Zillow's Performance Amid Housing Market Challenges

Zillow has reported a 17% increase in revenue for Q4, successfully achieving double-digit growth and margin expansion despite ongoing challenges in the housing market. The company anticipates continued revenue growth in the low to mid-teens for the coming year, although the overall housing market remains depressed due to high mortgage rates and limited inventory. The CEO highlights that many potential sellers are hesitant to list their homes because they feel 'locked' into their low mortgage rates, which further contributes to the shortage of available homes. As Zillow works to help more buyers and sellers connect, it is also focusing on enhancing its integrated super app strategy to capture market share.