Zillow's now-shuttering iBuyer business sent revenue soaring, but also significantly amplified losses during the final months of 2021
Zillow's last earnings report included news that the Zillow Offers iBuyer program would shut down. Three months later, observers are waiting for the next pivot
Other industry leaders who landed top spots on the prestigious Swanepoel Power 200 ranking include eXp's Glenn Sanford, Realogy's Ryan Schneider and Compass' Robert Reffkin
The year saw explosive rivalries, wild stock market performances and plenty of rage
Zillow's stock bounced back to the highest level in a month as the portal announced a stock buyback plan and its speedy progress on sunsetting Zillow Offers
Real estate giant also announces $750M stock buyback following the company's stock price tumble after Zillow Offers shutdown
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 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
Opinion
Access to too much capital often blurs good real estate investor judgment. Over-leveraged investors can easily lose everything
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 popular portal raked in $1.7B during the third quarter of 2021, though it also lost $328M — much of it from iBuying
The move should take several quarters and will also result in Zillow reducing its workforce by about 25 percent
With Zillow Offers woes and souring public opinion at their backs, Zillow has a few headwinds heading into its Q3 2021 earnings on Tuesday. Here are 4 things to keep an eye on
The company's net income between April and June clocked in at $10 million — better than one year ago but short of the heights of the past two quarters