Zillow's stock surged 5.11% during intraday trading on Wednesday, reflecting strong investor sentiment in the real estate sector.

The rally followed an announcement by former President Trump, who stated his intention to ban institutional investment in single-family homes. This proposal, aimed at addressing high housing costs and preserving the American dream, boosted shares of major home sellers, including Zillow. Trump's remarks were made via a post on Truth Social, with further discussions expected at Davos later this month.