Zillow Group, Inc. Class C, often abbreviated as Z, is a pioneering technology company headquartered in Seattle, Washington. The company focuses on providing a platform that aims to streamline the real estate and rental industry and believes that if consumers are armed with the most comprehensive real estate information, they can make more informed decisions about the homes they buy and sell.
Founded in 2006, Zillow Group Inc has grown to become one of the leading online real estate marketplaces in the United States. The company's suite of services incorporates a diverse set of tools and functions designed to facilitate each stage of the residential real estate life-cycle, with the aim to empower real estate professionals, consumers, and renters with data, inspiration and knowledge.
The brand has a diverse portfolio featuring both well-established and emerging real estate and home-related brands on mobile and the web. These include Zillow, Trulia, StreetEasy, HotPads, Naked Apartments, and RealEstate.com, among others.
The company operates through three segments: Homes, Internet, Media & Technology (IMT), and Mortgages. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display, and other advertising, and business software solutions. The Homes segment consists of Zillow Offers; and the Mortgages segment includes advertising sold to mortgage lenders and other mortgage professionals, mortgage originations through MLOA, and the sale of mortgages on the secondary market, as well as Mortech mortgage software solutions.
Zillow has established itself as a significant player in the digitization of the real estate industry. It has transformed the traditional home-search process by providing an intuitive online platform that encompasses everything from home discovery, property listings, home value estimates (Zestimate), secure financing, and other home-related services like remodeling and maintenance.
Under the leadership of co-founders Rich Barton and Lloyd Frink, and current CEO Susan Daimler, Zillow Group Inc Class C continues to innovate within the realm of real estate technology while playing a pivotal role in shaping the future scope of the industry.
Moreover, Zillow's business model isn't just about reinventing the real estate industry; it's also about providing a more transparent, flexible, and efficient housing market that benefits all stakeholders. The company is committed to supporting local communities and reducing its environmental impact, making it a competitive and responsible player in the real estate industry.