Zillow Recapturing Momentum, But A Bit Too Fast
Zillow (Z/ZG) ended last week on a strong note, with earnings better than feared for the online real estate site. Momentum for Zillow has been strong, with shares up over 20% from February’s high, after rallying over 200% since March. While Zillow is seeing accelerated trends within home-buying, pent up demand leading to rising home prices could weaken that shift slightly, and end Zillow’s overperformance.
Zillow’s growth story was arguably hit hard by the pandemic, with the lockdown orders cau…
