The Amazon of Real Estate? 💰 High Growth Mid Cap Stock to Buy Now?

The U.S. real estate market has an estimated $1.9 trillion annual total addressable market. Which housing stock can boost your growth portfolio?

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Today, I cover Zillow Group (NASDAQ: ZG) (NASDAQ: Z), which many consider the best of breed housing technology company. Zillow competes against businesses such as Redfin (NASDAQ: RDFN) and Opendoor Technologies (NASDAQ: OPEN). Is Zillow the Amazon (NASDAQ: AMZN) of real estate? Is Zillow Group stock a buy now? As seen on The Motley Fool!

The company's solution is called Zillow 2.0, and its goal is to “create a radically simpler real estate transaction through technology, service and integration.” Today’s consumers want information at their finger tips, and they demand streamlined shopping experiences that leverage technology. The world has evolved tremendously over the past decade, and expectations are constantly increasing. Today’s business environment is all about speed and convenience, and consumers leverage technology from companies such as Netflix (NASDAQ: NFLX), Uber (NYSE: UBER), Lyft (NASDAQ: LYFT), GrubHub (NASDAQ: GRUB), DoorDash (NYSE: DASH), Expedia (NASDAQ: EXPE), Airbnb (NASDAQ: ABNB), Carvana (NYSE: CVNA), and others to enable these experiences. 

Housing and real estate is the next logical step in the value chain, and Zillow is an early leader in this disruptive technology space. In Q1 2021, Zillow reported $1.22 billion in revenue, and it was able to beat initial guidance in all segments. Perhaps most impressive, Zillow Group reported an astonishing 169% year-over-year growth in its mortgage segment. This could certainly be a risk for banks and companies such as Rocket Companies (NYSE: RKT).

One of Zillow's risks is its “iBuying” segment. Zillow purchased 1,856 homes and sold 1,965 homes in Q1 2021. I discuss this in more detail and provide my opinions in this video. I also discuss the stock price and whether I think the stock is a buy now. Please check out this video, which is part of a new series, and subscribe to the channel to see the my full list of top mid-cap growth stocks to buy now. 

#growthstocks #Zillow #ZG #Z #disruptivetechnology

This is not financial advice.

Видео The Amazon of Real Estate? 💰 High Growth Mid Cap Stock to Buy Now? канала Mr. FIRED Up Wealth