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      "text": "$2T total transaction value (TTV) in 2024 across For Sale and Rentals creates $168B total addressable market (TAM)",
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      "text": "1. Total transaction value (TTV): (a) Residential and Mortgages TTV calculated as the number of existing residential homes sold multiplied by the average sales price of existing residential homes sold during the relevant period according to industry data collected and estimated by Zillow, as published monthly on our site, and (b) Rentals TTV calculated as U.S. rental unit inventory and average monthly rent according to the U.S. Census Bureau's Current Population Survey dated Feb. 5, 2025, and Zillow Group internal data for rental unit turnover. 2. See Part I, Item 1 in our Annual Report on Form 10-K for the year ended Dec. 31, 2024, for further information on this calculation.",
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