Many firms, like Zillow Group Inc. ( NASDAQ:Z ), will seek to keep their heads above water as the digital real estate market restructures. Zillow stock ( NASDAQ:Z ) has done badly due to various poor management choices, including taking on many speculative real estate assets and trying to resell them (a strategy that resembled the pre-2008 real estate craze).
Zillow Stock: Market Update
Zillow has been able to reduce the home-flipping portion of its company to concentrate on logistics and realtor services for homeowners. As the losses from the sale of its portfolio have been finalized and the house-buying program has come to an end, Zillow’s losses have gradually converted into profits.
According to the National Association of Realtors, there will be a record number of real estate agents in the United States in 2021 . More than 156,000 persons joined in 2021 and 2020, which is more than 60% more than the previous two years. As years of real estate euphoria fade, many realtors may be compelled to resign. In an ironic twist, this may enable Zillow and other internet businesses to fill the void as more consumers choose to buy their homes via alternative channels to have quicker access to listings, employ standardized selling processes, and pay lower transaction fees costs.
Any significant fall in the real estate market might result in a re-adjustment of the overall situation in market share, allowing Zillow stock ( NASDAQ:Z ) to rise. The firm now has a 12% market share, which might ex...
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