Zillow is a home and real estate marketplace dedicated to helping homeowners, home buyers, sellers, renters, real estate agents, mortgage professionals, landlords and property managers find and share vital information about homes, real estate, mortgages, and home improvement.
The company has a database of more than 110 million U.S. homes - including homes for sale, homes for rent and homes not currently on the market. Add to that Zestimate home values, Rent Zestimates and lots of other useful information you won't find anywhere else, and as a result, consumers are given important and detailed information about real estate and making smart decisions.
Under the Zillow brand, Zillow operates Zillow.com, Zillow Mobile, Zillow Mortgage Marketplace, Zillow Rentals and Zillow Digs. Zillow's portfolio also includes StreetEasy, HotPads and several other businesses – Agentfolio, Diverse Solutions, Mortech and Postlets – that provide a robust and growing suite of tools and services to help local real estate, mortgage, rental and home improvement professionals better manage and market their businesses.
The company has headquarters in Seattle with offices in New York, San Francisco, Irvine, CA and Lincoln, NE.
Zillow announced in July 2014 it would acquire competitor Trulia for $3.5 billion in stock. The combined company will maintain both the Zillow and Trulia brands with Spencer Rascoff as CEO of the merged companies. The deal is expected to close by February 17.
In 2014, Zillow reported record revenues of $325.9 million, up 65% from last year, and net loss of $43.6 million. Nearly two-thirds of Zillow visitors in the fourth quarter of 2014 came from mobile devices and the number nears 70% on weekends.
Zillow was founded in 2005 by Lloyd Frink and Rich Barton. The Zillow name evolved from the desire to make zillions of data points for homes accessible to everyone. And, since a home is about more than just data - it is where you lay your head to rest at night, like a pillow - "Zillow" was born.
The company went public on July 20, 2011 on Nasdaq stock market.
Updated February 14, 2015