On Thursday, Feb 11, Zillow® Group, Inc. hosted a conference call to discuss its fourth quarter and full-year 2015 financial results.
“American household budgets and balance sheets are stronger now than in 2008, and the American consumer so far hasn’t been impacted by declining stock prices,” said CEO Spencer Rascoff. “Despite global issues stemming from China and commodities, we just aren’t seeing them negatively affect most American households. It’s possible that these global issues will affect American consumers at some point, especially if companies slow hiring, but for now the global economic issues seem confined more to Wall Street, which is seeing incredibly volatile capital markets, than to Main Street, which is benefiting from low gas prices and seeing solid employment, decent wage growth, and relatively affordable for-sale housing.”
In 2015, Zillow Group helped agent advertisers close approximately 3.9 percent of the residential real estate transaction sides in the U.S., which drove roughly $3.2 billion in commissions for our Premier Agent advertisers. This compares to an estimated 3.1 percent of transaction sides and $2.3 billion commissions in 2014.
Growth of the advertiser cohort that spends more than $5,000 per month grew 62 percent on a total dollar basis and 48 percent in advertiser count. Quarter-over-quarter, this is an improvement of 5 percent on a total dollar basis and 3 percent in advertiser count.
“With the Trulia acquisition and integration successfully behind us, we are excited to turn the page to 2016,” Rascoff said.
For more information, visit www.zillow.com.
