Zillow Posts Profit Beat as Housing Boom Drives Web Traffic
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Zillow Group Inc. reported better-than-expected results for the first quarter, as the white-hot housing market fueled 2.5 billion visits to the company’s websites and apps.
Scrolling Zillow has become a go-to activity for Americans stuck at home pondering real estate upgrades as low interest rates and a shortage of homes to buy fuel the pandemic housing market.