Tag Archives: spencer rascoff

Pacaso is now offering shares in homes for as little as $130K

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The new price point marks a strategy shift for the company, which buys homes in vacation markets, converts them into LLCs and sells shares to up to eight buyers. Continue reading →

Pacaso, Serena & Lily offer luxury listing along Florida’s ’30A’

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Second home solution Pacaso has shares available in a new luxury six-bedroom home along Florida’s sought-after 30A corridor. Continue reading →

Zillow’s Spencer Rascoff launches AI personal assistant heyLibby

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The latest product of Spencer Rascoff’s 75 & Sunny Labs, heyLibby takes care of engaging and tracking leads for business owners. The free platform takes less than five minutes to set up, the company said. Continue reading →

Property investing is so hard, even Spencer Rascoff steers clear of it

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The co-founder of Zillow and Pacaso just isn’t that into traditional real estate — at least as an income-generating investment, he told Arrived CEO Ryan Frazier in a recent interview. Continue reading →

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

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

Spencer Rascoff: Zillow won by focusing on consumers

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The portal’s co-founder and former CEO also said that Zillow’s impact includes creating tens of thousands of new “super agents.” Continue reading →

Newport Beach officially calls Pacaso a dirty word: ‘Timeshare’

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The California coastal town of 85,000 voted unanimously to relegate co-owned homes — like those sold by Pacaso and Ember — to areas that typically don’t have luxury homes in them. Continue reading →

Zillow settles shareholder lawsuit over co-marketing program

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Zillow has maintained its agent-lender co-marketing program is RESPA compliant, and admitted no wrongdoing while agreeing to pay $15 million, which was granted preliminary approval Monday Continue reading →

Proptech has reached an inflection point. So, like, what happens now?

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Disruptive sales models, lead aggregators and search products have transformed proptech into a true marketplace while freeing venture capitalists up to become more than mere power brokers. Continue reading →

Offerpad buys more time with $90M raise as end of runway approaches

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Private placement with existing investors including CEO Brian Bair extends the company’s cash burn runway by six months to a year, KBW analysts say. Continue reading →