Zillow stock is trading at $91 a share with a staggering market cap of $3.56 billion, more than double the valuation of its closest competitor, Trulia ($1.29 billion), dwarfing Move ($460.5 million) and Re/Max ($339.5 million), and gunning for Realogy with a $6.43 billion valuation. Every move the company makes seems to be savvy, calculated and successful, which explains its jaw-dropping valuation. Zillow is so big that the company is no longer patronizing the real estate industry; instead, Zillow seems willing to poke it in the eye -- the poaching of Move executives is an example. The swagger with which Zillow hired away these high-profile execs points to unfolding tension with the top end of the industry value chain, which includes franchises, big brokers and trade groups. Zillow’...
Feb 21, 2014 by Paul Hagey
MLS & Associations
Nov 18, 2013 by Andrea V. Brambila