How serious are Zillow and Redfin about iBuying?

Zillow’s entry was in part a response to an existential threat to its business model, and much of the value it might derive is not from buying and selling houses at all, but rather by generating valuable seller leads. Which begs the question: How serio… Continue reading

Zillow Offers lands in Miami with future plans to buy condos

Zillow Offers is officially live in South Florida. Starting Monday, sellers in Fort Lauderdale, Miami and other parts of South Florida can get a free, all-cash offer from Zillow. Continue reading

Offerpad to finance Keller Williams’ homebuying operation

Offerpad will provide the home buying capital behind Keller Offers in 12 markets, giving KW agents a chance to rep both sides of a sales transaction for the iBuyer. Continue reading

The top 5 takeaways from the real estate industry’s Q2 earnings

Zillow business shifts, Wall Street’s thoughts on profitability and a slow housing market were the biggest topics over the past two weeks. Continue reading

Zillow is still losing money on every home it sells – but not as much as it was 6 months ago

Zillow lost, on average, $2,916 on each home it sold in the second quarter of 2019 after interest payments, earnings data shows. Continue reading

WATCH: Why iBuyers might not be public enemy #1 after all

The industry is so big that, even at a 5 percent market share, the presence of iBuyers will be small, NRT CEO Ryan Gorman told attendees at ICLV. Continue reading