I bought Zillow(NASDAQ: ZG)(NASDAQ: Z) about three years ago, and since that time the stock is down by more than 60%. Even at the cheaper valuation, I'm inclined to believe that major changes in the real estate market give the stock more downside risk than upside potential. In this video, I discuss the reasons both for and against owning Zillow, and why I finally decided to cut my losses and move on.
*Stock prices used were the morning prices of May 6, 2024. The video was published on May 7, 2024.
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Matt Frankel has positions in Zillow Group. The Motley Fool has positions in and recommends Zillow Group. The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
