Technology and the rise of digital real estate companies is igniting a transformation in the way the housing market operates. Jeremy Wacksman, CMO at Zillow, was with us to share which emerging technologies are having the biggest impact on the real estate market.
Zillow brings listings to life with the addition of 3D Homes to for-sale and for-rent listings in Phoenix, Arizona. More than 70% of first-time home buyers are millennials and they consider 3D media to be as important as open houses, according the 2017 Zillow Group Housing Trends Report. Zillow 3D Home will roll-out nationwide later in 2018.
Additionally, 44% of home buyers and 47% of renters are searching for a home from a distance. Listings with a Zillow 3D Home are seeing nearly double as many views as those without, according to the company.
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
