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Benzinga

Business

Henry Khederian

What's Going On With Zillow Stock Wednesday?

Zillow The Department of Housing and Urban Development

Portland,,Or,,Usa,-,Nov,11,,2024:,Zillow,Real,Estate

Zillow Group Inc (NASDAQ:ZG) (NASDAQ:Z) shares are moving higher on Wednesday following the release of a robust new residential sales report from the U.S. Census Bureau and the Department of Housing and Urban Development. Here’s what investors need to know.

What To Know: The report revealed a surge in new single-family home sales in August, which rose to a seasonally adjusted annual rate of 800,000. The data shows a substantial 20.5% increase from the previous month and a 15.4% jump from August 2024.

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We Got This Covered

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