Zillow (Z) Sees U.S. Existing Home Sales Flat, New Sales to Slightly Dip in August,

Zillow (Nasdaq: Z) issued updated Real Estate Research following July home sales numbers. In summary, the company said:

• Zillow expects existing home sales to be flat in August, holding at 5.59 million units (SAAR) after an unexpectedly strong July.
• For new home sales, Zillow expects a small 0.7 percent dip to 504,000 units (SAAR) from 507,000 units in August.
• Existing home prices should hold steady in August, a continuation of the trend seen in recent months.

The full blog post can be accessed here.

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