Shaina Mishkin

Zillow Group's housing services strategy is sending more buyers to the company's mortgages—and shifting when it records revenue from a home sale in the process.

Zillow reported a net loss of $4 million on $772 million in revenue in the second quarter. Analysts had expected $21 million in net income on $758 million.

The large mortgage originator has been branching out from its core services by purchasing brokerage Redfin and Mr. Cooper, a mortgage servicer.

Rocket stock was down 5.6% in after-hours trading after the mortgage originator announced lighter earnings and revenue than expected.

The transaction will make Dream Finders Homes the sixth-largest home builder in the U.S. as sales continue to lag.

Home prices are expected to grow more slowly. There may even be mild declines. And buyers and sellers can look forward to less competition.

The typically busy spring season for the housing market was a dud, and the summer isn't looking much brighter.

U.S. existing-home sales remained near historically low levels in July as fluctuating mortgage rates continued to weigh on demand.

Home sales remained stuck at a low level in July as fluctuating mortgage rates cooled already tepid demand.

Home sales are locked in a four-year holding pattern. An easing of tensions abroad could help bring buyers back domestically.