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May 7- Real estate website operator Zillow Inc reported a surprise quarterly profit as more people signed up to rent, sell or mortgage properties, and forecast higher-than-expected revenue in the current quarter. Zillow shares rose 6 percent to $99.59 in after-market trading on Wednesday.
Companies making headlines after the bell Wednesday.
May 7- Zillow Inc posted a bigger quarterly loss as the real estate website operator spent more on advertising to attract more people to its site. Zillow's net loss widened to $6.3 million, or 16 cents per share, in the first quarter ended March 31 from $3.7 million, or 11 cents per share, a year earlier.
Discussing Zillow's quarterly numbers and what they say about the housing market, with Dolly Lenz, real-estate broker to the super rich; Nathan Bachrach, Simply Money Advisors; and CNBC's Bob Pisani.
Traders across the financial markets will be hyper-focused on Congressional testimony from Fed Chair Janet Yellen Wednesday.
Testimony from Federal Reserve Chair Janet Yellen and Ukraine are what traders say could most affect markets in the week ahead.
The signs are there that this should be a robust spring housing market, but it just isn't turning out that way. Here's why.
Weekly mortgage applications plummeted to a four-year low last week despite positive reads on the market.
Some of the names on the move ahead of the open.
As property prices cool in Hong Kong and Singapore, which have long been magnets for Chinese investment, more money is flowing to real estate markets such as New York, London and Sydney. Chinese buyers invested $13.5 billion in overseas property last year, compared with $6.3 billion a year earlier, according to real estate consultancy Savills.
Would-be buyers out trolling neighborhoods are finding higher prices than they expected. Home prices are up 12 percent from a year ago.
Even with the Internet, real estate agents are still a "very integral" part of buying and selling homes, Zillow CEO Spencer Rascoff told CNBC's "Squawk Box."
Spencer Rascoff, CEO of Zillow, provides an outlook on the housing market. We're not in a normal market yet, explains Rascoff, there is very limited inventory.
2014's stock market leaders and Big Momentum names fall amid fears of rising rates and market frothiness.
Jim Cramer hit the road Wednesday to investigate the prospects of 4 firms headquartered in Seattle.
A new study says 10 percent of all renters want to buy a home this year, but face considerable hurdles like tight credit and higher prices.
Rising home prices helped push negative equity below 20 percent nationwide for the first time since the housing crisis.
Some regions, including California and Michigan, saw monthly house payments rise by 50 percent from a year ago.
Trulia CEO Pete Flint defended the online real estate company's decision to ramp up spending on online marketing during a CNBC appearance.
Feb 13- Online real estate listing service provider Trulia Inc reported a lower-than-expected quarterly profit due to a jump in marketing expenses and said it would start a campaign this year to target customers using mobile devices. Trulia's shares fell as much as 15 percent in extended trading.