Wednesday, July 1, 2009

Zillow: Traffic Up 67 Percent This Year

Seattle-based real estate site Zillow.com is reporting today that the firm saw a 67 percent, year-over-year growth in traffic on the site. The firm said it broke "multiple records" for site traffic and user activity during the first half of the year, attributing the spike in interest at the firm into homeowners looking to find both real estate listings, as well as information about their homes. Zillow said that home price drops and constantly changing mortgage rates, plus the firm's Zillow Advice section, have been driving traffic at the site. Zillow also said that is has seen a 35 percent increase in for-sale listings in the first half of the year, and 265,000 loan requests through the site.