Zillow Offers to continue expanding

January 10, 2019

Airbnb is what some would call a trend setter. Even in the real estate brokerage sector, the influence is there, but instead of renting a home out, it's selling. Opendoor gives homeowners an offer up front, quickening the process, though will a little assumed risk. It's a new type of service that's gaining popularity, and if the predicted dip in housing happens, the service will only gain momentum as homeowners look to sell their houses more easily.

Investors seem to agree, too: Opendoor has already raised $645 million in equity and $1.5 billion in debt.

Not to be left out, real estate listing giant Zillow has gotten in on the action with Zillow Offers. And according to hiring data for the service, Zillow has no plans to slow down when it comes to undermining the role that traditional agents play.

Job titles containing "Zillow Offers" have been on the rise since last summer, moving from just 9 positions in July 2018 to 40 in November, settling in at 35 as of this week.

Zillow Offers was first launched in Phoenix, Arizona. A look at hiring data in that locale reveals that Zillow is doubling down on its charter market, which is a sign that expansion is soon to come in other markets.

One of the more common job listings for Zillow in that area is very telling; it's for a "Closer," or someone who handles the hand-over of property, shuffles contracts, and, in short, moves real estate from one owner to the next.

Read more here

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.

Property Portal Watch Bangkok Conference 2019, March 19-21

January 10, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Prophero
PropHero Cuts Australian Staff as Focus Turns Towards Europe and Asia

PropHero, the AI-powered CRM platform that helps property buyers find investment opportunities, has confirmed changes to its Australian operations just...

Read More
Fdv Up Arrows 1
FDV Regains Positive Free Cash Flow in Q1 as Zameen Shows Signs of Recovery

The ASX-listed, Malaysia-based marketplace operator Frontier Digital Ventures (FDV) has released a report on its activities for the first quarter...

Read More
Hemnet Building With Logo Editado 2
​Hemnet Delivers Strong Q1 Results Amidst Product Innovation and Market Momentum​

Sweden's leading property portal, Hemnet, has reported impressive financial results for the first quarter of 2025, showcasing the robust growth...

Read More
Product Update 2025Apr25 3
Product and Services Roundup: Loopnet, Finn.no, REA Group, Rightmove, Housing.com, AtHome.jp

This week's Product Roundup is flush with some of the biggest names in global real estate. We'll start in Europe,...

Read More

Editor's Pick