Apartment Look

Zillow Group, Inc. (ZG) Q2 2017 Earnings Conference Call August 08, 2017 17:00 P.M. ET Executives RJ Jones – VP, Investor Relations Spencer Rascoff – CEO Kathleen Philips – CFO Analysts Ronald Josey - JMP Securities Mark Mahaney - RBC Capital Markets Unidentified Analyst - Sli.do © Provided by Seeking Alpha Earnings Call Transcripts Michael Graham - Canaccord Genuity Christian Rice - Needham & Company Hayden Blair - Stephens Inc. Brian Nowak - Morgan Stanley Mark May - Citigroup Lloyd Walmsley - Deutsche Bank Bradley Erickson - KeyBanc Capital Markets Shyam Patil - Susquehanna Financial Group Heath Terry - Goldman Sachs Presentation Operator Good day, ladies and gentlemen, and welcome to the Zillow Group's Second Quarter 2017 Earnings Call . At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions]. As a reminder, today's call is being recorded. I wou...

{Zillow} Great news? According to Zillow’s May 2017 Rental Market Overview , Skinker DeBaliviere has shown the largest increase of any St. Louis neighborhood in annual rents, a 12.9 percent gain. The only other neighborhoods where rents grew by more than 10 percent in the last year were Vandeventer (11.2 percent), and Tiffany (10.3). Notably, the increase in rents in our neighborhood was also higher than any town in the St. Louis Metro area , including towns in St. Charles County and Metro East in Illinois. People clearly want to live here, and we are on a roll. If you own rental properties in the neighborhood, this news might make you feel like breaking out the champagne. It also might give you some second thoughts about selling when you get those unsolicited letters from real estate operators asking to buy your home, as so many of us on my block seem to. If you own property in the neighborhood, then what’s not to like? {Zillow} Well, even if you like and will benefit from higher r...