Cooling rental market means more concessions for renters: Zillow

A 50-year high in multifamily building starts and completions has led to cooling rent growth and better leases for renters. In July, 33.2 percent of rentals on Zillow included concessions — a 23 percent increase from 2023. Continue reading

ICYMI at Inman Connect Las Vegas: Broker edition

Discover key brokerage takeaways from Inman Connect Las Vegas that will help you enhance you practices, leverage technology and navigate the evolving real estate landscape. Continue reading

Zillow Group names Jeremy Wacksman as new CEO

After five years back at the helm, Zillow Group co-founder Rich Barton steps down as CEO. Former COO Jeremy Wacksman takes the reins as the company charges past what Barton calls the “Portal 1.0” experience. Continue reading

Zillow Q2 revenue exceeds expectations, grows 13% to $572M

Better-than-expected residential segment results bolstered Seattle-based portal Zillow’s Q2 performance, which saw growing revenues and slimming losses as they zero in on creating a ‘fully-integrated’ homebuying experience. Continue reading

Zillow Gone Wild gets hit with $300K copyright infringement suit

A Washington listing photographer said Zillow Gone Wild used her photo without permission in February 2022. After attempting to negotiate a payment of roughly $30,000, she’s now suing for a maximum judgment of $300,000. Continue reading

Zillow finalizes lawsuit settlement with ARMLS, Metro MLS

Residential portal behemoth Zillow has settled its antitrust lawsuit against Arizona Regional Multiple Listing Service, Multiple Listing Service, Inc., over discontinuing its integration with ShowingTime+ in favor of MLS Aligned’s listing platform. Continue reading

How much is a typical luxury home? $750K in Buffalo, $5.3M in Cali

For about the last four years, home price growth in the overall market outpaced growth in the luxury sector every month. But since January 2024, that trend has reversed, Zillow reported. Continue reading

Zillow releases 24 state-compliant short-term touring agreements

Four months after releasing a first-of-its-kind short-term touring agreement, Zillow has released 24 state-compliant versions of the agreement exclusively for Premier Agent partners. Continue reading

Zillow CEO Barton: We’re moving beyond the ‘Portal 1.0’ experience

In his first Inman Connect appearance since 2021, Zillow CEO Rich Barton discussed accelerating tech innovation and the next evolution of the residential portal experience. Continue reading

Rival portal execs team up against a common foe: MLS red tape

Executives at Redfin and Zillow made the case at Inman Broker Connect that consumers would benefit from more universal standards of data sharing by MLSs. But the path to such a future is rocky, they said. Continue reading