Items Tagged with 'Zillow Group'

ARTICLES

  • Zillow just had its best quarter ever

    Sees record profit and revenue in third quarter
    There seems to be something about the third quarter that’s good for Zillow's business. Last year’s third quarter saw the company post its biggest profit ever – and its first quarterly profit since the fourth quarter of 2013. Since then, it's been three straight quarters back in the red for Zillow. But now that the third quarter has come around again, Zillow is back in the black, with another record-breaking quarter.
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  • Zillow acquires New Home Feed, listing service for new homes

    Zillow says acquisition will improve quality of sites’ new home listings
    Zillow Group, seeking to improve the quality of its websites’ new home listings, acquired New Home Feed, a listing management system that allows homebuilders to input, manage and syndicate their listings across the web. Tony Small, group vice president of emerging marketplaces at Zillow Group, said that acquiring New Home Feed is a “natural extension” for Zillow.
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  • Monday Morning Cup of Coffee: Zillow claims Zestimates now more accurate than ever

    Plus, the impact of Hurricane Harvey
    The real estate industry has long had its issues with the "Zestimate," the property value estimation tool that appears on every listing on Zillow. The difference between a property's Zestimate and the actual market price is often a source of contention. Well, Zillow claims it just made the Zestimate even better. Plus, the impact of Hurricane Harvey seems to be far worse than projected. All that, and more, in your Monday Morning Cup of Coffee.
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  • Century 21 Real Estate names former Zillow exec Nick Bailey as CEO, president

    Previously served as vice president of broker relations at Zillow
    Century 21 Real Estate has a new leader. The company announced Wednesday that it named Nick Bailey, a former executive at the Zillow Group, as the company’s new president and chief executive officer. Bailey joins Century 21 from Zillow, where he most recently served as vice president of broker relations.
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  • Zillow CEO responds to new competition from Facebook and Amazon

    What do you see coming from these competitors?
    As one of the largest players in online real estate listings, Zillow is watching its list of competitors rapidly grow with more and more companies eyeing the potential in the real estate market. But the small moves from others in the industry to take some of Zillow’s long-standing dominance isn’t enough to scare the CEO. Here’s what Spencer Rascoff, CEO of Zillow Group, has to say on the matter.
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  • Zillow invests $10 million in virtual interior design app Hutch

    Zillow’s first investment in consumer-facing technology
    Over the last few years, whenever the Zillow Group wanted to grow, the real estate giant went the acquisition route. But for the first time, Zillow is investing in a company that it doesn’t plan to acquire, at least not yet. Zillow was the sole investor in a $10 million Series A round of funding for Hutch Interiors, a virtual interior design app.
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  • Zillow on track to pay $4 million to VHT after judge chops jury award in half

    Jury originally awarded $8.32 million in damages in copyright infringement lawsuit
    VHT, a real estate photography company, was all set to receive $8.32 million in damages from Zillow Group after a jury found that images from VHT appeared on the Zillow Digs site without VHT’s consent, but that’s not the case anymore. This week, a judge cut the original $8.32 million award in half because there wasn't sufficient evidence that anyone saw the majority of the pictures in question.
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  • Have issues with the Zestimate? Zillow is offering $1 million to fix it

    Online real estate giant launches contest to improve property valuation algorithm
    Zillow knows its “Zestimate,” the online real estate giant’s property value estimation tool, isn’t perfect. Even after years of consistently working on the algorithm that powers the Zestimate, Zillow acknowledges that its Zestimate error rate is still 5% nationwide. But Zillow wants to do something about it, and it’s offering up a sizable carrot for anyone who can make the Zestimate better: $1 million.
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  • Gamechanger: Zillow getting into home selling business with "instant offers"

    In pilot program, investors and agents will provide offers to prospective sellers
    In many ways, Zillow was one of the leaders in the online real estate revolution, helping to democratize the home buying process and enabling prospective buyers to search for their next home from the comfort of their current home. And now, Zillow wants to revolutionize the way that people sell their homes as well, as the online real estate giant announced this week that it is launching a pilot program called “Zillow Instant Offers.”
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  • Zillow revenue hits record highs in first quarter

    Surges by 32% annually
    Zillow reported its first quarter earnings, showing revenues hit record highs. Site traffic also hit new highs, and the company updated its forecast for its full-year revenues. Now, if revenues hit the midrange of Zillow’s new forecast, it will represent an increase of 25% from 2016.
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