Tag Archives: rich barton

Zestimate will be a ‘live offer for every house,’ Zillow CEO says

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Zillow founder and CEO Rich Barton said Monday that in the future the home valuation Zestimate tool will double as an offer from his company to buy any house in the U.S. Continue reading →

Zillow will lend consumers money to buy homes

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In a statement, Zillow framed the new program as a way to beef up its online homebuying and re-selling program Zillow Offers (in which the company makes all-cash offers on homes to homeowners and prospective sellers) Continue reading →

New Zillow CEO saw iBuying as ‘existential threat,’ envisions changes to agent ad model

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Zillow dived into iBuying after seeing it as an “existential threat,” the company’s newly reinstalled CEO said this week, and he anticipates major changes to its current practice of charging agents for a subscription to get leads. Continue reading →

Why ignorance is the biggest problem in real estate

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Regular columnist Jay Thompson takes a look at earnings news — as well as the industry’s response — and why not really understanding the interworkings of businesses is a massive hurdle in real estate. Continue reading →

Zillow stock surges with new CEO announcement

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Friday’s rally is particularly notable because other than installing Rich Barton as CEO, the company appears to be largely staying the course it laid out in prior earnings calls — including doubling down on the very programs that had previously spooked… Continue reading →

Zillow thinks its iBuyer will dwarf Premier Agent soon

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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 →

Zillow stock on the rise as board members double down

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After nosediving following the release of its lower-than-expected third-quarter results, Zillow stock is on the rebound and two of its board members are doubling down on the Seattle-based real estate technology company.  Continue reading →