What happened Shares of Zillow Group (NASDAQ: ZG) (NASDAQ: Z) jumped 11.6% on Friday, following the real estate platform's strong second-quarter results. So what Zillow Group's revenue surged 28% year over year to $768 million, driven primarily by the growth of the company's home buying and selling business, Zillow Offers. Zillow saw increased demand for many of its online services, as more people chose to peruse real estate listings in the comfort and safety of their own homes during the coronavirus pandemic. Zillow is benefiting as real estate shopping shifts online. Image source: Getty Images. "I believe we are at the dawn of a Great Reshuffling, as COVID and work-from-home policies are inspiring people to rethink their homes and consider moving," CEO Rich Barton said in a press release. "In addition, real estate, like other industries, is experiencing an acceleration in technology adoption, as people move their shopping habits from offline to online." Moreover, Zillow reported a smaller net loss than Wall Street was expecting at $84 million, or $0.38 per share. Analysts' estimates had called for a per-share loss of $0.68. Now what The U.S. housing market is experiencing an influx of demand during the COVID-19 crisis, as more people choose to leave cities and move to less densely populated suburbs. Fears of getting sick are also driving people to use online tools, an area in which Zillow dominates. "Powerful tailwinds in both real estate and technology are rapidly converging, with Zillow at the nexus," Barton said. 10 stocks we like better than Zillow Group (A shares)When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Zillow Group (A shares) wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Zillow Group (A shares) and Zillow Group (C shares). The Motley Fool has a disclosure policy.Source