Multiple law firms investigating Zillow for potential securities fraud

The investigations — which are relatively common after a company discloses very bad news — are a response to Zillow’s announcement that it will end its iBuying business. Continue reading

RE/MAX urges NAR to reject listing attribution proposal entirely

The real estate franchisor says giving the listing brokerage equal billing would cause consumer confusion. Continue reading

Tennessee MLS Realtracs debuts new showing service

Realtracs Showings comes amid an ongoing race to build alternatives to ShowingTime, which Zillow acquired earlier this year. Continue reading

Seasonality is back, iBuying is alive, and other big earnings takeaways

This week saw a flood of real estate company earnings reports. Overall, they indicate the market is well-positioned and maybe returning to some semblance of normalcy. Continue reading

Offerpad sees surging growth in Q3 across revenue, profits, homes sold

The company’s CEO Brian Bair was able to offer shareholders reassurance in the wake of Zillow’s iBuying flop by providing hard data to show that Offerpad’s business model is working. Continue reading

Compass sees both revenue and losses rise in 3rd quarter

The brokerage brought in $1.74 billion between July and September, but also lost $100 million — way up from both last year and one quarter earlier. Continue reading

EXp founder Glenn Sanford: ‘Zillow turned their tail and ran’

Glenn Sanford made the comment while on stage at EXPCON about a week after Zillow revealed plans to abandon iBuying. Continue reading

Zillow offloads 2,000 homes to New York City investment firm: Report

Pretium Partners has agreed to buy some of Zillow’s homes as the listings portal exits the iBuyer business, The Wall Street Journal reports. Continue reading

EXp Realty CEO Jason Gesing on why eXp is growing so rapidly

EXp CEO Jason Gesing also told Inman that franchising may see waning popularity, while iBuying is likely to remain a niche offering. Continue reading