Zillow Group June 2020 IR Roundup
In June, Zillow Group announced the addition of LGBTQ+ non-discrimination information on all home listings nationwide and commented on the pandemic’s impact on home shopping and design trends. Rich Barton was also interviewed in a GeekWire webinar where he discussed how the company successfully led Zillow Offers through initial market uncertainty and how the pandemic is unlocking a “Great Reshuffling” in real estate.
Zillow’s research team also released several housing and economic data reports that shed light on the housing market’s resilience amid the pandemic.
See below for a roundup of other corporate announcements and media coverage for Zillow Group from the month of June.
In Case You Missed It
LGBTQ+ Buyers & Renters Face More Challenges, Costs when Searching for a Home
New Listings Took a Step Back Last Week, But Sales Activity Continued Steady Climb
Homes Are Being Snatched Off the Market at Their Fastest Pace in More Than Two Years
Zillow Now Displays LGBT Non-Discrimination Laws on All Homes
The End of Open Floor Plans: How Homes Will Look Different After Coronavirus
Sales Activity is Ticking Up, But Buyer Options Remain Limited
U.S. Home Value Growth Slows, Prices May Fall in Second Half of 2020
LGBT Home-Buyers Are Getting Priced Out of Areas With Legal Protections From Discrimination
Housing Market Activity Returns to Growth After Memorial Day Blip
$726 Million in Rent at Risk as Gen Z Moves Back in with Parents During the Coronavirus Pandemic
Newly Unemployed Service Workers Owe More Than $1.7 Billion a Month in Housing Payments
Zillow Resumes Buying Homes in Six Additional Markets as Housing Market Continues Strong Recovery
Spring’s Missing Home Sales Will be Added to Coming Years, Experts Say
Zillow Group In the News
Coronavirus Could Alter Home Design Permanently [AARP]
Coronavirus changes house hunting, renovation trends [Fox Business]
These people bought homes without ever stepping inside [CNN]
The End of Open Floor Plans? Zillow Survey Shows Possible Change in Home Trends [RIS Media]
Are New Construction Homes the Way of the Future? [Veranda]
Open Floor Plans less Popular after Coronavirus [Property Wire]
Zillow says coronavirus is already influencing home design [LBM Journal]
IBuying Is Really About Selling [Wall Street Journal]
So long, New York: pandemic and protests spark new exodus to suburbs [The Guardian]
Zillow restarts homebuying services in some cities [Puget Sound Business Journal]
Technology and current events dominate topics at Inman’s first all-digital conference [Housingwire]
Mortgage rates drifted higher on optimistic news [The Washington Post]
Zillow data shows owners of vacation rentals are now looking for longer-term renters [CNBC]
Zillow CEO Rich Barton: ‘This crisis feels a lot different’ [Inman]
Zillow Group CEO Rich Barton on the ‘great reshuffling,’ and why he’s optimistic about it [GeekWire]
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. 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 March 31, 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.