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Investor Presentaiton

In the process, we are opening up a large new market opportunity $18.8B real estate advertising market1 2006 Consumer expectations for "magic on demand" Zillow 1.0 Search, Find, Connect + Data & Al revolution 2018 1. Borrell Associates 2019; Total spent on online and offline residential real estate advertising. 2. $1.9T represents estimated aggregate transaction value of existing and new homes sold in 2019. US Census Bureau and National Association of REALTORS ® 2019. 3. Joint Center for Housing Studies of Harvard University, 4/20/2020. 4. Homeowners' Insurance Industry in the US - Market Research Report, IBISWorld, March 2020. 5. Zillow Group Initiating Coverage, Macquarie Group, 5/22/19. 6. Moving Services in the US - Industry Market Research Report, IBISWorld, July 2019. 7. Real Estate Appraisal in the US - Industry Market Research Report, IBISWorld, 1/07/19. $1.9T⭑ Home transaction market opportunity2 *Not Including Renovation ($326B³) Home Insurance ($106B4) Mortgage ($44B5) Title / Escrow ($33B5) Moving ($18B6) Appraisal ($9B7) Zillow 2.0 Buy, Sell, Rent, Finance ZILLOW GROUP 11
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