Tag Archives: technology

These venture capitalists predicted Zillow Offers’ demise

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Opendoor co-founder Keith Rabois and “The Big Short” investor Steve Eisman predicted the end of Zillow Offers as soon as it began. What did they see that others didn’t? Continue reading →

Zillow Offers collapse is proof of the Zestimate’s inaccuracy

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Bernice Ross has written about the inaccuracies of the Zestimate since it launched in 2006. Here, she outlines why Zillow’s decision to shut down its iBuying business is more than just a response to the extreme volatility of the Zestimate, but rather a… Continue reading →

Zillow stocks plunge as competing iBuyers hang steady amid chaos

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Thirty minutes into trading on Wednesday, Zillow Group’s stock was down about 16.6 percent to around $70.55 per share. Continue reading →

EXp Realty tallies sixth straight record-breaking quarter in Q3

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EXp World Holdings, parent company of eXp Realty, shared third-quarter 2021 earnings results Wednesday. The company raked in $1.1 billion in revenue as its agent count grew 82 percent. Continue reading →

The Zestimate comes back to bite: Reactions to the end of Zillow Offers

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Industry professionals and social media wags alike reacted to news on Tuesday that Zillow would shut down Zillow Offers, its iBuyer program. Many pointed to CEO Rich Barton’s statements on the difficulties of forecasting home prices and the company’s Z… Continue reading →

What should Zillow do with its homes after its iBuyer closes?

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On Tuesday, Zillow announced that it would shutter Zillow Offers, its embattled iBuyer program. With plans to unload 7,000 homes at an estimated $2.8 billion, Inman wants to know if there’s another way out. Continue reading →

Microsoft ups cloud capabilities for mortgage lenders

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Microsoft is bolstering its cloud capabilities with a new offering tailored to meeting the privacy, security and regulatory compliance needs of financial services companies. Continue reading →

Zillow sees revenue tick up as tension mounts over iBuyer fallout

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The popular portal raked in $1.7 billion during the third quarter of 2021, though it also lost $328 million — much of it from iBuying. Continue reading →

Tech takeaways from Inman Connect: Mortgage’s evolution, betting on iBuyers and more

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Technology was a central theme at Inman Connect Las Vegas, dominating conversations about indie brokerages, new mortgage providers, iBuying and more. Here’s what you need to know. Continue reading →