Zillow: Millions of potential houses lost to doubling up

 · However, Zillow concedes that it is an estimate as to market value and is promoted as a tool for potential buyers to use in assessing market value of a given property.

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Premier Services for Real Estate Agents. In its most recent report, Zillow Group said that in the third quarter of 2017, it earned a record $197.1 million from its Premier Agent program, up from $158.3 million in the third quarter of 2016 – a 24% rise year-over-year.

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we are now short millions of homes. In normal times, we need up to nearly a million newly built housing units per year just to make up for those lost to fire, decay, demolition or other destruction.6 To accommodate growing population7 and other sources of new demand, 0

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Though the potential sale of Hayes Mansion for a value of around $47 million fell through earlier this year, its century-old charms are not lost on locals. The 41,000-square-foot Mediterranean.

And with $658 million in cash on hand at the end of 2018, Zillow also has the financial capacity to buy thousands of homes without having to raise investor funding like Opendoor and Offerpad do.

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Those businesses made up 96 percent of Zillow’s total revenue in 2018, and 88 percent in the fourth quarter, with the Homes segment just getting off the ground and mortgages not yet in their own.