Property investing is so hard, even Spencer Rascoff steers clear of it
The co-founder of Zillow and Pacaso just isn’t that into traditional real estate — at least as an income-generating investment, he told Arrived CEO Ryan Frazier in a recent interview
by Daniel Houston Jun 30
Offerpad executes 1-for-15 reverse stock split to head off delisting
Pioneering iBuyer hopes to bring share price back above the New York Stock Exchange's $1 minimum threshold by converting every 15 shares of outstanding common stock into 1 share
by Matt Carter Jun 12
Spencer Rascoff
The portal's co-founder and former CEO also said that Zillow's impact includes creating tens of thousands of new 'super agents'
by Jim Dalrymple II May 25
Newport Beach officially calls Pacaso a dirty word: 'Timeshare'
The California coastal town of 85,000 voted unanimously to relegate co-owned homes — like those sold by Pacaso and Ember — to areas that typically don't have luxury homes in them
by Taylor Anderson May 11
Gavel over one hundred dollar bills represents Newrez' settling a complaint
Zillow has maintained its agent-lender co-marketing program is RESPA compliant, and admitted no wrongdoing while agreeing to pay $15M, which was granted preliminary approval Monday
by Matt Carter Apr 4
Mortgage rates nosedive in fallout from Silicon Valley Bank failure
Bank failures and slowdown in wage growth have forecasters thinking the Federal Reserve will back off from aggressive rate hike campaign when it meets next week
by Matt Carter Mar 13
Proptech has reached an inflection point. So, like, what happens now?
Opinion
Disruptive sales models, lead aggregators and search products have transformed proptech into a true marketplace while freeing venture capitalists up to become more than mere power brokers
by Craig C. Rowe Mar 1
Offerpad buys more time with $90M raise as end of runway approaches
Private placement with existing investors including CEO Brian Bair extends the company's cash burn runway by six months to a year, dilutes existing shareholders KBW analysts say
by Matt Carter Feb 1
Spencer Rascoff on CoStar-Move Inc. rumors: '$3B seems a little low'
Pioneers of consumer-first online home search weighed in from Inman Connect New York Wednesday on rumors that CoStar approached News Corp about purchasing Move Inc.
by Craig C. Rowe Jan 25
CoStar considering purchase of Realtor.com parent: Report
Acquiring Realtor.com would significantly advance CoStar's push into residential real estate — and bring it into greater conflict with the industry's existing power players
by Jim Dalrymple II Jan 25
Ribbon suspends cash offer service, working on new tools for spring
The New York-based power buyer had been purchasing homes on behalf of RibbonCash clients who were unable to close a deal with their own financing
by Matt Carter Nov 11
Pacaso slashes 30% of workforce, citing rising rates and home prices
Pacaso employees impacted by the cuts will be provided severance, health care coverage and career help, Pacaso CEO Austin Allison said during an all-hands conference call Tuesday
by Craig C. Rowe Oct 11
It's the end of an era as 'father of the Zestimate' retires from Zillow
Stan Humphries, most recently Zillow's chief analytics officer, announced his retirement this month after 15 years with the portal. For better or worse, his work changed real estate forever
by Jim Dalrymple II Oct 11
Pete Flint and Spencer Rascoff to share the stage together in 2023 at real estate's premier conference
Former Zillow CEO Spencer Rascoff and former Trulia CEO Pete Flint will collaborate on stage on January 25 at #ICNY
by Laura Monroe Sep 22
Pacaso co-founders: 'We're in the early days of exciting new category'
Pacaso CEO Austin Allison and Board Chairman Spencer Rascoff spoke to Inman about the emergence of a game-changing second-home model on the eve of its launch into a new market
by Craig C. Rowe Sep 20