This past week, the National Association of Realtors said that February home sales rose 9.5%, marking the first two consecutive months of gains in more than two years. The 30-year mortgage rate has drifted lower since peaking near 7.8% in October. There’s talk of interest-rate cuts later this year. Squint, and you can see a transaction recovery taking shape., Jack Hough writes in this week’s edition of Barron’s. And while Wall Street predicts a 12% revenue increase for Zillow this year, shares are down 11% this year, to a recent $51, the author notes.
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