” Enter Zillow Premier Agent network, and Zillow Home Loans. combined have about 1/3 of the market, there are very few national brands in mortgage, customer acquisition cost is extremely high and “ distribution requires brand power and a network of local real estate agents. The context of that announcement was Rich Barton saying that 87% of buyers use a mortgage, that the top 25 lenders in the U.S. I predicted this because Zillow was going so hard into home loans in Q3 of last year, and the monsters in mortgage weren’t going to just sit back and let Zillow eat their lunch. Rocket Mortgage Acquires Redfin - NOĪnother one I got completely wrong. Either way, Opendoor did not open any kind of a door to an MLS, never mind a national MLS. Or maybe they do, but they decided that the juice ain’t worth the squeeze when the squeeze involves getting blackballed by every single MLS in the country. We have seen zero evidence that Opendoor thinks of its 3P Marketplace as anything other than a specialized form of exclusive listings, and that Opendoor doesn’t much care if it’s on Tab 1 or Tab 2 of Zillow. But if you’re not a member of NAR, what do you care what NAR thinks is and is not an MLS? Relevant to this thinking is the fact that the term “MLS” is nowhere defined, other than in private industry groups’ own rules and policies. However… if the 3P Marketplace is itself an MLS, then Zillow can display those on the main tab because it is being sourced from an MLS. The Opendoor-Zillow partnership can’t get around the rules imposed on Zillow by the various MLSs it gets data from, and Zillow isn’t gonna screw around with that for Opendoor’s sake. Last year, when I made this prediction, I thought that Opendoor’s 3P Marketplace would transform into an actual MLS because it would be difficult for Opendoor Exclusives to be on the front page of Zillow: Opendoor Opens the Door to a New National MLS - NO But we haven’t looked at 2023 Predictions yet. I guess that’s not so bad all things considered. Lifetime Batting Average: 34.25 for 94 (.364) 2023 was a crazy momentous year, but I made seven predictions last year… always guaranteed wrong or your money back! (Does not apply to VIP subscriptions.) As always, in advance of my 2024 predictions, I like to grade my predictions from last year and see just how wrong I was with them. Read his conversation with Skift magazine.Yes, it’s that time of year again. He mentions the STF200 stock index has enjoyed rocketing growth this year. With the US dollar diving and the US economy growing, he feels the US market is going to provide the most growth. GetYourGuide was finally profitable last year.Ĭhrestin says tour marketplace company's biggest competition is the tour operators themselves who try to keep their audience ring-fenced and offline. These companies won't want to waste this business opportunity as the 2024 season will surpass the 2023's season revenue success. The potential of SEO/Content Strategy in the travel tour space is immense as these tour consumers keep searching for excellent adventures and experiences online. Nils Chrestin, the CFO of Get Your Guide, a $1 billion-dollar-funded travel tour marketplace, talks about how lucrative the travel experience sector is and that only 25% of it is online at present. There is an opportunity for somebody to build a hundred billion company in travel tours.
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