The program, known as Zillow Offers, has been met with skepticism by Wall Street and housing economists, but the Seattle-based company clearly sees the model as its path forward. "Zillow Offers is working and we are leaning in," declared Rich Barton, Zillow cofounder and CEO, in an interview immediately following the earnings release. The company also said Thursday that it will expand Zillow Offers to 20 markets by the end the first quarter of 2020, up from nine currently. Those include high prices and densely populated markets like Los Angeles and Miami, as well as up and coming markets like Austin. Last April, the Seattle-based company entered the on-demand home sales market with Zillow Offers.

Source: Forbes May 09, 2019 20:09 UTC