Tag Archives: RedfinNow

Zillow raced to catch up with Opendoor in a secret initiative called ‘Project Ketchup’: Report

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Zillow may have damaged relationships with repair contractors in its race to gain market share from rival iBuyers, Business Insider reports. 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 →

Opendoor boosts homebuying power with $9B borrowing limit

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In a Securities and Exchange Commission filing on Oct. 4, Opendoor revealed it has entered into an amended mezzanine debt facility with a $3 billion limit. The amended mezzanine debt facility will bridge the gap between Opendoor’s debt and equity finan… Continue reading →

IBuyers on track to have record-setting sales in Q3

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A new report from Zillow found that the nation’s four largest iBuyers reached a 1 percent market share in the second quarter of 2021, setting the stage for record-breaking sales in Q3. Continue reading →

Redfin extends iBuyer service into select areas in Atlanta, Nashville

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With these latest moves, the Seattle-based brokerage is now offering instant cash offers to sellers in 27 markets throughout the country. Continue reading →

RedfinNow becomes first major iBuyer to launch in Chicago

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The expansion follows RedfinNow’s recent moves into other northeastern markets, including Baltimore, Washington, D.C., and Boston. Continue reading →

RedfinNow launches in Tucson, Ariz., resumes service in Las Vegas

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Redfin has launched its iBuyer services in Tucson, Arizona, and restarted service in parts of Las Vegas, according to an announcement on Tuesday. RedfinNow now operates in 22 markets nationwide. Continue reading →