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
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
The move should take several quarters and will also result in Zillow reducing its workforce by approximately 25 percent. Continue reading
The new team members will be based in Toronto and will work on financial platforms and technology infrastructure. Continue reading
With Zillow Offers woes and souring public opinion at their backs, Zillow has a few headwinds heading into Q3 earnings on Tuesday. Here are four things to keep an eye on. Continue reading
The news comes just weeks after the company announced a pause in its iBuying, and follows reports that it was underpricing homes in a number of cities. Continue reading
This year’s highlights included the escalation of a Zillow-CoStar cold war, warnings that the market could turn and countless tips for agents who want to thrive in any kind of market. Continue reading
Onstage at Inman Connect Las Vegas, executives from multiple MLSs discussed how Zillow’s purchase of ShowingTime upended relationships nationwide and advocated for choice when it comes to showing technologies. Continue reading
“Dear Zillow, it’s not me, it’s you,” writes agent Meg Jones Mullin. Here’s why she cut back 80 percent of her $5,000-a-month Zillow lead spend. Continue reading
The top executive at realtor.com’s parent company said agents remain essential customers for listing portals, even as companies offer services to buyers and sellers. Continue reading