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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

It's like, but you should, it'll sell the house faster, but it'll show this room I don't want to show.

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

So there is that incentive.

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

So innovate and create the right incentives for people to use it, but it's going to get quickly commoditized.

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

And that's part of why we're even open with all the rich media stuff.

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

So yes, we have our own tech.

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

We support everyone else's tech.

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

We support a bunch of 3D interactive floor plans on Zillow because if we can just get more folks using the tech and the tools, more transactions will move offline to online.

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

That's still the biggest shift we're working on is our business is transaction volume-based.

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

We benefit from getting more transactions flowing online and digitized.

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

So we're going to bend towards open and we're going to bend towards platform support because we still need to get all this tech, whether it's Zillows or not, to be across more of the content.

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

I mean, I go back to the...

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

The really unique thing about this category is, and we'll talk about trans actors, buyers and sellers, not people who are just kind of using it as entertainment.

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

You are selecting from a too limited set from what you want and having to make a set of trade-offs.

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

In that marketplace where supply is so constrained, the buyer actually has a tremendous amount of agency.

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

It's more about actually making sure you hire the right professional and making sure you end up making the right decision, which you won't really, there's no AB test for that.

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

You won't really know until you do it and then you look back.

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

That's actually where the agency comes from.

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

Maybe if we're ever in a market again where there is, it is an extreme abundance market and buyer choice is not so constrained, it would feel differently.

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

But right now, if I'm a buyer,

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

The agents I have is, I mean, eventually I'm going to see all the homes that I possibly could buy before I make my decision.