25 Facts About Zillow

Zillow Group, Inc, or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006, and was created by Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.

Zillow has stated that it is a media company that generates revenue by selling advertising on its website.

Zillow now allows renters to pay rent online to their landlords for properties on the Zillow Rental Manager tool.

In 2018, Zillow Group began operations as a blanket referral-fee network without an upfront cost called Zillow Flex.

In December 2004, Zillow was incorporated; Zillow's website was launched in February 2006.

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In 2018, Zillow signed a partnership with Century 21 Canada to begin listing Canadian properties on the site, marking the first country outside the United States to be covered by the company.

The division responsible for acquiring and selling homes, Zillow Offers, resulted in the company losing $420 million in the third quarter of 2021.

Zillow has data on roughly 110 million homes across the United States.

Zillow offers several features, including value estimates of homes, value changes of each home in a given time frame, aerial views of homes, and prices of comparable homes in the area.

In December 2006, Zillow launched features allowing users to post homes for sale and set a "Make Me Move" price, as well as a real estate wiki.

That same year, Zillow teamed with Microsoft to offer a feature in Microsoft Virtual Earth that shows aerial photographs.

In July 2014, Zillow took over the real-estate portal for MSN Real Estate.

In October 2017, Zillow announced to add three-dimensional tours to get 360° photos of houses customers are interested in buying or renting.

In July 2018, Zillow released a tool for prospective renters to submit a credit check and eviction history report to landlords.

On December 16,2008, Zillow launched Zillow Advice, allowing people to ask real-estate questions online and get answers from the website's community of experts.

Zillow produces home value reports for the nation and over 130 metropolitan statistical areas.

Zillow determines an estimate, known as a "Zestimate", for a home based on a range of publicly available information, including sales of comparable houses in a neighborhood.

The accuracy of the Zestimate varies by location depending on how much information is publicly available, but Zillow allows users to check the accuracy of Zestimates in their own region against actual sales.

In March 2011, Zillow released Rent Zestimates, which provide estimated rent prices for 90 million homes.

On June 14,2011, Zillow changed its algorithm used to calculate Zestimates.

On June 15,2021 Zillow reported that it updated how it calculates the Zestimate for off-market homes, so to be more responsive to local trends and seasonality that may affect a home's market value and includes even more historical data to improve accuracy.

Zillow has made some effort to add balance by including option for owners to provide their own value estimate, but these figures can be similarly unreliable as being opinion instead of quantifiable.

In 2014, Zillow faced several lawsuits from former employees at the Zillow operation in Irvine, California, alleging violations of California Labor Code and California Business and Professions Code.

In 2017, Zillow sent a cease-and-desist letter to Kate Wagner, the author of McMansion Hell, a blog that lampooned the presentations of ostentatious homes found on the site.

Zillow later released a statement saying it had "decided against moving forward with legal action" on the matter.

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