Tag Archives: Bloomberg

Zillow stock rebounds on news of stock buyback, iBuyer selloff

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Zillow’s stock bounced back to the highest level in a month as the portal announced a stock buyback plan and its speedy progress on sunsetting Zillow Offers. Continue reading →

Imagine a $28K fee for furniture. The reality for Berlin renters is ugly

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Two months after passing a referendum to control rents, Berliners are battling extreme leasing fees, which include thousands of dollars upfront for furniture, appliances and kitchen cabinets. Continue reading →

Multiple law firms investigating Zillow for potential securities fraud

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The investigations — which are relatively common after a company discloses very bad news — are a response to Zillow’s announcement that it will end its iBuying business. Continue reading →

Zillow shooting for 7,000 home sales at $2.8B after iBuying pause: Report

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The news comes just weeks after the company announced a pause in its iBuying, and follows reports that it was underpricing homes in a number of cities. Continue reading →

Zillow hits brakes on buying new homes for remainder of 2021

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Zillow said labor and supply issues in the market have created an “operational backlog for renovations and closings.” The pause will enable the company to catch up on its existing contracts. Continue reading →

Opendoor boosts homebuying power with $9B borrowing limit

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In a Securities and Exchange Commission filing on Oct. 4, Opendoor revealed it has entered into an amended mezzanine debt facility with a $3 billion limit. The amended mezzanine debt facility will bridge the gap between Opendoor’s debt and equity finan… Continue reading →

Blackstone shells out $6B to re-enter rental market

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Blackstone Group Inc. has reached a deal to acquire single-family rental home company Home Partners of America Inc. after a competitive bidding process. Continue reading →

A Hong Kong home is asking a whopping $2M in annual rent

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Wharf Holdings Ltd. is leasing out a property in its ultra-exclusive The Peak neighborhood for HK$1.35 million, or approximately $174,000 a month. Continue reading →

WeWork struggles to strike deal with landlords to reduce rent costs

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As the COVID-19 pandemic causes cancellations to spike, WeWork CEO Sandeep Mathrani is pitching a revenue-sharing deal to the company’s largest landlords. Continue reading →

Could coronavirus outbreak delay Airbnb’s initial public offering?

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Bloomberg reported that Airbnb considered beginning the IPO process as early as March. Will uncertainty on Wall Street hold back the short-term rental giant from going public? Continue reading →