Traditional models shouldn’t be fully counted out, but they need to change, according to John Campbell. He’s downgraded Realogy’s target share price from $16 per share to $8 per share and lowered RE/MAX’s target stock price from $45 per share to $37 pe… Continue reading
Zillow Offers, the direct-to-consumer home buying and selling offering from real estate tech giant Zillow, is officially live in Orlando, Florida today. Continue reading
Offerpad, the Arizona-based online fast homebuying and re-selling company, announced Wednesday that it has hired Bryan LaFranchi to lead its program in which homesellers can get all cash for their old properties and put the money toward the purchase of… Continue reading
Texas-based brokerage JP & Associates Realtors announced Tuesday it has teamed up with a tech company to launch an agent-centric cash offer program. Continue reading
Colorado-based real estate brokerage 8z Real Estate is the latest to offer a direct-to-consumer home buying and selling platform, known as an “iBuyer.” Continue reading
Keller Williams will launch an iBuying program next month in Texas, and plans to expand that program to as many as eight metro areas by the end of the year. Continue reading
It’s been a year since Zillow’s ambitious undertaking to buy and sell homes to consumers with quick-close, all-cash offers under the “iBuying” model. Continue reading
ZORC — Zillow, Opendoor, Redfin and Compass — are shaping up to be the future proptech real estate titans. Where Keller Williams, Realogy and RE/MAX fit in is still up for grabs. Continue reading
The iBuyers are going to improve their algorithms. They’re going to push their prices closer to market rates. And they’re going to get better and better as they eat up more of the real estate industry. Continue reading
Between Zillow’s powerful grasp over the start of the consumer homebuying journey and the relative ease of instant online offers, it’s no question that the listing powerhouse can dominate this new frontier of buying and selling. Continue reading