Track market-moving stories before they get noisy

Zillow expects continued softness in the for-sale market, with newly pending sales and inventory growth both decelerating as affordability challenges push demand toward rentals

Home sales fell 0.6% year over year in August, a deceleration from July's 6% annual gain, according to Zillow's August Market Report. Newly pending listings, a leading indicator of future closings, fell 2.6% year over year in August, extending a rapid deceleration from June's 7.5% annual gain — even as the number of homes for sale continues to climb. The rental market shows signs of absorbing sidelined demand, with rents rising 2.5% year over year, nearly double the rate of home value growth. , /PRNewswire/ -- Home sales slipped 0.6% year over year in August and fell sharply from July, according to the Zillow® August Market Report. Mortgage rates holding above 6.5% — their highest level in a year — kept many buyers on the sidelines. Newly pending listings, a forward-looking measure of demand, fell 2.6% from a year ago, a sign that the slowdown could continue through the remainder of the year.

August's closed sales largely reflect contracts signed in July, when elevated rates were already discouraging many would-be buyers. The typical U.S. home value rose 1.3% from a year ago to $369,678, according to the Zillow Home Value Index, and the monthly mortgage payment on the typical home was 2% higher than last year. Rents are climbing, too, up 2.5% year over year to $1,948 nationwide, giving prospective buyers little relief on either side of the rent-versus-own equation. That annual rent growth figure is also reaccelerating, up from 2.3% last month and 2% a year ago, suggesting the rental market is absorbing some of the demand that has shifted away from the for-sale market.

Inventory continues to offer a modest bright spot, with 1.41 million homes for sale nationwide, up 3% from a year ago. But new listings fell 7.9% from July, and the share of listings with a price cut edged up to 26.3% — half a percentage point above last year — a sign that sellers are still having to adjust expectations to meet the market.

"The for-sale housing market took a step back in August, and mortgage rates above 6.5% are the primary culprit," said Mischa Fisher, chief economist at Zillow. "The combination of weak sales and even weaker pending sales points to a soft close to 2026. There are more homes for sale than a year ago, which is good news for buyers who are ready to move, but until rates ease, many households will likely stay on the sidelines a little longer as renting is still the more affordable substitute."

Home Values & Mortgage Payments

The typical U.S. home value is $369,678. The Zillow Home Value Index (ZHVI) fell 0.1% month over month in August. Home values are 1.3% higher than a year earlier. The monthly mortgage payment on a typical U.S. home is $1,897, assuming a 20% down payment and including estimates for taxes, insurance and maintenance. That is 2% higher than last year. Inventory

There were 1.41 million homes for sale nationwide in August. Active inventory was 3% higher than a year earlier. Inventory rose 0.2% from July. New for-sale listings totaled 356,934 in August, up 2.4% from a year earlier and down 7.9% from July. Sales

339,927 homes were sold in August, according to Zillow's sales count nowcast. That is 0.6% lower than a year earlier, and down 10.7% from July. Competition

Homes took a median of 27 days to go pending in August. That's the same as last year and two days longer than July. The share of listings with a price cut in August was 26.3%. That was up 0.5 percentage points from a year earlier and down 0.8 percentage points from July. 29.6% of homes sold above list price in July, the most recent data available. That was 0.8 percentage points higher than a year earlier and 1.1 percentage points lower than June. Rents

The typical rent nationwide is $1,948, according to the Zillow Observed Rent Index. That's 2.5% higher than a year earlier and up 0.2% from July. 39.2% of rental listings on Zillow offered a concession in August. That's 2.5 percentage points higher than a year earlier and down 0.6 percentage points from July. Local data can be found on Zillow's market explorer. The Zillow September Market Report is expected to be released October 6.

Zillow August Market Report

Metro Area*

Typical
Home
Value
(ZHVI)

Home
Value
Change:
MoM

Home
Value
Change:
YoY

Inventory
Change:
YoY

Sales
Count
Nowcast 
Change:
YoY

Typical
Rent
(ZORI)

Rent
Change:
MoM

Rent
Change:
YoY

United States

$369,678

-0.1 %

1.3 %

0.2 %

-0.6 %

$1,948

0.2 %

2.5 %

New York, NY

$739,324

0.4 %

5.2 %

-3.5 %

-2.3 %

$3,615

0.2 %

4.2 %

Los Angeles, CA

$957,612

-0.3 %

1.4 %

0.5 %

-2.0 %

$2,941

0.2 %

1.6 %

Chicago, IL

$359,782

0.3 %

5.1 %

-0.4 %

4.9 %

$2,210

-0.1 %

4.9 %

Dallas, TX

$361,463

-0.3 %

-1.9 %

-1.3 %

-2.1 %

$1,659

0.1 %

0.4 %

Houston, TX

$305,386

-0.3 %

-1.8 %

-1.1 %

-4.0 %

$1,643

0.0 %

0.0 %

Washington, DC

$575,362

-0.5 %

0.3 %

-2.6 %

-3.5 %

$2,433

0.2 %

0.8 %

Philadelphia, PA

$390,935

-0.1 %

2.5 %

-0.2 %

-2.7 %

$1,911

0.4 %

3.6 %

Miami, FL

$477,919

0.2 %

0.5 %

-2.6 %

-1.0 %

$2,666

0.2 %

1.6 %

Atlanta, GA

$377,813

-0.4 %

-1.5 %

0.6 %

-0.8 %

$1,853

0.3 %

2.0 %

Boston, MA

$737,482

-0.2 %

2.3 %

-4.2 %

0.1 %

$3,074

-0.7 %

2.4 %

Phoenix, AZ

$442,171

-0.4 %

-1.0 %

-0.9 %

-1.4 %

$1,722

0.1 %

0.7 %

San Francisco, CA

$1,134,525

-0.3 %

3.3 %

-1.1 %

2.5 %

$3,409

1.7 %

10.8 %

Riverside, CA

$583,081

-0.1 %

0.4 %

-0.9 %

-0.7 %

$2,541

0.3 %

2.8 %

Detroit, MI

$267,999

-0.1 %

1.8 %

5.0 %

-1.6 %

$1,524

0.4 %

3.8 %

Seattle, WA

$730,623

-0.8 %

-1.6 %

0.0 %

-6.5 %

$2,278

0.2 %

1.7 %

Minneapolis, MN

$390,396

-0.2 %

1.7 %

1.4 %

4.4 %

$1,719

0.1 %

3.5 %

San Diego, CA

$934,936

-0.4 %

1.0 %

-2.0 %

-6.3 %

$2,994

0.3 %

2.0 %

Tampa, FL

$359,285

-0.1 %

-0.6 %

-1.4 %

2.7 %

$2,001

0.1 %

-0.1 %

Denver, CO

$562,732

-0.5 %

-1.5 %

0.0 %

-1.6 %

$1,922

-0.1 %

-0.6 %

Baltimore, MD

$400,583

-0.4 %

0.4 %

0.2 %

3.7 %

$1,948

0.3 %

2.6 %

St. Louis, MO

$277,084

-0.1 %

3.3 %

-0.5 %

-5.3 %

$1,443

0.2 %

3.9 %

Orlando, FL

$383,656

-0.2 %

-1.4 %

-1.0 %

5.8 %

$1,942

0.0 %

0.7 %

Charlotte, NC

$384,369

-0.4 %

-0.7 %

-1.5 %

-2.4 %

$1,749

0.2 %

1.0 %

San Antonio, TX

$276,834

-0.3 %

-1.8 %

-0.5 %

5.7 %

$1,422

0.2 %

-1.3 %

Portland, OR

$545,374

-0.3 %

0.1 %

-0.4 %

1.4 %

$1,818

0.3 %

0.6 %

Sacramento, CA

$576,967

-0.3 %

0.2 %

-1.3 %

3.5 %

$2,282

0.3 %

1.7 %

Pittsburgh, PA

$232,967

0.1 %

0.3 %

-0.3 %

-6.5 %

$1,469

0.0 %

3.4 %

Cincinnati, OH

$309,495

-0.2 %

2.3 %

-1.8 %

3.7 %

$1,522

0.2 %

2.6 %

Austin, TX

$419,900

-0.5 %

-4.2 %

-3.2 %

2.0 %

$1,622

0.1 %

0.0 %

Las Vegas, NV

$423,354

-0.5 %

-2.8 %

1.8 %

2.1 %

$1,742

-0.3 %

0.1 %

Kansas City, MO

$329,538

0.0 %

3.8 %

-0.5 %

1.7 %

$1,529

0.3 %

3.6 %

Columbus, OH

$331,866

-0.1 %

1.3 %

-0.5 %

6.3 %

$1,521

0.5 %

2.6 %

Indianapolis, IN

$294,343

-0.1 %

1.0 %

2.9 %

-2.7 %

$1,552

0.3 %

3.3 %

Cleveland, OH

$255,245

0.3 %

4.0 %

1.6 %

1.4 %

$1,454

0.3 %

4.5 %

San Jose, CA

$1,544,638

-1.0 %

0.3 %

0.2 %

-5.7 %

$3,815

1.0 %

7.6 %

Nashville, TN

$453,322

-0.2 %

-0.3 %

0.7 %

1.0 %

$1,813

0.2 %

0.8 %

Virginia Beach, VA

$374,765

0.0 %

2.9 %

0.6 %

3.4 %

$1,891

1.0 %

6.6 %

Providence, RI

$528,018

0.1 %

3.7 %

2.3 %

-1.5 %

$2,167

0.1 %

4.3 %

Jacksonville, FL

$351,487

-0.1 %

0.0 %

-2.2 %

-1.0 %

$1,696

0.2 %

1.8 %

Milwaukee, WI

$391,398

0.1 %

5.5 %

-1.4 %

-2.9 %

$1,563

0.3 %

5.0 %

Oklahoma City, OK

$246,105

0.0 %

1.1 %

2.4 %

-4.9 %

$1,388

0.2 %

2.3 %

Raleigh, NC

$431,407

-0.4 %

-1.6 %

-1.4 %

4.7 %

$1,675

0.3 %

0.8 %

Memphis, TN

$244,845

-0.2 %

0.1 %

-0.5 %

0.8 %

$1,400

-0.1 %

1.0 %

Richmond, VA

$396,305

-0.1 %

2.7 %

3.5 %

-3.6 %

$1,729

-0.2 %

2.5 %

Louisville, KY

$280,808

-0.3 %

1.6 %

1.7 %

-0.2 %

$1,348

0.0 %

1.6 %

New Orleans, LA

$261,012

-0.3 %

1.6 %

-0.8 %

-2.7 %

$1,598

0.0 %

1.4 %

Salt Lake City, UT

$562,551

-0.2 %

1.0 %

6.2 %

0.1 %

$1,641

0.1 %

0.5 %

Hartford, CT

$404,670

0.2 %

5.2 %

1.0 %

1.2 %

$2,034

0.3 %

3.2 %

Buffalo, NY

$292,435

0.3 %

3.7 %

5.2 %

-3.8 %

$1,449

0.5 %

3.5 %

Birmingham, AL

$263,461

0.0 %

2.5 %

0.4 %

1.0 %

$1,433

0.8 %

2.0 %

*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)

SOURCE Zillow, Inc.

Key Takeaways Zillow has reported more than 1.78 million rent payments to major credit bureaus since 2024.CreditClimb lets renters report payments beyond Zillow, while Esusu users saw an average 53-point score rise.Zillow links credit-building with BuyAbility and down-payment tools to support renters to homeownership. Zillow (Z - Free Report) is expanding its role in the housing market by helping renters build stronger credit histories through on-time rent reporting. Since launching its free rent-reporting program in 2024, Zillow has reported more than 1.78 million rent payments to major credit bureaus. In July 2026 alone, more than 78,000 renters had payments reported, which rose 26% year over year and marked the highest monthly total since the program began.

Zillow is broadening the reach of the program through CreditClimb, launched in November 2025 and powered by Esusu. The tool enables renters to report rent payments even when they do not pay rent directly through Zillow. According to the cited data, renters consistently using Esusu-powered programs have experienced an average 53-point increase in credit scores.

Zillow is also connecting renters with tools such as BuyAbility and information on down-payment assistance. This creates a more connected journey in which consumers can move from renting and establishing credit to assessing affordability and eventually purchasing a home.

Final Take on ZillowAs more renters become financially prepared for homeownership, Zillow could gain additional opportunities to monetize these users across multiple stages of the housing journey. The initiative could support engagement, deepen customer relationships and enhance Zillow's brand as a platform that not only helps consumers find homes but also become financially ready to buy one.

However, higher lead acquisition, advertising and legal costs can delay margin expansion for Zillow, impacting its performance.

Over the past three months, shares of this Zacks Rank #3 (Hold) company have declined 3.8% compared with the industry’s fall of 1.2%.

Image Source: Zacks Investment Research

Stocks to ConsiderSome better-ranked stocks from the broader REIT sector are Digital Realty Trust (DLR - Free Report) and OUTFRONT Media (OUT - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for DLR’s 2026 FFO per share has been revised upward marginally to $8.40 over the past month.

The consensus estimate for OUT’s 2026 FFO per share has moved 1.3% upward over the past week to $2.32.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.

, /PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced Zillow Group will present at this year's Goldman Sachs Communacopia + Technology Conference in San Francisco. 

Chief Operating Officer & Chief Financial Officer Jeremy Hofmann will participate in a fireside chat on Thursday, Sept. 10, at 10:50 a.m. PT / 1:50 p.m. ET. 

Register and access the live webcast here. Live and recorded versions of the webcast will also be available under the Events & Presentations section on Zillow Group's Investor Relations website.

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)

SOURCE Zillow Group, Inc.

Zillow and Redfin have reached a settlement with the Federal Trade Commission (FTC) and five states, ending a legal fight over a 2025 partnership that the FTC claimed hurt competition in the rental-listing market. The settlement was announced on Monday, just as the case was scheduled to head toward trial this morning. 

The case stems from a deal announced last year in which Redfin agreed to display Zillow’s rental listings on its websites rather than compete directly with Zillow for rental advertisers. The arrangement could have kept Redfin out of the rental advertising business for as long as nine years. Redfin owns Rent.com and ApartmentGuide.com, two major rental-listing platforms. 

According to the FTC and attorneys general from Arizona, Connecticut, New York, Virginia, and Washington, Zillow agreed to pay Redfin $100 million to keep Redfin from competing with Zillow.

The companies defended the partnership as a way to give renters access to a larger pool of listings. The FTC, however, argued that Zillow was paying one of its largest competitors to stop competing, potentially allowing the company to charge higher prices and provide less favorable terms to property managers. It could have also reduced the quality of rental listings available to consumers.

Under the proposed settlement, Redfin will be required to reenter the rental advertising business. The order also removes restrictions that previously limited Redfin’s ability to compete independently for property-management customers.

The settlement doesn’t completely end the relationship between the two companies. Redfin can continue displaying Zillow’s rental listings, but it will once again be able to compete for its own customers. Redfin will be able to sell advertising, display listings from its own clients, and pursue new rental customers without being required to share sensitive business information with Zillow.

The Zillow-Redfin case comes just months after the DOJ’s settlement with Ticketmaster, another antitrust case involving allegations that a dominant company used its power to suppress competition. However, 26 of the 30 state attorneys general who initially sued Live Nation alongside the DOJ chose to continue pursuing the case and won their lawsuit in April.

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Lauren covers media, streaming, apps and platforms at TechCrunch.

You can contact or verify outreach from Lauren by emailing [email protected] or via encrypted message at laurenforris22.25 on Signal.

The U.S. Federal Trade Commission and a group of states settled with Zillow (ZG.O) ahead of trial on Monday, ending claims the online real estate platform illegally paid Rocket Companies' (RKT.N) Redfin $100 million to stop competing in apartment rental listings.

The FTC and ​five states were ready to argue at trial scheduled to start Monday that the Zillow-Redfin partnership drove up costs ​for landlords and decreased listing quality for renters. More than 30% of Americans rent ⁠their homes, according to census data.

Under the settlement, Redfin can continue to display Zillow ads on its sites but ​will resume its rental advertising business within six months, the FTC and states said.

While Democratic state attorneys general have clashed with ​the Trump administration on other matters, both the FTC and the states called the settlement a win.

New York Attorney General Letitia James said the lawsuit restored competition in online listing platforms, "critical tools that New Yorkers rely on to find affordable homes."

Virginia, Arizona, ​Connecticut and Washington were also plaintiffs.

FTC Chair Andrew Ferguson said the settlement will provide competition in rental markets ​that is "an integral component of President Donald Trump’s domestic housing agenda."

A Redfin spokesperson said the settlement allows the company to maintain ‌its ⁠partnership with Zillow through at least 2030 while building its own rentals business.

Zillow rentals executive Michael Sherman said the settlement is positive and "enables us to keep our energy on innovating for renters and property managers."

Zillow and Redfin made a deal in February 2025: Redfin would wind down its rental listing business, ​refer its customers to Zillow, ​and display copies of ⁠Zillow's listings on its site. Redfin agreed to stay out of the business for up to nine years.

In return, Zillow agreed to pay Redfin $100 million, plus fees ​for each renter who signaled interest in a property.

The FTC sued the companies, as ​did New ⁠York, Virginia, Arizona, Connecticut and Washington. They said that before the deal, Zillow and Redfin were competing to list vacancies in buildings with more than 25 units.

After Redfin stopped competing, Zillow customers paid an average of 14.5% more per listing, ⁠an ​expert for the FTC and states estimated, while some property managers ​stopped buying online listings.

Zillow had said in court papers that the deal put more listings on both sites and helped it compete with market leader CoStar ​Group (CSGP.O). Exclusive deals are common in the industry, Zillow had said.

Nationally, a typical household can save for and come out ahead on a home purchase compared to renting after about 15 years

A typical U.S. household needs 8.5 years to save for a down payment and an additional 6.2 years to break even on the purchase relative to renting, according to a new analysis by Zillow. In San Jose, the combined timeline is almost 50 years. In Memphis, it's about 11 years. Targeting a starter home can cut the timeline roughly in half: Nationwide, a typical household reaches the break-even point in 7.2 years. , /PRNewswire/ -- Buying a home is a financial commitment measured not just in dollars, but in years. Whether to buy or rent is a complex question that depends on where you want to live and your lifestyle preferences, in addition to your financial situation. Nationwide, a median-income household can save for a down payment and break even on their purchase in less than 15 years, compared to renting, according to a new Zillow® analysis.

To measure how long a potential buyer should expect to wait until buying makes more financial sense than renting, Zillow looked at how long it takes to save for a down payment, then come out ahead financially compared to renting a single-family home. Nationally, a household saving 10% of the median income needs 8.5 years to save enough to put 20% down on the typical single-family home, then another 6.2 years before the investment pays off relative to renting.

The numbers vary widely market by market. Memphis has the shortest timeline at just under 11 years, with Pittsburgh, Detroit and Indianapolis showing similar numbers. That puts a four-year college graduate on track to cross that threshold by their mid-30s. But in the most expensive markets — like California's major markets — that timeline may mean you need to age in place in your first home. San Jose has the longest timeline at nearly 50 years.

"The common wisdom is that saving early to buy a home is the smart financial move, but the reality is more nuanced," said Kara Ng, senior economist at Zillow. "The breakeven number tells you something about a market that a price tag alone doesn't. Buyers should think about not just when they can afford to buy, but how long they'd need to stay before owning makes more financial sense than renting. Homeownership comes with equity and stability, while renting offers flexibility and freedom from maintenance bills and emergencies."

The years add up differently depending on where you live
Not every timeline follows the same path. A typical household in Austin can save for a down payment after about eight years — faster than the national figure. But because rents have fallen in the area and are relatively affordable, that same buyer needs another 18 years to break even compared to renting, nearly triple the national average. Meanwhile, a typical Miami household needs five more years to save for a down payment than in Austin, but roughly half the time to break even once it does. The result is that Miami buyers reach the finish line about three years ahead of Austin buyers, despite the longer wait to buy a home.

This split matters for how potential buyers should interpret these numbers. A long timeline in one market may reflect affordability challenges across the board, while in a market like Austin it represents a more significant financial tradeoff when jumping into homeownership while the rental market is friendly.

The starter home dilemma
One way to shorten the clock is to target a starter home, defined by Zillow as the average home in the lowest one-third of home values in a given region. Nationwide, it takes half the time — 7.2 years — to save for and come out ahead when buying a starter home compared to renting a typical multifamily unit.

However, with the cost of homeownership this high, buyers have signaled they do not want an expensive project. Turnkey homes sell for 2.9% more than expected, according to Zillow research, while remodeled homes sell for 2.2% more than similar homes without renovations noted in the listing description. Meanwhile, fixer-upper homes sell for 14% less. Not all starter homes need renovations, but buyers who go this route should account for the full cost of ownership, including the possibility of repairs.

The housing shortage is what's driving the affordability crisis
In July 2019, before the pandemic, the combined timeline was 11 years nationwide, nearly four years shorter than it is today. At the root of the housing affordability crisis is a shortage that stands at 4.7 million homes, according to Zillow's latest estimate. The metros with the largest shortages tend to also have the longest break-even timelines. Los Angeles, for example, has the second-largest deficit at nearly 345,000 homes, and a break-even timeline of nearly 38 years.

Closing a gap this large requires action on multiple fronts. Zillow advocates for measures that make it easier and less expensive to build, including modernizing zoning to allow more density, streamlining permitting, and expanding financing options for manufactured housing.

Tools for buyers ready to move
For buyers ready to move, a few tools can help during the saving stage. BuyAbilitySM shows in real time what a buyer can afford as mortgage rates change. CreditClimb lets renters build credit from the rent they already pay, which can help them qualify for a better loan. And Zillow for-sale listings show down payment assistance programs that buyers may qualify for in their area. 

Methodology
Years to save is calculated as the number of years a household saving 10% of the area's median income would need to accumulate a 20% down payment on either a typical single-family home or a typical starter home. The years to break even compared to renting is drawn from Zillow's Rent vs. Buy analysis, which compares the total costs of owning versus renting an equivalent home, accounting for mortgage payments, taxes, insurance, maintenance and opportunity costs.

The primary scenario compares buying a typical single-family home, as measured by the Zillow Home Value Index, against renting a typical single-family unit, as measured by the Zillow Observed Rent Index. The starter home scenario compares buying a starter home — defined as the average home in the lowest third of home values in a given region — against renting a typical multifamily unit, as measured by the Zillow Observed Rent Index. Data reflects market conditions as of July 2026.

Metro Area

Years to Save
(Single-Family Home)

Years to Break Even
(Single-Family Home)

Total
(Single-Family Home)

Years to Save
(Starter Home)

Years to Break Even
(Starter Home)

Total
(Starter Home)

United States

8.5

6.2

14.7

4.6

2.6

7.2

New York, NY

14.3

15.1

29.4

9.2

3.9

13.1

Los Angeles, CA

19.8

17.9

37.7

12.9

13.5

26.4

Chicago, IL

7.9

6.9

14.8

4.8

2.7

7.4

Dallas, TX

7.4

9.5

16.9

5.0

5.9

10.9

Houston, TX

7.1

6.1

13.2

4.8

4.3

9.1

Washington, DC

9.3

11.4

20.7

5.6

6.6

12.2

Philadelphia, PA

8.3

9.8

18.0

4.7

3.3

7.9

Miami, FL

13.2

9.6

22.8

5.9

2.6

8.5

Atlanta, GA

7.8

5.3

13.2

5.2

3.1

8.2

Boston, MA

12.3

15.1

27.4

8.2

7.4

15.6

Phoenix, AZ

9.5

6.1

15.6

6.8

4.6

11.4

San Francisco, CA

16.9

30.0

46.9

9.2

17.0

26.2

Riverside, CA

12.3

10.8

23.0

8.7

7.3

15.9

Detroit, MI

6.6

4.8

11.4

3.4

1.6

4.9

Seattle, WA

13.0

18.4

31.4

8.6

13.2

21.8

Minneapolis, MN

7.8

8.2

16.0

5.4

6.3

11.7

San Diego, CA

17.0

23.4

40.4

11.3

13.3

24.5

Tampa, FL

9.0

6.3

15.2

5.6

3.0

8.6

Denver, CO

10.3

10.3

20.6

6.9

11.5

18.4

Baltimore, MD

7.9

9.5

17.4

4.4

3.6

8.0

St. Louis, MO

6.5

9.2

15.7

3.3

2.7

5.9

Orlando, FL

9.3

5.8

15.1

6.1

3.3

9.4

Charlotte, NC

8.5

5.9

14.4

5.5

3.5

9.0

San Antonio, TX

6.7

7.8

14.4

4.3

5.6

9.9

Portland, OR

10.6

16.3

26.8

7.8

18.2

25.9

Sacramento, CA

11.2

14.4

25.6

8.2

12.8

21.0

Pittsburgh, PA

5.5

5.6

11.1

2.9

2.1

5.0

Cincinnati, OH

7.4

4.8

12.2

4.5

3.1

7.6

Austin, TX

8.1

18.1

26.2

5.7

23.3

28.9

Las Vegas, NV

10.5

5.3

15.7

7.3

3.7

11.0

Kansas City, MO

7.4

8.6

16.0

4.4

3.4

7.8

Columbus, OH

8.0

5.5

13.5

4.5

3.2

7.7

Indianapolis, IN

7.1

4.4

11.5

4.4

2.4

6.8

Cleveland, OH

7.0

6.1

13.1

3.9

2.4

6.3

San Jose, CA

19.2

30.0

49.2

10.8

24.5

35.3

Nashville, TN

9.8

8.4

18.2

6.6

5.3

12.0

Virginia Beach, VA

8.6

9.3

18.0

5.8

5.8

11.7

Providence, RI

12.5

10.0

22.5

9.2

8.2

17.3

Jacksonville, FL

8.3

7.3

15.5

5.0

3.3

8.3

Milwaukee, WI

9.8

11.9

21.8

5.9

4.4

10.3

Oklahoma City, OK

6.3

9.2

15.5

3.9

4.3

8.1

Raleigh, NC

8.1

10.3

18.4

5.6

6.3

11.8

Memphis, TN

6.8

4.2

10.9

3.4

1.8

5.2

Richmond, VA

9.1

6.7

15.8

6.3

4.6

10.9

Louisville, KY

7.2

4.7

11.9

4.7

2.7

7.4

New Orleans, LA

8.0

11.2

19.2

5.1

3.3

8.4

Salt Lake City, UT

10.9

6.9

17.8

8.0

6.9

14.9

Hartford, CT

8.5

14.3

22.8

5.8

10.3

16.0

Buffalo, NY

7.6

4.7

12.3

5.1

3.2

8.3

Birmingham, AL

6.6

5.2

11.7

3.0

1.8

4.9

*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)

SOURCE Zillow

A scarcity of affordable multibedroom rentals is the biggest barrier

Key Findings:

Rent burden falls harder on families: Families with children are more likely to be rent-burdened than nonfamily households — a gap driven not by income, but by the higher cost of the larger homes families need. Family-size rentals are scarce: Thirty-seven percent of rentals offered two bedrooms, and only 24% offered three or more as of July 2026, limiting options for the more than one-third of renters who have children. The housing shortage is the underlying cause: The U.S. is short 4.7 million homes, driving up housing costs across the board. , /PRNewswire/ -- Amid rising inflation and childcare costs, families today face another affordability hurdle: rent burden. A new Zillow® and StreetEasy® analysis of the U.S. Census Bureau's American Community Survey data shows that approximately 1 in 3 family households with children under the age of 18 today are renting their home, and more than half of those families (54.1%) are rent burdened. In addition, 49.7% of all U.S. renters are rent burdened, meaning they spend more than the recommended 30% of household income on rent.

The reason is structural. Families with children often need more space and more bedrooms, but these larger homes come at a higher cost and are in shorter supply. Across the country, just over one-third (37%) of all rentals on Zillow in July offered two bedrooms, and fewer than one-quarter (24.4%) offered three or more.

"At its heart, our affordability crisis is a supply crisis," said Zillow and StreetEasy Senior Economist Kenny Lee. "As the average age of renters climbs, more than a third of renters today have children, yet their options for affordable family-sized apartments remain limited in most markets. That pushes competition for homes higher, which pushes housing costs higher, and ultimately leads to more families doubling up or staying in homes they've long outgrown."

While family households generally earn significantly more than their nonfamily counterparts, they still struggle to make the math work in high-cost markets. In Miami, for example, where 41.7% of all family households are renters, an outsize 67% of those renter family households face rent burden. Though the median family household income in Miami is $100,000 — well above the $52,000 median income for nonfamily households — the median rent for a two-bedroom rental is $2,600, or $31,200 annually, pushing into rent burden territory.

The challenge for families to find affordable housing is most extreme in expensive coastal markets like Seattle and New York City, where fewer than half of rental listings on Zillow and StreetEasy had at least two bedrooms, as of July. NYC has the highest share of renter families of any market across the country, at 66.7%, yet just 48.1% of July rental listings had multiple bedrooms. The median family household income in the city sits just under $89,000 per year — nearly $27,000 more than the median nonfamily household. Despite that income advantage, 53.4% of renter family households spent more than 30% of their income on housing, as median rent for a two-bedroom rental runs $4,750, or $57,000 annually.

Zillow research shows that America's housing deficit of 4.7 million units — the result of nearly two decades of underbuilding — is the primary driver of the housing affordability crisis today. Closing that gap requires building more homes, and a significant amount of land to build them on is already available. More than 300,000 empty lots were listed for sale on Zillow in June 2026, representing 17.4% of all for-sale listings. Building just one home on each of those lots would reduce America's housing deficit by 6.3% — and the typical lot is often large enough to support more than one unit, meaning the real potential is even higher.

Yet zoning rules in many cities still restrict how and where larger, multibedroom rental homes and manufactured housing can be built, and permitting backlogs slow construction in the markets where it is needed most. Zillow advocates for flexible zoning to allow more density, streamlined permitting and expanded financing options for manufactured housing to unlock homeownership for more people. Read more about what needs to change in our ongoing affordability research.

Metro area

Share of
family
households
that rent

Share of
renter
families
that are
rent
burdened

Median
family
household
income

Median
annual
list rent
for two
bedrooms

Median
annual list
rent for
three or
more
bedrooms

Share of
rentals with
two
bedrooms

Share of
rentals
with three
or more
bedrooms

United States

31.7 %

54.1 %

$107,800

$21,480

$27,600

37.0 %

24.4 %

Orlando, FL

40.4 %

68.8 %

$96,000

$22,128

$28,080

36.9 %

30.2 %

Miami, FL

41.7 %

67.0 %

$100,000

$31,200

$42,300

37.6 %

26.5 %

New Orleans, LA

31.6 %

66.4 %

$86,802

$17,400

$23,400

38.1 %

26.2 %

Jacksonville, FL

29.9 %

63.6 %

$101,793

$19,116

$24,000

38.0 %

41.9 %

Tampa, FL

32.4 %

63.4 %

$107,665

$21,900

$28,740

40.0 %

24.8 %

Hartford, CT

26.9 %

62.8 %

$130,000

$24,708

$28,800

38.9 %

18.1 %

Raleigh, NC

28.2 %

61.0 %

$143,195

$19,188

$24,948

36.8 %

25.8 %

Riverside, CA

38.1 %

60.8 %

$102,000

$28,800

$40,260

40.2 %

32.9 %

Houston, TX

34.8 %

60.6 %

$101,344

$18,288

$26,100

32.3 %

25.2 %

San Antonio, TX

35.3 %

60.2 %

$95,000

$15,948

$21,564

31.5 %

27.9 %

Virginia Beach, VA

39.9 %

60.2 %

$95,437

$21,000

$28,740

44.3 %

26.0 %

San Diego, CA

44.5 %

60.1 %

$135,000

$37,740

$52,812

39.5 %

18.3 %

Los Angeles, CA

50.9 %

60.1 %

$117,500

$36,612

$53,940

33.5 %

18.2 %

Louisville, KY

28.8 %

59.9 %

$97,422

$15,540

$21,018

45.2 %

21.6 %

Las Vegas, NV

42.1 %

59.0 %

$95,205

$18,492

$26,280

38.9 %

27.4 %

Memphis, TN

45.7 %

58.9 %

$84,315

$13,560

$19,140

35.8 %

36.5 %

Nashville, TN

28.6 %

57.1 %

$108,808

$20,340

$27,180

35.8 %

22.3 %

Atlanta, GA

28.5 %

57.1 %

$120,000

$20,364

$26,400

36.4 %

28.1 %

Detroit, MI

24.8 %

56.5 %

$108,000

$17,940

$20,400

44.5 %

22.7 %

Portland, OR

29.8 %

56.4 %

$139,210

$21,540

$31,140

39.4 %

16.3 %

Dallas, TX

33.2 %

56.4 %

$116,522

$20,280

$28,200

33.7 %

19.2 %

Chicago, IL

26.9 %

56.4 %

$120,631

$25,800

$33,000

36.1 %

18.6 %

Boston, MA

30.2 %

56.3 %

$170,000

$38,340

$50,400

34.3 %

27.0 %

Baltimore, MD

28.1 %

56.3 %

$138,000

$21,804

$29,700

40.4 %

24.2 %

Denver, CO

25.9 %

55.8 %

$150,000

$24,120

$34,980

35.9 %

14.1 %

Providence, RI

33.5 %

55.7 %

$114,000

$26,220

$31,200

39.8 %

28.6 %

Milwaukee, WI

28.1 %

55.4 %

$116,920

$21,540

$23,760

41.9 %

17.9 %

Sacramento, CA

34.9 %

55.3 %

$123,000

$24,768

$34,800

38.9 %

26.0 %

Philadelphia, PA

26.6 %

55.1 %

$125,000

$23,700

$28,800

35.0 %

18.5 %

Buffalo, NY

25.7 %

54.9 %

$108,000

$17,940

$20,400

49.4 %

24.3 %

Minneapolis, MN

19.6 %

54.5 %

$144,931

$21,420

$29,400

36.7 %

13.7 %

Seattle, WA

31.7 %

54.4 %

$165,000

$27,600

$38,694

30.7 %

14.5 %

Columbus, OH

31.1 %

54.3 %

$117,062

$18,048

$24,600

48.6 %

15.4 %

Indianapolis, IN

27.8 %

54.1 %

$110,000

$17,400

$22,200

42.1 %

21.7 %

Pittsburgh, PA

21.4 %

53.9 %

$120,000

$17,940

$21,600

37.0 %

20.8 %

New York, NY*

66.7 %

53.4 %

$88,937

$57,000

$66,000

30.8 %

17.3 %

Cleveland, OH

27.2 %

53.3 %

$105,000

$15,720

$19,200

41.2 %

24.3 %

Richmond, VA

30.1 %

52.7 %

$114,000

$20,028

$26,940

42.6 %

19.1 %

St. Louis, MO

22.7 %

52.6 %

$118,206

$16,896

$21,402

41.9 %

21.5 %

Phoenix, AZ

31.4 %

52.2 %

$113,797

$19,488

$27,000

37.8 %

25.2 %

Oklahoma City, OK

33.3 %

52.2 %

$88,307

$13,800

$19,500

33.1 %

37.1 %

Austin, TX

31.8 %

52.2 %

$140,000

$19,200

$25,800

32.2 %

20.0 %

Birmingham, AL

25.8 %

52.0 %

$106,508

$15,600

$17,784

37.8 %

34.2 %

Charlotte, NC

29.9 %

52.0 %

$114,599

$20,340

$25,788

36.1 %

23.0 %

Cincinnati, OH

26.5 %

52.0 %

$117,103

$18,042

$23,994

42.1 %

18.2 %

Washington, DC

28.7 %

51.7 %

$165,000

$30,000

$38,400

34.0 %

16.5 %

Kansas City, MO

25.4 %

50.3 %

$115,000

$18,828

$23,400

37.5 %

21.5 %

San Francisco, CA

37.0 %

49.9 %

$200,000

$38,400

$51,540

35.3 %

18.5 %

Salt Lake City, UT

24.7 %

46.6 %

$124,962

$19,860

$28,320

34.7 %

17.4 %

San Jose, CA

41.7 %

42.5 %

$235,409

$47,136

$59,400

38.6 %

17.4 %

*Includes only New York City's five boroughs

Methodology
This analysis is based on Zillow and StreetEasy analysis of the U.S. Census Bureau's American Community Survey (ACS) microdata. "Family households" are defined as two or more people living together who are related by birth, marriage or adoption, with children under the age of 18 in the home. Nonfamily households include unmarried partners, unrelated roommates and single-person households. Rent burden is defined as spending more than 30% of household income on housing costs. Metro-level data reflects the 50 largest U.S. metropolitan statistical areas. Rental trend data specific to New York City reflects asking rents on StreetEasy.

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)

SOURCE Zillow

1.61K Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A or Class C common stock of Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026, both dates inclusive (the "Class Period"), of the important August 10, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

, /PRNewswire/ -- Schall, Brown & Schwartz LLP ("SBS"), a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Zillow Group, Inc. ("Zillow" or "the Company") (NASDAQ: Z) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of Z during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: February 11, 2025 to May 7, 2026

DEADLINE: August 10, 2026

If you are a shareholder who suffered a loss, click here to participate.

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Zillow describes its agreement with Redfin as a "partnership" but it was actually an acquisition. The Company faced increased risk of antitrust scrutiny due to the Redfin agreement. The Company downplayed its legal exposure even after an antitrust lawsuit was filed against it. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Zillow, investors suffered damages.

We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

Join the case to recover your losses

WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.             

CONTACT:

Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
Andrew Brown, Esq.,
David Schwartz, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE Schall, Brown & Schwartz LLP

Zillow Deadline Tomorrow: Z, ZG Investors Have Opportunity to Lead Zillow Group, Inc. Securities Fraud Lawsuit Filed by The Rosen Law Firm

NEW YORK, Aug. 09, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Zillow Group, Inc. (NASDAQ: Z) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Zillow securities between February 11, 2025 and May 7, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/Z.

Zillow Case Details

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that:

Zillow's agreement with Redfin Corporation was not a "partnership," but rather an acquisition of Redfin's business;as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and as a result, defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. What's Next for Zillow Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/Z. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Zillow you have until August 10, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Zillow Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Zillow Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

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Contact Info

Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]

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Prior results do not guarantee similar outcomes.

New York, New York--(Newsfile Corp. - August 9, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A or Class C common stock of Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026, both dates inclusive (the "Class Period"), of the important August 10, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Zillow common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Zillow's agreement with Redfin Corporation was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308764

Source: The Rosen Law Firm PA

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New York, New York--(Newsfile Corp. - August 8, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A or Class C common stock of Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026, both dates inclusive (the "Class Period"), of the important August 10, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Zillow common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Zillow's agreement with Redfin Corporation was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308738

Source: The Rosen Law Firm PA

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NEW YORK, Aug. 07, 2026 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A or Class C common stock of Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026, both dates inclusive (the “Class Period”), of the important August 10, 2026 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Zillow common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

New York, New York and New Orleans, Louisiana--(Newsfile Corp. - August 7, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until August 10, 2026 to file lead plaintiff applications in a securities class action lawsuit against Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) ("Zillow" or the "Company"), if they purchased or otherwise acquired Zillow Class A or Class C common stock between February 11, 2025 and May 7, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Western District of Washington.

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What You May Do

If you purchased shares of Zillow as described above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-zg-z/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 10, 2026.

CLICK HERE for more information

About the Lawsuit

Zillow and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) Zillow's agreement with Redfin was not a "partnership," but rather an acquisition of Redfin's business; (ii) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (iii) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (iv) as a result, Defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

The case is Breidert v. Zillow Group, Inc., et al., 26-cv-02016.

To Learn More, Click HERE

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors, in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

For More Information about the case, Click HERE

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308713

Source: Kahn Swick & Foti, LLC

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August is only one week old, but the month has already seen layoffs at a number of high-profile tech companies.

Philadelphia, Pennsylvania--(Newsfile Corp. - August 7, 2026) - National plaintiffs' law firm Berger Montague PC announces a class action lawsuit against Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) ("Zillow" or the "Company") on behalf of investors who purchased or acquired Zillow common stock during the period from February 11, 2025 through May 7, 2026 (the "Class Period").

Investor Deadline: Investors who purchased or acquired Zillow securities during the Class Period may, no later than August 10, 2026, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.

Headquartered in Seattle, Zillow operates a digital real estate marketplace that enables consumers to buy, sell, rent, and finance homes. The Company's platform aggregates residential property listings and connects consumers with real estate professionals, landlords, and mortgage providers.

According to the complaint, throughout the Class Period, Defendants represented that Zillow's February 2025 agreement with Redfin was a rental listings partnership intended to expand inventory and increase distribution across its network. The suit alleges that Defendants failed to disclose that the agreement effectively required Redfin to exit the multifamily rental advertising business, transfer customers, employees, and competitively sensitive information to Zillow, and refrain from competing against Zillow for years, thereby exposing the Company to significantly increased antitrust risk.

The truth allegedly began to emerge on September 30, 2025, when the FTC filed an antitrust lawsuit against Zillow and Redfin, alleging that Zillow paid Redfin $100 million to eliminate a competitor and remove competition from the online multifamily rental advertising market.

Following this disclosure, Zillow's Class A and Class C common stock lost more than 4% of their value.

The truth allegedly continued to emerge on February 10, 2026, when Zillow disclosed that elevated legal expenses had exceeded expectations and were expected to create an approximately 200-basis-point headwind to first-quarter EBITDA margins. Following this disclosure, Zillow's Class A and Class C common stock both fell more than 16%.

Then, on May 7, 2026, it was reported that a federal judge denied Zillow's and Redfin's motion to dismiss the FTC's lawsuit, allowing the agency's antitrust claims to proceed. Following this news, Zillow's Class A and Class C common stock further declined in value.

If you are a Zillow investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Caitlin Adorni at [email protected] or (267) 764-4865.

About Berger Montague

Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308547

Source: Berger Montague

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-

A nationwide class action accuses Zillow of steering homebuyers to use Zillow Home Loans, in violation of federal law. Consumers can find out more about the lawsuit.

SEATTLE--(BUSINESS WIRE)--In 2025, several homeowners filed a class-action lawsuit against Zillow Inc. accusing it of “deceptive” practices and policies, and the consumer protection law firm behind the filing, Hagens Berman, wants the public to know their rights.

The lawsuit alleges Zillow pushed homebuyers to use Zillow Home Loans rather than the best available options, a practice in real estate called steering.

Share If you used Zillow Home Loans to purchase and finance a home since 2019, you may have overpaid and are encouraged to contact our legal team. Find out more »

What is the lawsuit against Zillow about?

The lawsuit alleges Zillow pushed homebuyers to use Zillow Home Loans rather than the best available options, a practice in real estate called steering. In addition to steering, based on insider information shared by a dozen current and former Zillow loan officers and agents, allegations include:

incentivizing agents to “burn and churn” through clients, eavesdropping on agent-client communications and censoring agents from recommending competing loan providers that may offer consumers a better deal. Anonymous witnesses from the real estate industry corroborate these allegations, according to the lawsuit.

How did Zillow’s alleged conduct affect homebuyers?

Those affected by the alleged conduct may have experienced an increased purchase price and higher borrowing costs.

Are you affected?

Homebuyers from all states may be affected. If you financed the purchase of your home through Zillow Home Loans since 2019, learn more about your rights on our website and contact our legal team with questions.

About Hagens Berman

Hagens Berman is a global plaintiffs’ rights complex litigation law firm with a tenacious drive for achieving real results for those harmed by corporate negligence and fraud. Since its founding in 1993, the firm’s determination has earned it numerous national accolades, awards and titles of “Most Feared Plaintiff’s Firm,” MVPs and Trailblazers of class-action law. More about the law firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

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LOS ANGELES, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay Wolke & Rotter LLP reminds investors of the upcoming August 10, 2026 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Zillow Group, Inc. ("Zillow" or the "Company") (NASDAQ: Z, ZG) securities between February 11, 2025 and May 7, 2026 inclusive (the “Class Period”).

IF YOU SUFFERED A LOSS ON YOUR ZILLOW GROUP, INC. INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS.

What Happened?
On March 5, 2024, Spruce Point Capital Management published a report alleging, among other things, that Zillow “uses wildly aggressive revenue recognition and expense policies that can be used to embellish revenues and earnings, which is alarming in context of Zillow’s CFO departing last year.”

On this news, Zillow’s stock price fell $2.85, or 5%, to close at $54.49 per share on March 5, 2024, thereby injuring investors.

Then, on September 30, 2025, the Federal Trade Commission announced that it had sued “Zillow and Redfin over an unlawful agreement that eliminates Redfin as a competitor in the market for placing advertising of rental housing on internet listing services (ILSs)-the websites that millions of Americans use to find their next rental home.”

On this news, Zillow’s stock price fell $3.57 per share, 4.63% to close at $73.48 on October 1, 2025.

Finally, on February 10, 2026, Zillow announced fourth quarter 2025 earnings. In the earnings call, CFO Jeremy Hofmann stated that legal expenses “was higher than we anticipated coming into the quarter and was ultimately 180 basis points of margin drag for Q4.”
On this news, Zillow’s stock price fell $9.05 per share, or 16.5%, to close at $45.66 on February 11, 2026, injuring investors further.

What Is The Lawsuit About?
The complaint filed alleges that, between February 11, 2025 and May 7, 2026, Defendants failed to disclose to investors that (1) Zillow's agreement with Redfin was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired Zillow Group, Inc. securities between February 11, 2025 and May 7, 2026, you may move the Court no later than August 10, 2026 to request appointment as lead plaintiff in this putative class action lawsuit.

Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email:  [email protected]
Telephone: 310-201-9150,
Toll-Free: 888-773-9224
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Charles Linehan
Email:  [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.

New York, New York--(Newsfile Corp. - August 6, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A or Class C common stock of Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026, both dates inclusive (the "Class Period"), of the important August 10, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Zillow common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Zillow's agreement with Redfin Corporation was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308414

Source: The Rosen Law Firm PA

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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LOS ANGELES, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Schall, Brown & Schwartz LLP (“SBS”), a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Zillow Group, Inc. (“Zillow” or “the Company”) (NASDAQ: Z) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of Z during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: February 11, 2025 to May 7, 2026

DEADLINE: August 10, 2026

If you are a shareholder who suffered a loss, click here to participate.

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Zillow describes its agreement with Redfin as a “partnership” but it was actually an acquisition. The Company faced increased risk of antitrust scrutiny due to the Redfin agreement. The Company downplayed its legal exposure even after an antitrust lawsuit was filed against it. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Zillow, investors suffered damages.

We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

Join the case to recover your losses

WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.        

CONTACT:

Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
Andrew Brown, Esq.,
David Schwartz, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

Schall, Brown & Schwartz LLP

Zillow plans to lay off “just over 500 employees,” or about 7% of its workforce, as part of a company-wide restructuring. The Seattle-based online real estate company had 7,058 employees as of March 31.

Contrarian Alert: 5 Downgraded Stocks That May Reward Long-Term InvestorsZillow Group NASDAQ: Z reported second-quarter revenue growth that exceeded its outlook, led by gains in its For Sale and Rentals businesses, while outlining an accelerated transition to its Zillow Preferred agent-partner model and a restructuring intended to streamline operations.

Revenue rose 18% year over year to $772 million in the quarter, while adjusted EBITDA reached $176 million, representing a 23% margin. The company reported a GAAP net loss of $4 million, but adjusted net income of $118 million, or $0.52 per diluted share, compared with $0.40 a year earlier. Year-to-date free cash flow increased 19% to $223 million.

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5 Tech Stocks to Buy on the July Pullback“Q2 was another quarter of strong results that demonstrate our consistent execution and the durability of our strategy,” Chief Executive Officer Jeremy Wacksman said. He said Zillow continued to outperform the broader housing market despite pressure from higher mortgage rates and a flat year-over-year purchase mortgage market.

For Sale and Mortgage Growth For Sale revenue increased 14% from a year earlier to $549 million. Residential revenue rose 7% to $465 million, driven primarily by expansion of Zillow Preferred connections in its integrated transaction experience, as well as contributions from Zillow Showcase, new-construction offerings and agent software tools.

Cybersecurity Earnings: 1 AI Standout and 2 Stocks Under PressureMortgage revenue increased 75% to $84 million, aided by a 95% increase in purchase loan origination volume. Chief Operating Officer and Chief Financial Officer Jeremy Hofmann said the growth reflected a greater share of connections through the Preferred program and better-than-expected conversion rates among customers in the company’s pipeline.

Zillow said its Zillow Home Loans business is now among the country’s top 25 purchase lenders. Wacksman said the company’s integrated pre-approval experience and direct consumer traffic contribute to customer acquisition costs that are lower than those of traditional lenders.

The company is accelerating its conversion to the Zillow Preferred model, expecting more than 75% of connections to be serviced by Preferred partners by the end of 2026. Zillow had 61% of connections in the integrated experience during the second quarter, compared with 44% at the end of 2025.

Hofmann said Zillow generated 23% more revenue per connection under the Preferred model than under its legacy advertising model in 2025, and expects that premium to reach 35% by the end of 2026. However, the transition shifts some revenue reporting from the residential category into mortgages and delays recognition of mortgage revenue until loans originate, typically six to 12 months after a connection is delivered.

Those dynamics, along with the seasonal decline in connections typically seen in the fourth quarter, are expected to weigh on reported For Sale growth in the near term, Hofmann said.

Rentals Momentum Continues Rentals revenue increased 31% year over year to $209 million, driven by a 42% increase in multifamily revenue. Zillow had 2.8 million average monthly active rental listings and a record 79,000 multifamily properties in the quarter, up 23% from a year earlier.

Wacksman said property managers have continued to renew and upgrade their Zillow advertising packages because of the platform’s return on marketing investment. He also pointed to Zillow Rentals’ inclusion in Google Gemini’s connected apps ecosystem, under which Zillow provides rental availability, tour scheduling and booking confirmation when users search Gemini for apartments.

The company maintained its expectation for roughly 30% full-year Rentals revenue growth and said it sees a path to more than $1 billion in annual Rentals revenue.

AI, Agent Tools and Listing Products Zillow said its AI Mode feature is live for roughly 20% of signed-in users. According to Wacksman, consumers using AI Mode spend more than three times as long on Zillow, view more than twice as many homes, conduct nearly three times as many searches and contact agents at nearly three times the rate of users who do not use the feature.

The company is also expanding agent-facing products. Follow Up Boss reached 138,000 monthly active users in the second quarter, up 21% year over year. Zillow recently launched Zillow Pro nationwide, a membership that includes tools such as My Agent, which lets agents collaborate with contacts on Zillow, and Likely to List, an AI-based feature designed to identify contacts exhibiting pre-listing activity.

Zillow Showcase, its enhanced listing-marketing product, was used on about 5% of all new listings, up from 2.5% a year earlier. The company said agents using Showcase on most of their listings win 35% more listings than peers who do not. Zillow Preview, a pre-market listing product, has more than 100 brokerage partnerships, and Zillow said preview listings will be syndicated to Realtor.com later in the summer.

Restructuring, Capital Returns and Outlook Zillow announced a restructuring that eliminated approximately 7% of employees. The company recorded $36 million in restructuring costs during the second quarter and expects an additional $23 million to $28 million in costs in the third quarter. Hofmann said the actions are expected to yield approximately $75 million in annualized EBITDA savings from second-quarter run rates, or $140 million when including reductions in previously planned hiring.

Wacksman said the restructuring was not expected to affect the company’s growth initiatives. Zillow also appointed Hofmann to the expanded role of COO and CFO. Former COO Jun Choo is stepping down to focus on his health and will remain an adviser through year-end.

The company ended the quarter with $682 million in cash and investments, down from $783 million in the first quarter after repurchasing $200 million of stock. Year-to-date share repurchases totaled $826 million, and Zillow had about $1.1 billion remaining under its existing repurchase authorizations.

For the third quarter, Zillow forecast revenue of $745 million to $760 million, representing about 11% year-over-year growth at the midpoint. It expects For Sale revenue growth of 5% to 7%, mortgage revenue growth above 50%, high-20% Rentals revenue growth, and adjusted EBITDA of $180 million to $200 million.

For full-year 2026, Zillow reaffirmed its outlook for total revenue of $2.92 billion to $2.96 billion, representing mid-teens growth, and adjusted EBITDA of $730 million to $760 million. The company now assumes purchase mortgage originations will decline by low- to mid-single digits for the year, compared with its earlier expectation for a flat market.

About Zillow Group (NASDAQ:Z)Zillow Group, Inc is an online real estate marketplace company that operates a portfolio of consumer-facing websites and mobile apps designed to connect buyers, sellers, renters, homeowners and real estate professionals. The company's platforms aggregate property listings, rental listings, and related information to help users search for homes, estimate property values and connect with agents and service providers. Zillow generates revenue primarily through advertising and lead-generation services for real estate professionals, property managers and mortgage lenders.

Key products and services include the Zillow and Trulia consumer websites and apps, which provide searchable listings, photos, neighborhood data and the company's automated home valuation tool known as the “Zestimate.” Zillow also offers a rentals marketplace, a mortgage marketplace and tools for home buying and selling such as Zillow Premier Agent for agent advertising and leads, as well as ancillary services designed to support transactions, including closing and title-related offerings.

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Zillow (Z - Free Report) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.4 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +18.18%. A quarter ago, it was expected that this real estate website operator would post earnings of $0.43 per share when it actually produced earnings of $0.53, delivering a surprise of +23.26%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Zillow, which belongs to the Zacks Internet - Services industry, posted revenues of $772 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.65%. This compares to year-ago revenues of $655 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Zillow shares have lost about 46.8% since the beginning of the year versus the S&P 500's gain of 13%.

What's Next for Zillow?While Zillow has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Zillow was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.64 on $776.15 million in revenues for the coming quarter and $2.25 on $2.98 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Akamai Technologies (AKAM - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.

This cloud services provider is expected to post quarterly earnings of $1.58 per share in its upcoming report, which represents a year-over-year change of -8.7%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level.

Akamai Technologies' revenues are expected to be $1.09 billion, up 4.6% from the year-ago quarter.