Tag Archives: spencer rascoff

Spencer Rascoff: Housing demand ‘has fallen off a cliff’

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The former Zillow CEO said the rising cost of mortgages has cooled demand for homes, adding that he hopes in 2023 the Fed will be able to stop raising interest rates. Continue reading →

And now, Cabo. Pacaso heads south for luxury co-living opportunity

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The company will have two homes available for second homeowners. The first is a modern, hilltop property overlooking the Sea of Cortez on the peninsula’s eastern boundary, in the Puerto Los Cabos community. Continue reading →

Bezos-backed Arrived Homes glitches again as 6 sell in 8 minutes

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During the latest release of six rental properties, high demand from investors caused problems. But homes valued at more than $1.7 million sold in minutes. Continue reading →

Offerpad stays profitable for second quarter in a row

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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 →

CoStar eyes ‘ambitious’ investment in residential following banner Q1

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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 →

Inman Connect returns: Big parties, tech’s reckoning and a Zillow pile-on

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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 →

Former Zillow CEO Spencer Rascoff says CoStar is ‘rooting for chaos’

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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 Calling: Shares in Mayfair luxury penthouse now available from Pacaso

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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 shares now available for luxury home in Santa Barbara

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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 →

Zillow and Knock co-founders discuss what the collapse of Zillow Offers means for the future of real estate

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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 →