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The distinction is massive. Zillow is slowly monopolizing the market by purchasing top brands. When I started, there were three brands, and now there are seven. Out of the top 10 brands, they own seven. Imagine that.
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When it comes to apartments.com, they own only two out of the top 10. The market right now is dominated by apartments.com or Zillow. There is a third player, which is working with AI quite well. I'm friends with the CEO, and what they're doing is incredible. It's called Apartment List. It's more affordable and very AI-focused.
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It was a short circuit strategy. They wanted success overnight because they knew if they played the long game with Zillow, they wouldn't succeed. They were one entity that got bought out by CoStar, meaning it was two companies. Even though CoStar tried competing with us for the past five years, they didn't succeed. They bought homes.com, but we weren't impacted. When you think of buying a home, you think Zillow. 10 years ago, I would have said apartments.com was mostly for renting, but now people go to Zillow rentals.com.
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