Zillow was outsmarted by the market
Opinion
Access to too much capital often blurs good real estate investor judgment. Over-leveraged investors can easily lose everything
by Brad Inman Nov 3
Zillow sees revenue tick up as tension mounts over iBuyer fallout
The popular portal raked in $1.7B during the third quarter of 2021, though it also lost $328M — much of it from iBuying
by Jim Dalrymple II Nov 2
Zillow to shut down iBuying program Zillow Offers
The move should take several quarters and will also result in Zillow reducing its workforce by about 25 percent
by Jim Dalrymple II Nov 2
Opendoor plans to hire nearly 100 tech engineers in Canada
The new team members will be based in Toronto and will work on financial platforms and technology infrastructure
by Jim Dalrymple II Nov 2
Redfin CEO Glenn Kelman 'skeptical' about iBuyer growth
Glenn Kelman said Wednesday at Inman Connect that many agents expect iBuyers to grow. He isn't so convinced, but does see disintermediation as a real issue
by Jim Dalrymple II Oct 27
Keller Offers exec: iBuying is a golden opportunity for agents
RJ Jones, head of Keller Offers, told Inman Connect Las Vegas that the increase in iBuyers and alternative transaction models are driving professionalism and give the industry a lot to look forward to
by Craig C. Rowe Oct 26
RealSure, Realogy's iBuyer joint venture, gets first CEO
Entrepreneur Katie Finnegan is tasked with 'simplifying the consumer experience without removing the personal relationship with an agent'
by Matt Carter Oct 26
Zillow's iBuyer misstep will soon be 'a distant memory': Mike DelPrete
Opinion
Within the context of long-term industry disruption, Zillow's loss may simply be an embarrassing detour on its inexorable march to transform real estate
by Mike DelPrete Oct 25
3 moments that made Side CEO Guy Gal
Gal's billion-dollar company has its origins in its co-founder's own experiences — both good and bad — buying real estate
by Jim Dalrymple II Oct 19
As Zillow pumps brakes on buying, other stunned iBuyers forge ahead
Zillow says it's facing supply and labor constraints. But other iBuyers, who expressed surprise over Zillow's abrupt pause, say they aren't suffering from the same issues
by Jim Dalrymple II Oct 18
Offerpad launches in 106 central Ohio cities, including Columbus
The publicly traded iBuyer has launched its services in the Columbus metro area, bringing its number of markets to 21
by Daniel Houston Oct 5
Redfin brings cash offer service to 2 largest markets in North Carolina
The Seattle-based brokerage has launched its iBuyer service in Charlotte and Raleigh
by Daniel Houston Sep 30
Opendoor and FTC still at odds over iBuyer's advertising
Regulator threatened 'enforcement action' related to allegedly 'inaccurate' or 'inadequately substantiated' advertising claims if settlement talks fail
by Andrea V. Brambila Sep 27
Redfin CEO, Zillow pour cold water on TikToker's iBuyer theory
A recent viral video suggested iBuyers could jack up the prices of homes. But one expert called the theory 'fairly conspiratorial,' and iBuyers themselves said they still have a tiny share of the market
by Jim Dalrymple II Sep 23
Startup iBuyer Flyhomes expands to Austin, Dallas and Houston
In addition to the new Texas markets, the company operates in Seattle, Boston, Portland, the Bay Area and Southern California
by Libertina Brandt Sep 22