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Zillow, Trulia stocks gain as U.S. housing stabilizes

From left: Trulia CEO Pete Flint and board member Sami Inkinen
From left: Trulia CEO Pete Flint and board member Sami Inkinen

Real estate-related companies such as Zillow, Trulia and Home Depot are reaping the benefits of a recovering U.S. home market in the form of rising share prices, Forbes reported.

Trulia’s share price rose 12.6 percent Wednesday, after the real estate search engine revealed its first quarter financial results, Forbes said. Despite marking a loss in the three-month period, Trulia’s stock is up 35 percent since it went public in September, and positive revenue forecasts suggest future gains.

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Meanwhile, the rival website Zillow saw its share price rise 4 percent Wednesday. Zillow went public in July 2011.

Over the past year, Home Depot has been one of the Dow’s top performers with fixture maker Fortune Brands Home & Security and appliance maker Whirlpool also doing well. [Forbes] –Evan Bleier

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Retail Real EstateTruliaZillow