Technology and the rise of digital real estate companies is igniting a transformation in the way the housing market operates. Jeremy Wacksman, CMO at Zillow, was with us to share which emerging technologies are having the biggest impact on the real estate market.
Zillow brings listings to life with the addition of 3D Homes to for-sale and for-rent listings in Phoenix, Arizona. More than 70% of first-time home buyers are millennials and they consider 3D media to be as important as open houses, according the 2017 Zillow Group Housing Trends Report. Zillow 3D Home will roll-out nationwide later in 2018.
Additionally, 44% of home buyers and 47% of renters are searching for a home from a distance. Listings with a Zillow 3D Home are seeing nearly double as many views as those without, according to the company.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
