Zillow vs. Trulia
Zillow vs. realtor
Zillow vs. redfin
Zillow vs. opendoor
Zillow vs. compass
Zillow vs. Trulia: What’s the Difference?
If you’ve ever done research online to rent, buy, or sell a home, or if you’ve just wanted to see how much your home may be worth, you’ve probably used Zillow (Z) or Trulia.
Both sites are real estate databases that provide for-sale and rental listings to the general public and connect people with real estate agents, and they share some key characteristics. They are now also part of the same company: The Zillow Group acquired Trulia for $3.5 billion in February 2015.1
Both sites present listings using photos, a detailed description, prices, and information about neighborhoods. Property information presented on each site is generally similar because they both draw on MLS listings. Visitors can use a specific set of criteria to search for homes on each site including price, number of bedrooms, type of structure, square footage, and lot size.
While the two are fairly similar, there are several key differences that set the two sites apart. Zillow offers what it calls Zestimates, which are estimates of home values based on publicly available information. Graphically, each site presents listings in a different way, which provides the user with a different experience. For example, when you search for listings in a city on Zillow, the search results are on the right side with a map of the area on the left. The experience is flipped on Trulia, where the search results are on the left with the map on the right.
We’ll look a little more at this, and at the two sites in detail, below.
- Zillow and Trulia are real estate databases that offer for-sale and rental listings and connect people with listing agents.
- Zillow provides users with a highly graphic experience when searching for properties, while Trulia has a simpler website design.
- Zillow offers Zestimates—estimated market value for an individual property—and lists properties in both the U.S. and Canada.
- Trulia gives users a visual breakdown of the monthly costs for a property as well as crime map data.
Redfin vs Zillow vs Trulia: Honestly, Which Is Best?
Redfin, Zillow, and Trulia are three of the most popular real estate websites. Each one lets you browse for sale listings and offers home value estimates to help you figure out how much a property is worth.
That said, all three websites have strengths and weaknesses, especially when it comes to the accuracy of those estimates. Further, when you’re buying or selling a house, pricing is too important to rely on a computer-generated estimate that’s typically thousands of dollars off the mark.
You need the expertise of a licensed real estate agent who’s qualified to price homes competitively — or craft compelling offers — for your local market.
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What is Redfin?
Redfin is a low commission real estate company that offers discounted listing fees for home sellers and rebates for some buyers. But, while its core business is helping people buy and sell homes, Redfin is probably better known for its house hunting app and website.
With Redfin, you can research homes for sale in 80+ markets across the U.S. It pulls in data straight from the local multiple listing service (MLS), ensuring that property information is as accurate and up-to-date as possible. Unlike Zillow, though, you won’t find many “for sale by owner” (FSBO) listings because Redfin does not allow sellers to post listings themselves.
All listings feature a Redfin estimate, which is the company’s best guess at what the property is currently worth. Redfin bases these computer-generated estimates on details about the property, local housing market data, and public records like tax assessments.
Unfortunately, Redfin does have one major drawback vs Zillow and Trulia — at least for some users. It only shows listings in locations where Redfin has a team of in-house agents. If you’re outside Redfin’s service area, it isn’t very useful.
How good are Redfin agents?
In addition to its house hunting tools, Redfin also connects buyers and sellers with its team of in-house agents. Working with Redfin agents may be a good option if your top priority is saving on commission and you’re willing to accept a few potential service tradeoffs.
When you sell with Redfin, you’ll get a 1.5% listing fee, which drops to 1% if you buy with Redfin too. That’s a lot cheaper than the standard 3% commission rate traditional realtors charge, but Redfin’s not the only 1% commission real estate company, so it’s worth comparing your options.
While Redfin’s business model creates savings, it also comes with a few service quality risks. Redfin agents earn a salary, so they have less direct financial incentive than realtors who work on commission. They also juggle triple the number of customers as a typical realtor, which may limit their ability to provide personalized support.
What is Zillow?
Zillow is one of the largest real estate companies in the United States. Next to getting instant MLS alerts from an agent, its home buying app is the #1 way to find houses for sale online.
For sellers, Zillow is one of the best websites to post “for sale by owner” listings. And, through its “iBuying” division — Zillow Instant Offers — the company purchases houses in select markets for cash.
Like Redfin, Zillow offers a free tool that lets sellers and buyers see a home’s estimated value. A computer-generated model calculates each “Zestimate” using historical data and local market trends.
How accurate are Zillow Zestimates?
Zillows notes that its Zestimates have a median error rate of 1.9% for on-market homes and 6.9% for off-market homes. That makes Zestimates slightly more accurate than Redfin estimates, but they’re still off by an average of $5,500-19,800, based on the median U.S. home value.
As with Redfin estimates, Zestimates can give you a general idea of what your home is worth, but you shouldn’t rely on them during an actual real estate transaction.
In fact, Zillow co-founder Spencer Rascoff famously sold a house for 40% below its Zestimate. Then, when Rascoff purchased a new home in 2020, he paid 30% above the Zestimate.
How good are Zillow agents?
Unlike Redfin, Zillow doesn’t actually employ its own agents — it makes money by charging realtors to advertise on its website. If you click “Contact Agent” on a Zillow listing, the company will send your information to an agent who pays Zillow to connect them with customers.
Simply put, this is a risky way to find a realtor.
Zillow doesn’t screen its partner agents for quality, so you may not get matched with a top performer. Zillow could send you a veteran realtor who’s sold dozens of homes in your neighborhood… or you might get a brand-new agent who’s never even closed a deal.
What is Trulia?
Trulia is another popular real estate website. It’s owned by Zillow, so both websites display the same listings and property information.
The main difference between Redfin vs Zillow vs Trulia is that Trulia features a lot more information about individual neighborhoods — including reviews from people who live there — which makes it a better resource for buyers and renters who are moving to an unfamiliar area.
How accurate are Trulia estimates?
Since Zillow owns Trulia, both websites feature the same data. This means Trulia’s home value estimates are identical to Zillow’s Zestimates, with a median error rate of 6.9% for off-market homes.
However, unlike Zillow, Trulia does not display estimates for properties that are currently for sale.
The scoop: Redfin vs Zillow vs Trulia
When comparing Redfin vs Zillow vs Trulia, you’ll find many similar features. Buyers can browse for sale listings on all three real estate websites. And like Zillow, Redfin also provides home value estimates. With a margin of error of 2.84% for homes on the market and 8.39% for off-market homes, Redfin estimates are slightly less accurate than Zestimates (median error rate of 1.9% for on-market and for 6.9% off-market).
Additionally, all three websites make money by connecting buyers and sellers with real estate agents. But, unlike Zillow, which shows you agents from different brokers, if you use Redfin, you’ll be working with one of their in-house agents.
Does Redfin or Zillow have better agents?
If you’re looking for a real estate agent, Redfin is probably a better choice than Zillow since it provides built-in discounts for most customers — albeit with a few potential tradeoffs.
But, depending on your needs and situation, you can likely find a local agent from a low-fee brokerage who provides more overall value than either Zillow or Redfin.
Why are Redfin and Zillow estimates so different?
Although Redfin and Zillow both have fairly accurate home valuation tools, they’ll sometimes calculate drastically different price estimates for the same house.
This usually happens when one of the companies bases an estimate on faulty or incomplete data. For example, if you’ve renovated your home since your last tax assessment, your Zestimate or Redfin estimate may be based on outdated information.
Both websites allow you to “claim” your home profile and submit updated details, which should bring your estimate closer to your home’s true value.
Is Redfin better than Zillow (or is Trulia the best)?
Redfin, Zillow, and Trulia all offer useful tools for home buyers and sellers, but none of them is a one-size-fits-all solution. Deciding whether Redfin vs Zillow vs Trulia is best for you depends on where you’re at on your real estate journey.
When you’re buying a home, Zillow has the most listings, while Trulia offers tools that make it easier to compare neighborhoods when buying long distance.
If you’re selling, Redfin offers discounted listing fees when you work with one of its agents. That’s a better deal than you’ll likely find with an agent you meet through Zillow or Trulia.
The best alternatives to Redfin, Zillow, and Trulia
There’s much more to the buying or selling process than computer-generated estimates and house hunting apps. These are the best alternatives to help you find the perfect home — or save thousands when you sell.
Top alternatives for buyers
When you’re looking at homes for sale online, it’s hard to beat the convenience of Zillow, Redfin, and Trulia. But, there’s no harm in trying alternative websites, especially if you’re open to non-conventional properties like foreclosures or houses for sale by owner.
Some of the top home buying websites like Zillow include:
But, no matter where you browse real estate listings, you should enlist the support of a top real estate agent once you’re ready to start touring homes in person. The right agent has the local market knowledge to help you find competitively-priced properties that you’ll love — and avoid costly home buying mistakes along the way.
also read :
Zillow Group, Inc., or simply Zillow, is an American online 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.com; David Beitel, Zillow’s current Chief Technology Officer; and Kristin Acker, Zillow’s current Senior Vice President of Experience Design.
Zillow vs. Realtor.com Leads – Which Are Better ?
Every real estate agent is familiar with Zillow and Realtor.com. But how does each platform’s lead service compare to the other? In this post, we’ll look at Zillow vs. Realtor.com leads services to see which one you should invest in to grow your real estate business.
How Zillow Leads Work
Zillow’s lead service is called Premier Agent. When you sign up to join the Premier Agent program, you can take advantage of several features:
- Featured ad placements on property listings in your zip code, whether they’re your listings or not
- Top placement on Zillow Agent Finder
- Exposure across Zillow’s other affiliated sites, including Trulia
- Good reviews are highlighted on your profile
- IDX Website and Zillow CRM
So when an interested buyer clicks on a listing they are interested in, they will see your ad right beside it as the first name on a list of other Realtors. They can then reach out to you if they are interested in working with you.
Zillow Premier Agent gives you flexibility in how you’d like to pursue your advertising goals. You can advertise month-to-month or sign a six-month contract for a minimum amount each month. If you sign a contract, you will get an ad bonus to fund more advertisements.
The cost of leads from Zillow Premier Agent will depend on the average price of homes in your location and the amount of competition from other agents.
For example, you will have to pay more if your market is New York City, where there is more competition from other agents and homes have a higher value. On the other hand, you will pay less than if your market is a small town in Indiana.
On average, you can expect to pay around $20 to $60 per 1,000 impressions. Zillow recommends you pay for at least 5,000 impressions per month to get the most effective results for your investment. If just 1% of those impressions contact you, and you then convert 4% of them, that comes out to a cost of $100 per lead.
To be effective with Zillow Premier Agent, it takes a larger budget, which may or may not be worth the spend depending on how many leads you can expect to get out of it. It might also be harder for new agents who don’t have a large budget yet.
To see if Zillow leads are worth it the cost for you, you will have to consider your location, competition, and budget. In addition, it will be up to you to qualify all the leads who reach out to you.
For agents who don’t have a larger budget to work with, Zillow recently began offering an alternative payment structure called Zillow Flex.
This program works by providing agents with leads but only charging if a transaction goes to closing. At the moment, Zillow Flex is only offered in a select number of markets. However, it is likely to be rolled out on a national scale soon.
How Realtor.com Leads Work
Realtor.com’s lead service is called Connections Plus. Zillow vs. Realtor.com leads services work similarly, but Realtor.com has a few key differences.
First, while Premier Agent works by the lead reaching out to you first after checking out your profile, Connections Plus works by sending out a lead to all the agents in a specific area. Whichever agent contacts that lead first has the best chance of working with them.
When you sign for the Connections Plus program, you get a range of benefits for your business:
- Automated email and text responses to engage your lead until you have time to reach out.
- Ability to track data from up to 150 different lead sources, all in Realtor.com’s CRM system.
- Ability to add agents from your team into your database and share leads with them.
- Connections Plus mobile app.
- Information about the lead, including contact information, recent searches on Realtor.com, and social media profiles if available.
The program works when a buyer expresses interest in a property and then decides to fill out a form to contact an agent. Realtor.com collects all these different leads and then sends them out to you and other Realtors in the area. Like Zillow, it is your job to qualify the leads and see if they are worth pursuing.
If you’re comparing the cost of Zillow vs. Realtor.com leads, Connections Plus is the slightly cheaper option. However, similar to Premier Agents will depend on a couple of different factors.
The cost will depend on what zip code you are in, and whether you choose to pay extra for exclusive leads rather than non-exclusive leads.
Realtor.com sends non-exclusive leads to all agents in a zip code, and they are essentially first-come, first-serve. Whoever contacts the lead first has a higher chance of working with them. Non-exclusive leads are also less expensive.
Exclusive leads, on the other hand, are more expensive. You are essentially paying a larger fee to be the only agent in your zip code. Realtor.com will send all the leads in the area only to you.
On average, the monthly cost for non-exclusive leads starts at $200 per month, while exclusive leads cost $1,000 per month. But to find accurate pricing information and get a quote for your area, contact a sales rep from Realtor.com.
In addition, when you sign up for Connections Plus you will have to commit to a six or 12-month contract. Use your location and desired budget to decide if you can afford the cost. Read my full post on whether Realtor.com leads are worth it.
Which One Is Better?
In early 2021, Zillow had 221 million monthly unique users on its site. In comparison, Realtor.com had 86 million monthly unique users in 2020.
Final Thoughts on Zillow vs. Realtor.com Leads
It’s also important to remember that different agents will get different results, even if they use the same site. For example, success with Zillow vs. Realtor.com lead services comes down to several factors. These include how filled out your profile is, the quality of your profile photo, how many reviews you have, and your response time and follow-up strategy when reaching out to the leads.
Opendoor vs Zillow Offers
Here Are The Differences
Selling your home can be a long and stressful process. To speed it up and ease your mind, consider requesting an instant cash offer from an experienced iBuyer. Among the most popular instant home buying programs are from Zillow and Opendoor.
To help understand the differences between the two companies, here is an overall comparison of Opendoor vs Zillow Offers.
Overview of Zillow Offers vs Opendoor
Opendoor’s competitive advantage is being the market leader and first mover with entrepreneur Eric Wu starting the iBuyer in 2014. Along with buying homes, Opendoor formed a brokerage recently and debuted cash-backed offers which help buyers purchase homes.
Zillow is well-known by consumers and has a history of pricing properties with its Zestimate. With 2.2 billion visits to its website during the fourth quarter of 2020, Zillow has the scale, profitability and web traffic to draw buyers and sellers.
What Homes Qualify for an Offer
Opendoor and Zillow Offers buy single family homes, townhomes, condos and duplexes (in certain markets).
Prefabricated or mobile homes do not qualify with either company at this time. Based on the value of your home, Zillow looks in the $200,000 to $400,000 range, but it may vary depending on your city and current market conditions. Opendoor generally buys homes with a valuation between $100,000 and $600,000, but could be as high as $1,400,000 depending on the market.
Opendoor and Zillow have limited available markets for providing offers to buy your home. Before wasting time working with a company that isn’t available in your area, check to see if Opendoor vs Zillow Instant Offers has services in your house’s location.
Both of the two companies provide offers to buy your home in the following markets: Atlanta, GA; Austin, TX; Charlotte, NC; Colorado Spring, CO; Dallas-Fort Worth, TX; Denver, CO; Houston, TX; Jacksonville, FL; Las Vegas, NV; Los Angeles, CA; Minneapolis-St. Paul, MN; Nashville, TN; Orlando, FL; Phoenix, AZ; Portland, OR; Raleigh, NC; Riverside, CA; Sacramento, CA; San Antonio, TX; San Diego, CA; Tampa, FL and Tucson, AZ.
Zillow also services the Cincinnati, OH; Fort Collins, CO and Miami, FL housing markets. The additional markets serviced by Opendoor are: Asheville, NC; Boise, ID; Corpus Christi, TX; Greensboro-Winston, NC; Greenville, SC; Kansas City, KS; Killeen, TX; Northern Colorado; Prescott, AZ; Saint Louis, MO and Salt Lake City, UT.
How Long It Takes To Get a Cash Offer
To receive a cash offer from Opendoor or Zillow Offers, you need to provide some basic information about your home and property. Be prepared to provide the address, description including year built and square footage, and details about any upgrades or renovations. Opendoor also requests a picture of your house.
After submitting your request for an offer, Opendoor sends you a free, no obligation offer within 24 hours. Then, you can schedule time with a dedicated Experience Partner to review your offer and go over your selling options. Opendoor offers are valid for seven days. After providing information about your home to Zillow Offers, it takes around two business days to prepare an offer. You have five business days to respond to the offer before it expires.
How the Closing Process Is Handled
Whether you choose Zillow or Opendoor, there are a few things you should do to make the closing process go quickly and smoothly. Like the majority of home buyers, both companies require a home assessment by an official estimator. Prior to the estimator visiting your home, ensure the property is in the same condition as described in the offer. A deep clean is not necessary; simply remove any trash, debris or personal items from the interior and the exterior of the property.
Make sure your utilities, such as electric, water and gas, are still active. Estimators need access to all rooms in your house. The final offer to buy your home is based on this estimate and any repairs or issues reported by the estimator. Once the final offer is accepted, you can select an available closing date. Depending on circumstances, closing can be completed anywhere from seven to 90 days after the contract is signed.
Closing Costs and Additional Fees
Whether you sell your home the traditional way or sell to an iBuyer, there are nearly always closing costs associated with the sale. Closing costs are the various fees paid by buyers and sellers at the close of a real estate transaction. According to Realtor.com, total closing costs range from about 1% to 7% of the sale price. Costs fluctuate depending on the different fees and legal requirements of each state and municipality.
Typical closing costs you should expect to pay include title insurance, home inspection, appraisal, survey and transfer taxes. Other expenses you may need to incorporate into your budget are real estate agent commissions, moving costs and any home repairs requested in the offer. Items that are broken or in poor condition should be fixed, along with anything that affects the safety, structure or functionality of the house.
Zillow Offers and Opendoor both charge a small service fee to cover their expenses of the home sale.
The service charge helps provide a streamlined experience from instant cash offer to closing. Each situation is unique, thus the actual service fee charged by the iBuyer varies for each property.
Zillow charges a service fee ranging from 1.5% to 9% with an average of 2.5%. Opendoor’s charge typically falls between 5% and 8% and goes no higher than 14%.
Maximum Proceeds to Home Seller
The maximum proceeds available to the home seller is dependent on a variety of factors, but the basic computation for net proceeds is the sell price minus all associated costs. To maximize the proceeds from your home sale, you want a high sale price and low costs. Ways to get a higher price for your home are adding unique features and making quick upgrades like a fresh coat of paint. You can lower costs by doing a FSBO (for sale by owner) sale instead of using a real estate agent and completing home repairs yourself.
When it comes to Zillow vs Opendoor, they each have advantages and disadvantages. While Opendoor services more markets, Zillow has a lower average service charge. To get an instant estimate and see what kind of cash offers iBuyers are willing to pay for your home, enter your address in the convenient iValuation tool.
Start your offer inquiry today and get one step closer to selling your home.
How does Opendoor differ from other services like Zillow and Offerpad?
More flexibility when selling
We don’t just display listings or estimate home values, we give homeowners a competitive offer and allow them to move on their own timeline. Compared to competitors, you can cancel the sale at anytime before closing, for any reason without a penalty. Our offers are valid for seven days so you have time to plan and make the best decision possible. We also offer a 14-day late checkout (rent-back option) so our customers can extend their moving timeline if needed. See how we stack up to Zillow and Offerpad directly or request an offer on your home.
Hundreds of listings in over 25 cities
Opendoor is actively buying and selling homes in over 25 metropolitan areas, more than any of our direct competitors. Compared to the traditional process, we’re making it easier for home buyers to find their next home. Tour any Opendoor-owned home on any day of the week from 6am to 9pm, no appointment needed. Just use the Opendoor app or our text-to-enter service to gain access when you arrive.
Here’s more info on how to visit an Opendoor home or view our listings to get started finding your next home. Also, now in select markets, you can buy any home on the market, including non-Opendoor homes, and save thousands.
Largest trade-in program
We have the nation’s largest home trade in program, allowing you to buy and sell your home in one seamless experience—no double mortgages, no waiting months to sell before you can buy, and no need to move multiple times. Additionally, we have the largest network of home builder partnerships with companies like Lennar and Toll Brothers. When you sell to Opendoor and buy from one of our homebuilder partners, Opendoor offers a flexible 9-month close of escrow to allow ample time for new construction.
How Compass is Different from Zillow, Redfin, and Typical Brokerages
Compass completed their IPO valuing the company at $7 billion dollars (really $9 billion after accounting for full dilution of all convertibles, warrants, employee stock options, and other derivatives). For all the early investors, it’s a huge win by any measure, reaching both liquidity and 10x unicorn status. Even most late-stage investors should be happy, especially after the prior year’s scares. The 2020 failed WeWork IPO followed by the Covid-19 lockdowns led to a rather large 15% layoff for Compass staff. Founder and CEO Robert Reffkin predicted a 50% drop in revenues and further pain if nationwide real estate prices fall. Of course, a few months later the market stabilized and rebounded to all-time highs, helped in a large part by loose monetary policy and fiscal stimulus. Many people ask: what makes Compass different from other public traded real estate giants? Is Compass a brokerage firm valued at many multiples of Realogy and any other brokerage in history? Or is Compass a technology company, comparable to Tesla and Amazon?
Compass vs Zillow – Brokerage versus Listing Portal
We can get the easy comparison out of the way first. Ignoring Redfin for the moment, what is the difference between Zillow and Compass? Does Zillow own Compass as part of the Zillow Group? Absolutely not. The two are separate, publicly traded companies, each with multi-billion dollar market capitalizations. In July 2021, Compass happens to be at $5 billion and Zillow Group at $29 billion as Compass.
Noteworthy Compass Accomplishments
Compass gained a tremendous amount of market share in about 8 years of operations. They started solely in New York as Urban Compass, initially hoping to revolutionize the rental market before realizing sales were far more lucrative. In the process, they navigated through multiple game-changing shifts in the industry: a shift to No Fee Brokers and OPs, the rise of the 100% firms, and the mid-sized brokerage squeeze.
Compass Reversed the Trend Toward Light Brokerages
For at least a decade prior to the Compass ascent, almost everyone in real estate was talking about the death of the traditional brokerage model. In a world where most leads come from the internet, who needs a fancy office, let alone expensive store frontage?
The New York City market changed drastically, and along the way Compass found itself steering exactly against the tide. Although we focus primarily on NYC firms, similar disruptions happened in many cities and metro areas across the United States.
Is Trulia or Zillow more accurate?
In This case Zillow was more accurate. The difference between the two online valuations is almost $95,000!
However Zillow was pretty close to the appraiser’s value. … The bottom line is that sometimes Zillow is accurate, sometimes Trulia is accurate and sometime both of them are way off.
Is Trulia and Zillow the same?
Zillow and Trulia are real estate databases that offer for-sale and rental listings and connect people with listing agents. Zillow provides users with a highly graphic experience when searching for properties, while Trulia has a simpler website design.
Which is better Zillow or Redfin?
Is Zillow or Redfin More Accurate? Looking at the numbers, it’s clear that Zillow is more accurate overall, but Redfin is more accurate on homes that are actively for sale. This does come with some caveats, though. Those are national median error rates, so local markets have a lot of built-in variance.
Is Zillow or realtor better?
Overall, Zillow is slightly better than Realtor.com. Because the platform gets more traffic, you will naturally get more exposure and engagement. … While Realtor.com only uses listings submitted by agents to the MLS, Zillow also includes FSBO listings on their site.
Why do realtors hate Zillow?
One of the main reasons that realtors hate Zillow, is the issue of inaccurate information. And this issue also affects buyers. … The more listings they have on their site than their competitors, the more realtors that they will attract. And this means more advertising money for them.
Does Zillow underestimate home values?
According to Zillow, the nationwide median error rate for the Zestimate for on-market homes is 1.9%, while the Zestimate for off-market homes has a median error rate of 6.9%. … Along with accepting user-submitted data, Zillow deals with problems of inaccuracy by reporting estimated value ranges for individual properties.
Why is Redfin lower than Zillow?
Because of the smaller number of listings available, Redfin can look at more details than Zillow. For example, Redfin may consider that a home with a stunning view may have a better value, and Zillow may not take this little tidbit into consideration at all. Zillow provides estimates for more homes than Redfin does.
Is Redfin really 1%?
Is Redfin really 1% commission? Redfin also heavily advertises a 1% commission, despite the fact that their standard listing fee is 1.5%.
Can you get scammed on Zillow?
Report Scams and Fraud
If you find a fraudulent listing on Zillow, please return to the listing page and click “Report Listing” and select “Listing seems to be fraudulent or illegal.” If you believe you have been scammed, report the incident to the FTC.
Is Zillow still buying houses?
4, 2020 /PRNewswire/ — Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which is transforming the way people buy, sell and finance homes, today resumed buying homes in four more markets and is now buying homes in all 24 markets where Zillow Offers is available1.
Is Redfin part of Zillow?
Popular real estate websites Zillow Group (NASDAQ:Z)(NASDAQ:ZG) and Redfin (NASDAQ:RDFN) are actually quite different businesses, though they tend to cater to the same groups: homebuyers, sellers and real estate professionals.
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Zillow vs Redfin: Which Real Estate Stock is a Better Investment?
The residential real estate industry has been one of the biggest beneficiaries of the COVID-19 pandemic.
Historically low interest rates combined with the normalization of remote working worldwide has led to a widespread flight by people from crowded cities and metropolitan areas to the suburbs.
A second wave of the pandemic is now plaguing the U.S., while a new strain of the virus is reactivating lockdowns in European countries. This should fuel the demand for residential real estate further, as people quarantine in their houses.
Permanent remote working is expected to double in 2021 owing to increased productivity levels, according to a survey conducted by Enterprise technology Research. This bodes well for this industry.
Companies such as Zillow Group, Inc. (ZG – Get Rating) and Redfin Corporation (RDFN – Get Rating) have revolutionized the housing sector by launching technology-backed services to make the home purchase and rental process more streamlined and efficient. Both companies are riding a residential real estate boom, with high holdings turnover.
In fact, low inventories amid surging demand have become a real concern for both the companies, which is pushing prices up even further.