Participation in real estate has long been a high benchmark. However, circumstances worsened dramatically during the COVID-19 crisis due to unique supply-demand disruptions. Still, a key legal settlement could make things easier for homebuyers – but not so much for online housing marketplace listing solutions providers like Zillow (Z). Still, from a trading perspective, the volatility in Z stock could be a welcome opportunity.
According to Barchart content partner The Motley Fool, Zillow suffered a steep drop in market value on Friday after the “National Association of Realtors (NAR) agreed to settle a series of lawsuits brought by home sellers alleging the industry has conspired to boost agent commissions.” The decision could pave the way for reduced broker commissions on real estate sales.
