Tag Archives: zillow

Opendoor co-founder slams Zillow, calls portal’s tech ‘horrible’

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Keith Rabois also said on Twitter Wednesday that he expects Zillow to suffer “even greater losses than they admit.” Continue reading →

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 exits iBuying: 5 things you should know

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Zillow announced Tuesday that it is exiting its iBuyer business, Zillow Offers. After racking up over $1 billion in losses over 3.5 years, Zillow is closing the business down, a move that has significant implications for the real estate industry. 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 →

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 →

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 →