Zillow’s stock rose 9% on Thursday when they reported that their iBuying program is estimated to bring in $1.25 billion in revenue this year. iBuying or “home flipping” is a strategic shift for Zillow that has yet generate a profit, although analysts estimate those will occur in 2024.
Posted by Jeff Mindham
Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies.
I have a master’s degree from the University of San Francisco and a BA degree in Communications.
