Zillow 2.0 is the company’s solution, and its purpose is to make real estate transactions drastically easier through technology, service, and integration. Consumers today want information at their fingertips and efficient shopping experiences that take advantage of technology. In the previous decade, the world has changed drastically, and people’s expectations have continued to rise. Consumers rely on technology from firms like Netflix in today’s business environment, which emphasizes speed and ease. Let’s know ‘Does Amazon own Zillow?’.
Factors of Zillow:
The next natural step in the value chain is housing, and Zillow is a pioneer in this revolutionary technology. Zillow reported 1.22 billion dollars in revenue in the first quarter of 2021, above initial estimates in all segments. Perhaps most impressive, Zillow Group’s mortgage division grew by an incredible 169 percent year over year. It could be a concern for banks and businesses like Rocket Companies ( RKT 0.09 percent ). The iBuying sector of Zillow is one of the company’s dangers. In the first quarter of 2021, Zillow purchased 1,856 properties and sold 1,965 residences.
Benefits of Zillow:
A seller can click on an advertisement and receive an offer on their home within 48 hours using Zillow Offers. Rather than going through the months-long procedure of selling a home, the seller can transact with Zillow. Zillow plans to acquire and sell homes for its balance sheet, charging the seller a service fee, using its vast data mining expertise. The cost will vary depending on the property, and Zillow will provide a side-by-side comparison of their cost vs the typical cost of selling a home. The seller can depart the home swiftly without contingencies or the expense of staging, cleaning, and running open houses, according to Zillow’s value proposition.
Why did Zillow choose Amazon?
Zillow chose a cloud-based infrastructure to address its image system’s scalability, performance, and disaster recovery issues. From a cost and administration standpoint, the cloud made a lot of sense. Zillow chose Amazon Web Services after evaluating many cloud technologies (AWS). According to Michal, AWS has been around the longest and was the dominating player in the cloud industry.
Using Amazon Elastic Compute Cloud (Amazon EC2) instances and Amazon Simple Storage Service (Amazon S3) for picture object storage, the company moved its image hosting and distribution from a physical collocation facility to AWS. In Amazon S3, Zillow currently has over 100 TB of data, including 300 million photos and over 1 billion objects. Keeping track of billions of objects on a traditional file system wasn’t easy. They have to spread those things across multiple file systems, which would be a pain to maintain. Amazon S3’s scalability appeared to be the perfect solution.
AWS Elastic Beanstalk, a tool for developing and scaling online applications and services, was also used by Zillow. Elastic Beanstalk, which incorporates capacity provisioning, load balancing, auto-scaling, and application health monitoring, allows developers to submit code and have it deployed automatically. The company is running a Python Imaging Library with bespoke code in an Elastic Beanstalk worker environment. We need to scale up our image converters because they consume data at unpredictable intervals, dumping a huge amount of work into the network all at once. Rather than having a bunch of static instances or trying to develop their auto-scaling setup, they had used AWS Elastic Beanstalk.
Benefits of Zillow with amazon:
By utilizing Amazon Web Services, Zillow can provide a better experience for potential home buyers and renters, real estate brokers, and other site visitors. Now that they’re on AWS, they don’t have to worry about cache flushes or capacity issues. It has the scalability and performance required for delivering high-quality real estate photos, which are critical to the Zillow user experience. Zillow’s picture downloading and processing may be scaled to meet different volumes of incoming images throughout the day. Because each feed source’s picture downloads are now autonomous, Zillow may take advantage of sources that allow high bandwidth and concurrency while holding back those that don’t.
Amazon CloudFront and Amazon S3:
Zillow is more confident in the performance of its imaging system because of Amazon CloudFront and Amazon S3. They have a lot more bandwidth now than they did before, so they don’t even have to consider it.
Using Amazon S3 and Amazon CloudFront, the company has boosted the availability of its imaging system. They have objects replicated three ways inside a region with S3, so even if an availability zone fails, traffic can still be supplied to users without any development effort.
When it comes to scalability, Zillow has become more responsive. It can generate a new Amazon CloudFront distribution with a few clicks or spin up Amazon EC2 instances whenever they wish to make a major application version upgrade. As a result of AWS, it can move faster in general.
Zillow will seek more ways to shift services to the cloud in the future. CloudFront was still very young when it was originally relocated to AWS, and they considered they were taking a chance. It has, however, demonstrated its worth. They will consider AWS in the future for new projects and services. The company also has a better understanding of the system’s functioning.
1) Who is the owner of Zillow?
Richard Barton is the CEO of Zillow Group and an internet entrepreneur from the United States.
2) What cloud does Zillow use?
Zillow chose Amazon Web Services after evaluating various cloud technologies (AWS).