The brokerage and portal company raked in $540M between July and September, and saw its losses improve
Experts envision the company pivoting to the comparatively easier business of working with buyers after the failed experiment of scooping up homes from sellers
Opinion
Industry veteran Bernice Ross argues that a business model in which a brokerage makes the majority of its profits from ancillary services like mortgage and title is not sustainable in the long run
Opendoor Complete will let consumers track their transactions and coordinate both home sales and purchases from one location
Keith Rabois also said on Twitter Wednesday that he expects Zillow to suffer 'even greater losses than they admit'
At Inman Connect Las Vegas, Knock revealed a new slogan, 'In agents we trust'
Opendoor co-founder Keith Rabois and 'The Big Short' investor Steve Eisman predicted the end of Zillow Offers as soon as it began. What did they see that others didn't?
Opinion
Zillow’s decision to shut down its iBuying business is more than just a response to the volatility of the Zestimate, but rather an indication that technology can't solve everything
Thirty minutes into trading on Wednesday, Zillow Group's stock was down about 16.6 percent to around $70.55 per share
Opinion
Access to too much capital often blurs good real estate investor judgment. Over-leveraged investors can easily lose everything
EXp World Holdings, parent company of eXp Realty, shared third-quarter 2021 earnings results Wednesday. The company raked in $1.1B in revenue as its agent count grew 82%
Industry professionals and social media wags alike reacted to news on Tuesday that Zillow would shut down Zillow Offers, its iBuyer program. Many pointed to CEO Rich Barton's statements on the difficulties of forecasting home prices and the company's Zestimate tool
On Tuesday, Zillow announced that it would shutter Zillow Offers. With plans to unload 7,000 homes at an estimated $2.8B, Inman wants to know if there's another solution
Mortgage365 and Finastra are on board for the launch of Microsoft Cloud for Financial Services
The popular portal raked in $1.7B during the third quarter of 2021, though it also lost $328M — much of it from iBuying
Technology themes at Connect were dominated by a new wave of mortgage providers changing the way buyers enter homebuying, brokers' mixed agreement on how to deliver technology to agents and how iBuying is opening new ways to advise clients