Z - ジナ―バ・ファ―マシュ―ティカルズ （Zillow Group Inc.）

Zillow Group Inc. (NASDAQ:Z) closed Wednesday at $41.48 per share, down from $42.00 a day earlier. While Zillow Group Inc. has underperformed by -1.24%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, Z fell by -27.89%, with highs and lows ranging from $58.96 to $26.14, whereas […]

Union Pacific soared on news of a leadership change.

Zillow Group (NASDAQ:Z) (NASDAQ:ZG) and Redfin (NASDAQ:RDFN) received new coverage today from analyst Dae Lee of J.P. Morgan. Lee has started off c…

Last summer, Federal Reserve chair Jerome Powell laid out a plan to reset the U.S. housing market, which has been putting the squeeze on aspiring homeowners. How? By increasing interest rates, and subsequently spiking mortgage rates. While higher rates alone wouldn''t solve the problem of limited inventory, they could theoretically rebalance the market by curbing the pandemic-fueled housing demand and allowing inventory to rise. Check out more analyst ratings here . And that''s exactly what happened in the latter half of 2022. Sales of both new and existing homes plummeted, and U.S. home prices even saw a slight decline, marking the first such drop since 2012. With that said, it seems like JPMorgan Chase (NYSE: JPM ) is calling the housing market bottom. The Analyst: The investment branch of the New York-based banking giant initiated coverage on the leading online real estate platforms serving customers in the U.S. For Zillow Group … Full story available on Benzinga.com

J.P. Morgan analyst Dae Lee initiated coverage of the online real estate stock with an Overweight rating.

Union Pacific soared on news of a leadership change.

Zillow Group (NASDAQ:Z) (NASDAQ:ZG) and Redfin (NASDAQ:RDFN) received new coverage today from analyst Dae Lee of J.P. Morgan. Lee has started off c…

Last summer, Federal Reserve chair Jerome Powell laid out a plan to reset the U.S. housing market, which has been putting the squeeze on aspiring homeowners. How? By increasing interest rates, and subsequently spiking mortgage rates. While higher rates alone wouldn''t solve the problem of limited inventory, they could theoretically rebalance the market by curbing the pandemic-fueled housing demand and allowing inventory to rise. Check out more analyst ratings here . And that''s exactly what happened in the latter half of 2022. Sales of both new and existing homes plummeted, and U.S. home prices even saw a slight decline, marking the first such drop since 2012. With that said, it seems like JPMorgan Chase (NYSE: JPM ) is calling the housing market bottom. The Analyst: The investment branch of the New York-based banking giant initiated coverage on the leading online real estate platforms serving customers in the U.S. For Zillow Group … Full story available on Benzinga.com

J.P. Morgan analyst Dae Lee initiated coverage of the online real estate stock with an Overweight rating.

Here are the biggest calls on Wall Street on Monday.

Home size per dollar still largest in Memphis and the Midwest, despite declines driven by mortgage rates Rising mortgage rates last year cut $305,000 off what a buyer could afford with a $3,000 payment, but that trend has started to reverse. Affordable active markets in the Midwest and Great Lakes regions saw the largest declines in purchasing power in 2022, but still offer some of the biggest houses for the money. Mortgage costs nearly doubled since 2019, but have eased slightly in recent months. SEATTLE , Feb. 9, 2023 /PRNewswire/ -- Home buyers'' mortgage payments have started stretching a bit further in recent months, a new Zillow® analysis shows. As mortgage rates doubled last year, the home price afforded by a $3,000 payment 1 plummeted from $865,000 in January to a low of $560,000 in October. That significantly changed the size and price of homes within a buyer''s reach. On average, a $3,000 monthly mortgage payment today buys a home 140 square feet smaller than a home purchased a year ago.

Zillow''s shift in strategy removes the risk of iBuying, while still allowing Z to capitalize on its control over discovery in the housing market. Read more here.

Ojo''s CEO says that raising funds puts the home search and maintenance services company in position to gain market share.

https://www.investing.com/news/pro/zillow-group-pt-raised-to-40-at-piper-sandler-432SI-2996881

Zillow Group''s business model is directly tied to the health of the residential real estate market. Click here to read my analysis of Z stock.