In a new interview on Thursday, Offerpad CEO Brian Bair explained where Zillow went wrong and his enduring faith in the iBuying business model
Zillow's ill-fated iBuying venture drew detractors online before the program collapsed. But as the company races to unload 18,000 homes, were they right about where it's headed?
The brokerage and portal company raked in $540M between July and September, and saw its losses improve
Opinion
Zillow is not going away, and iBuyer programs are still disrupting. Those are the facts — but there's a massive opportunity to step up and step into your own role as a real estate professional. Here's what you need to know
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 Complete will let consumers track their transactions and coordinate both home sales and purchases from one location
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
This move that has significant implications for the real estate industry. Here's why
Thirty minutes into trading on Wednesday, Zillow Group's stock was down about 16.6 percent to around $70.55 per share
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
On Tuesday, Zillow announced that it would shutter Zillow Offers. With plans to unload 7,000 homes at an estimated $2.8B, Inman wants to know if there's another solution
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