Zillow dived into iBuying after seeing it as an “existential threat,” the company’s newly reinstalled CEO said this week, and he anticipates major changes to its current practice of charging agents for a subscription to get leads. Continue reading
New home sales in the U.S. rose 3.7 percent in December, marking the third month of growth, according to the latest residential sales report from the Census Bureau and the Department of Housing and Urban Development (HUD). Continue reading
Home prices increased by only 4.4 percent year-over-year and 0.1 percent month-over-month, according to new data from CoreLogic. Continue reading
Nearly two-thirds of homeowners between the ages of 23 and 28 have some regret about their purchase, according to Bankrate. Continue reading
The number of homes sales in Southern California is dropping fast, according to the latest data from property analytics provider CoreLogic. Continue reading
Last week, Zillow announced a major strategic shift: Along with a new CEO, it made clear that its top focus is its Zillow Offers iBuyer business. Let’s talk about the highlights of that announcement. Continue reading
Residential housing starts fell a staggering 11.2 percent in December, according to a new residential sales report released by the U.S. Census Bureau. Continue reading
Like the Warren Buffett-Charlie Munger superhero partnership, Zillow founder Barton and his wingman Lloyd Frink run the show behind the Zillow curtain. Continue reading
Home prices rose 4.7 percent year-over-year in December, falling from 5.1 percent in November, according to the latest Case-Shiller Home Price Index. Continue reading
Friday’s rally is particularly notable because other than installing Rich Barton as CEO, the company appears to be largely staying the course it laid out in prior earnings calls — including doubling down on the very programs that had previously spooked… Continue reading