Touring and Market Expansion

TTV (B) Housing is a Growth Industry Near Historical Cyclical Lows Average historical turnover level expected to yield ~6 million² average annual home sales in decade ahead Total Transaction Value (TTV)³ Historical Growth $2,500 $2,000 $1,500 $1,000 $500 $0 6% CAGR4 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Historical Existing Homes Turnover¹ 7.00% 6.50% 6.00% 5.50% 5.00% проти 4.50% 4.2% Average Turnover Since 1975 4.00% 3.50% 3.00% Near Historical Bottom ~3% Current Turnover 2.50% 2.00% 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 1. Turnover is defined as total existing homes sold, per the National Association of REALTORS®, divided by total U.S. households per the U.S. Census Bureau. 2. Estimated using the National Association of REALTORS® average annual existing home sales over the next 10 years assuming the historical averages of 4.6% housing turnover and average annual household growth of ~0.9% since 2000 will continue over the years 2024-2033. Data is as of year-end 2023. 3. Total Transaction Value (TTV) for purposes of historical growth calculations is calculated as median sales price of existing residential homes sold during the relevant period multiplied by number of existing homes sold, annualized and seasonally adjusted, as reported by the National Association of REALTORS®. Data is as of year-end 2023. 4. Compound annual growth rate (CAGR) of existing home total transaction value from 1975–2023. 11 ZILLOW GROUP

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