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In the US, mortgage refinance applications have reached the highest level in three years. If the knock-on effect is a rise in home sales it will be a boon for online platform Zillow as the US group aims for multiple revenue streams from each property purchase.
Zillow, like rival ZeroDown, hopes to make money on fees and picking properties that buyers are already interested in. Add on fees for connected services like insurance and mortgages and the business will have multiple revenue streams from a single property purchase — just as long as prices keep rising.
https://www.ft.com/content/a3859aca-c5f2-11e9-a8e9-296ca66511c9?shareType=nongift
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