The iBuyer earned about $41 million in profit during the first three months of 2022, beating the results of its also-profitable run at the end of 2021, according to an Q1 earnings call on Wednesday. Continue reading
The commercial behemoth is ramping up spending by as much as $220 million, with “well over” 1,000 people overhauling its residential websites, CoStar CEO Andy Florance said during an earnings call Friday. Continue reading
The event wrapped up this week after a two-year, pandemic-forced hiatus — and highlighted all the ways the real estate industry is still evolving. Continue reading
The CEO-turned-proptech investor warns a government probe into cooperative compensation between agents could be a “black swan” event that benefits CoStar. Continue reading
London has become Pacaso’s first UK-based luxury home market, its second in Europe after launching its overseas operation in Marbella, Spain, in late 2021. Continue reading
Pacaso acquires luxury second homes under an LLC, then sells that LLC in shares, using an in-house developed app to coordinate usage, order maintenance when needed and generally oversee aspects of ownership. Continue reading
Sean Black asked Spencer Rascoff the question everyone is asking, namely, what this means for the future of iBuying, and, more importantly, for investment and innovation in real estate. Continue reading
Second home ownership platform Pacaso announced the acquisition of a home in the Monterey Bay market, a coastal, sought-after respite that boasts some of the nation’s most scenic communities, such as Pebble Beach and Carmel-by-the-Sea. Continue reading
Offerpad backer Spencer Rascoff thinks iBuying will survive without Zillow, but emerging companies need a better name for their services. Continue reading
What does the demise of Zillow Offers mean for investment and innovation in real estate? This is just one of many questions that will be discussed at Connect Now today. Watch a free preview now, then register to tune in live — plus, get all the replays… Continue reading