Zillow to acquire ShowingTime for $500M
The company plans to continue to operate ShowingTime as an open platform for all real estate agents, not just those who partner with Zillow
by Patrick Kearns Feb 10
Zillow posts its most profitable quarter in company history
As Zillow's iBuyer profits clocked in at $27M in the fourth quarter, it's the Premier Agent business that sent Zillow to record-setting highs
by Patrick Kearns Feb 10
Investing platform PeerStreet launches new diversity program
The Evolving Neighborhood Uplift Fund is designed to provide funding for would-be entrepreneurs in traditionally underserved communities
by Jim Dalrymple II Feb 10
New program aims to increase number of Black real estate agents
HomeLight and the National Association of Real Estate Brokers have partnered to launch a new initiative that will provide financial resources and a year of mentorship and training for aspiring Black agents
by Marian McPherson Feb 9
Real estate mogul Grant Cardone to team up with eXp Realty
Though it remains unclear what Cardone will be doing with eXp Realty, he did recently promise to add "nitro" to the brokerage's already successful strategy
by Jim Dalrymple II Feb 8
Redfin to display buyer's agent commissions in 65 markets
Redfin's brokerage website and mobile application will soon display the amount of compensation being offered to buyers' agents on more than 700,000 listings
by Patrick Kearns Feb 8
Leaky pipes and stalled elevators: Living a life of luxury at 432 Park
A new report reveals an array of problems in the 88-floor skyscraper dubbed '432 Park Avenue,' prompting a discussion about wealth and how construction influences supply
by Jim Dalrymple II Feb 5
CoreLogic acquired by Stone Point Capital, Insight Partners for $6B
CoStar Group, which has made a significant move into the residential real estate space, had also reportedly been attempting to acquire CoreLogic and was one of the final bidders
by Patrick Kearns Feb 4
Knock adds Airbnb executive to its board of directors
Vijaya Kaza, Airbnb's chief security officer and head of engineering and data science for trust and safety, will help Knock scale its Home Swap service
by Marian McPherson Feb 4
Opendoor's revenue plunged nearly 50% in 2020, according to SEC filing
The newly public company revealed in US Securities and Exchange Commission filings Tuesday that it expects to report $2.58B in revenue in 2020, down from the $4.7B in 2019
by Patrick Kearns Feb 3
Triplemint expands into Westchester with top Douglas Elliman team
The five-person Berkowitz Marrone Team closed more than $60M in sales in 2020
by Patrick Kearns Feb 3
Realogy continues to tap into the market to reduce debt
The real estate holding company has been using the economic conditions created by COVID to shed its label as an over-leveraged company
by Patrick Kearns Feb 2
Rent-to-own startup Divvy scores $110M in latest funding round
The company plans to use the new capital to expand into new markets and launch additional products to create an end-to-end homebuying experience
Zillow foe to stop publishing short reports following GameStop fiasco
Citron Research spent years attacking Zillow before becoming bullish on the real estate tech company in 2019
by Patrick Kearns Feb 1
How real estate is taming the chaos of agent health insurance
Most agents are independent contractors, meaning they don't automatically get health coverage from jobs. But recent years have seen a variety of options cropping up to solve that issue
by Jim Dalrymple II Feb 1
RE/MAX starts displaying buyers' agent commission on listings
The move comes in the wake of the agreement between NAR and DOJ concerning Realtor competition
by Patrick Kearns Jan 29