Zillow Relaunch – Adds Its Own Q&A Service.
They may have been taking a look at the runaway success of Yahoo Answers – Among the changes is a new product called Home Q&A, which allows users to ask and answer questions about any of the 70 million U.S. homes in the Zillow database. Answers are rated by other Zillow users.
Zillow is moving beyond the general site wide advertising they got from brokerages and home improvement stores, enabling registered users to carry out targeted advertising campaigns for their home listing. The new ad units are called “EZ Ads”. Users will be able to target their campaign by zip codes and specify the number of view or bank roll their ad will run for. The effective CPM for these ads will be a penny per impression.
Zillow claims 4.1 million unique visitors came to the site in March (Comscore (U.S.) says 1.8 million, down from 2.3 million a year ago, and 33 million monthly page views). They say that 90% of visitors own a home, and 54% play to buy or sell in the next two years. The company has raised $57 million in venture capital.