Team of rivals: Zillow, Redfin unite to share new construction listings

New construction listings on Zillow will now automatically be syndicated to Redfin. The companies believe the partnership will extend the reach of the homebuilders’ listings while aiding consumers. Continue reading

Will the second quarter of 2023 match real estate’s Q1 meltdown?

Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they’re watching with Intel. Continue reading

Here’s how CoStar can beat Zillow and win the real estate portal wars

CoStar is already borrowing a page from other big insurgent companies including Nike, Apple and Pepsi. But whether it can surpass Zillow may depend on how much it spends, analysts told Intel. Continue reading

Offerpad executes 1-for-15 reverse stock split to head off delisting

The pioneering iBuyer hopes to bring its share price back above the New York Stock Exchange’s $1 minimum threshold. Continue reading

Zillow and Opendoor expand partnership to 11 new markets

The former rivals are now jointly providing cash offers to consumers in a total of 16 markets, most of them spread out across the Sunbelt. Continue reading

Zillow expands ‘post-pay’ Premier Agent model to 2 new markets

The expansion is part of Zillow’s “enhanced markets” program, which is now in six cities and part of the company’s efforts to eventually build a real estate “super app.” Continue reading

Zillow appoints new CFO amid push to build ‘housing super app’

Jeremy Hofmann has played a key role in the super app push so far and also oversaw Zillow’s acquisition of ShowingTime, the company said. Continue reading

Opendoor CEO Carrie Wheeler on Q1 earnings and the iBuyer’s future

The chief executive of the largest iBuyer spoke to Inman about Opendoor’s first-quarter earnings on Thursday — and expectations that the company is turning a corner after a rough 2022. Continue reading

Opendoor steers clear of epic 2022 losses in Q1, but revenue remains down

The iBuying giant saw revenue dip 39 percent year over year at the beginning of 2023, according to a Q1 earnings call Thursday. It also sold and bought fewer homes compared to the beginning of 2022. Continue reading

Zillow, Redfin go head-to-head with new ChatGPT plugins

The plugins will allow users to employ conversational language to ask the chatbot details about specific listings and the kinds of homes they seek to fine-tune their search results. Continue reading