Zillow Group, Inc. (Z)
Zillow Group (NASDAQ:Z) Rating Lowered to Hold at BidaskClub
Zillow Group (NASDAQ:Z) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, BidAskClub reports. Several other equities research analysts have also issued reports on Z. Jefferies Financial Group lifted their price target on shares of Zillow Group from $83.00 to $112.00 […]
Legendary tech investor Bill Gurley: We're investing in start-ups without an office now, and we didn't before
Legendary tech venture capitalist Bill Gurley, who has invested in the likes of Uber and Zillow, says he's now investing in start-ups without an office. It's another change toward a work-from-home world courtesy of Covid-19.
iBuyers Bring Convenience And Liquidity To The Real Estate Market
At some point I will post a deep dive on Zillow. But for now let me make a few observations on the iBuyer market (iBuyer refers to companies like Zillow and OpenDoor that buy houses, renovate them…
Zillow Group Appoints Claire Cormier Thielke to Board of Directors
SEATTLE , Oct. 15 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z ) (NASDAQ: ZG ), which is transforming the way people buy, sell, rent and finance homes, today announces the appointment of Claire Cormier Thielke , managing director of Hines Asia Pacific, to the company's Board of Directors , effective immediately. "Claire's board appointment will be instrumental in guiding and propelling the company through its evolution to Zillow 2.0," said Lloyd Frink , Zillow co-founder, executive chairman and president. "Claire brings an incredible background in operations, innovation and real estate financing that will be extremely valuable to the board as we continue to oversee transformational growth at Zillow. I'm looking forward to having her perspective and deep understanding of the issues we face in Zillow's next chapter." Thielke currently serves as managing director of Hines, a leading global real … Full story available on Benzinga.com
Vacation Areas are Trending Amid Pandemic
Zillow data reveals vacation home markets rising in popularity with page views of for-sale listings up nearly 50 percent from last year. Listings in areas that include the Jersey Shore , N.J., Cape Cod, Mass. , Key West, Fla. and Myrtle Beach, S.C. , are among the most "favorited" in the U.S. Pending sales in more than half of vacation-home markets are up at least 30% from last year, compared to pending sales nationwide up 22.2%. SEATTLE , Oct. 13, 2020 /PRNewswire/ -- Impacts from the coronavirus pandemic have rippled out to traditional vacation destinations, which are seeing increased interest from homebuyers as shifting priorities and preferences transform where and how people want to live. Page views of for-sale listings are up nearly 50% from a year ago in metro areas typically considered vacation destinations, defined as metros with at least 65,000 people and five times more vacation homes than the U.S. as a whole. That's compared to a 37% increase in page views nationally. Vacation metros seeing an uptick in demand include places like the Jersey Shore area, Myrtle Beach, S.C. , Key West, Fla. , Lake Tahoe, Nev. *, Cape Cod, Mass. *, and Park City, Utah .* Newly pending home sales are also climbing in many of these vacation markets, with 90 percent of the markets analyzed experiencing growth and half up at least 30% from last year.
Knock & iBuying in US Real Estate Fintech - Daily Fintech
Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019. The SPAC trend continues in the US and Chamath Palihapitiya is one of the leading investors with his IPOA, IPOB,… series. The latest Fintech deal was focused on a real estate disruptor in the US, OpenDoor. With Zillow, being the blue-chip name […]
I'm planning to use the equity in my home to buy a second property and rent it out — here's my exact financial roadmap
Summary List Placement Investment properties are a tried-and-true path to passive income and financial stability for many households. Financing an investment property takes more cash than a regular mortgage in many cases, as you have to put down a larger down payment and budget for additional landlord-related expenses. If you have a lot of equity built up in your home, it may be possible to leverage it to buy your first investment property. Want to know what a financial planner can do for you? Check out Personal Finance Insider's free e-book » I'm lucky to know a handful of wealthy people, and one commonality I've noticed among them is real estate investing. While there are pros and cons to various types of properties, I'm interested in building my own wealth through a strategy that includes residential real estate investing. So far, I've made small real estate investments through REIT ETF purchases and a modest investment at Fundrise. In the long-term, I'm looking to level up my real estate investing with the purchase of whole properties.
Ark Next Generation ETF Increases Chamath SPAC Stake, Decreases Zillow
Less than two weeks ago, ARK Investment CEO Catherine Wood began accumulating a stake in a SPAC from Chamath Palihapitiya. She has since added to that stake and also taken a stake in the same company in another ETF. What Happened: The Ark Next Generation Internet ETF (NYSE: ARKW ) has increased the stake in Social Capital Hedosophia II (NYSE: IPOB ), a SPAC set to merge with Opendoor. Ark Next Generation Internet ETF took a small $910,000 stake in IPOB with an initial purchase. Through several additional purchases, the ETF now … Full story available on Benzinga.com
Going public through a SPAC isn't just for the unsexy startups anymore. Here are the 10 biggest deals in the blank-check craze in the last 5 years.
Summary List Placement There was a time, not too long ago, when a startup founder would consider selling their business to a special-purpose acquisition company, or SPAC, only as a last resort. Such a sale would signal that the founder couldn't pull off any better move, because the business had failed to attract a quality buyer, or it didn't have the financial discipline to float an initial public offering on the public markets on its own. The unpleasant alternative that remained was an acquisition by a SPAC, or "blank-check company," that has no operations of its own. This type of firm raises funds through an IPO for the sole purpose of buying another business. As the two companies merge, the publicly traded SPAC effectively takes the private business public, without the pomp and cork-popping that usually comes with an IPO — or the dreaded scrutiny and negotiations over price. But the traditional path to the public markets caved this year amid a pandemic and a recession. Many companies delayed their IPO plans until the market swings subsided, and some looked for alternative routes to Wall Street.
Zillow and Yelp Name Top Affordable U.S. Suburbs With a City Feel
SEATTLE and SAN FRANCISCO , Oct. 7, 2020 /PRNewswire/ -- More and more Americans are working remotely and rethinking how and where they want to live. Urban amenities -- like restaurants, nightlife, museums and sports venues -- have long drawn Americans to live in large cities. While demand remains strong there , many buyers are seeking a new balance of indoor and outdoor space and affordability while still maintaining that big-city feel. A new Cityness Index by Zillow® and Yelp Inc. (NYSE: YELP ) pinpoints the U.S. suburbs that best strike that balance. There is a "Great Reshuffling" on the horizon. Yelp data shows that the number of quotes requested for movers recently increased 34% in San Francisco , 22% in New York and 6% in Los Angeles 1 . This desire to move is also reflected in a recent Zillow poll of people newly working from home because of the pandemic, with two-thirds saying they would consider moving if they had the flexibility to work from home occasionally. "At Yelp, we're seeing consumer interest and requests for quotes in categories like movers, packing services and mortgage lenders increase in major metro areas, compared to the same time period last year," says Tara Lewis , Yelp trend expert. "For city dwellers who don't want to sacrifice great amenities like restaurants, art galleries and nightlife, but are dreaming of a little more space and a more affordable lifestyle, these suburbs offer a similar variety of great local businesses." The Cityness Index combines data from Zillow and Yelp to identify relatively affordable areas near major metros that offer amenities that give the suburbs the feel of big-city living.
Twitter (TWTR): How Will The Stock Price Move?
Facebook's (NASDAQ: FB) privacy issues have led to Twitter's (NYSE: TWTR) slump of over 10% today. What is the price forecast for TWTR?