Tag Archives: zillow

Opendoor can’t hang on to profitability as Q3 revenue craters

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The iBuyer saw revenue fall 71 percent year over year in the third quarter of 2023. The company also lost $106 million — a reversal from Q2’s net profit. Continue reading →

Will Q3 earnings keep real estate mired in a ‘Groundhog Day’ loop?

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Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it? Continue reading →

Redfin CEO: With commissions in peril ‘cooperation may crumble’

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Kelman said during virtual Inman Connect on Wednesday that pressure from the bombshell lawsuits and the Department of Justice may ultimately lead to “a different world” than the one that exists today. Continue reading →

DelPrete: How Zillow pressures its agent partners to plug mortgages

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Zillow is shoring up its Home Loans business by ratcheting up pressure on Flex agents, who refer clients to the mortgage arm or risk losing future leads, tech advisor Mike DelPrete writes. Continue reading →

Zillow acquires CRM Follow Up Boss, super app ‘mission’ ongoing

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Zillow has acquired Follow Up Boss, one of the industry’s more popular customer relationship management solutions. Continue reading →

Andy Florance: Zillow isn’t ready for post-commission portal revolution

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In the opening remarks of CoStar Group’s Q3 earnings call Tuesday, CEO Andy Florance revealed to investment analysts the company’s grand plan to make Homes.com the portal of the future. Continue reading →

CoStar posts 50th-straight quarter of revenue growth in Q3 earnings

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CoStar Group earned $625 million in Q3, clinching its 50th consecutive quarter of revenue gains. The company also highlighted a 1,290 percent annual growth in Homes.com traffic. Continue reading →

Traffic data is the weapon of choice as portal wars heat up ahead of Q3

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Ahead of Q3 earnings, Inman took a dive into the top five real estate portals’ traffic data. Zillow still leads the pack, but stiff competition has emerged from old — and new — industry entrants. Continue reading →

This season’s trendiest wedding registry gift? A brand new home

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The share of couples including “home funds” as part of their wedding registry has increased by 55 percent since 2018, according to a joint analysis released Thursday by Zillow and The Knot. Continue reading →