Tag Archives: rich barton

Zillow turns a profit in Q1 as housing market gets ‘choppy’

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The company reported soaring revenues in the first quarter of 2022 but also continued its Zillow Offers wind-down, which the company said has entered its final days. Continue reading →

Zillow adjusts Premier Agent pay plan with eye toward culling ranks

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The shift will take place in Denver and Raleigh, and will eventually see hundreds of agents removed from the lead generation program, Zillow executives told Inman on Wednesday Continue reading →

Real estate in 2021 was weird, wild and always unpredictable

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The year saw explosive rivalries, wild stock market performances and plenty of rage. Continue reading →

Zillow stock rebounds on news of stock buyback, iBuyer selloff

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Zillow’s stock bounced back to the highest level in a month as the portal announced a stock buyback plan and its speedy progress on sunsetting Zillow Offers. Continue reading →

Zillow close to unloading more than half of its iBuyer homes

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Real estate giant also announces $750 million stock buyback following the company’s stock price tumble after Zillow Offers shutdown. Continue reading →

Zillow after Zillow Offers: Here’s what happens next

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Experts envision the company pivoting to the comparatively easier business of working with buyers after the failed experiment of scooping up homes from sellers. Continue reading →

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 →

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 →