Zillow has a new report out showing the least affordable cities for housing, based on how much of your income you give up to buy a new house.» Read More
China's extended rally and two mega-mergers are helping cap the downside of a suddenly dour market.
Zillow has agreed to buy Trulia for $3.5 billion in a stock-for-stock transaction. CNBC's Jim Cramer and David Faber discuss the deal.
July 28- U.S. real estate website operator Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion in stock, as the U.S. real estate market continues its choppy recovery. Both Zillow and Trulia have been spending aggressivley on advertising, foregoing near-term profitability, to corner a bigger share of online spending on real estate listings.
*Dollar Tree offers to buy Family Dollar for $9.2 bln. *While merger and acquisition activity supported the market, there have been a number of high-profile earnings disappointments this quarter, including from Amazon.com and Caterpillar last week.
Companies making headlines before the bell:
July 28- U.S. real estate website operator Zillow Inc said it would buy smaller rival Trulia Inc for $3.5 billion in stock.
Neil Doshi, CRT Capital Group, shares his thoughts on Zillow's acquisition of Trulia for $3.5 billion in stock.
Zillow announces it is buying Trulia for $3.5 billion in stock. The "Squawk Box" news team discusses.
Some of the names on the move ahead of the open.
NEW YORK, July 24- U.S. real estate website operator Zillow Inc is in advanced talks to buy smaller rival Trulia Inc, according to people familiar with the matter. Trulia shares jumped as much as 40.5 percent to $57 on Thursday, valuing the company at $2.10 billion, after Bloomberg News reported Zillow may reach a deal to buy the company as soon as next week.
July 24- U.S. real estate website operator Zillow Inc is in talks to buy Trulia Inc and may value the smaller rival at $2 billion, Bloomberg reported, citing people with knowledge of the matter. Zillow and Trulia declined to comment on the report saying they don't comment on rumors.
Insiders at Zillow and Trulia sold shares aggressively before news of a potential merger broke Thursday, according to filings.
CNBC's Diana Olick looks at whether a potential deal for Zillow to buy Trulia makes sense.
The U.S. real estate website Zillow is looking to acquire its rival Trulia, people familiar with the matter said, Bloomberg reported.
July 24- U.S. real estate website operator Zillow Inc is seeking to buy rival Trulia Inc, Bloomberg reported, citing people with knowledge of the matter. Zillow could value Trulia at as much as $2 billion and an agreement may be announced as soon as next week, Bloomberg said.
Some of Thursday's midday movers:
Home sales are surging, and summer is a big season for real estate deals. Here are eight mistakes first-time homebuyers need to avoid.
Maria Zhang, a senior director of engineering at Yahoo Mobile, has been sued by Nan Shi, who worked as a principal software engineer in Yahoo from February 2013, according to a complaint filed on July 8 in Santa Clara Superior Court in San Jose, California.
Why do some tech start-ups, like Airbnb and Uber, disrupt their industries while others stumble? Four reasons, says an online CEO.
Dottie Herman, Douglas Elliman president & CEO, discusses how her partnership with Zillow provides prospective home buyers a more streamlined approach to search for real estate.