Zillow Offers to continue expanding

January 10, 2019
Share this Post: 

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

Untitled Design 11
Idealista Published 15% Less Listings in Q4 2024

Idealista says it experienced the biggest drop in listings volume in its history in the final three months of 2024....

Read More
Nestaway 1
Nestaway Parent Aurum PropTech Sees Basic Landlord Listing Product Launch Pay Off in Q3

Aurum PropTech, the parent company of Indian rentals marketplace Nestaway, says that its relentless focus on unit economics has paid...

Read More
Ten Questions With Dateahome Done 2
Ten Questions with João Abelha, Founder and CEO at Date A Home

"Unlike generalist portals that must cater to broad and diverse audiences, we target a small percentage of the market—but one...

Read More
Shutterstock 181374380 3
FangDD Withdraws $35 Million Patent Purchase Agreement

The publicly listed Chinese real estate marketplace operator FangDD has withdrawn a patent purchase agreement worth $35 million after failing...

Read More

Editor's Pick