Zillow's Samuelson: AI to create 'once in a 200 years' revolution
Zillow's Errol Samuelson compared the rise of AI to the invention of the steam engine and encouraged real estate professionals to stay vigilant when it comes to technology
by Jim Dalrymple II Aug 8
Can VC bring innovation to proptech? 'We have to'
A panel of VC investors at ICLV said funding had likely been delivered to new proptechs without enough diligence during the most recent bull cycle. Now is the time to get 'more prudent'
Realtor.com CEO: 'Zillow took that crown off us — and I want it back'
During Inman Connect on Tuesday, Damian Eales, Realtor.com's newly installed CEO, revealed the marching orders he's received from Rupert Murdoch as he aim to scale the top of the portal game
by Daniel Houston Aug 8
Sue Yannaccone: Real estate is at the middle of multiple crossroads
Yannaccone, the president and CEO of Anywhere Brands, also argued at Inman Connect Las Vegas that her company is well-positioned to thrive as the housing industry evolves
by Jim Dalrymple II Aug 8
Plunk unveils Plunk Pro for up-to-the-minute housing market data
Plunk Pro offers investors, advisors and analysts access to real-time information on the housing market, the AI-powered home valuation and analytics company announced Tuesday
by Craig C. Rowe Aug 8
Christie's International Real Estate and tech company Modwell partner
The agreement provides 50 of Christie's International Real Estate's Masters Circle agents access to Modwell's proprietary tech design platform to assist homebuyers in seeing a home's potential
CINC rolls out 'Guaranteed Sales Program' to help agents and teams
The customer relationship management platform vowed 'a path to six-figure earnings within 24 months' for real estate agents and teams who follow the program from beginning to end
by Craig C. Rowe Aug 7
Fewer transactions result in falling profits for eXp World Holdings in Q2
EXp's revenue fell 13 percent from the second quarter of 2022 to $1.2B, and its gross profit decreased 10% to $96.5M, according to a Q2 earnings call Thursday afternoon
by Ben Verde Aug 4
Redfin narrows losses amid rough Q2 as it braces for more turbulence
Redfin's Q2 revenue declined 21% year over year to $275.6M, as gross profits from its real estate services took a tumble amid a harsh housing market, according to an earnings call Thursday
by Marian McPherson Aug 3
Opendoor rebounds with profitable Q2 despite steep revenue decline
The iBuyer sold fewer homes and brought in less cash than it did during the same period in 2022, but it still managed to land in the black to the tune of $23M, according to Q2 earnings on Thursday
by Jim Dalrymple II Aug 3
Location! Location! Funding! Local Logic lands $13M in Series B round
'With an increasingly complex real estate market, our proprietary insights have become crucial in understanding location's impact on ROI' - Local Logic's Vincent-Charles Hodder
by Craig C. Rowe Aug 2
Zillow sees losses rise in Q2 thanks to 'tough' market
The company lost $38M between April and June, though it did see revenue tick up slightly. Zillow also described 2023 as 'crucial,' in a newly published earnings report
by Jim Dalrymple II Aug 2
'Empowered with great products,' Zillow acquires Aryeo
Aryeo offers an online platform for managing real estate marketing media, founded by a trio of real estate photographers and media creatives. It will fall under ShowingTime+, Zillow said
by Craig C. Rowe Aug 2
Even CoStar doesn't think it will unseat Zillow, DelPrete argues
For all its bluster, CoStar Group likely doesn't think it can overthrow Zillow to become real estate's top portal, Mike DelPrete tells Intel. Here's what the commercial real estate giant is really after
by Daniel Houston Aug 2
Team of rivals: Zillow, Redfin unite to share new construction listings
New construction listings on Zillow will now automatically be syndicated to Redfin. The companies believe the partnership will extend the reach of the homebuilders' listings while aiding consumers
by Jim Dalrymple II Aug 2
An 'entire neighborhood' for sale? Let's unpack that viral TikTok video
A 35-home listing on Zillow has prompted debate over displacement and institutional investment — and pushback over a TikToker's claim that an 'entire neighborhood' was about to hit the market
by Jim Dalrymple II Aug 2