Volatile/well-shorted Trulia (TRLA +7%) and Zillow (Z +4.3%) jump following the release of...

|About: Zillow Group, Inc. (Z)|By:, SA News Editor

Volatile/well-shorted Trulia (TRLA +7%) and Zillow (Z +4.3%) jump following the release of encouraging MBA Mortgage Applications data, which included a 15% Y/Y increase in the Purchase Index. Zillow is making new post-IPO highs, whereas Trulia remains 25% below its Feb. peak.