The coverage of Zillow’s latest results is fantastically uninspiring. Lots of big numbers, devoid of context. But when the dots are connected they reveal a rich story about the business’s evolution to Zillow 2.0. Continue reading
Attempting to directly compete with market-leading real estate portals is an incredibly difficult proposition — with success unlikely. The smart challengers understand this game and how it’s played, not trying to overtake the leaders, but instead build… Continue reading
The iBuyers are down but not out. Recovery continues at pace, and the business model is undoubtedly here to stay, but not without its recovery challenges. Continue reading
Over the past three years, the largest iBuyers — Opendoor, Zillow and Offerpad — have spent over $200 million advertising directly to consumers. That spend peaked in 2019 before slowing during the pandemic. Historically and today, Opendoor appears to b… Continue reading
With 2020 firmly behind us, the world’s two largest iBuyers have released their full financial results for the year. Here’s a direct financial comparison of iBuyers Zillow versus Opendoor and an individual look at the key points of difference from 2019… Continue reading
Despite their staggering financial losses, the evidence suggests that Zillow and Opendoor remain staunchly pro-consumer. Continue reading
Real estate tech strategist Mike DelPrete explains pre and post shelter-in-place market trends and how real estate agents can prepare for the future. Continue reading
The latest U.S. market data shines a light on what the dip and recovery will look like — a checkmark shape — with an immediate drop, three to four weeks at the bottom and a slow recovery period. Continue reading
Opendoor announced it’s laying off 35 percent of its workforce. The move, designed to give Opendoor more runway, increases its chances of survival, but it comes at a competitive cost. Continue reading
Several of the earliest hit U.S. markets, with the exception of New York City, have seen an uptick in new listing volumes over the past week. There is a hopeful possibility that activity has “bottomed out” and has started to slowly recover in those mar… Continue reading