Inside Zillow’s far-reaching bid to jolt its mortgage business

Even after ending its iBuyer program, Zillow remains bullish on mortgage. But first it has to totally reimagine its website, analysts and executives tell Intel. What could possibly go wrong? Continue reading

Mark Wahlberg’s sweeping Beverly Hills mansion brings in $55M

Mark Wahlberg and his wife, Rhea Durham, initially listed the 30,500-square-foot property for $87.5 million in April 2022 but dropped the ask by $8 million after it sat on the market for several months. Continue reading

CoStar will not acquire portal Realtor.com after all

Buying Realtor.com was viewed as a potential way for CoStar to take on Zillow. But CoStar CEO Andy Florance said Tuesday that his company would instead focus on its Homes.com business. Continue reading

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

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

Disparity in mortgage rates offered by lenders doubled in 2022: Study

Homebuyers can potentially save $600 to $1,200 a year by applying for a mortgage with multiple lenders, according to research by Freddie Mac. Continue reading

Nearly two-thirds of brokerage sites aren’t displaying commissions

Consumer Federation of America: Despite an NAR rule change, only Redfin displays buyer-agent compensation in virtually all of the major cities examined. Continue reading

‘My clients were flabbergasted’: Cool markets heat up ahead of spring

Low inventory combined with pent-up homebuyers looking to make their dollars go further is already driving up competition this spring, real estate agents told Inman. Continue reading

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

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

Ex-rivals Opendoor and Zillow debut new partnership in Atlanta, Raleigh

Homeowners in Raleigh and Atlanta can ask for a cash offer from Opendoor and get an estimate from Zillow about what their home might sell for on the open market. Continue reading

Cost cutting and existentialism: What to expect from earnings

Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive. Continue reading