The SALT deduction: What to know and how it could change

Congress could repeal the current cap on state and local tax deductions, a move that the Committee for a Responsible Federal Budget said would benefit wealthy homeowners rather than the typical middle-income family. Continue reading

Zillow exits iBuying: 5 things you should know

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

Thirty minutes into trading on Wednesday, Zillow Group’s stock was down about 16.6 percent to around $70.55 per share. Continue reading

EXp Realty tallies sixth straight record-breaking quarter in Q3

EXp World Holdings, parent company of eXp Realty, shared third-quarter 2021 earnings results Wednesday. The company raked in $1.1 billion in revenue as its agent count grew 82 percent. Continue reading

The Zestimate comes back to bite: Reactions to the end of Zillow Offers

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