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Real estate rivals Zillow and Redfin partner to share new construction listings

GeekWire

(ZIllow Image) Seattle real estate giants Zillow Group and Redfin announced a rare syndication partnership Tuesday related to the sharing of new construction listings. Zillow says it has the largest selection of new-construction communities of all real estate websites in the U.S.,

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Zillow acquires real estate marketing company VRX Media to boost listing services

GeekWire

VRX offers real estate-focused content such as aerial drone photography, virtual staging, 3D tours, and high-definition images. It was founded in 2015 by former real estate agents Seth Green and Nathan Strom. The new bundle includes: Dotloop , software that helps real estate brokerages manage documents digitally.

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How Zillow Group is thinking about AI and the future of real estate

GeekWire

Zillow CTO David Beitel was one of the first executive leaders at the real estate giant. In 2006 the online real estate giant debuted the “ Zestimate ,” an algorithm that uses statistical and machine learning models to estimate the value of homes. Zillow Group is no exception. Zillow is no stranger to AI.

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After a rocky 2022 for real estate, here are 5 trends to watch for Redfin and Zillow

GeekWire

The once high-flying real estate market sputtered in 2022, dragging many real estate tech companies down with it. Most of Zillow’s revenue will come from Premier Agent, its advertising service for real estate agents looking to serve prospective home buyers. Redfin and Zillow Photos).

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Redfin and Zillow resume home-buying businesses in scattered markets, citing real estate rebound

GeekWire

RedfinNow stopped making offers on March 17 as economic uncertainty showed the real estate market taking a turn for the worse. While analysts predict a surge of interest in the real estate market this summer, homeowners are still struggling with the effects of the economic crisis. percent over the past month.

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Zillow Surfing 2.0: Real estate giant uses AI to beef up virtual touring tool

GeekWire

Virtual tours have been key for real estate sites such as Zillow and Redfin during the pandemic. Zillow already offers its 3D Home tours that stitch together panorama photos. The number of 3D Home tours used on for-sale listings more than tripled between 2019 and 2020.

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Zillow Group CEO Rich Barton on the ‘Great Reshuffling’ and a ‘tectonic shift’ in real estate

GeekWire

The online real estate giant on Thursday posted better than expected financial results for its second quarter with $768 million in revenue, up 28% year-over-year. ” Fellow Seattle real estate giant Redfin also beat estimates for its quarterly earnings last week as the U.S. Zillow Group CEO Rich Barton.