Zillow shares jump after online real estate company blows past estimates and provides optimistic forecast

  • Zillow reported better-expected-results for the third quarter and provided a fourth-quarter forecast that exceeded analysts’ estimates.
  • The stock rose after hours, extending its gains for the year.
  • “We believe these tailwinds are durable, supported by low interest rates and demographic shifts,” CEO Rich Barton said in his letter to shareholders.



a man wearing a suit and tie: Richard 'Rich' Barton, co-founder and CEO of Zillow Inc.


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Richard ‘Rich’ Barton, co-founder and CEO of Zillow Inc.

Zillow shares climbed more than 8% in extended trading on Thursday after the digital real estate company reported third-quarter estimates that blew past analysts estimates and offered a better-than-expected forecast for the fourth quarter.

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A combination of record low mortgage rates and a pandemic-related trend towards remote work has led Americans to move and spurred a surge in existing home sales. Zillow provides inventory across the country along with technology that allows prospective buyers to shop for homes and take virtual tours.

Zillow reported third-quarter

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