Zillow Group is restructuring by laying off 7% of its workforce due to a flat housing market despite an 18% revenue increase to $772 million in Q2. The company reported a GAAP net loss of $4 million, reflecting ongoing market challenges. Morgan Stanley lowered its price target for Zillow to $60, suggesting nearly 90% upside from the current price. Zillow's mixed housing market signals and rising mortgage rates are causing buyer delays, prompting the company to streamline operations.
Zillow Group announced it will participate in the Goldman Sachs Communacopia + Technology Conference in San Francisco on September 10, 2026. Jeremy Hofmann, the company's COO and CFO, will lead a fireside chat session during the event. This presentat...
Zillow and Redfin have settled a legal dispute with the FTC and five states over a 2025 partnership that limited competition in the rental-listing market. The FTC argued that Zillow paid Redfin $100 million to stop competing in rental advertising, wh...
