UPDATE: Barclays On Zillow Also Notes Some Items To Monitor Include:

‘Gross margin on the homes business declined by 27bps Q/Q largely due to higher renovation costs. ZG's Homes revenue guide of $490m for 4Q is only up 27% Q/Q at the high-end and implies less than 1.6 k homes

Benzinga · 11/08/2019 19:48

‘Gross margin on the homes business declined by 27bps Q/Q largely due to higher renovation costs. ZG's Homes revenue guide of $490m for 4Q is only up 27% Q/Q at the high-end and implies less than 1.6 k homes sold at current ASP, vs. 2.8k homes in its inventory at the end of 3Q.'