Orphe Divounguy, Zillow senior economist, joins 'Fast Money' to talk Zillow's 2025 housing market outlook.
2025 promises to be a transformative year for the U.S. housing market, offering fresh opportunities but also keeping everyone on their toes.
Mortgage rates have risen 6 out of the 7 past weeks, further adding to housing market constraints. Zillow Group (Z) CEO Jeremy Wacksman joins Market Domination Overtime to provide insights into the challenging real estate landscape, highlighting how Zillow is navigating the dynamics affecting homebuyers and sellers.
Zillow Group, Inc. (NASDAQ:Z ) RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference November 19, 2024 8:45 AM ET Company Participants Jeremy Wacksman - Chief Executive Officer Jeremy Hofmann - Chief Financial Officer Conference Call Participants Brad Erickson - RBC Brad Erickson Hi everybody, I'm Brad Erickson, I cover Internet here at RBC. I'm very pleased today to have the Jeremys.
Zillow's stock has surged nearly 50% since earlier this year, driven by strong Q3 earnings and significant improvements in revenue and market share. The company's technology platform, including Enhanced Markets and Follow-Up Boss CRM, has increased Zillow's wallet share and user engagement. Zillow's diverse revenue streams, including rentals and mortgage origination, provide insulation from real estate market cycles and additional growth opportunities.
If this becomes the housing platform of the future, Zillow is still undervalued.
Zillow's solid third-quarter results impressed investors.
The online real estate platform posted strong third-quarter results.
Zillow Group, Inc. Z shares are trading higher. The company reported earnings and investors positively reacted.
Jeremy Wacksman, Zillow Group CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, how Zillow has expanded its business, and much more.
Zillow Group, Inc. (NASDAQ:Z ) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET Company Participants Bradley Berning - VP, Strategic Affairs & IR Richard Barton - Co-Founder & CEO Jeremy Wacksman - COO Jeremy Hofmann - CFO Conference Call Participants John Colantuoni - Jefferies Bradley Erickson - RBC Ronald Josey - Citigroup Mark Mahaney - Evercore ISI Nicholas Jones - Citizens JMP Chris Kuntarich - UBS Michael Ng - Goldman Sachs John Campbell - Stephens Ryan McKeveny - Zelman & Associates Operator Hello, and welcome to Zillow's Third Quarter 2024 Financial Results Call. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question-and-answer session.
Zillow (Z) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.33 per share a year ago.