ZG Zillow Group Inc Class A

$ZG dang this thing is cheap eh? Under 10x EBITDA for internet platform with 75% margins. Balance sheet super clean vs what I remember back when they were buying/selling houses. Chart nothing to write home about but when housing turns this thing could be a monster. That said I guess they have shot on goal in rentals which helps offset home sales a bit

$ZG keeps handing out the same lesson: downtrends don't reward hope. Rallies fail, sellers show up again, and the stock is down 25% to new lows over the past six weeks after that bear flag broke down.

“With fixed rates much higher, more borrowers opted for ARMs, with the ARM share reaching 9.8%, as rates for 5/1 ARMs were more than a percentage point lower than those for fixed rate loans,” said Mike Fratantoni, senior vice president and chief economist at the MBA. The ARM share of applications the week before last was just 8.4%. During the first years of the pandemic, when rates were hitting multiple record lows, the ARM share was barely 3%. ARMs can carry a fixed rate for up to 10 years but will adjust either higher or lower depending on where the market is when that term is up. Mortgage rates moved slightly lower to start this week, according to a separate survey from Mortgage News Daily, as the price of oil fell and bond yields moved lower as a result. $ZG

$ZG expecting new lows with the rate hike 👀📉 ugh it will come back tho folks. Will take some time🙄