At $33.6T, it’s nearly as large as the GDP of the two largest global economies combined
Over $1.5T of residential real estate changes hands each year
Let's compare the big three real estate disruptors
$RDFN $Z $OPEN
// THREAD
Over the next ten years, these three companies will reinvent the process of buying, selling, and financing residential real estate
The market is highly fragmented with 2M real estate agents and has been relatively undisrupted by digital transformation so far
1) Zillow $Z
- A real-estate media tech giant, founded in 2004
- The largest of the three by market cap by far
- Think of Zillow as the “Google” of online real estate search, making most of their revenue selling ad space and leads to realtors and property management companies