'What we're seeing is lots more activity and a lot of dissatisfaction with where people are living right now,' Zillow CEO Richard Barton told CNBC.
for single-family homes while those for condominiums and co-ops had decreased.
"I think this is going to be a continuous shift until there's a vaccine" for Covid-19, said Reffkin, who added that more people were looking at less-dense areas. Barton said Zillow also has noticed a shift in priorities of clients through surveys. He said that two-thirds of respondents who have been working from home because of the pandemic say they would like continue doing so, either on a permanent basis or only commuting to the office a few days each week.
"I think it's going to change the calculus for the traditional, high-rise, elevator-based, dense-packed city workplace, at least," he said. "I'm not quite sure about residence yet." Shares of Zillow were lower Friday, down 0.5% at about $57 each. The stock notched a 52-week high of $66.68 on Feb. 20 before falling dramatically as the Covid-19 crisis intensified. It sank to $20.04 per share on March 18, rising more than 180% since.
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