Tag Archives: Zillow Offers

Zillow close to unloading more than half of its iBuyer homes

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Real estate giant also announces $750 million stock buyback following the company’s stock price tumble after Zillow Offers shutdown. Continue reading →

Zillow cancels 400 Zillow Offers contracts due to closing restraints

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Hundreds of sellers awaiting new builds will have to sell their homes another way after Zillow canceled contracts for closings set for late 2022 through its defunct iBuyer, Zillow Offers. Continue reading →

Zillow Offers’ demise ‘attributable to internal factors,’ report claims

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Zavvie has found that both iBuyers and power buyers are seeing explosive growth — suggesting Zillow’s recent moves don’t reflect weakness in the iBuying concept. Continue reading →

The case for reinvention: Why agents should always be adapting

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The shuttering of Zillow Offers is a good lesson in reinvention for all agents. As consumer expectations change, real estate professionals need to adapt and create something that adds value to stay ahead of the competition. Continue reading →

‘IBuyers have never been bigger’: Mike DelPrete

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The situation will certainly change with Zillow exiting the market and seasonality kicking in during Q4 2021. But for the time being, iBuyers have never been bigger, and Opendoor is now left as the undisputed category leader. Continue reading →

Homeward kicks off 20-market expansion effort in Phoenix

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Six months after securing its most significant funding round yet, cash-offer startup Homeward is aiming to raise the bar once again with the launch of 20 new markets before the end of 2022. Continue reading →

Multiple law firms investigating Zillow for potential securities fraud

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The investigations — which are relatively common after a company discloses very bad news — are a response to Zillow’s announcement that it will end its iBuying business. Continue reading →

Seasonality is back, iBuying is alive, and other big earnings takeaways

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This week saw a flood of real estate company earnings reports. Overall, they indicate the market is well-positioned and maybe returning to some semblance of normalcy. Continue reading →

Offerpad sees surging growth in Q3 across revenue, profits, homes sold

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The company’s CEO Brian Bair was able to offer shareholders reassurance in the wake of Zillow’s iBuying flop by providing hard data to show that Offerpad’s business model is working. Continue reading →

EXp founder Glenn Sanford: ‘Zillow turned their tail and ran’

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Glenn Sanford made the comment while on stage at EXPCON about a week after Zillow revealed plans to abandon iBuying. Continue reading →