In a new interview on Thursday, Offerpad CEO Brian Bair explained where Zillow went wrong and his enduring faith in the iBuying business model
Catch up quickly on the most significant stories of the week, as determined by Inman readers. Here's this week's Inman Top 5
As pent-up travel demand and the ability to work remotely came to a head, the company's revenue increased 67% year over year and income surged 280% year over year
The company's services are now available to agents and brokerages in South Florida that want to receive their commissions up front
Zillow's ill-fated iBuying venture drew detractors online before the program collapsed. But as the company races to unload 18,000 homes, were they right about where it's headed?
News Corp CEO Robert Thomson and Realtor.com CEO David Doctorow tout the portal's robust growth as they see the window to take the top spot from Zillow
Expedia Group's CEO said the short-term rental platform was 'a particular highlight' that helped the company's strong performance during the quarter
Experts envision the company pivoting to the comparatively easier business of working with buyers after the failed experiment of scooping up homes from sellers
Opendoor Complete will let consumers track their transactions and coordinate both home sales and purchases from one location
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
The acquisition will grow Colorado-based West + Main Homes by more than 130 agents and is set to be finalized by the end of 2021
Fritz Frigan most recently worked as an executive vice president at the New York City-based brokerage Brown Harris Stevens
Thirty minutes into trading on Wednesday, Zillow Group's stock was down about 16.6 percent to around $70.55 per share
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
The new team members will be based in Toronto and will work on financial platforms and technology infrastructure