Z - Zillow: Buy The Dip After The NAR Ruling
2024-03-21 09:52:06 ET
Summary
- The NAR ruling on brokerage commissions has negatively impacted real estate stocks, including Zillow.
- However, Zillow has the potential to rebound as more home shoppers turn to a DIY approach and rely on the platform for their real estate needs.
- Zillow's broad portfolio of platforms, multiple routes to monetization, and strong Q4 results make it a promising long-term investment.
- Recent results show both a return to growth and a dramatic outperformance versus the broader real estate industry.
The news is out now: after months in litigation, the NAR (National Association of Realtors) agreed in mid-March to pay a $418 million settlement in response to accusations of the powerful trade group colluding to inflate brokerage commissions. Real estate stocks, which had been on an upward trajectory this year as investors looked forward to interest rate cuts and an increase in housing supply, got battered on the news....
Zillow: Buy The Dip After The NAR Ruling