Zillow plans to purchase an average of 5,000 homes per month for all-cash from people around the country, and the company’s Homes division that oversees Zillow Offers will bring in expected annualized revenue of about $20 billion. Continue reading
Open Listings will cease using its own branding in Dallas this month and carry on under the banner of Opendoor, which became its parent company last fall. Continue reading
Glenn Kelman said most who receive offers from his company’s iBuyer program reject those offers, but he argued that the program still helps sell houses. Continue reading
Sold.com, which officially launches today, describes itself as an “educational resource” and “recommendation engine” for homesellers. Continue reading
In Phoenix and Las Vegas, Zillow appears to have tested the prioritization of its own listings above others on its website, according to an analysis by Inman. Continue reading
Merritt Hummer, a principal at Bain who spoke with Harris and during a second Inman Connect session Friday, also painted iBuyers as antagonists to consumers themselves. Continue reading
Instead of succumbing to the lure of the latest shiny object, real estate agents should focus their efforts on staying in touch with their clients, leading their teams, and generally building a meaningful community, according to Creig Northrop, CEO and… Continue reading
Knock CEO and co-founder Sean Black believes in 5-10 years more than 50 percent of sellers will be selling their homes to a company, rather than a person. Continue reading
Keller Williams will “probably” launch its own iBuyer program in the second quarter of 2019, Gary Keller confirmed during a multi-hour presentation of the company’s 2019 technology plans on Friday, January 11. In audio obtained by Inman, Keller said th… Continue reading
Atlanta-based iBuyer Knock has raised $400 million in its latest fundraising round, significantly upping the ante in the high-stakes world of quick turnover, cash-based home buying. The company announced the funding Tuesday, saying that it came in the … Continue reading