Zillow seen benefiting from stronger April housing data, says Jefferies

Zillow (NASDAQ:Z) may see renewed investor attention following stronger-than-expected April housing data, with Jefferies analysts saying recent trends point to improving transaction growth in the second quarter, though risks tied to affordability and interest rates remain. Jefferies wrote in a note that its analysis of April pending home sales indicates that housing transaction value is “on pace for nearly 6% growth in Q1,” which would mark “a 400 basis point sequential acceleration and the fastest year-over-year growth since Q4 2024.