Zillow's Subsidiaries: A Brief Overview of the Companies Owned by Zillow
Zillow Group Expands and Adapts in the U.S. Real Estate Market
In the dynamic world of real estate, Zillow Group stands as a leading player, owning a diverse array of major brands and subsidiaries. These include Zillow®, Zillow Premier Agent®, Zillow Home Loans℠, Zillow Rentals®, Trulia®, Out East®, StreetEasy®, HotPads®, ShowingTime+ SM, Spruce®, Follow Up Boss®, Dotloop, and floor plans services [1][3][4][5]. These brands cater to various aspects of the real estate industry, encompassing buying, selling, renting, financing homes, advertising, and business technology solutions.
Zillow Group has forged industry partnerships to broaden its network and opportunities. Membership with the National Association of REALTORS® and collaborations with D.R. Horton are prime examples [2]. Notably, Zillow and Trulia are part of the same corporate family, with Zillow Group, Inc. operating both platforms.
The company's platforms are designed to empower customers with the knowledge and tools they need, reinforcing the trust consumers place in Zillow's digital offerings. Zillow Group prioritizes fostering trust and providing innovative solutions to its customers [3].
The Zillow iPhone app and other apps developed by Zillow are equipped with user-friendly features and comprehensive information about the real estate market. During the unpredictable phase of the pandemic, Zillow Home Loans may have played a crucial role in guiding customers through mortgage pre-approvals and financing [6].
The COVID-19 pandemic has led to a surge in demand for larger homes as people seek comfortable spaces to accommodate remote working conditions [7]. Zillow Group's financial profile reflects their diverse revenue streams and growth, with significant measures of their economic health and expansion [8].
Zillow's Premier Agent program is a marketing service for real estate agents to receive advertising and leads, with agents paying to have their profiles featured alongside real estate listings within Zillow's marketplace [9]. The company has acquired companies such as Trulia, StreetEasy, and HotPads to broaden its online real estate marketplace services [10].
The real estate sector has experienced significant shifts due to the pandemic, affecting aspects such as property valuation, financing mechanisms, and overall industry dynamics [11]. Services such as Zillow Premier Agent may have been integral in supporting real estate professionals and customers in navigating the property market amidst restrictions and health concerns imposed by the pandemic [12].
Zillow differs from Redfin primarily in its business model. While Zillow operates as a real estate and rental marketplace and earns revenue through advertising and its Premier Agent program, Redfin combines its online marketplace with traditional real estate brokerage services [13].
The majority of Zillow's ownership is in the hands of institutional investors, with founders and executive officers holding significant but smaller portions of the company's shares [14]. Individuals can invest in Zillow as it is a publicly traded company listed on the NASDAQ under the ticker symbol Z [15].
Features such as advanced search filters, photo galleries, and real-time notifications are tailored to improve the user experience and engagement on Zillow's platforms. These enhancements underscore Zillow Group's commitment to providing innovative solutions and fostering trust in the digital real estate landscape.
- To maintain its position as a leading player in real estate, Zillow Group is scaling its services, integrating digital tools like advanced search filters and real-time notifications for improved user experience.
- Amid the pandemic, Zillow Home Loans has become crucial for guiding customers through mortgage pre-approvals and financing, a testament to the company's commitment to providing innovative solutions.
- The company's growth strategy includes investing in and acquiring businesses such as Trulia, StreetEasy, and HotPads to broaden its online real estate marketplace services.
- Zillow's Premier Agent program offers marketing services for real estate agents, allowing them to receive advertising and leads, contributing to the overall scaling of the company's business model.
- As Zillow Group focuses on growth and digital innovation, its financial profile reflects diverse revenue streams from various real estate services like buying, selling, renting, and financing homes, as well as business technology solutions.
