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An Intrinsic Calculation For Zillow Group, Inc. (NASDAQ:ZG) Suggests It's 48% Undervalued
Mortgage rates are approaching 7%, and the Real Estate market in the USA is facing ominous signs.
High borrowing costs are squeezing demand, leading to a nearly 7% drop in the MBA's mortgage application index for the week of the 27th, falling to its lowest level since mid-November.
Weak Construction Spending Likely a Headwind for U.S. GDP -- Market Talk
November US Construction Spending Flat, Residential Building Up
Inflation Is Worse for the Young, and Black Families -- Barrons.com
ZG Stock Surges 60.8% in Six Months: Will This Uptrend Continue?