Zillow Group (NASDAQ: Z) (NASDAQ: ZG) reported third-quarter results on Nov. 6.. traffic hitting an all-time high of more than 195 million unique users in July.. In addition, Zillow Group's rental revenue leapt 31%, to $37.3 million. with the first-rate market news and data you've come to expect from us.
Online-advertising revenue hit a record $2.37 billion in the second quarter, surpassing levels set during the dot-com boom. First-half revenue was $4.6 billion, up 40% from a year ago.
Mark, a meat buyer for a grocery chain, and Anne, a nurse, bought the house for $293,000 in 2010 during the U.S. foreclosure crisis, which hit the Phoenix area. or the unemployed. Zillow is part of.
· On a GAAP basis, first-quarter earnings per share came in at 48 cents, indicating an increase of 9.1% year over year from 44 cents. The company posted revenues of around $5.14 billion, which beat the Zacks Consensus Estimate of $5.10 billion. It also compares favorably with the year-ago quarter’s reported tally of $4.67 billion.
· Student debt reached record levels this year, with the total amount at $1.56 trillion in the third quarter of 2018ii. Paying off student loans also makes it harder to set aside money for a down payment, which is one of the top barriers to homeownership. And saving for that down payment takes longer than it did for previous generations.
Zillow appoints Errol Samuelson to new executive position Zillow appoints former Glassdoor exec | AIM Group – Zillow has appointed Dawn Lyon, a former executive at Glassdoor, to the newly created position of chief corporate relations officer.Lyon reports directly to zillow group ceo rich Barton and will oversee corporate communications, government and community relations and investor relations.
Zillow reported its first quarter earnings, showing revenues hit record highs. site traffic also hit new highs, and the company updated its forecast for its full-year revenues. Now, if revenues hit the midrange of Zillow’s new forecast, it will represent an increase of 25% from 2016.
NAR existing home sales increase 2.1% in October · Washington (AFP) – Long-suffering sales of existing US homes rose in October for the first time since March but a low trend persisted, according to an industry survey released Wednesday. The unexpected sales increase came despite rising interest rates and tight supplies, which drove up prices for the 80th straight month, although more slowly.Trulia reveals best home-searching season Amherst’s Goodman: One in five distressed homeowners at risk of losing home Greenspan Accuses U.S. of Dollar Weakening (Thanks to F.J.D. for the link.) Sue C. spotted this: Currency Disputes Hang Over G-20 Summit Amherst’s Goodman: One in five distressed homeowners at risk of losing home. (A hat tip to B.B. for the link.)24/7 Wall St. looked at the median asking price in the area, also provided by Trulia. These are the most popular towns in which to buy a vacation home. Median asking price. out to college students.Sub-prise! Mortgages get looser despite tighter regulations Notes On Credit Acceptance Corp. – Credit Acceptance Corp. makes used car loans to subprime borrowers. to decline (fewer loans get originated at each dealer as CACC is willing to give up market share to competitors who are willing.Springboard helps formerly distressed borrowers get back on track Flagstar mortgage servicing settlement with CFPB imminent Delinquency and foreclosure rates continue to improve consumers’ loan delinquency rates continue to decline and remain below the 15-year average of 2.21 percent, according to the second quarter Consumer credit delinquency bulletin released by the American Banker’s Association on Thursday.. The composite ratio of delinquencies in eight closed-end loans (including for homes and vehicles) declined three basis points to a record low of 1.35 percent.