Zillow Posts

Zillow hits over 1 million real estate professional reviews

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Zillow has announced that its consumer-submitted content has hit over one million published reviews of real estate professionals. Zillow launched the ability to post reviews on agents, mortgage and other real estate professionals in December 2010. More details below:

SEATTLE, Feb. 10, 2015 /PRNewswire/ — Zillow, Inc. (NASDAQ: Z), the leading real estate information and home-related marketplace, today announced that consumer-submitted content has reached a new milestone as more than one million reviews of real estate professionals have been published on the site.

The ability to post reviews on agents, mortgage and other real estate professionals on Zillow launched in December 2010, but the content submission rate has significantly accelerated in the past 12 months. The number of reviews has nearly doubled since January 2014 and exceeded one million reviews at the end of January 2015.

“Reviews have become incredibly important to consumers,” said Amy Bohutinsky, Zillow chief marketing officer. “We know home buyers are often starting their home search online – and reviews are playing a crucial part in the selection process as they search for the real estate professionals to help them, whether they are looking for an agent, mortgage expert or other real estate professional. Zillow offers an easy place for consumers to search through a pool of extremely qualified candidates using feedback from other consumers.”

“My reviews on Zillow serve as an interview with prospective clients without being there in person,” said Samer Kuraishi, senior vice president of A-K Real Estate in Washington, D.C. and a Zillow Premier Agent with 360 reviews. “There’s no better testimonial than your peers or customers providing feedback about your service. Reviews also help showcase your personality and strengths and help demonstrate that you want to be part of this meaningful transaction. Reviews have become an important part of our marketing.”

Zillow created a moderation process to ensure the reviews on Zillow are high quality and credible. In order to post a review, every reviewer must have a Zillow account and must specify what service the agent provided. Finally, all reviews are screened through proprietary Zillow fraud filters and read by a dedicated Zillow team.

In December 2014, Zillow made all reviews available to agents, brokers and MLSs to publish on their sites through Zillow Tech Connect: Reviews. Now agents and brokers can showcase the same reviews found on Zillow on their personal websites for free. Companies and brokerages interested in joining Zillow Tech Connect: Reviews can email techpartnerships@zillow.com for more information.

(ZFIN)

About Zillow, Inc.

Zillow, Inc. (NASDAQ: Z) operates the leading real estate and home-related information marketplaces on mobile and the Web, with a complementary portfolio of brands and products that help people find vital information about homes, and connect with the best local professionals. Zillow’s brands serve the full lifecycle of owning and living in a home: buying, selling, renting, financing, remodeling and more. In addition, Zillow offers a suite of tools and services to help local real estate, mortgage, rental and home improvement professionals manage and market their businesses. Welcoming more than 73 million unique users in December 2014, the Zillow, Inc. portfolio includes Zillow.com®, Zillow Mobile, Zillow Mortgages, Zillow Rentals, Zillow Digs®, Postlets®, Diverse Solutions®, Mortech®, HotPads®, StreetEasy® and Retsly™. The company is headquartered in Seattle.

Zillow.com, Zillow, Postlets, Mortech, Diverse Solutions, StreetEasy, HotPads, and Digs are registered trademarks of Zillow, Inc. Retsly is a  trademark of Zillow, Inc.

SOURCE Zillow, Inc.

Zillow Inc (Z) launches a new preapproval feature on mobile app

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Zillow Inc (NASDAQ:Z) has launched a new preapproval feature for its mobile app. Zillow currently has over 83 million unique users across its website and apps. Around two thirds of these users visit Zillow through a mobile device. Over the weekends, 70% of Zillow’s traffic is on mobile devices.

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Zillow has acquired Trulia for $3.5 billion

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Zillow is acquiring Trulia for $3.5 billion in stock. Combined, Zillow and Trulia will run a giant repository for online listings for real estate values. As part of the deal, Zillow will pay 0.444 of one of its shares for each share in Trulia. The deal is worth $70.53 per share of Trulia, which is a 25% premium. In June, Zillow reported 83 million users across the web and mobile devices, while Trulia reported 54 million.

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Zillow Inc (Z) rumored to be in talks to acquire Trulia Inc (TRLA)

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Zillow Inc (NASDAQ:Z) is rumored to be in talks to acquire Trulia Inc (NYSE:TRLA). This would create a dominant search website for people that are looking for houses in the U.S. Zillow is the largest real estate website and it would acquire the second largest for $2 billion in cash and stock, according to sources with Bloomberg.

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Zillow acquires Retsly

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Zillow, one of the largest real estate websites, has announced recently that it has acquired Retsly. Retsly is a software company that normalizes real estate data from multiple listing services so that developers can build data driven products for the real estate market. Retsly also offers MLSs with tools to manage software applications for their respective markets. Zillow did not disclose the value of the deal.

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Zillow Inc (Z) reports loss due to ad expenses

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Zillow Inc (NASDAQ:Z), the popular real estate website, has announced Q1 earnings today. Zillow’s revenue for the quarter increased by 70% to a record $66.2 million from $39 million in the first quarter of 2013. The GAAP loss per share was $0.16 in the Q1 2014 with non-GAAP net income per share at $0.02 in the first quarter. Analysts were expecting Zillow to post a loss of $0.24 for the quarter. Zillow reported a GAAP net loss of $6.3 million in Q1 2014 due to planned increases in advertising expenses compared to GAAP net loss of $3.7 million in Q1 2013.
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Zillow Inc (Z) hit with lawsuit by Realtor association and Move

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Online real estate service Zillow Inc (NASDAQ:Z) has been sued by Move and the National Association Of Realtors for poaching the former president of Realtor.com. Move is the company that runs Realtor.com and moving.com. Zillow hired former Realtor president Errol Samuelson as its chief industry development officer. Move is suing for breach of contract, breach of fiduciary duty, and misappropriation of trade secrets.

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Zillow Inc (Z) To Raise $205 Million From Follow-On Offering

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Zillow Inc (NASDAQ:Z) announced on Monday that they have sold 5,023,486 shares in a public offering.  Zillow sold 2.5 million shares at $82 per share, which brought in $205 million.
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