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Zillow Rallying Like It’s Zoom During Pandemic Housing Boom

  • Shares surge after earnings beat, have quadrupled since March
  • Redfin, homebuilders also benefiting from real estate rebound
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Helping people shop for homes online is a booming business in the pandemic economy.

Zillow Group Inc. reported third-quarter earnings late Thursday that beat expectations and sent shares surging. They were up 13% to $117.41 at 10:14 a.m. in New York Friday. Since hitting this year’s low in mid-March, the stock has quadrupled -- like Zoom Video Communications Inc., one of the Covid era’s breakout companies.