Zillow, the leading real estate and rental marketplace, has expanded its business through strategic acquisitions. Some of the companies that are now under Zillow’s umbrella include Postlets, Diverse Solutions, RentJuice, Buyfolio, Mortech, Hotpads, StreetEasy, Retsly, Trulia, dotloop, Naked Apartments, and Mortgage Lenders of America. These acquisitions have allowed Zillow to diversify its offerings and provide a comprehensive real estate experience for its users.
Key Takeaways:
- Zillow owns several companies in the real estate industry.
- Acquisitions have allowed Zillow to offer a wide range of services.
- Some of the companies under Zillow’s ownership include Trulia and StreetEasy.
- Zillow’s goal is to provide a comprehensive real estate experience for its users.
- Zillow’s acquisitions have contributed to its significant growth and impact in the industry.
Zillow’s Growth and Impact
Since its founding in 2006, Zillow has experienced remarkable growth and has become a major player in the real estate industry. With over 110 million homes in its database and a suite of more than two dozen apps, Zillow has solidified its position as a dominant force in the market. The company’s commitment to innovation and strategic acquisitions has propelled its success and allowed it to provide a comprehensive real estate experience for its users.
Zillow’s portfolio companies span various aspects of the real estate industry, including rentals, mortgages, and property listings. These subsidiary companies allow Zillow to offer a wide range of services and solutions to its users, making it a one-stop-shop for all their real estate needs. Some notable entities in Zillow’s company portfolio include Postlets, Hotpads, Trulia, and Mortgage Lenders of America.
In the second quarter of 2018, Zillow generated an impressive revenue of $325 million, a testament to the company’s financial success and market domination. This revenue growth is attributed to the increasing number of users relying on Zillow’s platform to buy, sell, rent, or finance properties. Zillow’s commitment to providing a seamless real estate transaction experience, coupled with its vast network of industry professionals, has solidified its position as a trusted platform in the real estate market.
Zillow’s Company Portfolio
| Company Name | Description |
|---|---|
| Postlets | A platform that allows users to create and distribute online real estate listings. |
| Hotpads | A rental marketplace that connects tenants with landlords and property managers. |
| Trulia | A platform that provides information, tools, and resources for home buyers, renters, and real estate professionals. |
| Mortgage Lenders of America | A company that provides mortgage services and financial solutions for home buyers. |
Zillow’s Partnership with the Real Estate Industry
Zillow understands the value of collaborating with real estate professionals to fulfill its mission of delivering an exceptional real estate experience. As a leader in the industry, Zillow works closely with agents, brokers, MLSs, and builders to foster mutual support and drive innovation. Through its partnership with the National Association of REALTORS and other real estate organizations, Zillow actively contributes to shaping the future of the industry.
A key component of Zillow’s collaboration with real estate professionals is the Zillow Premier Agents program. These agents play an integral role in providing customers with a seamless and efficient real estate journey. Equipped with advanced technology and market insights, Zillow Premier Agents are well-positioned to assist clients in finding their dream homes in a highly competitive market.
Zillow’s extensive network for real estate professionals facilitates the connection between clients and agents. With the help of Zillow’s platform, customers can easily search for and connect with experienced and reliable real estate professionals who understand their unique needs. This network amplifies the reach of real estate professionals and empowers clients to make informed decisions throughout their homebuying or selling process.
Summary:
In summary, Zillow recognizes the importance of establishing strong partnerships with real estate professionals to enhance the real estate experience for all stakeholders involved. Through its collaboration with the National Association of REALTORS and the Zillow Premier Agents program, Zillow is committed to driving innovation and providing a seamless platform for clients to connect with trusted and knowledgeable real estate professionals.
FAQ
What companies does Zillow own?
Zillow owns several companies, including Postlets, Diverse Solutions, RentJuice, Buyfolio, Mortech, Hotpads, StreetEasy, Retsly, Trulia, dotloop, Naked Apartments, and Mortgage Lenders of America.
What is the extent of Zillow’s growth and impact?
Zillow has experienced significant growth since its founding in 2006. With over 110 million homes in its database and a suite of more than two dozen apps, Zillow has become a major player in the real estate industry. The company generated $325 million in revenue in the second quarter of 2018.
How does Zillow partner with the real estate industry?
Zillow recognizes the importance of partnerships with real estate professionals and works closely with agents, brokers, MLSs, and builders. Zillow is a member of the National Association of REALTORS and collaborates with other real estate groups and organizations. Zillow Premier Agents play a crucial role in delivering a seamless real estate experience to customers through advanced technology and market insights.