Zillow Group, Inc. (NASDAQ:ZG), a digital real estate company founded by Rich Barton and Lloyd Flink and headquartered in Seattle, Washington, operates real estate brands on mobile applications and websites in the United States. It operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The company’s mobile applications and websites offers various real estate transactions and related services, including buying, selling, renting, and financing services for residential real estate properties; purchase and sale of homes; title and escrow services; title insurance products and services; and mortgage loans.
Listed below are the reasons why it is a top real estate tech stock.
- Zillow’s core business, its primary money-maker website which generates revenue by connecting home buyers and sellers with a real estate agent, is rebounding from last year’s pandemic. More American households have been more interested of moving this year.
- Zillow has the most complementary services (direct-home-buying-and-selling business, Zillow Mortgages, Zillow Rental Manager tool, Zillow Flex, Zillow Offers, Zestimate for a home, Rent Zestimates and other.
- Zillow is a highly profitable company. Total revenue increased in 2020 to $3.34 billion.
Therefore, Zillow is the best real estate tech stock for now and the foreseeable future.