In 2018, Zillow set itself lofty goals when it entered the mortgage business. Three years later, Zillow’s actual performance is far, far below its predictions, which highlights how difficult the mortgage space is, not just for Zillow, but also for ever… Continue reading
The former Zillow CEO touched on iBuying, real estate companies going public and “global asset inflation” during a discussion at Connect Now. Continue reading
Right now, the housing market has a slew of uninvited guests in one of the worst housing shortages in the history of America. Continue reading
Zillow’s latest report revealed what pushed Americans to move during the pandemic and which markets experienced the largest inflow of new homebuyers. Continue reading
The iBuyer is offering homeowners contact-free selling in Dallas-Fort Worth and Atlanta, as well as Charlotte, North Carolina; Nashville, Tennessee; and Tucson, Arizona. Continue reading
Opendoor announced it’s laying off 35 percent of its workforce. The move, designed to give Opendoor more runway, increases its chances of survival, but it comes at a competitive cost. Continue reading
The president of a 200-agent boutique brokerage in Atlanta developed a solution for helping agents educate clients on the rise of iBuyers. Continue reading
Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, they discuss delayed mortgage payments and iBuyers’ decision to suspend instant offers. Continue reading
Rich Barton laid out plans to cut 25 percent of quarterly expenses by pausing hiring, cutting marketing, halting homebuying and reducing discretionary spending. Continue reading
Zillow CEO Rich Barton cited safety concerns and said the company plans to fully resume iBuying once health concerns pass. Continue reading