Zillow Rental is Becoming Big Business…
Published
Data #1
Zillow Hits 40,000 Multi-Family Properties, Reaching $226m in revenue.
Why does this data matter?
Zillow's recent earnings report was impressive, demonstrating the company's strength and leadership in the real estate market. Their rentals business, a growing part of their overall operations, was a particular bright spot. Zillow is bullish on this part of the business, forecasting revenue opportunity north of $1 billion and highlighting their network of 40,000 multifamily properties. The vast number of these listings on Zillow led realtor.com to strategically integrate them onto their platform, leveraging Zillow's extensive reach. This move positions Zillow for future success, as they move beyond simply generating leads for agents. Tune in to our upcoming quarterly earnings webcast for more details.
Data #2
National Rents Down -.8%, Making it 11 Months Straight
Why does this data matter?
Data from apartmentlist.com revealed a 0.8% year-over-year decrease in rental prices, marking the 11th consecutive month of decline. This trend is significant as housing increases have contributed over 50% to inflation data. Therefore, this supports the expectation that inflation will further moderate, particularly as owners' equivalent rent within CPI moves closer to real-time updates, as highlighted today.
Data #3
Meta Now Has 1,908 Models. Well Beyond its Competitors.
Why does this data matter?
We have established Meta as a frontrunner in AI, with current data reinforcing this position. While OpenAI, owned by Microsoft, has been influential, we see through data that Meta's AI unit is gaining notable traction among developers. Looking at Hugging Face as a reference, Meta has uploaded over 1900 models, surpassing Google by over 2 times and Microsoft by 9 times. This underscores Meta's rapid push as a fundamental and indispensable component of the AI landscape
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