Tag Archives: Zillow Offers

Opendoor plans to hire nearly 100 tech engineers in Canada

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The new team members will be based in Toronto and will work on financial platforms and technology infrastructure. Continue reading →

What to Watch for: Zillow’s Q3 2021 earnings results

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With Zillow Offers woes and souring public opinion at their backs, Zillow has a few headwinds heading into Q3 earnings on Tuesday. Here are four things to keep an eye on. Continue reading →

Zillow shooting for 7,000 home sales at $2.8B after iBuying pause: Report

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The news comes just weeks after the company announced a pause in its iBuying, and follows reports that it was underpricing homes in a number of cities. Continue reading →

As Zillow pumps brakes on buying, other stunned iBuyers forge ahead

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Zillow says it’s facing supply and labor constraints. But other iBuyers, who expressed surprise over Zillow’s abrupt pause, say they aren’t suffering from the same issues. Continue reading →

Zillow hits brakes on buying new homes for remainder of 2021

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Zillow said labor and supply issues in the market have created an “operational backlog for renovations and closings.” The pause will enable the company to catch up on its existing contracts. Continue reading →

Opendoor boosts homebuying power with $9B borrowing limit

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In a Securities and Exchange Commission filing on Oct. 4, Opendoor revealed it has entered into an amended mezzanine debt facility with a $3 billion limit. The amended mezzanine debt facility will bridge the gap between Opendoor’s debt and equity finan… Continue reading →

Redfin CEO, Zillow pour cold water on TikToker’s iBuyer theory

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A recent viral video suggested iBuyers could jack up the prices of homes. But one expert called the theory “fairly conspiratorial,” and iBuyers themselves said they still have a tiny share of the market. Continue reading →

Zillow rakes in $1.3B revenue in second quarter, but sees profits slip

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The company’s net income between April and June clocked in at $10 million — better than one year ago but short of the heights of the past two quarters. Continue reading →

IBuyer offers are clocking in at an average of 104% of market value

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Amid a highly competitive market in the first half of 2021, iBuyers began making more competitive offers and expanding the range of homes they were willing to purchase. Continue reading →

Connecting with Veronica Figueroa: Our new normal demands world-class service

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Ahead of Inman Connect, the eXp Realty team leader says agents have the chance to offer service that keeps clients coming back. Continue reading →