|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's range||61.57 - 64.62|
|52-week range||37.96 - 65.42|
|PE ratio (TTM)||N/A|
|Earnings date||6 Aug 2018 - 10 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||56.71|
Picking the wrong color could cost homeowners when it comes time to sell/iStockA fresh coat of paint will help a house get sold, but choosing the right color can make sellers thousands of dollars richer. Houses with front doors in shades of black — from charcoal to jet — fetched $6,271 more than expected when sold, according to the latest paint color analysis from real-estate website Zillow (ZG). Tuxedo-style kitchen cabinetry — where the upper cabinets are white or light-colored and lower cabinets or kitchen islands are dark navy or black — garnered a premium of more than $1,500.
The price of being a homeowner touched a nine-year high in the first quarter, with borrowers in some parts of the U.S. spending half their income on mortgages, according to a report released Thursday by Zillow. The combination of rising home values and interest rates, and incomes that haven’t kept pace, pushed the cost of covering mortgage payments to 17.1 percent of the median income in the first quarter. “For the past few years, historically low mortgage rates provided the silver lining for buyers as prices rose higher and higher,” Aaron Terrazas, senior economist for Zillow, said in a statement.
While investors were watching the rally in splashy FANG names, smaller internet players have surged. Mark Newton, president and founder of Newton Advisors, only has eyes for one of them.
Redfin’s CEO said in February that he expects housing-market conditions to get worse before they get betterMarketWatch photo illustration/ZillowNow Zillow won’t just show you houses and steer you to real estate agents - it will also sell you some directly. Goldman Sachs on Monday downgraded two real-estate stocks as housing-market challenges persist and the end of the spring selling season looms. In a research note, Goldman equity analysts call Zillow Group(ZG)and Redfin Corp.(RDFN)“online real estate stocks” but note that, despite their internet origins, both companies are still at the mercy of the real-world housing backdrop: tight supply, rising prices and a challenging mortgage lending environment in which credit remains tight even as rates rise.
Shares of Redfin (RDFN) and Zillow Group (ZG) are trading lower on Monday, after Goldman Sachs downgraded the online real-estate stocks. Analyst Heath Terry cut his rating on Zillow to Neutral, and Redfin to Sell, leaving his $21 price target on the latter unchanged. He writes that the move comes ahead of a period of historical underperformance for the stocks, as well as his concern about housing trends--tighter supply, higher prices, and higher mortgage rates--that will weigh on the shares. To wit, he writes that the downgrades aren't a bearish call on Zillow’s launch of Instant Offers or growth in Redfin Now, both of which are initiatives that he believes are "necessary given the growing impact of technology on the traditional agent commission model." Zillow Instant Offer, much like it sounds, allows users selling their home to get instant offers, which they can accept in lieu of using a traditional real estate agent.
The different trajectories for home values and list prices demonstrate how instrumental local economies are in guiding housing marketsIn neighborhoods like this one in San Antonio, Texas, it’s likely gotten cheaper to buy a home over the past year. In cities like Tacoma and San Jose, the median home listing price has skyrocketed over the past year as the housing boom rolls on.
While home values skyrocket nationwide, housing markets in some of the country’s most popular vacation destinations have been slower to take off. Home values in vacation destinations still remain 9% below the peak they reached during the pre-recession housing bubble, according to a recent report from real-estate website Zillow (ZG). Meanwhile, homes in markets that contain the smallest share of vacation properties are now worth 14% more than before the foreclosure crisis.
In some markets, values rose as much as 26% year-over-year in AprilGetty Images/iStockphotoSan Jose, Calif., led the nation in terms of home value appreciation in April.DMAMBMCMDMEMGPREVIEWZBZBRZDZDRZFZGZQZRZSZTZUBad news for prospective home buyers: The rapid appreciation in home values shows no sign of letting up.
An additional 10 percentage-point increase in home values was associated with a 1.5 percentage-point decrease in birth rates among women ages 25 to 29, according to a report released Wednesday by real-estate website Zillow (ZG). The biggest effect was noted in Los Angeles County, where it appears that rising home values prompted 2,588 fewer babies born to women in this age group in 2016 than would have other been expected. This trend was most notable across California, which has been ground zero for rising home prices since the Great Recession.
‘We can broaden and change the idea of what it means to own a home,’ says Alex Rampell of Andreessen HorowitzFlyHomesFlyHomes clients sit in front of their new home. In early June, venture capital giant Andreessen Horowitz said it was investing $17 million in FlyHomes, a startup that works with home buyers to make cash offers — a competitive life boat in many of the nation’s ultra-hot housing markets. It’s not the first housing investment for Andreessen Horowitz, a firm best known for its bets on technology plays Coinbase, GitHub and Facebook(FB) and whose motto is “software is eating the world,” as it sees greater scope for data and access to disrupt traditional real estate practices.
A sharp decline in birthrates in some hot U.S. housing markets could have something to do with those very price increases, according to a report by Zillow. The real estate data provider plotted a trend line from a correlation it observed between rising home prices and declining birthrates among women 25 to 29 years old. As people weigh the costs of having a kid against what it takes to buy in these markets, some may decide to put off starting a family or to have fewer kids or none at all, Zillow said.
Shares of Zillow Group Inc. rallied 2% toward a record high in afternoon trade, after Canaccord Genuity started research coverage of the online residential real estate-related information marketplace with a bullish rating, citing multiple potential tailwinds. Canaccord analyst Maria Ripps initiated Zillow with a buy rating and price target of $65, which was 11% above current levels. "We envision a future when Zillow evolves into more of a commerce platform, progressing from its current role as a media property and moving gradually closer to enabling direct transactions," Ripps wrote in a note to clients.
Weighing in on tech regulation from the Code Conference on Wednesday, Zillow CEO Spencer Rascoff rushed to Facebook's defense.
Prospective home buyers these days are probably feeling pressure to lock in a deal quickly given skyrocketing home prices across most of the country. Real-estate website Zillow and research firm Pulsenomics surveyed more than 100 real-estate experts and economists — and roughly half of them predicted that the next recession will begin sometime in 2020, most likely in the first quarter. This prediction dovetails with a survey of economists carried out by The Wall Street Journal earlier this month.
It's been two years since David's picked a batch of stocks made to thrive in a global society that's ever more focused on the life of the mind.
Don't lament over stocks you missed out on. These three investors have identified stocks that will have you forgetting what could have been.
First we gauge the performance of David’s recommendations. Then, he interviews Middleby Corp.'s remarkable leader, Selim Bassoul.
BOSTON—The possible arrival of Amazon’s second headquarters here is triggering both hopes and apprehension in a neighborhood already dealing with fallout from surging costs in a growing city. While developers say gentrification came slowly there, it is now in full swing, aided by a subway line under Boston Harbor offering quick commutes downtown. Rising rents and displacement are already apparent in what locals call Eastie, and some people worry the company moving in would further pressure vulnerable residents.
Premier Agent, a program in which real estate agents pay up to have their names, faces and contact information posted alongside listings of other agents, might change in a way that could hurt the program and Zillow (Z) in New York State. There is no official ruling to this effect — yet — but the Department of State has shared with Zillow its intention to do this. A Zillow Group spokesperson says, "The Premier Agent advertising program is legal, and the NY DOS has given no indication that the program will be deemed illegal." The company's full statement is at the bottom of this story. Zillow Inc. is the Big Gorilla in online real estate listings.