Zillow’s AI-Powered Real Estate Surge | Business and Finance News

Zillow’s Q2 earnings soar with 18% revenue growth, hitting over $770M, as AI tools and integrated services drive engagement and efficiency. Despite market turbulence, their platform thrives, with mortgage revenue up 75% and rentals up 31%, fueled by multifamily demand. The company cuts 7% of its workforce to boost efficiency while pushing its “preferred model” to align agent incentives. Looking ahead, Zillow aims to dominate mortgage lending, expand Zillow Preview to other platforms, and hit $1B in annual rental revenue—all while building a frictionless, AI-powered real estate operating system. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/da929995aed3392c