"Rarely have I seen such a true win-win scenario for the government, Wall Street and the U.S. consumer."
Zillow Group says the tough housing market and rising mortgage rates led to its cautious outlook. Of the 28 analysts with Zillow class C ratings tracked by FactSet half rate the shares Buy or Buy-equivalent. Mortgage rates continue to climb as the spring home buying season reaches its peak period.
Mortgage rates rose again this week, with the average 30-year fixed-rate note climbing further past 7% in another blow to the struggling housing market.