Zillow CEO Spencer Rascoff was interviewed yesterday on Bloomberg TV. His remarks covered:
The importance of mobile applications in the sale of real estate today, which is fueling huge growth in profits for Zillow;
The increase in premier agents advertising on Zillow (I am one of those 53,000 agents around the country);
The introduction of Zestimate forecasts which show what houses will be worth in twelve months;
The rate of increase in housing prices and trends for the future;
The booming luxury home market, and the importance of foreign buyers in this market.
Please see the link to the Spencer Rascoff interview here:
Happy Investing!
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