$Z Zillow Group Deep Dive and 2024 Outlook
Founded in 2006 by Rich Barton and Lloyd Frink, Zillow Group ZG 0.00%↑ is a Seattle-based tech company specializing in the real estate market. Their mission is to "help people get home" by offering a seamless online experience for various needs, from browsing listings to connecting with professionals.
Zillow operates a network of websites and mobile apps, including Zillow, Trulia, StreetEasy, and HotPads, attracting over 200 million monthly visitors. Their technology powers features like Zestimates (estimated home values), market insights, and tools for property management and rentals.
Zillow caters to a broad audience. Home buyers and renters use their platform to search listings, compare options, and connect with agents.
Zillow operates primarily in the United States and Canada, dominating the online real estate marketplace. They face competition from other companies like Realtor.com and Redfin RDFN 0.00%↑. Given the high mortgage rates and low inventory, real estate has been under-performing sector in 2023. But, will that change in 2024? What are the prospects for ZG 0.00%↑?
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