Home prices see double-digit price surge across almost 80% of metros in Q3: NAR

The median sales price of single-family existing homes increased in 99 percent of the 183 markets measured by the National Association of Realtors, while 78 percent of markets saw double-digit price gains. Continue reading

Zillow offloads 2,000 homes to New York City investment firm: Report

Pretium Partners has agreed to buy some of Zillow’s homes as the listings portal exits the iBuyer business, The Wall Street Journal reports. Continue reading

What to expect as Compass, Opendoor, Offerpad and Keller Williams release earnings today

How will Opendoor and Offerpad respond to Zillow bowing out of iBuying? How is Compass faring as a fledgling public company? And is Keller Williams nearing an IPO? Continue reading

Douglas Elliman to go public in spinoff from Vector Group

If approved by the FTC and Vector Group’s board, Douglas Elliman’s shares would trade under the ticker “DOUG” on the New York Stock Exchange. Continue reading

Team-oriented Shaker collects $2M in seed funding after strong Q3

Real estate transaction and communications technology company Shaker announced in a press release the closing of a seed round of financing in the amount of $2 million. Continue reading

Workforce co-living startup PadSplit hauls in $20.5M

PadSplit, an Atlanta-based housing model that formalizes workforce co-living in single-family homes, has secured $20.5 million in Series B financing with backing in part from Mark Cuban Companies and Citi. Continue reading

Bienvenida! Pacaso enters luxury second-home market in Spain

Aspiring owners in Marbella, Spain can now take advantage of the unique ownership model devised by co-founders Austin Allison, who developed dotloop and sold it to Zillow, and former Zillow CEO, Spencer Rascoff. Continue reading

Opendoor acquires digital mortgage company

San Francisco-based RedDoor has developed a quick pre-approval process for consumers and will see its products integrated into the iBuyer’s lending services. Continue reading

Airbnb revenue and income hit an all-time high in Q3

As pent-up travel demand and the ability to work remotely came to a head, the company’s revenue increased 67 percent year over year, and income surged 280 percent year over year. Continue reading