partnerships, capital-raising activities, or other corporate transactions or commitments by us or our competitors; our ability to continue relying on third-party services to support critical functions of our business; our ability to protect and continue using our intellectual property and prevent others from copying, infringing upon, or developing similar intellectual property, including as a result of artificial intelligence; our ability to comply with domestic and international laws, regulations, rules, contractual obligations, policies and other obligations, or to obtain or maintain required licenses to support our business and operations; our ability to pay our debt or to raise additional capital or refinance our indebtedness on acceptable terms, or at all; actual or anticipated fluctuations in quarterly and annual results of operations and financial position; actual or perceived inaccuracies in the assumptions, estimates and internal or third-party data that we use to calculate business, performance and operating metrics; and volatility of our Class A common stock and Class C capital stock prices.The foregoing list of risks and uncertainties is illustrative but not exhaustive. For more information about potential factors that could affect Zillow Group's business and financial results, please review the "Risk Factors" described in Zillow Group's publicly available filings with the United States Securities and Exchange Commission. Except as may be required by law, Zillow Group does not intend and undertakes no duty to update this information to reflect future events or circumstances.About Zillow Group, Inc.Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries, and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.Please visit https://investors.zillowgroup.com, www.zillowgroup.com/news, www.x.com/zillowgroup, and www.linkedin.com/company/zillow, where Zillow Group discloses information about the company, its financial information, and its business that may be deemed material.Logos for Zillow Group and some of its key brands are available at https://zillow.com/news/logos/.(ZFIN)Use of Non-GAAP Financial MeasuresTo provide investors with additional information regarding our financial results and liquidity, this press release includes references to Adjusted EBITDA, Adjusted net income, Diluted adjusted net income per share, and Adjusted free cash flow, all of which are non-GAAP financial measures not calculated or presented in accordance with GAAP. We have provided a reconciliation below of each non-GAAP financial measure to the most directly comparable GAAP financial measure.Adjusted EBITDAAdjusted EBITDA is a key metric used by our management and Board of Directors to measure operating performance and trends and to prepare and approve our annual budget. In particular, we believe the exclusion of certain expenses in calculating Adjusted EBITDA facilitates operating performance comparisons on a period-to-period basis.Our use of Adjusted EBITDA has limitations as an analytical tool, and you should not consider this measure in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are:Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs;Adjusted EBITDA does not consider the potentially dilutive impact of share-based compensation;Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditures or contractual commitments;Adjusted EBITDA does not reflect impairment costs;Adjusted EBITDA does not reflect acquisition-related costs;Adjusted EBITDA does not reflect loss on extinguishment of debt;Adjusted EBITDA does not reflect interest expense or other income, net;Adjusted EBITDA does not reflect income taxes; andOther companies, including companies in our own industry, may calculate Adjusted EBITDA differently from the way we do, limiting its usefulness as a comparative measure.Because of these limitations, you should consider Adjusted EBITDA alongside other financial performance measures, including various cash-flow metrics, net income (loss), and our other GAAP results.Adjusted Net Income and Diluted Adjusted Net Income Per ShareOur presentation of Adjusted net income and Diluted adjusted net income per share excludes the impact of share-based compensation, impairment costs, acquisition-related costs, loss on extinguishment of debt, and income taxes. These measures are not key metrics used by our management or Board of Directors to measure operating performance or otherwise manage the business. However, we provide Adjusted net income and Diluted adjusted net income per share as supplemental information to investors, as we believe the exclusion of the results of share-based compensation, impairment costs, acquisition-related costs, loss on extinguishment of debt, and income taxes facilitates investors' operating performance comparisons on a period-to-period basis. You should not consider Adjusted net income and Diluted adjusted net income per share in isolation or as substitutes for analysis of our results as reported under GAAP.Adjusted Free Cash FlowWe define Adjusted free cash flow as net cash provided by operating activities adjusted for purchases of property and equipment, purchases of intangible assets, net borrowings (repayments) on repurchase agreements, and the initial payment in connection with the Redfin rentals partnership. Borrowings (repayments) on repurchase agreements are used to fund Zillow Home Loans mortgage loan originations, and we consider them part of our ongoing liquidity management. The initial payment in connection with the Redfin rentals partnership was considered a one-time and nonrecurring cash flow, and we exclude it from our calculation as we believe it impacts the ability to evaluate the liquidity of our business operations on a period-to-period basis.We have included Adjusted free cash flow in this press release as it is a key metric used by our management to evaluate the effectiveness of our business strategies and execution and our ability to consistently generate cash from our core operations on a period-to-period basis.Our use of Adjusted free cash flow has limitations as an analytical tool, and you should not consider this measure in isolation or as a substitute for analysis of our results as reported under GAAP. Adjusted free cash flow does not represent the residual cash flow available for discretionary expenditures. Other companies, including companies in our own industry, may calculate Adjusted free cash flow differently from the way we do, limiting its usefulness as a comparative measure.Reconciliations of Non-GAAP Financial MeasuresThe following table presents a reconciliation of Adjusted EBITDA to net income (loss) for each of the periods presented (in millions, unaudited):
Three Months Ended
December 31,
Year Ended December 31,
2025
2024
2025
2024Net income (loss)
$ 3
$ (52)
$ 23
$ (112)Income taxes
—
1
2
5Other income, net
(19)
(26)
(77)
(127)Depreciation and amortization
65
62
264
240Share-based compensation
95
119
390
448Impairment costs
—
—
2
6Acquisition-related costs
—
—
—
1Loss on extinguishment of debt
—
—
—
1Interest expense
5
8
18
36Adjusted EBITDA
$ 149
$ 112
$ 622
$ 498The following table presents a reconciliation of Adjusted net income to net income (loss) and associated per-share metrics for each of the periods presented (in millions, except per-share data, unaudited):
Three Months EndedDecember 31,
Year Ended December 31,
2025
2024
2025
2024Net income (loss)
$ 3
$ (52)
$ 23
$ (112)Share-based compensation
95
119
390
448Impairment costs
—
—
2
6Acquisition-related costs
—
—
—
1Loss on extinguishment of debt
—
—
—
1Income taxes
—
1
2
5Adjusted net income
$ 98
$ 68
$ 417
$ 349
Diluted net income (loss) per share
$ 0.01
$ (0.22)
$ 0.09
$ (0.48)Diluted adjusted net income per share
$ 0.39
$ 0.27
$ 1.64
$ 1.38For periods with GAAP net loss and Adjusted net income, the Adjusted diluted weighted-average shares outstanding used in the calculation of Diluted adjusted net income per share includes potentially dilutive securities that were excluded from the calculation of Diluted net loss per share, as the effect was anti-dilutive. The following table reconciles the denominators used in the Diluted net income (loss) per share and Diluted adjusted net income per share calculations (in thousands, unaudited):
Three Months EndedDecember 31,
Year Ended December 31,
2025
2024
2025
2024Diluted weighted-average shares outstanding
252,387
236,329
254,117
234,077Effect of dilutive securities:
Option awards
—
8,933
—
4,206Unvested restricted stock units
—
4,382
—
2,669Convertible senior notes
—
9,844
—
20,347Adjusted diluted weighted-average shares outstanding
252,387
259,488
254,117
261,299The following table provides a reconciliation of Adjusted free cash flow to net cash provided by operating activities for the periods presented (in millions, unaudited):
Three Months Ended
December 31,
Year Ended December 31,
2025
2024
2025
2024Net cash provided by operating activities
$ 72
$ 122
$ 368
$ 428Purchases of property and equipment
(28)
(34)
(133)
(143)Purchases of intangible assets
(11)
(7)
(134)
(28)Net borrowings (repayments) on repurchase agreements
92
(3)
219
52Initial payment in connection with Redfin rentals partnership
—
—
100
—Adjusted free cash flow
$ 125
$ 78
$ 420
$ 309
View original content to download multimedia:https://www.prnewswire.com/news-releases/zillow-group-reports-fourth-quarter-and-full-year-2025-financial-results-302684089.htmlSOURCE Zillow Group, Inc.
Original: Zillow Group Reports Fourth-Quarter and Full-Year 2025 Financial Results
US Market News
5月前
Zillow launches 'Someday Starts Today,' a campaign for every stage of the home journeyJanuary 29, 2026 6:00 AM
PR Newswire (US)
New national campaign debuts Feb. 1 in connection with Zillow advertising during the Grammy Awards broadcastSEATTLE, Jan. 29, 2026 /PRNewswire/ -- As housing decisions feel harder to make, whether buying, renting or planning what comes next, Zillow® is evolving how it shows up as a brand. The company is launching "Someday Starts Today," a new national platform, campaign and tagline designed to support people at every stage of the home journey, from those ready to move now to those still only imagining what's possible.
The campaign debuts Feb. 1 in connection with Zillow advertising that airs during the Grammy Awards broadcast, and it reflects a strategic expansion of Zillow's brand approach. Rather than focusing only on moments of transaction, the approach is designed to resonate across the full home journey, supporting people who are actively moving today while also building belief and confidence among future movers who may be browsing, dreaming or planning what comes next."Everyone's home journey looks different, but progress is what moves it forward," said Beverly W. Jackson, vice president of brand and product marketing at Zillow. "'Someday Starts Today' reflects our commitment to meet people where they are and recognize every step forward, because even small progress matters."Speaking to the in-between moment
Affordability challenges and economic uncertainty have reshaped how people approach housing, stretching the time between moves and changing consumer behavior. While some consumers are actively buying, renting or selling, millions of people use Zillow every day to scroll listings, compare rentals, track home values and save ideas long before they're ready to make a move."Someday Starts Today" is designed to speak to that in-between moment. The campaign reframes browsing, planning and dreaming as meaningful parts of the home journey — not passive behavior, but early signals of intent that build over time. Zillow believes that for many future movers, their "someday" may be closer than they think.Zillow supports people wherever their "someday" leads, including renters prioritizing flexibility or lifestyle fit, buyers taking early steps, and sellers preparing for what comes next, recognizing that home journeys don't follow one fixed path.From someday to starting
"Someday Starts Today" launches in connection with Zillow advertising that airs during the Grammys broadcast on Feb. 1. For many artists, imagining something long before it becomes real mirrors how many people begin their home journey.Zillow sees a similar pattern in how people approach home, where big aspirations often start as small, uncertain steps. For many buyers and sellers, someday is made possible by the combination of innovative tech and a trusted agent who helps navigate decisions, open doors and turn possibility into progress.During the broadcast, Zillow will air two new hero spots, a 30-second promotion and a 15-second promo, across linear television and streaming service Paramount+. The creative pairs everyday moments with Florence + the Machine's "You've Got the Love," which captures the emotional depth and belief required to make "someday" possible, the same feeling Zillow strives to bring to every step of the journey home.That narrative extends beyond the broadcast through a creator-led digital series designed to bring the campaign's core idea to life. The series features music and culture creators Amy Allen, Saint Harison, Hunny Bee, Rob Gueringer and Jordan Ward, each sharing personal messages centered on the moment when an idea turns into action.Developed in partnership with 72andSunny, the campaign is designed to live where culture already moves, with an emphasis on platform-native storytelling and cultural adjacency rather than scale alone. Media planning and buying support are provided by Canvas Worldwide."'Someday Starts Today' is an expression of belief," said Bryan Rowles, chief creative officer at large, 72andSunny. "Believing that your someday home, whether you are a renter or a buyer, is attainable. It's also a call to action – to not just dream of home, but to build momentum toward making home a reality with the help of Zillow."A campaign designed to extend beyond launch
"Someday Starts Today" will anchor Zillow's brand presence throughout 2026, shaping how the company approaches marketing, partnerships and storytelling. Planned extensions include additional cultural moments across music, sports and gaming.For Zillow, the campaign reflects a broader belief that brand leadership in today's housing market means understanding where consumers are emotionally, not just where they are transactionally.About Zillow Group:
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime® and dotloop®.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/zillow-launches-someday-starts-today-a-campaign-for-every-stage-of-the-home-journey-302673477.htmlSOURCE Zillow
Original: Zillow launches 'Someday Starts Today,' a campaign for every stage of the home journey
US Market News
5月前
Indianapolis leads Zillow's list of the best markets to buy a home in 2026January 26, 2026 1:03 PM
PR Newswire (US)
Home buyers can expect a less stressful shopping experience in Indianapolis, Atlanta and Charlotte this yearZillow has identified the most buyer-friendly housing markets of 2026 among the 50 largest U.S. metros. Indianapolis, Atlanta and Charlotte lead the 10 markets where buyers will see the friendliest conditions.Top-ranked markets stand out for affordability, lower competition, and a combination of cooling home value growth now and forecasted appreciation ahead, signaling a more favorable entry point for buyers.Zillow previously named Hartford the hottest market of 2026, where competition remains more intense, edging out Buffalo and the New York metro area.SEATTLE, Jan. 26, 2026 /PRNewswire/ -- Home shoppers looking for an advantage will find it in Zillow's newly released list of the most buyer-friendly housing markets of 2026. Indianapolis, Atlanta and Charlotte top the list of metros where buyers will find room to negotiate for relatively budget-friendly homes that have a combination of cooling prices now with expected appreciation ahead.
Buyers can breathe easier in these markets. They'll see more homes within budget, while forecasted appreciation suggests strong long-term financial potential. With less competition for each home, buyers have more time to make decisions and a lower risk of being pulled into stressful bidding wars."Home shoppers have room to breathe in these buyer-friendly markets. Lower competition gives buyers more time to decide and wiggle room to negotiate, adding up to a less stressful shopping experience," said Orphe Divounguy, senior economist at Zillow®. "Cooling prices today, paired with expected growth ahead, make for a good entry point for those who have been waiting for the right moment. For sellers, pricing strategically from the start becomes that much more important when buyers hold the power."Zillow's most buyer-friendly markets of 2026 IndianapolisAtlantaCharlotteJacksonvilleOklahoma CityMemphisDetroitMiamiTampaPittsburghZillow analyzed housing conditions across major U.S. markets using three key measures that indicate buyer-friendly conditions: cooling home value growth now and forecasted appreciation ahead, the share of income a median earner would put toward the mortgage payment on a typical home, and less buyer competition, according to Zillow's Market Heat Index. The list highlights markets where buyers have a better chance of finding a home they can afford and more room to negotiate when they do.Most of Zillow's top 10 buyer-friendly markets are in the Midwest and the Sun Belt. Midwest housing markets generally avoided the steepest pandemic-era price run-ups, helping maintain their relative affordability. In the Sun Belt, new construction booms have helped inventory recover and eased competition for each home. In 5 of the 10 markets, a median household can afford a typical home — meaning a mortgage costs below 30% of income, assuming a 20% down payment.Earlier this month, Zillow named Hartford the hottest market of 2026. Nationwide, Zillow's outlook for this year calls for modest home value growth after a flat 2025. Mortgage rates are forecast to continue edging down toward 6%, or possibly lower, which should give a boost to home sales.Tips for buyers to make the most of buyer-friendly conditions
Lean on local experience. Great agents understand the hyperlocal market dynamics and bargaining tips to help get the best deal available.Don't be afraid to negotiate. Sellers today may cover closing costs or offer other concessions, especially in markets with more buyer-friendly conditions.Tips for sellers to help their listing stand out Price strategically. Sellers should set realistic starting prices, given that buyers likely have more options they can afford. Most sellers should still net solid returns on their sale, given the high-flying home value growth over the past several years.Don't forget screen appeal. When there are more sellers than buyers, it is important that sellers do what they can to make their listing stand out. Tools such as Zillow Showcase can help. Showcase listings sell for 2% more than similar non-Showcase listings on Zillow. Zillow's Most Buyer-Friendly Markets of 2026 RankMetropolitan
AreaTypical Home
Value, December
2025Home Value
Monthly Change,
December 2025
(Smoothed,
Seasonally
Adjusted)Forecasted
Annual Home
Value ChangeShare of Median
Household Income
Needed for Typical
Mortgage Payment1Indianapolis, IN$283,0400.2 %2.9 %26.9 %2Atlanta, GA$374,117-0.1 %1.9 %30.5 %3Charlotte, NC$379,2280.0 %2.6 %31.3 %4Jacksonville, FL$342,8530.0 %1.5 %32.2 %5Oklahoma City, OK$238,7910.2 %2.2 %26.8 %6Memphis, TN$237,8820.2 %1.5 %27.5 %7Detroit, MI$254,3550.4 %2.5 %25.9 %8Miami, FL$466,837-0.1 %2.5 %46.7 %9Tampa, FL$351,532-0.1 %1.5 %35.2 %10Pittsburgh, PA$217,4990.1 %0.6 %22.2 %11Columbus, OH$317,1490.2 %2.7 %29.8 %12Nashville, TN$445,4020.0 %2.1 %35.1 %13Orlando, FL$380,4140.0 %1.9 %36.1 %14Louisville, KY$268,2800.4 %1.6 %27.0 %15Houston, TX$302,4730.0 %0.9 %29.7 %16Raleigh, NC$429,457-0.1 %1.5 %30.4 %17Birmingham, AL$250,4720.3 %0.8 %24.0 %18Cleveland, OH$236,3770.4 %3.4 %27.8 %19Philadelphia, PA$372,8660.2 %2.5 %31.8 %20Kansas City, MO$310,2740.4 %2.7 %29.2 %21San Antonio, TX$273,946-0.1 %-0.3 %28.9 %22Las Vegas, NV$425,546-0.1 %1.6 %36.2 %23Virginia Beach, VA$358,7240.2 %2.2 %32.8 %24St. Louis, MO$261,7240.4 %2.2 %25.6 %25Phoenix, AZ$442,0020.1 %1.0 %33.1 %26Dallas, TX$358,078-0.1 %0.2 %31.2 %27Chicago, IL$333,7860.5 %2.3 %30.2 %28Baltimore, MD$390,5910.1 %0.8 %29.2 %29Milwaukee, WI$362,3680.7 %3.2 %34.5 %30Richmond, VA$379,6000.3 %2.7 %33.2 %31Hartford, CT$376,8110.5 %4.8 %33.2 %32Austin, TX$420,644-0.3 %-2.0 %34.3 %33Salt Lake City, UT$553,9820.4 %1.4 %37.7 %34Riverside, CA$574,6690.3 %2.3 %45.0 %35Buffalo, NY$270,3220.3 %3.6 %26.3 %36Providence, RI$499,4290.4 %3.5 %45.8 %37Washington, DC$567,4920.2 %0.3 %32.8 %38Denver, CO$558,5080.0 %-1.0 %36.6 %39Minneapolis, MN$374,3080.4 %0.2 %29.7 %40New Orleans, LA$248,9200.1 %-3.8 %35.6 %41Portland, OR$534,6140.3 %-0.4 %38.9 %42San Diego, CA$913,2860.2 %2.1 %57.3 %43Boston, MA$706,2810.4 %2.0 %43.7 %44Sacramento, CA$566,3030.2 %-0.2 %41.0 %45Seattle, WA$727,7610.3 %0.6 %46.4 %46New York, NY$699,6580.5 %1.9 %55.1 %47Los Angeles, CA$936,9390.4 %1.3 %67.0 %48San Francisco, CA$1,094,1640.5 %-0.8 %56.4 %49San Jose, CA$1,543,9380.9 %-0.2 %62.6 %*Note: Cincinnati was omitted from the rankings due to missing data.About Zillow Group
Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.(ZFIN)
View original content to download multimedia:https://www.prnewswire.com/news-releases/indianapolis-leads-zillows-list-of-the-best-markets-to-buy-a-home-in-2026-302669356.htmlSOURCE Zillow
Original: Indianapolis leads Zillow's list of the best markets to buy a home in 2026
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