VIDEO: Zillow Forecasts a Hopeful Future for Housing Market
ZIllow’s overall revenue is up 117 percent from last year, and the company expects continued success due to low mortgage rates, consumer frustration with the homebuying process, and its latest venture, Zillow Offers. Zillow Offers, the new house flipping arm of Zillow, projects a $1.25 billion revenue for 2020 after transacting roughly 2,500 homes this year, according to Zillow’s CEO.
CNBC spoke with Richard Barton, Zillow CEO, on their segment “Closing Bell.”
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