Tag Archives: ibuying

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 →

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 →

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 →

Opendoor plans to hire nearly 100 tech engineers in Canada

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The new team members will be based in Toronto and will work on financial platforms and technology infrastructure. Continue reading →

Keller Offers exec: iBuying is a golden opportunity for agents

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RJ Jones, head of Keller Offers, told Inman Connect Las Vegas that the increase in iBuyers and alternative transaction models are driving professionalism and give the industry a lot to look forward to. Continue reading →

Zillow’s iBuyer misstep will soon be ‘a distant memory’: Mike DelPrete

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Within the context of long-term industry disruption, Zillow’s loss may simply be an embarrassing detour on its inexorable march to transform real estate. Continue reading →

Inman Top 5: The biggest stories of the week Oct. 15-21, 2021

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Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories of the week, according to Inman website visitors. Continue reading →

‘This is definitely a red flag’: The Real Word on Zillow’s big pause

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In this edition of The Real Word, Bryon Lazine and Nicole White discuss Zillow’s latest move to pause homebuying, the client who shot his agent after buying a home sight unseen, and the agent who posed for listing photos in the buff. Continue reading →