Opendoor rebounds with profitable Q2 despite steep revenue decline

The iBuying giant sold fewer homes and brought in less cash in Q2 2023 than it did during the same time in 2022, but it still managed to end up in the black to the tune of $23 million. Continue reading

Location! Location! Funding! Local Logic lands $13M in Series B round

The funds will go toward general operations and services expansion to help the space “better understand the impact of location,” according to a company announcement. Continue reading

Zillow sees losses rise in Q2 thanks to ‘tough’ market

The company lost $38 million between April and June, though it did see revenue tick up slightly. Zillow also described 2023 as “crucial,” in a newly published earnings report. Continue reading

‘Empowered with great products,’ Zillow acquires Aryeo

Aryeo offers an online platform for managing real estate marketing media, founded by a trio of real estate photographers and media creatives. It will fall under ShowingTime+, according to Zillow. Continue reading

Even CoStar doesn’t think it will unseat Zillow, DelPrete argues

For all its bluster, CoStar Group likely doesn’t think it can overthrow Zillow to become real estate’s top portal, Mike DelPrete tells Intel. Here’s what the commercial real estate giant is really after. Continue reading

Team of rivals: Zillow, Redfin unite to share new construction listings

New construction listings on Zillow will now automatically be syndicated to Redfin. The companies believe the partnership will extend the reach of the homebuilders’ listings while aiding consumers. Continue reading

An ‘entire neighborhood’ for sale? Let’s unpack that viral TikTok video

A 35-home listing on Zillow has prompted debate over displacement and institutional investment — and pushback over a TikToker’s claim that an ‘entire neighborhood’ was about to hit the market. Continue reading

LeadingRE Solutions Group grows by 1 more with Rechat selection

Leading Real Estate Companies of the World (LeadingRE) continues to extend the list of proptechs it recommends for its tens of thousands of agents, most recently adding Rechat, a comprehensive digital marketing and business management solution, the com… Continue reading

Arizona Realtors can stay hot with new DirectOffer partnership

This is the second such partnership the real estate technology company has secured lately, having also agreed to work with the Realtor Association of Metropolitan Pittsburg, DirectOffer said. Continue reading

Rental startup Piñata debuts new payments program

Piñata Pay lets tenants build credit and earn rewards, while also potentially streamlining the rent collection process for landlords. Continue reading