Zillow rakes in $1.3B revenue in second quarter, but sees profits slip

The company’s net income between April and June clocked in at $10 million — better than one year ago but short of the heights of the past two quarters. Continue reading

Inman Review: About Time Tours puts the mobile in managing homebuyer tours

About Time Tours is a mobile app for Android and iPhone that helps real estate agents manage home property tours and buyer interest. Continue reading

Dallas ‘mansion’ with no bedrooms, windows mocked on social media

While the house appears to be a typical mansion, the inside drew attention on social media for its bunker-like layout: “That’s where they brought Jason Bourne during his flashbacks.” Continue reading

IBuyer offers are clocking in at an average of 104% of market value

Amid a highly competitive market in the first half of 2021, iBuyers began making more competitive offers and expanding the range of homes they were willing to purchase. Continue reading

3D tour giant Matterport makes its stock market debut

The company will begin selling shares via a SPAC merger at a moment when interest in 3D tours is surging — and when more competitors are inching onto Matterport’s turf. Continue reading

Median existing-home price sails to record high

The median existing-home sales price rose 23.4% year over year, propelling the median price to $363,300, the highest on record, according to the National Association of Realtors. Continue reading

Toronto iBuyer raises $44M with help from Spencer Rascoff, Eric Wu

Properly is a tech-based real estate brokerage in Canada with a model similar to U.S. iBuyers like OpenDoor and Zillow Offers. Continue reading

Zillow, NAR formed ‘group boycott’ to enforce commission rule: REX

On Monday, REX alleged that the National Association of Realtors and Zillow use NAR’s segregation rule to hinder competitors who don’t comply with NAR’s commission rule. Continue reading