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00:03Stocks of home listing companies fell after Alphabet's Google began testing real estate
00:07ads at the top of search results, signaling a potential new competitor in the listings market,
00:12according to Barron's. Google said the limited test displays property listings and information
00:17in partnership with Come Home by House Canary alongside existing real estate agent ads.
00:22Zillow shares fell 7.8% to $68.89 on Monday afternoon, putting the stock on track for its
00:29largest drop since February and its lowest close since November, according to Dow Jones
00:34market data. CoStar Group was down about 6.4% and on track for its lowest close since July
00:402022, while Rocket shares fell 2.8% toward their lowest close since November.
00:46News Corp., which operates Realtor.com, saw shares in its Class B stock slip 1.16% in late
00:52afternoon trading. For all things money, visit Benzinga.com.
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