The Real Word: Zillow’s losing money, but not as much as before

Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, Zillow lost $2,916 on every home it sold in Q2, on average. But this is a small price to pay for what they are gaining. Continue reading

Redfin temporarily closes 4 offices after veiled threat

An ex-Redfin contractor allegedly made what the company called, “concerning comments,” last week, prompting the tech-focused Seattle brokerage to temporarily close four Bay Area offices. The brokerage is working with local enforcement to determine if t… Continue reading

KW copied former vendor’s tech, refused to pay: Lawsuit

TPI Cloud Hosting alleges Keller Williams agreed to pay $1.8 million to develop a consumer-facing app, but never paid, then used the technology to build its app in-house. Continue reading

National Association of Realtors asks judge to toss antitrust suits

A pair of lawsuits could upend how compensation works, but NAR believes the cases “are wrong on the facts, wrong on the economics and wrong on the law.” Continue reading

Offerpad to finance Keller Williams’ homebuying operation

Offerpad will provide the home buying capital behind Keller Offers in 12 markets, giving KW agents a chance to rep both sides of a sales transaction for the iBuyer. Continue reading

The top 5 takeaways from the real estate industry’s Q2 earnings

Zillow business shifts, Wall Street’s thoughts on profitability and a slow housing market were the biggest topics over the past two weeks. Continue reading

Better Homes and Gardens Real Estate expands SoCal presence

Better Homes and Gardens Real Estate is expanding its Southern California presence with a merger and a new affiliation, giving it 13 California-affiliated brokerages and more than 1,500 agents in the state. Continue reading

New $97M venture fund to focus on construction technology

Brick and Mortar Ventures, a firm that thinks of itself as the “Fifth Wall of construction,” announced Tuesday that it now has nearly $100 million to pour into high tech startups. Continue reading

After ‘ghost agent’ purge, Keller Williams’ agent count is growing

Following two straight quarters of North American agent count declines, KW added nearly 3,000 associates in the second quarter. Continue reading