Zillow Group August 2020 IR Roundup
In August, Zillow Group announced second quarter 2020 financial results and the company was named to the list of ‘Best Workplaces for Millennials’ by Fortune. Rich Barton, Zillow Group CEO and co-founder, was interviewed by Inc. where he discussed the Great Reshuffling and why residential real estate is booming during a recession. Jeremy Wacksman, Zillow Group President, also spoke with Fifth Wall for their “Fly on the Wall” interview series about current trends in real estate.
Zillow’s research team released several housing and economic data reports about the strong housing market and mortgage rate trends. This month’s releases also included research noting that Black applicants are more likely to be denied mortgages and that neighborhoods monopolized by single-detached homes skew whiter and more racially segregated.
See below for a roundup of other corporate announcements and media coverage for Zillow Group during August.
In Case You Missed It
Mortgage Rates Continue Downward Trajectory After FHFA Price Adjustment Delay
Rental Concessions on the Rise as Rent Market Softens
June Case-Shiller Results and July Forecast: Housing Continues to Withstand Pandemic
July New Home Sales: Strongest Release Since 2006
July Existing Home Sales: Highest Level in 14 Years
Mortgage Rates Rise to New Baseline After FHFA Announcement
July Housing Starts: Foot on the Gas
Zillow 2020 Urban-Suburban Market Report
Mortgage Rates Rise In Response to Encouraging Economic and Pandemic News
Zillow Group Reports Second Quarter 2020 Financial Results
Culture of innovation and belonging lands Zillow on Fortune’s Best Workplace for Millennials list
Neighborhoods monopolized by single-detached houses skew whiter, more racially segregated in all top 50 US housing markets
Mortgage Rates Fall After Stalemate in Washington
Solving the double-mortgage dilemma: Zillow and D.R. Horton partner to make it easier to move into new construction homes
Missed Rent Payments May Balloon as Boosted Aid Expires, Holding Potential for Deep Scars in the Rental Market
Black Applicants Are Far More Likely to be Denied a Mortgage
Zillow Resumes Buying Homes in 4 More Zillow Offers Markets
Urban Rent Slowdown May Signal Renters are Edging Toward the Suburbs
Zillow Group In the News
Dreaming of a new home? Zillow’s new ad campaign signals changes in real estate and marketing [GeekWire]
Despite digital acceleration, Zillow execs say consumers need agents more than ever [Inman]
How companies are preparing employees for long-term work-from-home [CNBC]
Real estate prices are continuing to surge in America as houses are in hot demand [Business Insider]
Zillow launches reviews and ratings service for homebuilders [Inman]
Zillow launches consumer-generated builder review feature [HousingWire]
Zillow New Construction Offers Builder Ratings and Reviews [Builder Magazine]
6 things first-time homeowners need to know right now [Today]
Zillow Founder Rich Barton Explains Why Residential Real Estate Is Booming During a Recession [Inc.]
Zillow president: Digital real estate experience isn’t a flash in the pan [Inman]
Zillow New Construction Launches Builder Ratings and Reviews [RIS Media]
Suburban Home Prices Are Rising. But So Are Most Urban Home Prices [WSJ]
Zillow exec: Why we changed our minds on remote work [CNN]
Real estate site Zillow bringing 200 jobs to ‘Southeastern hub’ in metro Atlanta [Atlanta Journal Constitution]
Fly on the Wall: Jeremy Wacksman, Zillow + Brendan Wallace [Fifth Wall]
How reliable are those online reviews of real estate agents? A consumer group reviews the reviews. [Washington Post]
Zillow Stock Skyrockets as Sales, Earnings Surprise Wall Street [Barron’s]
Zillow Group CEO Rich Barton on ‘The Great Reshuffling’ and a ‘tectonic shift’ in real estate [GeekWire]
Zillow Shares Surge as Pandemic Drives Buyers to Embrace Web [Bloomberg]
Will Zillow buy my house? Yes, Zillow resumes buying in 24 cities after COVID pause. [Yahoo Finance]
Zillow has resumed buying in every pre-pandemic Zillow Offers market [Inman]
Zillow Offers resumes buying houses in all operating markets [HousingWire]
Zillow Group’s monthly IR Roundups are not intended to be a comprehensive report of all of the company’s mentions by the media online, in print and on television. Zillow Group intends to use its @ZillowGroup Twitter account and Zillow Group IR Blog, in addition to its investor relations website, press releases, SEC filings and public conference calls and webcasts, as means of disclosing information about the company, its services and other matters and for complying with its disclosure obligations under Regulation FD. Zillow Group does not endorse or adopt the views expressed in third-party materials linked above.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, statements regarding our business outlook, market opportunities, strategic partnerships and operational plans for 2020 or beyond. Statements containing words such as “may,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “project,” “will,” “projections,” “continue,” “business outlook,” “forecast,” “estimate,” “outlook,” “guidance,” or similar expressions constitute forward-looking statements. Differences in Zillow Group’s actual results from those described in these forward-looking statements may result from actions taken by Zillow Group as well as from risks and uncertainties beyond Zillow Group’s control. Factors that may contribute to such differences include, but are not limited to, Zillow Group’s ability to execute on strategy; Zillow Group’s ability to maintain and effectively manage an adequate rate of growth; Zillow Group’s ability to innovate and provide products and services that are attractive to its users and advertisers; Zillow Group’s investment of resources to pursue strategies that may not prove effective; natural disasters, epidemics or pandemics, like COVID-19 that could negatively impact our business; and the impact of the real estate market and economy on Zillow Group’s business. The foregoing list of risks and uncertainties is illustrative but not exhaustive. For more information about potential factors that could affect Zillow Group’s business and financial results, please review the “Risk Factors” described in Zillow Group’s Annual Report on Form 10-K for the year ended December 31, 2019 and in Zillow Group’s Quarterly Report on Form 10-Q for the three months ended June 30, 2020 filed with the Securities and Exchange Commission, or SEC, and in Zillow Group’s other filings with the SEC. Forward-looking statements were made based on information available as of the original publication dates and are not being affirmed or updated with this communication. Except as may be required by law, Zillow Group does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.