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Jeremy Wacksman

๐Ÿ‘ค Speaker
547 total appearances

Appearances Over Time

Podcast Appearances

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

squashed because you won't actually rent or sell the place.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

Yes.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

If not the full- Not every, but you definitely have the content challenges.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

But the reality is if you can, at the end of the day, someone's going to go tour the home before they buy it.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

People aren't buying, well, actually that's not true.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

Some people do buy houses sight unseen, but then they're usually entrusting a professional to go see the house while they're doing it.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

So someone's putting eyes on the house.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

So you do have this, again, you're not buying shoes off Amazon and they're like, well, wait, that's not what I thought I bought.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

Yeah, but the flip side of that is we're trying to use the AI tools to generate a more realistic version, which I think is part of the challenge of getting things like Showcase going is people who want to market the home maybe don't want to show.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

So we take a good example, like we take drone photography.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

So a photographer, and they'll shoot it in the best possible light.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

And then we'll generate a full flyover.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

You can like joystick around the house and see it from all angles.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

And we fill that in with LLM tech.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

that showcases things that maybe they didn't want to show.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

And that gives you a more realistic sense of the home.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

And so trying to navigate that balance of, well, maybe I didn't want to market it that way, but oh, if I showcase it this way, I'll actually drive more demand.

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

That's one way we're really trying to drive the right incentive is we can show that when you generate a more realistic version of things,

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

it actually provides more demand and more pull through from buyers if you give them more realistic content not just staged content and we're getting to three four five percent of listings are now doing that and we just started that a couple years ago so that's a good example of

Decoder with Nilay Patel
Zillow's CEO on growth during a housing crisis

tools we're bringing to bear and using AI to actually create a more realistic version to maybe counter that incentive.