'Zillow' is a real estate app that provides users with a large database full of properties that are on sale, or for rent. It also provides a platform for homeowners to sell or rent out their houses.
The app offers its users something it calls 'Zestimates' which predict the estimated costs of buying or selling the homes they are looking at. The site is comprehensive in its approach to offering its users as much information as possible in the home buying process, providing them with properties' transaction histories and information on state-by-state mortgage rates.
This real estate app is able to connect its users with a large database that they can use to narrow down their search for homes that suit their lifestyle, geographic preferences and their financial limits -- making it perfect for Millennials who are looking to rent or own their own property.
Comprehensive Real Estate Apps
This App Provides the Largest Database of Listed Properties
Trend Themes
1. Comprehensive Real Estate Apps - Real estate apps that offer comprehensive information to users to simplify the search process and offer additional services will continue to disrupt the industry.
2. Predictive Analytics in Real Estate - The use of predictive analytics like Zestimates to determine the value of properties will continue to transform the real estate industry.
3. Location-based Real Estate Search - Real estate apps that offer location-based search features will continue to be popular as they allow users to tailor their search process according to their geographic preferences.
Industry Implications
1. Real Estate - The real estate industry can benefit from developing comprehensive apps and using predictive analytics to improve the home buying and selling process.
2. Technology - The technology sector can innovate and improve real estate search and transaction processing by developing sophisticated apps with enhanced features.
3. Finance - Financial institutions can partner with real estate apps to provide state-by-state mortgage rates and other value-added services to customers.