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Zillow Surprises with Strong Q2 Growth | Real Estate News
Description
Zillow crushed Q2 earnings despite layoffs, posting 18% revenue growth to $772M — outpacing a sluggish housing market. For-sale listings surged 14%, rentals jumped 31%, and their mortgage arm exploded 75%. A $4M net loss and 2% traffic dip were minor blips, especially compared to the broader market’s decline. CEO credits AI-driven personalization and expanded mortgage partnerships as key wins, with legal battles having no impact on performance.
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