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Wednesday, November 1, 2023

Zillow Rebounds After NAR’s Guilty Verdict Rattled Investors

 

  • Digital real estate pares losses after prior session selloff
  • Zillow earnings results to be released after closing bell

Zillow Group Inc. is leading its digital real estate peers in a modest rebound Wednesday after a report that a Missouri jury found the National Association of Realtors guilty of colluding to maintain high brokerage commissions sent shares tumbling Tuesday.

“Tuesday’s market response was a bit of an overreaction,” Stephens analyst John Campbell said. “We got the verdict from the jury but there’s still a lot that remains to be seen.”

https://www.bloomberg.com/news/articles/2023-11-01/zillow-rebounds-after-nar-s-guilty-verdict-rattled-investors

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