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Zillow Is Trying To Be The Operating System Of Moving, Not Just A House-Scrolling App

Zillow Is Trying To Be The Operating System Of Moving, Not Just A House-Scrolling App

KAHROS Team

TL;DR

Quick Summary

  • Zillow has evolved from a listings site into a three-part platform spanning marketplaces, mortgages, and closing services.
  • Google’s experiments with real-estate ad formats add real competitive pressure, pushing Zillow to deepen its tools and workflows.
  • At about $66 per share and a ~$16B market cap in late January 2026, the market is still debating whether Zillow is a housing-cycle play or a broader software-and-data platform.

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