Tag Archives: zillow

Opendoor’s losses doubled in Q4 as the iBuyer’s revenue fell 25%

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The dominant iBuyer lost nearly $400 million in the fourth quarter, according to an earnings call Thursday afternoon. That’s better than the previous quarter, but a big jump from the same period in 2021. Continue reading →

‘It’s gonna be an interesting spring’: Buyers, sellers seize on hot market

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Buyers are navigating a stable housing market and making well-informed offers while sellers are leaning into a low-inventory environment, according to new data and agents who spoke to Inman. Continue reading →

Inside Zillow’s far-reaching bid to jolt its mortgage business

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Even after ending its iBuyer program, Zillow remains bullish on mortgage. But first it has to totally reimagine its website, analysts and executives tell Intel. What could possibly go wrong? Continue reading →

Mark Wahlberg’s sweeping Beverly Hills mansion brings in $55M

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Mark Wahlberg and his wife, Rhea Durham, initially listed the 30,500-square-foot property for $87.5 million in April 2022 but dropped the ask by $8 million after it sat on the market for several months. Continue reading →

CoStar will not acquire portal Realtor.com after all

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Buying Realtor.com was viewed as a potential way for CoStar to take on Zillow. But CoStar CEO Andy Florance said Tuesday that his company would instead focus on its Homes.com business. Continue reading →

Despite slow market, CoStar sees revenue and profit rise in Q4

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The company’s revenue jumped 13 percent year over year between October and December. CEO Andy Florance also promised Tuesday to continue CoStar’s push into residential real estate. Continue reading →

Disparity in mortgage rates offered by lenders doubled in 2022: Study

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Homebuyers can potentially save $600 to $1,200 a year by applying for a mortgage with multiple lenders, according to research by Freddie Mac. Continue reading →

Nearly two-thirds of brokerage sites aren’t displaying commissions

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Consumer Federation of America: Despite an NAR rule change, only Redfin displays buyer-agent compensation in virtually all of the major cities examined. Continue reading →

‘My clients were flabbergasted’: Cool markets heat up ahead of spring

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Low inventory combined with pent-up homebuyers looking to make their dollars go further is already driving up competition this spring, real estate agents told Inman. Continue reading →