Tag Archives: rich barton

Zillow and Opendoor expand partnership to 11 new markets

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

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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 →

Zillow begins ‘critical’ year with mounting losses, falling Q1 revenue

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Zillow brought in $469 million in revenue, according to an earnings call Wednesday, falling 13 percent from the $536 million it brought in a year earlier during a period that preceded the rate hikes and sluggish sales. Continue reading →

REX gets OK to question Zillow CEO Rich Barton in antitrust suit

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Judge Thomas Zilly denied Zillow’s motion for a protective order, saying CEO Rich Barton must complete three hours of questioning from REX’s counsel about the company’s “Project Bookshelf.” Continue reading →

As iBuyers struggle, agents rethink relationships with cash-offer kings

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IBuyers like Opendoor and Offerpad once appeared poised to be an essential player in the nation’s biggest housing markets. Now, real estate agents say their role has diminished dramatically. Continue reading →

Will migration fizzle out in 2023? History points to existential shift

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The migration trends that drove housing demand during the pandemic are ending. But that doesn’t mean people aren’t moving, according to an Inman analysis of historic data. Continue reading →

Zillow CEO Rich Barton: ‘The real pain is probably coming’

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Zillow — which held $3.4 billion in cash and investments at the end of 2022 — is well prepared to weather any storm, including the banking fallout, Barton said in a new interview on Thursday. Continue reading →

Despite slow market, CoStar sees revenue and profit rise in Q4

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The company’s revenue jumped 13 percent year over year between October and December. CEO Andy Florance also promised Tuesday to continue CoStar’s push into residential real estate. Continue reading →

Zillow sees revenue dip in Q4, but manages to trim losses

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The portal giant brought in $435 million in revenue during the fourth quarter of last year and lost $72 million, according to 4Q22 earnings released Wednesday afternoon. Continue reading →

Freed from iBuying, Zillow wants more from its mortgage arm in 2023

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To outside analysts, it appears Zillow got out of iBuying just in time. Now the company is looking ahead to a post-downturn world. Here are the biggest challenges Zillow will face in 2023. Continue reading →