Premier Agent dips as Zillow hangs on to modest Q2 profit

Market headwinds pushed Zillow Q2 revenues down 23 percent to $1 billion. Despite the declines, Zillow is pushing forward with major initiatives including a new partnership with former rival Opendoor. Continue reading

Zillow and Opendoor team up to provide cash offers to consumers

The partnership pairs two of the most polarizing companies in the housing business, and comes less than a year after Zillow began ending its own iBuying efforts. Continue reading

iBuyer survey: Sellers will take $45,400 less to avoid traditional sale

Clever uncovered that 65 percent of homeowners asked, would consider selling their home to an iBuyer. Continue reading

Zillow set to debut AI-generated floor plans in bid to boost browsing

The tool leverages imagery captured by agents in its 3D Home app, with software that predicts measurements, calculates square footage and generates a layout. Continue reading

IBuyers, Power Buyers saw explosive growth in 2021. What about 2022?

Services promising a more streamlined, less painful transaction experience have become more popular and are likely to stick around, according to a new report released Tuesday from zavvie. Continue reading

Market shifts, rate hikes and why real estate stocks can’t get a break

As real estate enters what one observer called a “Wile E. Coyote” moment, real estate companies’ share prices continue to struggle amid market uncertainty. Continue reading

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

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

Realogy CEO Ryan Schneider: Make no mistake, ‘Zillow is a competitor’

Ryan Schneider said Zillow is competing with agents and lamented they’re still writing checks to the company. “It is a shame our industry let those companies get created,” Schneider said at ICNY. Continue reading

Zillow president says agents are essential, criticizes dual agency

Zillow President Susan Daimler on Tuesday praised the “essentialism” of real agents, while also subtly knocking rival CoStar. Continue reading