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Zillow Cofounders Debut On Forbes Billionaires List Amid White-Hot Residential Market


Zillow Cofounders Debut On Forbes Billionaires List Amid White-Hot Residential Market
Andrew Harrer/Bloomberg
Zillow cofounders Rich Barton and Lloyd Frink debuted on the Forbes Billionaires list on Tuesday following a heady year both for their company and the broader residential real estate market. Barton, 53, joins the rankings with a net worth of $2.2 billion and Frink, 56, with $1.4 billion. They are among five U.S. real estate billionaires to join the list for the first time.
A spokesperson for Zillow declined to comment on the news. 
In the 12 months ending March 6, when
Forbes finalized the rankings, shares of the publicly traded real estate marketplace nearly tripled. The rise was spurred by a dramatic spike in demand for housing, which sent median American home prices soaring 10% over the past year, according to CoreLogic, inflated by low inventory, rock-bottom interest rates and a spike in activity driven by prospective buyers fleeing cities and se ....

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Winners and losers of proptech in 2020, its biggest year yet


OMERS Ventures; Fifth Wall; Warburg Realty; Nine Four Ventures; Samantha Lee/Business Insider
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2020 was proptech s arrival party, as real-estate companies had to turn to digital solutions in the face of the pandemic. 
The term refers to companies that provide technology and tech-enabled business models for application in the real estate industry.
The biggest winners of the year were companies that were able to digitize workflows and transactions and make them more efficient.  
A big loser this year was the master-lease business model in flex office and short-term rental, as many companies switched to revenue-sharing models. ....

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Winners and Losers of Proptech in 2020


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