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Real estate data should be free. The agents and the MLS had been hoarding it for decades. We liberated it.
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Two hundred million people visit Zillow every month. They check their Zestimate more often than their bank balance.
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The iBuying experiment cost us $881 million in one quarter. That is an expensive lesson in humility. The algorithm does not know everything.
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I built Expedia, Glassdoor, and Zillow. All three were about making opaque information transparent. That is the pattern.
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Everyone thinks real estate is about houses. It is about information. Whoever controls the information controls the market.
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If the data says stop, stop. We killed iBuying because the data told us to, not because we wanted to.