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Zillow Bellows In Agony by rollandthomas

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· @rollandthomas ·
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Zillow Bellows In Agony
<center>![](https://cdn.steemitimages.com/DQmRX53nx2tRFCS2qq7uFLZwzDXxGPMWF5ktySPKP4M48Bd/image.png)</center>

Zillow Group, Inc. operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company offers a portfolio of brands and products to enable consumers find information about homes and connect with local professionals. Its brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

<center>[Source](https://finance.yahoo.com/quote/Z?p=Z&.tsrc=fin-srch)</center>

Zillow fell 26% and hit a new 52-week low and had their worst day of trading since going public in 2011 after announcing their third quarter results on Wednesday.   Zillow posting $343 million in revenue compared with the $344 million analysts had predicted which amounted to a net loss of almost 0.5 million in profits.

Zillow also guided revenue between $340 million and $357 million for the fourth quarter, which is below Wall Street estimates of $368 million.  Zillow also lowered its full-year revenue guidance for the second quarter in a row, to a new range of $1.31 billion to $1.32 billion, from a previously adjusted range of $1.32 billion to $1.35 billion.

Zillow has made some changes, including new lead validation and distribution processes for its premier agent business earlier this year.  However, Zillow found out many of the Premier Agents were displeased with the lower lead volume, despite leads being higher quality.  Zillow plans to adjust the new system, but macro story is much bigger than Zillow and the Premier Agents.

<center>![](https://cdn.steemitimages.com/DQmYz7iPfcpzbQg6t9j5ryQDBymuAZPTQ2fWx68RSyazEJ6/image.png)</center>

I have been posting about my feelings of the downturn in the Housing Market for months. 

<center>[Short Fortune Brands Home & Security](https://steemit.com/stocks/@rollandthomas/short-fortune-brands-home-and-security)</center>

<center>[Bank Of America Joins The Home Builders "Turning Sour" Bandwagon](https://steemit.com/money/@rollandthomas/bank-of-america-joins-the-home-builders-turning-sour-bandwagon)</center>

<center>[Finally Added Home Depot and Lowe's To My Short List](https://steemit.com/money/@rollandthomas/finally-added-home-depot-and-lowe-s-to-my-short-list)</center>

<center>[Toll Brothers Bottomed Out.....NOT – Part II](https://steemit.com/money/@rollandthomas/toll-brothers-bottomed-out-not-part-ii)</center>

<center>[Toll Brothers Bottomed Out.....NOT](https://steemit.com/money/@rollandthomas/toll-brothers-bottomed-out-not)</center>

Zillow third quarter results is further confirmation of this thesis as the downturn hit Zillow’s core services and profits. 

NOTE: Last week, total mortgage applications dropped to a 4-year low, according to the Mortgage Bankers Association's.

So how low can Zillow go, lets go to the charts?

On the monthly chart the uptrend line was broken back in September. 

![](https://cdn.steemitimages.com/DQmQ2WoGB1u7RuuJrqzaxXHg6WWLsrXR9Ba8RpoJAsQiY8o/image.png)

On the weekly chart if price can get back to the weekly supply at $43.50, the chart suggest to short price to the weekly demand at $20.

![](https://cdn.steemitimages.com/DQmP6mwWmfRwnuBBgrDwjU9ySdaiqyBV4oLNfr2i2mkyZxJ/image.png)

On the daily chart, the question becomes will price fill the gap or continue to deteriorate...time will most certain tell? 

![](https://cdn.steemitimages.com/DQmXRabTkFDhV666bXmUtPyDmyEssPtB1zi2MNdhFMim2HH/image.png)

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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